 |
| Yazaki automotive electrical wiring factory will be built in Dong mai Viglacera Industrial park in Quang Ninh Province. Photo viglaceraland.vn |
HA NOI (Biz Hub) — Yazaki Hai Phong Vietnam company, a subsidiary of Japan's Yazaki group, will pour US$33 million into an automotive electrical wiring factory in the Dong Mai Viglacera Industrial Park, located in the northern province of Quang Ninh.
On July 9 the company signed a lease in principle for a 70,000 sq.m plot of land on which the factory will be built. The project is expected to create employment for 3,000 people.
The Yazaki group occupies one third of the world market in the car wiring sub-sector.
Covering 160 ha in Quang Yen town, the Dong Mai Viglacera Park, the third industrial park in Quang Ninh province, has received a total investment of VND1.2 trillion ($56.5 million). — VNS