Firms seek to invest $3 billion

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A joint-venture between Hong Kong-based Lee & Man and Japanese Hokuetsu groups has proposed to develop a large-scale complex, expected to cost US$3 billion, in central Ha Tinh Province’s Vung Ang Economic Zone (EZ) during a working session with local authorities on Tuesday.

A joint-venture between Hong Kong-based Lee & Man and Japanese Hokuetsu groups has proposed to develop a large-scale complex, expected to cost US$3 billion, in central Ha Tinh Province’s Vung Ang Economic Zone (EZ) during a working session with local authorities on Tuesday. — Photo baodautu.vn

A joint-venture between Hong Kong-based Lee & Man and Japanese Hokuetsu groups has proposed to develop a large-scale complex, expected to cost US$3 billion, in central Ha Tinh Province’s Vung Ang Economic Zone (EZ) during a working session with local authorities on Tuesday.

The complex will comprise a deep-water port, a logistics area and a paper production plant with an annual capacity of one million tonnes and other facilities manufacturing supporting equipment for the paper industry, besides a power plant, online newspaper baohatinh.vn reported. — VNS

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