Japan firm pledges $5m Binh Dinh timber factory

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Japanese firm Marubeni Lumber Co plans to develop a wood furniture production factory in central Binh Dinh province's Nhon Hoi Industrial Zone (IZ).

Japenese firm Marubeni Lumber Co plans to develop a wood furniture production factory in central Binh Dinh province's Nhon Hoi Industrial Zone (IZ). — Photo baodautu.vn
HA NOI (Biz Hub) — Japanese firm Marubeni Lumber Co plans to develop a wood furniture production factory in central Binh Dinh province's Nhon Hoi Industrial Zone (IZ).

Covering 100.000sq.m, the factory will cost US$5 million in its first phrase.

Earlier this month, chairman of the provincial People's Committee Ho Quoc Dung thanked the Japanese company for choosing Binh Dinh and pledged to create favourable conditions for the company to do business.

As of August, the province's IZs had lured five Japan-funded projects worth a combined total of nearly $30 million, according the Binh Dinh Economic Zone Authority. — VNS

 

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