Japan firm pledges $5m Binh Dinh timber factory

tohang

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

 

  • Share:

see also

Trade minister calls for high-tech investments from Japan

Trade minister calls for high-tech investments from Japan

Minister of Industry and Trade Nguyễn Hồng Diên appeals for mutual assistance on an official visit to Japan.
Northern midlands and mountainous region leads nation in GRDP growth

Northern midlands and mountainous region leads nation in GRDP growth

Deputy Minister of Planning and Investment Nguyễn Đức Tâm said that this region’s GRDP is expected to grow by 9.1 per cent.
Bình Định province works to attract investment from Japan

Bình Định province works to attract investment from Japan

The People’s Committee of Bình Định province on Wednesday signed a cooperation deal with the Japan – Việt Nam Friendship Association of Sakai city to boost investment and development ties with Japan.
E-portal for e-commerce household businesses launched

E-portal for e-commerce household businesses launched

The General Department of Taxation on Thursday officially launched the e-portal for households and individuals running businesses to register, declare and pay tax.
Ministry proposes incentives for renewable energy projects

Ministry proposes incentives for renewable energy projects

To attract investments in offshore wind power, the ministry proposed an exemption of marine area use fees during construction and a 50 per cent reduction in fees for the 12 years after operations begin.