Việt Nam News

Japanese investors pour fund in Đà Nẵng manufacturing and hotel projects

October 25, 2017 - 18:00

Yamato Sewing Machine Manufacturing company from Japan has announced plans to build a factory in Đà Nẵng Hi-Tech Park providing sewing machines, spare parts and accessories as well as automotive equipment in sewing industry.

Three Japanese investors agreed to invest nearly US$140 million in hi-tech industry and tourism projects in Đà Nẵng. — VNS Photo Công Thành

Viet Nam News

ĐÀ NẴNG — Yamato Sewing Machine Manufacturing company from Japan plans to build a factory in Đà Nẵng Hi-Tech Park providing sewing machines, spare parts and accessories as well as automotive equipment in sewing industry.

The city’s investment promotion agency (IPA) confirmed to Việt Nam News that the firm is the third Japanese investor at the park.

It said Yamato will soon commence construction of the project on 2.85ha with total investment of US$28 million.

Yamato has had representative offices in Hà Nội and HCM City from 2007.

The 1,010-ha park in Hòa Vang District, 20km west of the city, attracted six projects valued at $180 million from two Japanese and four domestic investors between 2012-16.

According to the IPA, two Japanese companies – Mikazuki and Katsuura – will start construction of a complex of hotel, entertainment and beach resort on 24.5ha in Liên Chiểu District with total capital of $110 million next year.

Japan is the second largest investor in Đà Nẵng with 134 projects worth $598 million. — VNS

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