HAI PHONG (VNS) — The management board of the Hai Phong economic zone has granted licences for two foreign direct investment (FDI) projects.
Of those, the Hong Kong's Warehousing Workshop Worldwide will invest US$15.5 million in a warehouse and hiring office project in the Dinh Vu Industrial Park. The construction will start in December and be operational by June next year.
Japan's Taiyou Denki KK will invest $7 million to build a loudspeaker factory in the Viet Nam - Singapore Industrial Park (VSIP) in the northern Hai Phong City. The project is expected to be ready in October next year.— VNS