HÀ NAM — A Japanese-invested plant specialising in manufacturing, processing and assembling plastic, rubber and metal components for machines and equipment opened for business on Friday.

Located in the northern province of Hà Nam. Financed Chuo Bussan Co is a US$15 million plant spanning 2ha in the Đồng Văn 3 Industrial Park, Duy Tiên District.

Yochihiko Mio, chairman of Chuo Bussan, said this is the firm’s first project in Việt Nam, and he hopes local authorities and agencies will support and create favourable conditions for the company to operate effectively.

In his speech, vice chairman of the provincial People’s Committee Trương Quốc Huy praised efforts made by the Japanese investor to accelerate the construction of the project which was completed on schedule.

The plant’s operation would help meet the demand of the market and create jobs for labourers, contributing to promoting the local socio-economic development, Huy said.

The vice chairman added the locality has been making efforts to improve the investment and business environment, and create good conditions for projects to be implemented quickly and smoothly.

Hà Nam Province is home to 226 foreign-invested projects with a total registered capital of $2.5 billion. More than 70 of them, worth more than $800 million, are financed by Japanese businesses in several sectors including engineering and manufacturing, automobile, motorbikes and electronic components. 

In the future, the province will prioritise  attracting hi-tech industries, manufacturing and processing, supporting industries, hi-tech farming, food processing and health-care, director of the provincial Department of Planning and Investment Nguyễn Văn Oang said, adding that his province targets to foreign investors from developed economies such as Japan and South Korea. — VNS