Vĩnh Long Province gets hi-tech factory

December 28, 2018 - 06:00

TOWA Industrial Vietnam Co.Ltd has begun construction of a high-tech factory to produce precision machine parts at the Hòa Phú Industrial Park in the Mekong Delta province of Vĩnh Long.

An artist’s impression of TOWA Industrial Vietnam Co.Ltd’s under-construction plant at the Hòa Phú Industrial Park in the Mekong Delta province of Vĩnh Long. – Photo Courtesy of Thiên An Design- Construction- Trading Co.ltd

Viet Nam News

VĨNH LONG — TOWA Industrial Vietnam Co Ltd has begun construction of a high-tech factory to produce precision machine parts at the Hòa Phú Industrial Park in the Mekong Delta Province of Vĩnh Long.

The VNĐ342 billion (US$14.7 million) TOWA SOUTHERN STAR FACTORY project is expected to help attract other high-tech investors to the region.

The project matches the province’s ambition to transform its industrial structure from traditional to technology-based to help it develop sustainably.

It will produce high precision machine parts using environmentally-friendly technologies. TOWA supplies products to many famous brand names such as Juki, Brother, Komatsu, and Kubota.

The plant will also use the latest technologies for waste treatment.

It is being designed and built by Thiên An Design- Construction- Trading Co Ltd, which recently built the main operation building, air traffic control building, air traffic control tower, and airport apartment building at the Vân Đồn International Airport in Quảng Ninh Province, the Cà Mau Gas Processing Plant and some factories for foreign investors like Ajinomoto, Acecook, Wacoal, Fuji Impulse, and YKK.–VNS

Tags Vietnam Vietnam News news TOWA

Trà Vinh helps businesses increase trade, exploit FTAs

Economy

Việt Nam promotes coconut exports, enhances industry value

Economy

Catalysing Việt Nam's green future: EU's role in Cần Thơ, Trà Vinh's energy transition

Economy

Transition to sustainability an urgent task: policymakers

Economy

Việt Nam needs $14 billion to develop EV charging stations

Economy

Incentive mechanisms needed for semiconductor industry: PM

More on this story

Economy

Lào Cai Gold JSC to trade on UPCoM

The Lào Cai Gold JSC has gained approval from the Hà Nội Stock Exchange to trade its 10.5 million shares on the Unlisted Public Company Market (UPCoM), making it the first gold miner to trade on the Vietnamese equity market.

Economy

SHS to sell nearly 102 million shares to raise capital

Sài Gòn-Hà Nội Securities JSC (SHS) plans to issue more than 101.8 million shares to provide funding for its business activities and double its charter capital.

Economy

SCIC takes over Sate capital in construction firm LICOGI

The Ministry of Construction on Wednesday transferred ownership of State capital at the Infrastructure Development and Construction Corporation (LICOGI) to the State Capital Investment Corporation (SCIC).

Economy

State Treasury raises $7.09 billion via G-bonds

The State Treasury of Việt Nam mobilised nearly VNĐ165.8trillion (US$7.09 billion) through Government bond auctions on the Hà Nội Stock Exchange (HNX) in 2018.

Economy

Quảng Ngãi to have a $125m steel fiber factory

The central province of Quảng Ngãi has signed an investment registration certificate for Belgium’s NV Bekaert SA to build a steel fiber factory in the province.

Economy

Pharma sector expects solid growth

Vietnamese pharmaceutical companies are optimistic about the business prospects of the sector, with nearly 80 per cent of firms anticipating an annual industry growth rate of more than 10 per cent.

Economy

Higher loans limits could end loan-sharking: experts

Increasing the limits of unsecured loans given by banks will prevent people from approaching loan sharks, an online conference hosted by the State Bank of Việt Nam heard on Wednesday.

Economy

Tourism master plan developed

The southern coastal province of Bà Rịa-Vũng Tàu authorities have approved a master plan for tourism development by 2025 with a vision to 2030.

Economy

$4.8m rubber latex processing plant opens in Sơn La

The Việt Nam Rubber Group inaugurated its new rubber latex processing plant, worth VNĐ110 billion (US$4.8 million), in the northern mountainous province of Sơn La on Wednesday.