Economy
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| 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
