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Hoa Binh benefits from foreign-invested projects

Sep 12th at 14:57
12-09-2014 14:57:55+07:00

Hoa Binh benefits from foreign-invested projects

Foreign investment projects in the northern province of Hoa Binh have made substantial contributions to the State budget while creating jobs for more than 10,000 local labourers, according to the Director of Hoa Binh Management Board of Industrial Parks Tran Van Phuc.

Hoa Binh province currently is home to 22 foreign-invested projects worth US$350.3 million.

Japan and the Republic of Korea together account for 19 projects, including a $75 million automobile part factory invested by Nissin and a $36 million aluminium plant of Almine group. Most recently, HNT Vina Co. Ltd., from the RoK, officially opened a $20-million factory that manufactures built-in cameras for mobile phones in the beginning of this month. The facility has a capacity of of 180 million units per year and employs 2,000 labours.

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