Home Economy

Marquardt to build auto parts factory in Da Nang

Jul 1st at 13:22
01-07-2016 13:22:47+07:00

Marquardt to build auto parts factory in Da Nang

Marquardt Group of Germany expects to invest US$35-50 million to build an auto parts manufacturing factory in central Da Nang City.

The information was released by Vice President Asia at Marquardt Group, Peter Schaumann, during a meeting with Da Nang authorities on June 28.

Construction of the plant will be carried out over two to three years and employ some 600 workers, 200 of them being engineers and high-end technicians.

Deputy Chairman of Da Nang municipal People's Committee Tran Van Mien said the city had sufficient infrastructure, such as industrial parks and high-tech zones, which have been systematically developed and is prepared to receive new investors.

Mien noted that Da Nang has always opened its door to large business groups, especially investors from Germany.

Earlier, the Marquardt Group worked with representatives of local departments to discuss future issues related to the proposed auto parts factory.

bizhub

MOST READ

NEWS SAME CATEGORY

New policies designed to help HCMC businesses thrive
ECONOMY Jul 1st at 11:04

New policies designed to help HCMC businesses thrive

All enterprises should have equal access to city resources, regardless of , type or industry, the deputy chairman of HCM City's People's Committee said.

Tourism to VN grows 21 per cent to 4.7m
ECONOMY Jul 1st at 11:03

Tourism to VN grows 21 per cent to 4.7m

International arrivals to Viet Nam reached more than 4.7 million in the first half of 2016, a year-on-year increase of 21.3 per cent.

Gov't: drastic need to help firms
ECONOMY Jul 1st at 11:00

Gov't: drastic need to help firms

Government policies must be business-friendly to encourage investment, Minister of Planning and Investment Nguyen Chi Dung said at a dialogue on the 2016 investment...

Companies should take advantage of Vietnamese’s growing tendency to shop on mobile
ECONOMY Jun 30th at 15:14

Companies should take advantage of Vietnamese’s growing tendency to shop on mobile

Mobile e-commerce (m-commerce) is set to boom in Vietnam in the upcoming years and companies need to forge plans to cash in on the growing popularity of this retail...

Cuban, Vietnamese businesses seek more opportunities
ECONOMY Jun 30th at 10:27

Cuban, Vietnamese businesses seek more opportunities

Cuban and Vietnamese firms met yesterday at an event held by the Embassy of Cuba in Viet Nam and by the Viet Nam Chamber of Commerce and Industry (VCCI) to seek...

VN firms urged to learn more about trade defence
ECONOMY Jun 30th at 10:25

VN firms urged to learn more about trade defence

Vietnamese firms should learn more about trade defence instruments allowed under the WTO and jointly use them to protect themselves, a seminar heard in HCM City...

Businesses urged to promote GIs
ECONOMY Jun 30th at 10:21

Businesses urged to promote GIs

Registration of geographical indications (GIs) is a good way to protect trademarks, improve a business' position in the world market and easily enter demanding...

Retailers ask Gov't for incentives
ECONOMY Jun 30th at 10:10

Retailers ask Gov't for incentives

The local retail community has asked the Government to develop policies to help the industry compete with foreign counterparts as a more liberal trade environment...

Viet Nam business forum held in Australia
ECONOMY Jun 30th at 10:01

Viet Nam business forum held in Australia

Nearly 100 overseas Vietnamese businesspeople gathered at a forum in Melbourne, Australia, on June 28 to explore investment opportunities in Viet Nam.

Vietnam encourages OVs to invest in homeland
ECONOMY Jun 29th at 14:20

Vietnam encourages OVs to invest in homeland

Nearly 100 overseas Vietnamese business people gathered at a talks in Melbourne on June 28 to discuss measures to boost investment in Vietnam.

Read More

MOST READ

Back To Top