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Hai Phong builds $175 million industrial zone

Dec 12th at 13:12
12-12-2016 13:12:54+07:00

Hai Phong builds $175 million industrial zone

Hai Phong People’s Committee and Shenzen Investment Holdings Co Ltd last Friday began construction of the An Duong Industrial Zone in this nothern city.

 

The Chinese company said it will invest roughly VND4 trillion (US$175 million) to build the zone in Bac Son Commune to attract hi-tech and environmentally-friendly investment projects, which will produce high added value products.

Specifically, the zone is expected to roll out electronic products, home appliances and high-end consumer goods.

The land needed for the firm to develop the zone will be available in the first quarter of next year, said Nguyen Van Tung, chairman of the committee.

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