Home Economy

Japanese investors pour fund in Da Nang manufacturing and hotel projects

Oct 26th at 08:09
26-10-2017 08:09:07+07:00

Japanese investors pour fund in Da Nang manufacturing and hotel projects

Yamato Sewing Machine Manufacturing company from Japan plans to build a factory in Da Nang Hi-Tech Park providing sewing machines, spare parts and accessories as well as automotive equipment in sewing industry.

 

The city’s investment promotion agency (IPA) confirmed to Viet Nam News that the firm is the third Japanese investor at the park.

It said Yamato will soon commence construction of the project on 2.85ha with total investment of US$28 million.

Yamato has had representative offices in Ha Noi and HCM City from 2007.

The 1,010-ha park in Hoa Vang District, 20km west of the city, attracted six projects valued at $180 million from two Japanese and four domestic investors between 2012-16.

According to the IPA, two Japanese companies – Mikazuki and Katsuura – will start construction of a complex of hotel, entertainment and beach resort on 24.5ha in Lien Chieu District with total capital of $110 million next year.

Japan is the second largest investor in Da Nang with 134 projects worth $598 million.

bizhub

MOST READ

NEWS SAME CATEGORY

Energy efficiency turns SMEs into success story
ECONOMY Oct 25th at 10:18

Energy efficiency turns SMEs into success story

Amid the spiralling ramifications of climate change in Vietnam, energy-saving and CO2-reducing technologies have proven an inevitable trend for small- and medium-d...

MoT to cut airport budget deficit
ECONOMY Oct 25th at 08:53

MoT to cut airport budget deficit

The Ministry of Transport (MoT) has proposed to the Prime Minister four different plans to operate airfields in the future, aiming to narrow a yawning gap between...

Vietnamese fruit, vegetable exporters seek opportunities in EU
ECONOMY Oct 24th at 13:31

Vietnamese fruit, vegetable exporters seek opportunities in EU

A delegation of Vietnamese fruit and vegetable export firms will travel to three European countries -- France, Germany and Poland -- to explore business...

Viet Nam to reach year’s GDP goal
ECONOMY Oct 24th at 11:07

Viet Nam to reach year’s GDP goal

The gross domestic product (GDP) of Viet Nam this year is expected to reach 6.7 per cent, perfectly on point with the previously set target.

IP protection boosts growth: experts
ECONOMY Oct 24th at 09:20

IP protection boosts growth: experts

Viet Nam will work to raise the quantity as well as quality of applications for inventions in the coming years, delegates said at a seminar in HCM City on Monday.

US president’s visit galvanises firms
ECONOMY Oct 24th at 08:48

US president’s visit galvanises firms

As the US and Vietnam seek to deepen economic ties, US President Donald Trump’s upcoming visit to Vietnam is expected to create a positive attitude among the US...

For the UNDP, Vietnam a model of growth
ECONOMY Oct 24th at 08:45

For the UNDP, Vietnam a model of growth

Since the inception of the Doi moi era in 1986, Vietnam has racked up some impressive achievements in socio-economic development. Kamal Malhotra, UN resident...

Nghi Son economic zone to welcome ecological resort
ECONOMY Oct 23rd at 18:53

Nghi Son economic zone to welcome ecological resort

The People’s Committee in the central province of Thanh Hoa has recently given the go-ahead to a US$15.6-million eco-tourist resort project in the Nghi Son economic...

APEC FMs target balanced, inclusive growth
ECONOMY Oct 23rd at 18:52

APEC FMs target balanced, inclusive growth

APEC members are determined to use all policy tools – monetary, fiscal and structural – individually and collectively, to achieve strong, sustainable, balanced and...

Hai Phong to host VN-China meet
ECONOMY Oct 23rd at 18:50

Hai Phong to host VN-China meet

The eighth conference on economic corridor co-operation among five cities and provinces from Viet Nam and China will take place in the northern city of Hai Phong on...

Read More

MOST READ

Back To Top