Manufacturing News 27/04/2024, 09:29

Quang Ninh Attracts Additional 115 Million USD from 2 Japanese Investors

2 Japanese FDI projects in Song Khoai Industrial Park increased Quang Ninh's investment capital by 115 million USD.

Quang Ninh Attracts Additional 115 Million USD from 2 Japanese Investors

The first project is manufacturing and trading plastic molding components and casting molds, invested by Tenma Vietnam Co., Ltd. (Japan), with a total investment of 56 million USD. It is expected that the project will go into operation in Q2/2025.

Tenma Vietnam Co., Ltd. was established in 2007 and has been operating since August 1, 2008, located at Lot E1 in Que Vo Industrial Park (Bac Ninh province). The company's main activities include manufacturing plastic components for office equipment, motorcycles, cars, and homeware.

The other is an electro-mechanical system project, invested by Yaskawa Asia Pacific, a subsidiary of the Yaskawa Corporation (Japan), has a total investment of nearly 59 million USD. It is expected that the project will go into operation from April 2026.

Yaskawa, headquartered in Kitakyushu, Fukuoka, Japan, is a world-leading corporation in manufacturing and supplying products in the fields of electric drives and industrial robots. After nearly 100 years of establishment and development, Yaskawa has continuously researched and expanded production to become one of the leading industrial equipment manufacturers in the international market.

This year, the Quang Ninh Economic Zone Authority sets a target of attracting at least 3 billion USD and 55,000 billion VND in domestic investment capital, establishing a general planning for the construction of the Quang Yen coastal economic zone, reaching 3 billion USD in revenue from FDI enterprises, and paying 850 billion VND to the state budget.

VietNam Finance / Translator: Hoàng Trúc
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