December 15, 2020 | 20:51 (GMT+7)
Construction of USD 40-million factory underway in Da Nang
Construction of a USD 40-million sports equipment factory began on December 15 at the Hoa Khanh Industrial Park in the central city of Da Nang’s Lien Chieu district.
Invested by Daiwa Vietnam Limited, the factory sits on 4 ha and is scheduled to be completed in January 2022.
Licensed in 2019, it is the third project of the company at Hoa Khanh, where its investment totals USD 90 million.
Addressing the breaking-ground ceremony, Vice Chairman of the city’s People’s Committee Ho Ky Minh said the municipal authorities will create optimal conditions for the construction of the project and for all investors in the city.
Industrial parks in Da Nang licensed 16 new projects this year, raising the total to 491, including 128 foreign-invested projects with investment of nearly USD 1.6 billion. Of the number, Japanese investors own 52 projects worth more than USD 644 million.
Source: VNA