Hai Phong Economic Zone Management Association (Heza) has lately granted the investment licences for the two projects to be conducted by Malaysian and Japanese investors.
The two projects have total investment capital of over $13.4 million. The first project was to build a glass fibre manufactory in Trang Due Industrial Zone. Two Malaysian firms would spend $1.4 million for conducting the construction project.
The second project was a hydraulic equipment manufactory to be sited in Vietnam-Singapore Industrial Park (VSIP) with investment capital of $12 million. The Japan’s Nishina Vietnam Industrial Co Ltd would be the main investor for this project.