Business

Japanese investors pour fund in Da Nang 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.
Japanese investors pour fund in Da Nang projects ảnh 1Three Japanese investors agreed to invest nearly 140 million USD in hi-tech industry and tourism projects in Da Nang. (Photo: VNA)

Da Nang (VNA) - Yamato SewingMachine Manufacturing Company from Japan plans to build a factory in Da NangHi-Tech Park providing sewing machines, spare parts and accessories as well asautomotive equipment in sewing industry.

The city’s Investment Promotion Agency (IPA)confirmed that the firm is the third Japanese investor at the park.

It said Yamato will soon commence constructionof the project on 2.85ha with total investment of 28 million USD.

Yamato has had representative offices in Hanoiand Ho Chi Minh City from 2007.

The 1,010-ha park in Haa Vang district, 20kmwest of the city, attracted six projects valued at 180 million USD from twoJapanese 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 totalcapital of 110 million USD next year.

Japan is the second largest investor in Da Nangwith 134 projects worth 598 million USD.-VNA
VNA
#Yamato Sewing Machine Manufacturing Company#Da Nang Hi-Tech Park#Da Nang Investment Promotion Agency#Japanese investment in Da Nang#Vietnam News Agency#vietnamplus
Follow VietnamPlus

Related News

Singaporean firms keen on Da Nang market

Singaporean firms keen on Da Nang market

A number of Singaporean firms have expressed their keen interest in investing in high technology in the central city of Da Nang – one of Vietnam’s most vibrant localities.
Da Nang approves logistics project

Da Nang approves logistics project

The first logistics project in the high technology park of the central city of Da Nang has been approved with total registered capital of 316 billion VND (14 million USD).

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.