Tokyo Seiko is one of the leading companies in the field of cable manufacture in Japan which has the history of over 130 years. It has constructed two cable factories in China. And now it is seeking opportunities to invest in Dong Nai. Mr. Teruhico Yamanaka unveiled that Vietnam is the first choice of his company due to its favorable location and investment environment is enhanced recently.
Tokyo Seiko is planning to build a cable factory worth 90 million USD in Dong Nai. The expected factory has the capacity of 36,000 tons per year and total revenue is estimated to reach 70 million USD per year. And It will become the key factory of Tokyo Seiko in South East Asia.
Mrs. Dang Thi Kim Nguyen took this opportunity to enhance the provincial economic and social advancement and the province’s advantages as a place to do business for foreign investors due to favorable conditions created by local government for encouraging and increasing the opportunities for foreign investment. She said that investment opportunities in Dong Nai’s 17 industrial parks are still welcome. Especially, the project invested by Tokyo Seiko is included in the list of projects where investment is encouraged. Nguyen revealed that the examination and approval over the application for the project would be completed within 2 working days on the premise that the project conforms with the relevant stipulations and conditions.
(Source Dong Nai Radio and Television Station)
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