Japanese corporation to build IP in Vinh Phuc
Japan's Sumitomo Corporation will build an industrial park in Vinh Phuc Province following a memorandum of understanding it signed with the provincial People's Committee on Friday.
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| Japan's Sumitomo Corporation will build an industrial park in Vinh Phuc Province following a memorandum of understanding it signed with the provincial People's Committee on Friday. Photo baovinhphuc |
The industrial park, named Thang Long 3, will cover nearly 300 hectares in Binh Xuyen District, with an initially investment of $135 million. When operational, it is set to attract over 80 Japanese businesses manufacturing automobile and motorcycle components, and high-tech and other products for support industries, creating 40,000 jobs for local residents.
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