Japan’s industrial machine factory inaugurated in Vietnam
Japan’s Meitoku Engineering Co., Ltd put into operation a factory producing and assembling industrial machines at the Dong Van II Industrial Zone in the northern province of Ha Nam on September 28.
Perspective of Meitoku Engineering Vietnam (Source: Internet)The factory, covering an area of 19,100 sq.m, has a total investment of 5 million USD.
This is the first overseas factory of Meitoku Engineering, said Tokunaga Mikie, the company’s General Director, pledging using advanced technologies to produce quality products and protect the environment, thus contributing to the development of Ha Nam province and Vietnam in general.
Nguyen Dinh Khang, Secretary of the provincial Party Committee, appreciated the company’s efforts in finishing factory construction on time with safety.
The factory is expected to create more jobs and improve locals’ living conditions, he said, affirming that Ha Nam will continue creating the best conditions for Japanese enterprises and others investing in the province.
Ha Nam has to date attracted 178 foreign direct investment (FDI) project with a total capital of over 1.4 billion USD. Of which, 54 projects worth 550 million USD are invested by Japan.-VNA
You should also see
Noi Bai, Da Nang named in world’s top 100 airports
Hanoi capital’s Noi Bai International Airport and the Da Nang International Airport in the central city of the same name have been listed among the world’s top 100 airports in 2024 by the UK–based aviation consultancy Skytrax.
See more
Business
Vietnam earns 1.43 billion USD from rice exports in Q1
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Business
Old loans must endure higher interest rates temporarily: central bank
The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
Business
Vietjet adds more flights to Dien Bien
To meet the rising demands to visit Dien Bien of people and tourists during the celebration of the 70th anniversary of the Dien Bien Phu victory, Vietjet increased the frequencies of flights between Hanoi, Ho Chi Minh City and the northwestern province to 28 per week.
Videos
Agro-forestry-fisheries products nearly double in Q1
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at over 13.5 billion USD, up nearly 22% over the same period last year, according to the Ministry of Agriculture and Rural Development.
