The northern province of Thai Nguyen on May 14 granted an investment licence to the wholly-foreign invested Doosun Industries Vietnam Limited Company to build a hi-tech plant manufacturing and printing packaging.

Accordingly, Doosun will pour 14 million USD into building the plant on a 1.5 hectare site in Nguyen Gon Industrial Cluster of Song Cong town, with construction slated to complete in September and production to officially start in October.

The plant has a design capacity of 10,000 tonnes per year.

At the licence granting ceremony, Duong Ngoc Long, Chairman of the provincial People’s Committee, requested relevant organisations and agencies to create favourable conditions for the investor to quickly finish its procedures and bring the plant into operation.

In response, Doosun pledged to comply with the investment and construction regulations.

Over the recent years, Thai Nguyen province has focused on improving investment environment, to attract more investors. To date, there have been 27 valid foreign invested project in the province, with total registered capital of 113 million USD.-VNA