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Japanese-invested tool manufacturer operational in Dong Nai

The Japanese-invested Tone Vietnam Co. Ltd commenced operations and inaugurated a factory producing handheld tools at the Nhon Trach 3 Industrial Park in Nhon Trach district, southern Dong Nai province on April 22.
The Japanese-invested Tone Vietnam Co. Ltd commenced operations andinaugurated a factory producing handheld tools at the Nhon Trach 3Industrial Park in Nhon Trach district, southern Dong Nai province onApril 22.

The company, with more than 5 million USDin investments, is an affiliate of Japan’s Tone Co. Ltd with 80 yearsof experience in portable tool manufacturing. It leased 2 hectares ofland at the industrial park in 2010 to build its facilities.

Speaking at the inauguration ceremony, Chairman of the Dong NaiPeople’s Committee Dinh Quoc Thai stressed that his province has offeredfavourable policies for Japanese investment over the past years, giventhe financial strength, cutting-edge technology and responsible staff ofJapanese firms.

He said Dong Nai has attracted 925million USD in foreign direct investment (FDI) since the beginning of2015, 25 million USD higher than this year’s target.

It currently houses about 1,230 active FDI projects worth more than22.5 billion USD. Among 40 countries and territories investing in DongNai, Japan has nearly 200 enterprises with a registered capital ofaround 3.3 billion USD, Thai added.

Dong Nai islocated in Vietnam’s southern key economic region, which also includesHo Chi Minh City and Binh Duong, Tay Ninh, Ba Ria-Vung Tau, Binh Phuoc,Long An and Tien Giang provinces.-VNA
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