Japanese investors pour fund in Da Nang projects

Yamato Sewing Machine Manufacturing Company from Japan plans to build a factory in Da Nang Hi-Tech Park providing sewing machines, spare parts and accessories as well as automotive equipment in sewing industry.

Friday, October 27, 2017 11:08

Japanese investors pour fund in Da Nang projects ảnh 1

Three Japanese investors agreed to invest nearly 140 million USD in hi-tech industry and tourism projects in Da Nang. (Photo: VNA)

Da Nang (VNA) - Yamato SewingMachine Manufacturing Company from Japan plans to build a factory in Da NangHi-Tech Park providing sewing machines, spare parts and accessories as well asautomotive equipment in sewing industry.

The city’s Investment Promotion Agency (IPA)confirmed that the firm is the third Japanese investor at the park.

It said Yamato will soon commence constructionof the project on 2.85ha with total investment of 28 million USD.

Yamato has had representative offices in Hanoiand Ho Chi Minh City from 2007.

The 1,010-ha park in Haa Vang district, 20kmwest of the city, attracted six projects valued at 180 million USD from twoJapanese and four domestic investors between 2012-16.

According to the IPA, two Japanese companies –Mikazuki and Katsuura – will start construction of a complex of hotel,entertainment and beach resort on 24.5ha in Lien Chieu district with totalcapital of 110 million USD next year.

Japan is the second largest investor in Da Nangwith 134 projects worth 598 million USD.-VNA

VNA

#Yamato Sewing Machine Manufacturing Company #Da Nang Hi-Tech Park #Da Nang Investment Promotion Agency #Japanese investment in Da Nang #Vietnam News Agency #vietnamplus Da Nang

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