Japanese-owned steel plant begins production in Binh Duong

The Japanese fully-invested Daiyu Steel Limited Co. opened a new steel factory in Di An town, the southern province of Binh Duong, on November 25.

Wednesday, November 26, 2014 10:04

The Japanese fully-invested Daiyu Steel Limited Co. opened a new steelfactory in Di An town, the southern province of Binh Duong, on November25.

The factory, located on a 13,000m2 land plot in the Tan DongHiep industrial zone, has a total investment of 10 million USD.

It has a monthly production capacity of 1,350 tones of products.

Hiroyuki Inoue, the company’s General Director, said investing in BinhDuong is a sound decision given the locality’s fast industrialisationand urbanisation.

This year, Japanese investors have pumped more money into the province than in other countries and territories.

Accordingly,Japan is currently the largest investor in Binh Duong, having 225projects with a total investment capital of nearly 4.7 billion USD.

Binh Duong, together with the southern province of Dong Nai and Ho ChiMinh City, are amongst the most attractive FDI destinations in Vietnam.

In the past 11 months, it ranked third in terms of disbursedforeign direct investment with 1.42 billion USD after northern ThaiNguyen province and Ho Chi Minh City.-VNA

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