Business

Local company cooperates with Japanese investors

The Saigon Paper Joint Stock Company (SGP) signed a strategic investment cooperation agreement with two Japanese partners in Ho Chi Minh City on April 27.
The Saigon Paper Joint Stock Company (SGP) signed a strategic investmentcooperation agreement with two Japanese partners in Ho Chi Minh Cityon April 27.

Under the agreement, Japan’s DaioPaper Company (Daio) and BridgeHead Investment Fund under theDevelopment Bank of Japan (DBJ) will hold a 38 percent stake in SGP andhave roadmaps to continue investment in the company.

Besides capital, the Japanese partners will also provide comprehensiveassistance in technology, management and human resource training forthe Vietnamese company.

On the occasion, SGP received ISO 14001 certificate and the State’s third-class Labour Order./.
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