Ohashi Tekko Vietnam Ltd on January 23 received an investment certificate for the construction of its plant making automotive parts.

The 14 million USD project, located in Binh Xuyen Industrial Zone, northern Vinh Phuc province will operate at the beginning of 2014.

When operating stably, it may contribute one million USD to the state budget each year.

Ohashi Tekko Vietnam Ltd is a wholly Japanese invested company and the 18th Japanese investor in the province.

Vinh Phuc province authorities pledged to create favourable conditions for the investor to complete its investment procedures quickly.-VNA