The management board of the Hai Phong Economic Zone has granted the Japanese-invested Zeon Manufacturing Vietnam an investment license to build a production plant at the Vietnam - Singapore Industrial Park (VSIP) and Industrial Park Complex in Hai Phong.
The company, with total registered capital of US$25 million and charter capital of US$13.75 million, is the second foreign direct investment (FDI) project to be granted a license at VSIP in Hai Phong.
Construction on the plant will begin in April and is scheduled to be completed by the end of this year. There will be a trial production period from January to March 2013 and production will officially begin in April the same year.
The factory will produce a broad range of metal products and equipment such as medical instruments, telecommunications products and electronics.