Japanese firm Zeon to build plant
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The management board of the Hai Phong Economic Zone has granted an investment certificate to Japanese-invested Zeon Manufacturing Ltd Vietnam Company to build a facility in the VSIP Hai Phong Township and Industrial Park Complex.
This is the second foreign direct investment project that has been granted an investment certificate in Vietnam - Singapore Industrial Park (VSIP) Hai Phong. It has a total registered capital of US$25 million and a charter capital of $13.75 million.
The company will begin constructing the plant in April and complete it by the end of this year. It will have a trial production period from January to March 2013 and will officially begin production in April 2013.
The factory will produce a wide range of metal products and equipment including medical instruments, telecom products and electronic items.