Quang Ninh welcomes more Japanese investors in processing and manufacturing industry

The Parts Seiko Vietnam Co., Ltd. is the second Japanese investor to Amata Group's Song Khoai Industrial Park in Quang Ninh. (Photo: baodautu.vn)

On July 6, the Song Khoai Industrial Park welcomed the second Japanese investor. Specifically, the Seiko Vietnam Parts Co., Ltd. has been granted an investment registration certificate by the Quang Ninh Economic Zone Management Board to carry out the project of building a factory for manufacturing, processing, assembling and trading metal products. The project is implemented on an area of 1 hectare, with an investment capital of USD10 million.

In early 2024, the factory will begin construction and is expected to go into production in the third quarter of the same year, with the total capacity of 40.5 tons per year. The products will be exported mainly to Japan and Asian countries.

According to Mr. Nguyen Van Nhan, General Director of Amata Ha Long Urban Joint Stock Company (Amata Group), the infrastructure investor of the Song Khoai Industrial Park, the choice and trust of Japanese and many foreign investors in the Song Khoai Industrial Park comes from many factors, with the most outstanding being the companionship of local authorities at all levels, as well as the strategic location and attractive tax incentives of Quang Yen coastal economic zone.

Since the beginning of 2023, 5 investors have been granted investment registration certificates for 24 hectares of land in the Song Khoai Industrial Park, with a total capital of over USD435 million. Up to now, the Song Khoai Industrial Park has attracted 9 secondary investment projects, with a total registered investment capital of nearly USD1.8 billion on 84 hectares of leased land.

With a positive forecast of the current capital flow prospect, Amata Group expects to attract over USD1.2 billion for more than 14 investment projects in 2023 in the Song Khoai Industrial Park./.