Korean and UK firms granted investment certificates
(VOV) - Chairman of the Ho Chi Minh City People’s Committee Le Hoang Quan on January 14 granted investment certificates to Korean-invested Nobland Vietnam and Worldon Vietnam of the UK.
With the certificate, Nobland Vietnam will increase its investment from US$43 million to US$61 million, said Director General Kim Chung Kuk.
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Meanwhile, Worldon Vietnam will build a fashion design centre and a factory on an area of 52ha to produce high-quality garment products. The company will build houses on 7 hectare for workers in Dong Nam industrial park (IP) in Hoa Phu commune, Cu Chi district with an estimated cost of US$300 million.
Nobland Vietnam was established at Tan Thoi Hiep IP in 2002 with an investment capital of US$3 million. From a plant with 15 production chains at the beginning, the company now has three factories with 120 production chains.