Japanese investors pour fund in Da Nang projects
Yamato Sewing Machine Manufacturing Company from Japan plans to build a factory in Da Nang Hi-Tech Park providing sewing machines, spare parts and accessories as well as automotive equipment in sewing industry.
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It said Yamato will soon commence construction of the project on 2.85ha with total investment of US$28 million.
Yamato has had representative offices in Hanoi and Ho Chi Minh City from 2007.
The 1,010-ha park in Haa Vang district, 20km west of the city, attracted six projects valued at US$180 million from two Japanese and four domestic investors between 2012-16.
According to the IPA, two Japanese companies – Mikazuki and Katsuura – will start construction of a complex of hotel, entertainment and beach resort on 24.5ha in Lien Chieu district with total capital of US$110 million next year.
Japan is the second largest investor in Da Nang with 134 projects worth US$598 million.