Yacht Expert Reparis, owned by a Vietnamese Canadian businessperson, will invest approximately US$1 million in producing yachts in Ho Chi Minh City.

The announcement was made during a recent meeting between Yacht Expert Reparis and the HCM City International Trade Promotion Centre (ITPC).

Currently, Yacht Expert Reparis and ITPC have conducted investigation tours of some industrial zones in HCM City to select a suitable location for their investment.

As planned, Yacht Expert Reparis will carry out the project later this year.