Dong Nai licenses multi-million USD wood-making projects
Investment certificates were granted to two Taiwanese-invested companies with wooden manufacturing projects worth US$65 million in the southern province of Dong Nai on March 4.
Accordingly, the Great Kingdom Giang Dien company, a subsidiary of the Great Veca company from Taiwan ( China ), will spend 50 million USD on a wood-making project in Giang Dien Industrial Park in Trang Bom district.
The company’s representatives said that the project will become operational in April, 2018 with an annual capacity of 2.5 million products, employing about 4,000 workers.
Meanwhile, the other license was given to the Great Kingdom International Corporation Bien Hoa company, in Bien Hoa 1 Industrial Park, to add an investment capital worth US$15 million.
Since the beginning of the year, Dong Nai has attracted US$476 million in foreign direct investment, according to Chairman of the provincial People’s Committee Dinh Quoc Thai.