Vietnamese Firms Invest US$17.5 Mln in Binh Long Rubber IZ
Vietnamese companies July 25 broke ground construction of the Minh Hung III-Binh Long Rubber Industrial Park, with total investment of VND289 billion (US$17.5 million), state media said.
Eight companies invested in the park, with the Binh Long Rubber JSC being the biggest.
The park covers more than 291 hectares in Minh Hung commune, Chon Thanh district of southern Binh Phuoc province, including 180 hectares for construction of plants, and 28 hectares for services.
After the ground breading ceremony, DONGWHA group from the Republic of Korea, and the NDFVRG Vietnam signed a contract to invest US$125 million in building a wood mill with total capacity of 300,000 cubic meters a year. (Vietnam Agriculture)
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