TOTO Group to Invest in Vinh Phuc Industrial Park

Mr. Bui Minh Hong, Director of Vinh Phuc Industrial Parks Authority, hosted a meeting with Mr. Suzuki Hiroyuki, General Director of TOTO Vietnam Co., Ltd and representative officers from TOTO Group (Japan).

The host expressed his pleasure to welcome representatives of TOTO Group to work and register investment projects in industrial parks of Vinh Phuc province.

Mr. Suzuki Hiroyuki said TOTO registered to invest US$100 million in a wholly foreign-invested faucet and sanitaryware production factory in Thang Long Vinh Phuc Industrial Park. The plant will make 600,000 products a year, employ 1,300 workers and pay VND20 billion of tax to the State coffers.

He asked the Vinh Phuc Industrial Parks Authority to assist the project to get the investment license soon.

Mr. Bui Minh Hong affirmed that Vinh Phuc Industrial Parks Authority will always support the company to obtain the investment registration certificate to launch the project soon.

By Thanh Loan, Vietnam Business Forum