Binh Dinh Invest

Two first projects granted investment certificates in June 2021

04/06/2021

On June 1, 2021, the Provincial People's Committee approved the investment policy and the investor Sinh Phat General Co., Ltd. to invest in the Foundry of metal castings at Tan Duc Industrial Cluster, Nhon My commune, An Nhon town.

Illustration of a foundry

The project will be constructed on an area of 3,498.6 m2, with an investment of VND 3.5 billion. The project’s objective is to produce manhole covers and fishing nets with a capacity of 320 tons of products/year. The project's input materials are steel, cast iron and raw metal from domestic manufacturing facilities, not recycled materials. It is expected that the will go into operation in the third quarter of 2022.

In addition, on June 2, 2021, Binh Dinh Provincial Economic Zone Administration approved the policy for Phu Loi Hung Limited Company to invest in the project of manufacturing rattan plastic chairs for export. The investment location is at Lot D1.3, Nhon Hoa Industrial Park, An Nhon town.

The project is built on an area of 24,209 m2, with capital of VND 57.1 billion. The project's objective is to manufacture and trade beds, cabinets, tables and chairs woven with rattan plastic with a scale of 80,000 sets of products/year. It is expected that by January 2022, the project will be officially put into operation.

Translated by Le Hien

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