First 4 Japanese projects of the year licenced in Da Nang

Published:  11:05 Wednesday - January 19, 2011

First 4 Japanese projects of the year licenced in Da Nang

Four projects from Japanese companies Oishi, Amagasaki Seikan, Inoue Ribbon and Fukui Denka Koygo were licenced by the Da Nang City Municipal People’s Committee on January 18.

These projects are located in an area of 5ha in Hoa Khanh Industrial Zone (IZ) with a total initial capital of US$15 million.

They all belong to Morito Group involved in producing and supplying garment parts to famous fashion companies such as Adidas, Nike and Gucci.

Since early 2011, Da Nang has seen 55 Japanese companies operating in 6 IZs with an estimated capitalization of US$300 million and creating over 15,000 jobs for workers.

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