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Two new FDI projects licensed in HCMC

Released at: 15:25, 25/05/2017

Two new FDI projects licensed in HCMC

Cau Tre Export Goods Processing Joint Stock Company. Photo: cautre.vn

Both projects located at industrial zones, which the local government hopes to support.

by Van Dao

The Ho Chi Minh People’s Committee granted investment licenses to two foreign direct investment (FDI) project on May 24: the Cau Tre Export Goods Processing Joint Stock Company and the Vietnam Paiho Limited Company.

The Cau Tre Export Goods Processing JSC is located on 7 ha at the Hiep Phuoc Industrial Zone, with total investment capital of VND1.2 trillion ($53.3 million). Its two main shareholders are the Saigon Trading Corporation (Satra) and the CJ Cheiljedang Group from South Korea.

The Vietnam Paiho Limited Company is 100 per cent invested by Taiwan’s Paiho Limited Company and located at the Le Minh Xuan Industrial Zone 3. The textiles plant covers a total area of over 8 ha with total investment capital of VND755 billion ($34 million).

The licensing expresses the People’s Committee’s desire to support and attract foreign investors to the city’s industrial zones.

The city now has 533 FDI projects with total investment of $5.4 billion at its industrial zones.

The Cau Tre Export Goods Processing JSC was established in 1982 and focuses on processing seafood and agricultural products for sale to supermarkets and dealers. Products are also exported to countries such as Japan, South Korea, Taiwan, Hong Kong, Germany, Italy, Switzerland, the Netherlands, Spain, Portugal, and Canada.

The Vietnam Paiho Limited Company belongs to the Paiho Group, which has a head office in Taiwan, with the Vietnamese company serving customers in Southeast Asia.

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