Japanese investors pour fund in Da Nang manufacturing and hotel projects

Yamato Sewing Machine Manufacturing company from Japan plans to build a factory in Da Nang Hi-Tech Park providing sewing machines, spare parts and accessories as well as automotive equipment in sewing industry.

The city’s investment promotion agency (IPA) confirmed to Viet Nam News that the firm is the third Japanese investor at the park.

It said Yamato will soon commence construction of the project on 2.85ha with total investment of US$28 million.

Yamato has had representative offices in Ha Noi and HCM City from 2007.

The 1,010-ha park in Hoa Vang District, 20km west of the city, attracted six projects valued at $180 million from two Japanese and four domestic investors between 2012-16.

According to the IPA, two Japanese companies – Mikazuki and Katsuura – will start construction of a complex of hotel, entertainment and beach resort on 24.5ha in Lien Chieu District with total capital of $110 million next year.

Japan is the second largest investor in Da Nang with 134 projects worth $598 million.

Source: Bizhub

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