Licence for Nitori Ba Ria - Vung Tau Company to invest in Phu My 3 Industrial Zone
10/11/2015 12:11
The People's Committee of Ba Ria - Vung Tau province has recently given licence for Nitori Ba Ria - Vung Tau Co.,Ltd , a subsidiary of Japan’s Nitori Hoaldings to invest in Phu My 3 Industrial Zone.
Nitori Holdings Co., Ltd. is licensed to develop a US$150 million plant manufacturing wooden furniture. Covering 40ha in Phu My 3 Industrial Zone, the plant will provide 8,000 interior and exterior wooden furniture items and decorations per day. As construction started in 2016 and expectedly in operation in 2017, this plant will create jobs for about 7,000 local workers.
Nitori Holdings Co.,Ltd owns a network of more than 400 furniture stores located in Japan, Taiwan, China and the United State with total sale revenues of USD 3.8 billion per year. The company is also the first Japanese investor in Phu My 3 Industrial Zone.
VDB’s Ba Ria – Vung Tau branch has financed Phu My 3 Industrial Zone with VND1.365 billion from state investment credit./.