Granting the investment certificate for Vietnam Marubeni Lumber Company Ltd.

On the afternoon of February 13, 2017, Binh Dinh People’s Committee granted the investment certificate for Vietnam Marubeni Lumber Company. The meeting was attended by Mr. Nguyen Thanh Tung, Member of the Central Party Committee, Secretary of the Party Committee, Chairman of Binh Dinh People’s Council; Mr. Ho Quoc Dung, Chairman of Binh Dinh People’s Committee, Mr. Phan Cao Thang, Vice Chairman of Binh Dinh People’s Committee and leading representatives of related departments, agencies of the province.

The signing ceremony for land lease between Sai Gon – Nhon Hoi Industrial Park Joint Stock Company and the investor.

For the investor’s side, there were leaders of Japan Marubeni Lumber Corporation, Vietnam Marubeni Lumber Company Ltd., Mr. Hitoshi Kato, Chairman of Kato Group (Japan) – a member of the Advisory Council for Binh Dinh Socio-Economic Development.

Vietnam Marubeni Lumber Company Ltd. has 100% foreign capital, belonging to Japan Marubeni Lumber Corporation. The company will be constructed in Nhon Hoi Industrial Park – Zone A, Nhon Hoi Economic Zone. The first-phase investment capital is 5 million USD, covering on an area of 10 ha and within 50 years.

The project will be implemented in the second quarter of 2017 and fully put into operation in the second quarter of 2018. The main products of this project include: industrial wood, indoor furniture, wood processing and products from wood, wood essential oil production and some luxury wood products to be consumed within the country and for export. The company will create more than 200 job opportunities.

Moreover, Sai Gon – Nhon Hoi Industrial Park Joint Stock Company – the infrastructure investor in Nhon Hoi Idustrial Park – Zone A signed the contract for land lease with Vietnam Marubeni Lumber Company Ltd. Accordingly, the leader of Binh Dinh Department of Planning and Investment granted the business registration certificate for Vietnam Marubeni Lumber Company Ltd.

Secretary of Binh Dinh Party Committee Nguyen Thanh Tung and Chairman of Binh Dinh People’s Committee Ho Quoc Dung expressed their thanks to Mr. Hitoshi Kato for recommending Japanese investors to seek investment opportunities in Binh Dinh; at the same time, committed to accompanying and creating favorable conditions for the project implementation and operation effectively.

Thang Nguyen (Source: XUÂN NGUYÊN)

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