Updates
on what's new and who's new in IZ Danang.
Stay
updated
on policies and guidelines, & keep an eye
on any developments
by new and existing investors.
On March
2000, Vietnamese officials and MASSDA representatives witnessed the auspicious
groundbreaking ceremony of Lilian Body Fashion Industry Vietnam Co., Ltd.
The company was established in 1 January 2000 with an initial investment of
USD1 million. Targeting the European market, the company is 100% export-driven
and uses local and imported raw materials in its wide range of quality ladies
fashion undergarments and children's wear. The company, which currently employs
400 workers and operates under Malaysian expertise and management, is expected
to begin operations by July 2000.
IZ
Danang was originally developed as an export-processing zone but its status
has been changed to that of an industrial zone in May 1997. With this new status,
investors are given the flexibility to invest in either one of its two zones:
a)
The Export Processing Zone:
A developed area with infrastructure and pre-planned sites dedicated primarily
for the production of goods for export.
b)
Industrial Zone:
A developed area with infrastructure and pre-planned sites to accommodate factories
and support services for small, medium and large-scale enterprises. Allows the
flexibility for the production of goods for export as well as domestic market.
IZ
Danang Updates & News
Profile
of other investor companies in IZ Danang:
a) Sinaran
Vietnam Co., Ltd.
Date established: September 1994.
Business: Manufacturing various kinds of candle for art decoration and religious
purposes.
Legal capital: 100% Foreign invested capital
(1995: USD3.1 million, 2000: 6.4 million).
Export market: Japan, Malaysia, USA.
Employment: 1995:200workers, 2000:380 workers.
b)
Safety Goods Manufacturing Co., Ltd.
Date established: July 1999.
Business: Manufacturing all kinds of gloves and working safety goods for export.
Legal capital: USD600,000 (Italian:70%, Viet: 30%).
Export market: EU, North Europe, USA. Employment: 1999:70 workers, 2000:120
workers.
c)
Thien Phuc Manufacturing and Trading Co., Ltd.
Date established: January 2000.
Business: Manufacturing carton boxes for packaging.
Legal capital: USD 150,000.
Employment: 50 workers.
