Additional 600 million USD poured into Dong Nai (photo:diaoconline.vn)
(VOVworld) - Hyosung Corporation, a conglomerate of the Republic of Korea (RoK), will invest an additional 600 million USD to expand their business in southern Dong Nai province this year, said Executive Director of Hyosung Vietnam Limited Corperation Yoo Sun Hyung.
In preparation for the expansion, Hyosung Vietnam has signed a lease with Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO) on an extra 22.6 hectares of land in Nhon Trach 5 Industrial Zone, bringing its total area to 90.6 hectares.
Hyosung Vietnam has been operating in Dong Nai for over 7 years with a total registered investment of 995 million USD and has become one of the biggest investors in Dong Nai.
In 2014 the company generated over 1 billion USD in revenue and has become a major branch of Hyosung Corporation.