HÀ NỘI — The People’s Committee of the central Bình Định Province licensed an investment certificate to Japan-based Marubeni Lumber Co Ltd to invest in a project worth US$5 million during a ceremony held on Monday. Once completed, the project will provide wood and wood products for export, such as industrial wooden goods and wooden furniture. The project is expected to help increase export volume for Bình Định Province, contributing to the growth of the province’s wood processing industry, creating jobs for more than 200 labourers and stabilising the province’s social welfare. Marubeni Lumber Co Ltd plans to raise the project’s investment capital to $20 million in phase two. In February alone, Bình Định has, so far, granted investment certificates for two FDI projects.

Source: Viet Nam News February 14, 2017 09:15 UTC