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Hyosung, to invest in Vũng Tàu , Vietnam
Sat 19, 2016
HÀ NỘI — South Korean company Hyosung Corporation has proposed to build polypropylene (PP) factories and a liquid petroleum gas (LPG) storage facility in Bà Rịa-Vũng Tàu Province.
The company recently submitted the proposal to the Bà Rịa-Vũng Tàu industrial zones authority. A source from the Ministry of Industry and Trade (MoIT) said Hyosung Corp wanted to set up the factories and storage facility in Cái Mép Industrial Zone, in Tân Thành District. The firm would make a capital investment of US$1.2 billion, and the two units would occupy a proposed area of 608,910sq.m.
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