(QNO) - An investment Memorandum of Understanding (MoU) on building an electric vacuum-pump brake booster factory in Thuan Yen Industrial Park was signed by Tam Ky city People’s Committee and South Korean Seba company’s leaders on August 12th.
|The investment MoU signed|
The MoU includes some clauses such as 50-year lease of land; deadlines for investment procedures concerning setting up their company in Viet Nam, investment certificate and land lease. The factory (over 20,000m2 with 50 million USD) will be built in 2017 and expectedly put into operation by the end of 2018.
By LAN NGUYEN