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Home » News » Hailiang Group Invested Large Projects in Vietnam

Hailiang Group Invested Large Projects in Vietnam

author: Jeawin   time: 2014-08-11 16:13   hits: 1406

Besides foreign trade enterprises, the reporters also learned that Zhuji had some alloy steel pipe enterprises with clairvoyance several years ago, which were ready to invest in setting up plants or market in Vietnam and other places in view of industrial gradient shift, then whether the crisis affected them? 
  
It was known that Zhuji Hailiang Group had two significant investments in Vietnam. At the end of last year, Zhuji Hailiang Group Co., ltd. and other enterprises jointly invested the Vietnam "Longjiang Economic and Trade Cooperation Zones in China". The foreign economic and trade cooperation zone covers an area of 6 square kilometers, whose investment is $100 million. The project is the largest of four overseas economic and trade cooperation zone areas in Zhejiang province. Other data shows that, in March this year, the "Hailiang shares," board of directors passed a resolution which planned to invest $40 million to set up Hailiang (Vietnam) Copper Co., LTD in Vietnam Qianjiang province. The main construction project is 71,000 tons high-grade copper alloy tube project for annual output. And the total investment of the project is $47.18 million. The construction cycle is one year in order to extend of therelocation, reconstruction and expansion projects. 

Hailiang’s expectation of building cooperation zones in Vietnam and setting up a production base is restricted by the land, the decrease of export tax rebate, processing trade, the new policy and the national macroeconomic regulation. Enterprises development is restricted with the bottleneck, urging to expand the development space of "going out"." Hailiang" announces that the project is in the stage of deepening economic reform in Vietnam with the advantage of land, labor, and other aspects of comparative advantages. Local tax policy for our country is more preferential. Carrying out overseas investment in Vietnam is advantageous to the company continuing to enjoy the relevant preferential policies.


Hailiang Group Invested Large Projects In Vietnam