20:34 (GMT +7) - Wednesday 21/03/2018


Constructon of Toyoda Gosei auto parts factory underway

Released at: 23:55, 13/02/2018

Constructon of Toyoda Gosei auto parts factory underway

Photo from hitacom.vn

Thai Binh factory expected to come into operation in 2019.

by Hai Van

Construction of a $24.6-million auto parts factory belonging to the Toyoda Gosei Group at Tien Hai Industrial Zone in northern Thai Binh province got underway in early February, with completion expected in 2019. The company has therefore kept its commitments regarding timely investment.

The factory will specialize in manufacturing airbags and leather steering wheels and all products will be exported to Japan, the US, Europe, and elsewhere.

Toyoda Gosei has 100 factories and offices in 18 countries and regions and has been in Hai Phong city since 2015, where it has more than 3,500 employees.

The Thai Binh factory is expected to employ about 1,500 workers. The company is considering further expansion and believes its projects will contribute to the development of Thai Binh province in particular and Vietnam in general while ensuring jobs and improving workplace skills.

The Tien Hai Industrial Zone has advantages in geographic location as it lies near the coastal expressway connecting the six northern coastal cities and provinces of Hai Phong, Quang Ninh, Thai Binh, Nam Dinh, Ninh Binh, and Thanh Hoa.

Enterprises at the industrial zone can access attractive incentives such as preferential corporate income tax rates, land rental exemptions, import tax incentives, and personal income tax incentives.

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