HAI PHONG ECONOMIC ZONE AUTHORITY adjusted to increase total investment capital of nearly 70 million USD for the project in Nomura Industrial Park - Hai Phong

On August 26, 8, HAI PHONG ECONOMIC ZONE AUTHORITY issued an adjusted Investment Registration Certificate for the "Automobile parts production project" of investor Toyoda Gosei Co., Ltd. and Toyoda Tsusho Corporation (Japan), certifying the adjustment of the investor's legal representative, increasing the scale and increasing investment capital from nearly 2016 million USD to 75 million USD to implement the project in the Industrial Park. Nomura Industrial Park - Hai Phong, An Duong district, Hai Phong city.

The project is implemented with the goal of producing and exporting all (100%) auto spare parts and components, the main products are airbag components and airbags to protect the safety of drivers and passengers. passengers in cars, car steering wheels covered with leather and polyurethane plastic. The scale of the project is: 25 million types of airbag components and airbags to protect the safety of drivers and passengers in cars/year; 3 million types of leather-covered car steering wheels/year and 450 thousand types of polyurethane-covered car steering wheels/year. The land area used is more than 135.000 m2. The project officially went into operation in October 10. The economic organization implementing the project is Toyoda Gosei Hai Phong Co., Ltd./.

Implementation: Investment Promotion Center