The People's Committee of Hai Duong province has just decided to approve the investment policy and investor Ya Wan Hong Industrial (HK) Limited (Hong Kong, China) to implement the Packaging Production and Printing Factory Project at Nghia An Industrial Cluster in Ninh Giang District, Hai Duong Province.
Packaging Production and Printing Factory Project in Nghia An Industrial Park The total investment capital of the project is nearly 380.6 billion VND, equivalent to 15 million USD. Of which, the investor's contributed capital is nearly 114.6 billion VND (about 4.5 million USD), accounting for 30.1% of the investment capital. The mobilized capital is 266 billion VND (equivalent to 10.5 million USD), accounting for 69.9% of the investment capital.
The total area of the project is 34,036m2 of land in Nghia An Industrial Park (Ninh Giang), on the land that Hai Duong Provincial People's Committee previously leased to Babeeni Vietnam Co., Ltd. to implement the Export Garment and Embroidery Factory Project. Currently, Babeeni Vietnam Co., Ltd. has no need to continue the project and has decided to terminate the project, return the leased land area; at the same time, transfer all assets attached to the land at the above leased land to the investor Ya Wan Hong Industrial (HK) Limited.
Factory producing and processing packaging and finished paper products; producing and processing plastic toys; producing and processing paper and fabric toys
It is expected that each year, the factory will produce, process and print about 6 million packaging products; 2.5 million plastic toy products; 4 million paper toy products; and 1.5 million fabric toy products.
For the investor Ya Wan Hong Industrial (HK) Limited, the People's Committee of Hai Duong province requires that the investor be responsible for implementing the project in strict compliance with the legal provisions on investment, construction, tax, land, environment, fire prevention and fighting and related laws; be subject to inspection and supervision by State agencies during the project implementation process. Carry out the registration procedure for granting a user account on the National Information System on Foreign Investment and the periodic reporting regime in accordance with the law.
