09:51 | 03/08/2015 Investment
On July 31, a Japanese joint venture unveiled plans to construct a logistics centre to accommodate tenants at the Nhon Trach 3 Industrial Park in Dong Nai Province.
The company is a joint venture comprised of stakeholders Tin Nghia Corporation (contributing 55% of share capital), Japanese Forval Corporation (35% of share capital) and Dong Nai Container Terminal JSC (10% of share capital).
A spokesperson for the venture said it plans to construct warehouses with a total of 182,957 square metres of storage space designed to enhance product delivery to global markets.
The joint venture has an initial pledged capital contribution of US$35.5 million by the stakeholders./.