15:20 | 26/09/2015 Economy
Taiwan-based Kenda Rubber Industrial Co. Ltd plans to invest around US$160 million in building a factory at Giang Dien Industrial Zone (IZ) in Trang Bom district, Dong Nai province.
The Dong Nai IZ management board on September 22 handed over an investment licence to Kenda Vietnam to build a factory to produce car, motorbike and bike rubber tyres.
After it is put into operation, the factory is expected to generate 4,000-5,000 jobs and earn an annual export revenue of US$200-300 million.
It will use rubber materials from Dong Nai and other areas in Vietnam to produce tyres./.