The Japanese Terumo Medical Corporation has been granted an investment license for its building of a medical equipment manufacturing factory in Long Duc Industrial Park in southern Dong Nai province.
Covering an area of 10ha, the $98.9 million factory is expected to open its doors in the second quarter of 2015.
The factory will mainly produce products for blood preservation, with the aim of developing its market in Southeast Asia, Europe and America.
This is the second Terumo-invested project in Vietnam, after the $19.5 million medical equipment factory in Hanoi, which has been put into operation.
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