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In the deal, US toy maker Mattel Inc collaborated with Wilson Group Hong Kong to form Billion Max Viet Nam. The firm will build a factory for toy manufacturing in the zone’s tax-free Sai Gon-Chan May area.
The factory is expected to operate next year with the capacity of 20 million items a year, producing items including plastic toys, alarm equipment and outdoor lighting systems.
In the past five months, this province has attracted five FDI projects with total investment of $60 million. It also licensed nine projects invested by domestic investors with the capital of $568 million.
The Chan May-Lang Co economic zone was opened in 2006 by combining the deep seaport of Chan May and the tourism hub of Lang Co. Almost half of the zone’s total area remains empty.