Chinese company builds medicinal food factory in Hai Duong

Hai Duong (VNA) - China 's Tianshi Vietnam Co, Ltd, on November 9 kicked
off construction of a medicinal food and cosmetics factory in northern Hai
Duong province.

The 30,000 sq.m factory, which is China 's first FDI project
implemented at the Dai An Industrial Park, will be built at a cost of 1.5
million USD.

Once completed in May 2009, the factory will turn out 582,000 packs of
medicinal food and 24,000 packs of cosmetics annually, bringing in a monthly
revenue of 3.6 million USD.

About 60 percent of its products will be provided for the local market while
the remainder for export.

Hai Duong province is home to 187 FDI projects of 21 countries and
territories with a total registered investment capital of nearly 2.2 billion
USD. The 664-ha Dai An IP alone has attracted a total investment capital of
437 million USD with 250 million USD already disbursed.-Enditem