New Zealand conglomerate Zuru plans $400 mln investment in southern Vietnam
New Zealand firm Zuru plans to invest $400 million in a factory making prefabricated houses and a seaport in the Mekong Delta province of Soc Trang.
A delegation from the firm delivered the project proposal to Soc Trang authorities at a Tuesday meeting.
Lam Van Man (center, left), Secretary of the Soc Trang Party Committee, and Soc Trang Chairman Lam Hoang Nghiep (center, right), meet with a delegation from New Zealand firm Zuru in the Mekong Delta province, December 19, 2023. Photo courtesy of Soc Trang TV.
The delegation said it plans to implement the project on an area of 150-200 hectares, with the seaport able to receive 50,000 deadweight tonnage (DWT) ships.
Soc Trang Vice Chairman Lam Hoang Nghiep asked relevant agencies to cooperate with Zuru in surveying sites for the project.
Zuru is most well-known for Zuru Toy, its toy-making branch with a daily output of 600,000 toys and distribution to 120 countries.
Zuru Edge, its consumer goods branch, manufactures products for pet care, baby care, personal care & beauty, homecare and health & wellness.
Zuru Tech, the construction branch, develops architectural design and manufacturing software BIM (Building Information Modeling), enabling state-of-the-art and fully automated robotic production plants.
As of November 20, Soc Trang had attracted 17 valid foreign direct investment (FDI) projects with a total registered capital of $431.9 million, ranking it 49th among 63 localities in the country, according to the Ministry of Planning and Investment.
- Related News
- Read More
Vietnam's SHB bank okayed to expand charter capital to $1.76 bln
Saigon-Hanoi Bank (SHB) has received approval from Vietnam's central bank to raise its charter capital to VND45.942 trillion ($1.76 billion) after issuing a 13% share dividend, maintaining its position among the Top 5 largest private banks in Vietnam.
Banking - Tue, July 22, 2025 | 12:45 pm GMT+7
Update of typhoon Wipha in northern Vietnam
The cloud area north of the typhoon Wipha is moving into Hanoi, continuing to form and develop, causing rain in many suburban areas.
Society - Tue, July 22, 2025 | 10:18 am GMT+7
Vietnam’s BCG Energy aims for green energy comeback
BCG Energy JSC (UPCoM: BGE), a subsidiary of Vietnam's multi-sector corporation Bamboo Capital, plans to hold its 2025 AGM on August 14, staying ready for a comeback to the green energy race.
Companies - Tue, July 22, 2025 | 9:54 am GMT+7
Vietnam’s benchmark VN-Index expected to surpass historical highs after correction: expert
The VN-Index, representing the Ho Chi Minh Stock Exchange (HoSE), will establish a new base and potentially break through its historical peaks after a correction phase, said Tran Hoang Son, director of market strategy at VPBank Securities (VPBankS).
Finance - Tue, July 22, 2025 | 9:07 am GMT+7
Passion fruit, banana, pineapple, coconut could be Vietnam's next billion-dollar exports
Passion fruit, banana, pineapple, and coconut are emerging as Vietnam’s next billion-dollar export items, offering strong potential to diversify the country’s fruit and vegetable sector, experts told a recent forum held in Ho Chi Minh City.
Companies - Tue, July 22, 2025 | 8:53 am GMT+7
Keppel Land to entirely divest from Nam Long after a decade of being strategic shareholder
Ibeworth Pte Ltd, a company under Singapore's Keppel Land, on Monday announced that it will sell over 29.4 million Nam Long Group (HoSE: NLG) shares to restructure its portfolio.
Companies - Mon, July 21, 2025 | 11:24 pm GMT+7
Vietcomank proposes not to pay taxes on behalf of foreign entities without physical presence in Vietnam
Vietcombank, one of the Big 4 Vietnamese banks, has proposed removing a regulation that requires commercial banks to withhold and pay taxes on behalf of foreign organizations and individuals that earn income from commercial activities in Vietnam but do not have physical presence in the country.
Finance - Mon, July 21, 2025 | 8:54 pm GMT+7
Typhoon Wipha approaches Vietnam's coast, expected to trigger torrential rains, landslides
Typhoon Wipha, the third storm this year in Vietnam, is forecast to make landfall along the coast from Hai Phong city to Thanh Hoa province on Tuesday, bringing extreme rainfall to northeastern provinces as well as the mountainous regions of Thanh Hoa, Nghe An, and Ha Tinh.
Society - Mon, July 21, 2025 | 5:06 pm GMT+7
Vietnam's personal income tax brackets proposed to decrease from 7 to 5
Vietnam’s Ministry of Finance (MoF) has proposed reducing the number of personal income tax brackets from seven to five, while widening the income ranges for each bracket.
Finance - Mon, July 21, 2025 | 4:11 pm GMT+7
Vietnam's leading broker SSI appoints 37-year-old CEO
Chairman of SSI Securities Nguyen Duy Hung has called the appointment of Nguyen Duc Thong as new CEO "a strategic move aimed at propelling the company into a new phase of breakthrough development".
Companies - Mon, July 21, 2025 | 2:21 pm GMT+7
Vietnam fertilizer major PVFCCo approves massive bonus share issuance
After finalizing the record date for a 15% cash dividend, Petrovietnam Fertilizer and Chemicals Corporation (PVFCCo or Phu My Fertilizer), a subsidiary of state-owned Petrovietnam, will issue bonus shares at a striking rate of 73.74% on August 8.
Companies - Mon, July 21, 2025 | 12:37 pm GMT+7
New apartments under $2,300 per sqm gradually disappear in Vietnam
New apartments priced under VND40 million ($1,530) per square meter have completely disappeared from the markets of major Vietnamese cities in recent years, and now those below VND60 million ($2,295) are almost non-existent.
Real Estate - Mon, July 21, 2025 | 11:43 am GMT+7
Storm Wipha nears northern Vietnam with heavy rain, strong winds and flood risk
Tropical Storm Wipha (Storm No. 3) is closing in on northern Vietnam after entering mainland southern China early Sunday, bringing heavy rains, strong winds, and heightened risks of flash floods and landslides across large parts of the country.
Society - Mon, July 21, 2025 | 11:15 am GMT+7
Motorbike 'king' Honda and the race towards electric two-wheelers
Dominating Vietnam’s gasoline-powered motorbike market with a 83% share, Japan’s Honda - long considered the "king of motorbikes" - appears to be lagging in the electric motorbike race.
Companies - Mon, July 21, 2025 | 8:00 am GMT+7
Vietnam's pharma major Imexpharm sees profit surge on OTC sales recovery
Imexpharm Pharmaceutical JSC (IMP) has reported a strong profit rebound in the second quarter of 2025, driven mainly by a resurgence in the over-the-counter (OTC) sales channel, following a subdued period during 2023-2024.
Companies - Sun, July 20, 2025 | 2:32 pm GMT+7
SCG-backed $5.4 bln petrochemical complex in southern Vietnam set to restart operations in August
The $5.4 billion Long Son Petrochemicals Complex, located in Long Son commune, Ho Chi Minh City, is expected to resume full operations this August after a period of temporary suspension due to market fluctuations.
Industries - Sun, July 20, 2025 | 10:07 am GMT+7
