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.
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.