WORLD : Taiwan Plans Vietnam Factories
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From Times wire services
TAIPEI, Taiwan — Taiwan is planning with Vietnam to establish an industrial zone of about 60 labor-intensive factories in Vietnam’s Dong Nai province, the chairman of the Sino-Vietnam Industrial and Commercial Assn. said today .
Bernard Joei said the development cost of the project is about $100 million, although he added: “We have not committed that money yet.” The association, which signed with Vietnam a memorandum of agreement on the deal, is a quasi-government body.
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