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A Vietnamese investor will build a consumer goods industry park in the Moscow region

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A Vietnamese investor will build a consumer goods industry park in the Moscow region

The Bank of Investment and Development of Vietnam (BIDV) intends to invest in the construction of a consumer goods production park in the Moscow region.

As BIDV Board member Le Dao Nguen told RIA Novosti, this is one of a number of projects the investor is taking part in on Russian territory. The creation of the consumer goods production park in the Moscow region is a joint project with Ho Chi Minh city. Representatives of Vietnamese businesses dealing with dressmaking and shoemaking will take part in the project.
A customs store is also planned for the park. The construction will start in 2016. The plants are to be ready in 2017. 200–500 hectares will be developed during the first stage. The investment will be between $200m and $300m.

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