Chinese firm invests 500 million USD in tire production in Binh Phuoc

  • The Chinese company’s Chairman Wang Keqiang speaks at the event. VNA Photo: Sỹ Tuyên
    The Chinese company’s Chairman Wang Keqiang speaks at the event. VNA Photo: Sỹ Tuyên
  • The Binh Phuoc People’s Committee on September 11 grants an investment registration certificate to China’s Shandong Haohua Tire Co. Ltd., allowing it to build a 500-million-USD tire manufacturing factory in the southern province. VNA Photo: Sỹ Tuyên
    The Binh Phuoc People’s Committee on September 11 grants an investment registration certificate to China’s Shandong Haohua Tire Co. Ltd., allowing it to build a 500-million-USD tire manufacturing factory in the southern province. VNA Photo: Sỹ Tuyên
  • Chairwoman of the Binh Phuoc province's People’s Committee Tran Tue Hien speaks at the ceremony. VNA Photo: Sỹ Tuyên
    Chairwoman of the Binh Phuoc province's People’s Committee Tran Tue Hien speaks at the ceremony. VNA Photo: Sỹ Tuyên
  • Chairman Wang Keqiang of the China’s Shandong Haohua Tire Co. Ltd. speaks at the ceremony. VNA Photo: Sỹ Tuyên
    Chairman Wang Keqiang of the China’s Shandong Haohua Tire Co. Ltd. speaks at the ceremony. VNA Photo: Sỹ Tuyên
  • Chairwoman of the Binh Phuoc province's People’s Committee Tran Tue Hien grants the investment registration certificate to Chairman Wang Keqiang of the China’s Shandong Haohua Tire Co. Ltd. VNA Photo: Sỹ Tuyên
    Chairwoman of the Binh Phuoc province's People’s Committee Tran Tue Hien grants the investment registration certificate to Chairman Wang Keqiang of the China’s Shandong Haohua Tire Co. Ltd. VNA Photo: Sỹ Tuyên
The Binh Phuoc People’s Committee on September 11 granted an investment registration certificate to China’s Shandong Haohua Tire Co. Ltd., allowing it to build a 500-million-USD tire manufacturing factory in the southern province. This is the biggest ever foreign direct investment (FDI) project in Binh Phuoc. The factory, located at Minh Hung SIKICO industrial park, is expected to be put into operation in the third quarter of 2025. The Chinese company’s Chairman Wang Keqiang said that the factory will be capable of producing 14.4 million tire sets worth 770 million USD a year. VNA Photo: Sỹ Tuyên

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