Vietnam’s Binh Phuoc Province shares that the chair of its Provincial People’s Committee issued an investment registration certificate to Chinese tyre maker Shandong Haohua Tire on 11 September 2023. As Tyrepress.com reported in July, Haohua intends to invest US$500 million to build a factory in Vietnam capable of producing 12 million semi-steel radial tyres for cars and other light vehicles and 2.4 million all-steel truck radials a year.