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Recently, South Korean paint manufacturer Gangnam Zaifu announced that the company has signed a memorandum of understanding with the Technology Development and Commercialization Promotion Center under the Ministry of Science and Technology of Vietnam, aiming to support each other's business, exchange of information and the development of functional paint products.
Previously, in July 2017, Jiangnan Zaifu opened a factory in Mae Phuoc Industrial Park, An Giang Province in southeastern Vietnam to produce powder coatings for household appliances, as well as industrial and architectural coatings, with an annual production capacity of about 2,000 tons