Vietnam, May 12 -- Sumitomo Corporation has obtained a development permit from Thanh Hoa Province, Vietnam, and will proceed with the development of a new industrial park (hereinafter "the industrial park").The industrial park will be the first phase of the development of industrial land (approximately 650 hectares) in Thanh Hoa Province, as part of mixed-use urban development planned in the region. Sumitomo Corporation's extensive track record in industrial park projects and diverse business capabilities were highly evaluated by the government, leading to the investment approval and development launch. This will be the first industrial park to be developed by a Japanese company in Vietnam's north-central region. The total project cost is a...