Long An’s Tan Duc IP opens 2nd phase

The goal is to create a more attractive investment environment.

A representative of Tan Duc Investment Joint Stock Company, investor of Tan Duc IP, said in the second phase, Tan Duc IP is focusing on attracting investment for environmental friendly industries using advanced technology, giving top priority for investment from large corporations.

There are currently some firms and corporations already investing in Tan Duc IP’s second phase. US-based Trillions Group, a major partner of Adidas and Nike, has started construction of a plant with investment of US$6 million. The group also plans to invest in another complex project covering some 30ha, with investment rising up to $250 million, and is expected to operating in the field of textiles and dyeing industry.

Tan Duc IP’s phase one was built in 2010, spanning an area of over 273ha. To date, it has drawn 136 domestic and foreign enterprises investing and implementing projects with total capital of more than $170 million in domestic investment and nearly $200 million in foreign investment.

There are currently 126 businesses operating in Tan Duc IP’s phase one, creating jobs for more than 10,000 employees, of which some 60 per cent are local employees.

Source: VNS