Tay Ninh attracts $180 million in investment

TAY NINH (Biz Hub) — Late last week, the People’s Committee of southern Tay Ninh Province granted licences to two new foreign invested projects worth US$80 million.

The first project is a $60 million textile and garment project, financed by Hong Kong’s S Power Limited Co in the Thanh Thanh Cong Industrial Zone (IZ), while the second is a $20 million – wood production project, developed by Chinese Kangda Viet Nam Co in Linh Trung 3 IZ.

The committee also allowed the Sailun Jinyu Group from China to add $100 million to its existing tire production operation in Phuoc Dong-Boi Loi IZ.

Addressing the licensing event, committee chairman Pham Van Tan vowed to create the most favourable conditions for the investors to carry out their projects, while calling for more domestic and foreign firms to invest in the locality. — VNS

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