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| Dong Nai Province has attracted more than $960 million in FDI this year. — Illustrative photo thesaigontimes.vn |
DONG NAI (Biz Hub) — The Dong Nai Industrial Zones Authority has granted an investment licence to Turkey's Hyosung Istanbul Tekstil Ltd. to develop a US$600 million fibre production project in the southern province.
The authority told the local media on April 21 that the Hyosung Dong Nai Company would build its factory in the Nhon Trach 5 Industrial Zone. The facility would process products, such as spandex, nylon and polyester, as well as steel fibres for making tyres, and most of them will be exported.
With this project, Dong Nai had attracted more than $960 million in foreign direct investment this year. — VNS