Hue industrial zones attract $146m in nine months

Monday, Oct 05, 2015 17:05

Thua Thien-Hue province is speeding up work on infrastructure and offer favourable policies to attract more investment in industrial zones. — Photo

THUA THIEN – HUE (Biz Hub) — Companies have invested more than VND3.3 trillion (US$146 million) in industrial zones in the central province of Thua Thien - Hue this year.

The money, invested in eight new projects and 11 existing ones, has taken the total investment in the province's IZs to nearly VND23 trillion ($1.02 billion).

Important among the new ones are Baosteel Can Making Hue Ltd. Co.'s plant with a capacity of 700 million cans a year, which is likely to go on stream in April next year. The 5.6ha facility has an investment of $74.8 million.

The industrial zones management is appraising three other projects for the People's Committee's approval: two garment companies in the Phu Bai IZ with a combined investment of VND627 billion ($27.8 million) and a VND50 billion ($2.2 million) synthetic production plant in the Phu Da IZ.

The province is speeding up work on infrastructure and offering favourable policies in a bid to attract VND2.5-3 trillion ($111-133 million) into IZs this year.

The province has begun construction of the 284ha Phong Dien - Viglacera Industrial Park in Phong Dien District, which will bring the total number of IZs in the province to seven. — VNS

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