Quang Ngai park lures investors

Tuesday, Jul 01, 2014 08:00

Photo thesaigontimes

QUANG NGAI (Biz Hub) — The Viet Nam-Singapore Industrial Park in central Quang Ngai province (VSIP Quang Ngai), has attracted seven investors despite the fact that its construction began just last September.

These projects focus on footwear and garment manufacturing and food processing and are expected to generate jobs for over 11,000 local residents.

Three investors have begun building their factories in the IP with the intention of beginning operations next year. The three projects, worth over US$115 million in total, are funded by the UK's King Riches Viet Nam Co, the Philippines' URC Central Company and the Hebei Xindadong Textiles Printing and Dyeing Co of China.

Meanwhile, the remaining projects are slated to start later this year.

VSIP Quang Ngai is the fifth of its kind in Viet Nam after similar models in Binh Duong, Bac Ninh and Hai Phong.— VNS

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