Tay Ninh attracts more than double last year's FDI

Monday, Dec 02, 2013 07:55

Workers at Tay Ninh Rubber Company transport latex to be processed and exported. — VNA/VNS Photo The Thuan
TAY NINH (Biz Hub)— The southern province of Tay Ninh has thus far this year attracted 17 foreign-invested projects capitalised at US$504 million, over doubling the figure saw in the same period one year ago.

According to the Tay Ninh Industrial Zone Authority, the latest addition has brought the number of licensed foreign-invested projects in the province up to 207 with capital exceeding $2 billion.

Of them, 169 have been already operational concentrating in the Trang Bang, Bourbon-An Hoa and Phuoc Dong Boi Loi industrial zones.

The foreign-invested sector have made effective contribution to accelerating the provincial trade turnover, which was expected to reach around $1.85 billion by the year-end, up 17 per cent year-on-year.

Of the total, $900 million would come from industrial zones-based firms.

These additional foreign-invested projects would be granted investment certificates in the last days of 2013. These projects would be a tyre manufacturing plant valued at $400 million, a $98 million fibre producing factory and a $18 million footwear plant.

Earlier in September, the Tay Ninh Province Trade and Investment Promotion Centre has unveiled a list of 12 major projects in which it is seeking investment on a priority basis in the next two years.

They were in sectors like agriculture and animal husbandry, tourism, education, and housing.

Industrial parks in Tan Chau, Tan Bien, Chau Thanh and Duong Minh Chau districts were looking for investors to set up plants to produce bio-fuel, glucose, drugs, and food and industrial chemicals from cassava.

The province was also looking for investment in livestock and poultry farming and meat, milk, and seafood processing except in Hoa Thanh District and Tay Ninh Town.

The province will offer incentives for all the projects, according to the centre. — VNS

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