Business

RoK firms wish to pour money into Tay Ninh IPs

A delegation of 12 garment-textile businesses from the Republic of Korea (RoK) on January 27 had a working session with authorities of southern Tay Ninh province to explore the investment climate at local industrial parks.
A delegation of 12 garment-textile businesses from the Republic of Korea(RoK) on January 27 had a working session with authorities of southernTay Ninh province to explore the investment climate at local industrialparks.

The businesses were briefed on investmentopportunities, incentives and regulations at the Thanh Thanh Cong andPhuoc Dong-Boi Loi industrial parks in Trang Bang and Go Dau districts,respectively.

Located nearly 67 km from Saigon andCat Lai ports and 44km from Tan Son Nhat InternationalAirport , the 760ha Thanh Thanh Cong boasts transport advantages inboth road and waterway. So far, it has attracted 13 foreign directinvestment projects worth 118.78 million USD and eight domestic onesworth 650 billion VND (30.2 million USD).

It has also built a system supplying 37,000 cu.m of clean water and another treating 22,000 cu.m of sewage per day.

Meanwhile, the Phuoc Dong – Boi Loi park has so far drew a total of 17investment projects worth 1.5 billion USD, including 15 run by foreignfirms. A system being able to treat 5,000 cu.m of sewage per day hasalso been built here.

Speaking at the workingsession, Chief executive officer of the Kofoti garment-textile companyKim Nam Young revealed that 620 Korean businesses are investing inVietnam with a total capital of over 13 billion USD.

In thecoming time, RoK apparel enterprises will increase investment in theSoutheast Asian country, which boasts abundant and skilled workforce, hesaid.

Vice Chairman of the provincial People’s Committee HuynhVan Quang welcomed RoK businesses to invest in Tay Ninh province,particularly in the garment-textile sector.-VNA
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