Business

Tay Ninh attracts 22 new FDI projects so far this year

The Southwestern province of Tay Ninh has so far this year drawn 22 new foreign-invested projects with a total capital of 115 million USD, according to Deputy Chairman of the provincial People's Committee Nguyen Hong Thanh.

Production at Sailun Vietnam company in Phuoc Dong Industrial Park in Tay Ninh (Photo: VNA)
Production at Sailun Vietnam company in Phuoc Dong Industrial Park in Tay Ninh (Photo: VNA)

Tay Ninh (VNA) - The Southwestern province of Tay Ninh has so far this year drawn 22 new foreign-invested projects with a total capital of 115 million USD, according to Deputy Chairman of the provincial People's Committee Nguyen Hong Thanh.

Thanh said that 143 million USD was poured into 16 ongoing projects in the locality which also drew 15 new domestically invested projects worth over 4.7 trillion VND (188.94 million USD).

The official said that Tay Ninh sent a working group to the Jiangsu (China) - Tay Ninh (Vietnam) Economic and Trade Cooperation Forum in the Chinese province on August 27, during which the Vietnamese locality pledged to provide the best conditions for and support investors.

Tay Ninh is constructing the Moc Bai Economic Zone with industry, urban area, and logistics as key development pillars, aiming to make it an outstanding and dynamic border economic zone of the region and the country. At the same time, the Ho Chi Minh City-Moc Bai Expressway project that is being sped up, the Tay Ninh Airport project, and the construction of roads and industrial parks are expected to create investment opportunities in the locality.

Currently, Tay Ninh has six operating industrial parks with a total area of about 3,500 hectares, nearly 80 of which have been occupied. The province has an industrial land fund of more than 800 hectares, Thanh added.

According to the official, as of August 15, Tay Ninh had hosted 377 valid projects with a total capital of 9.83 billion USD, including 75 Chinese-invested projects worth nearly 5 billion USD./.

VNA
#Tay Ninh #FDI projects #Vietnam News Agency Tay Ninh
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