Trang Bang Industrial Park Sees 7 FDI Projects

Trang Bang Industrial Park Sees 7 FDI Projects

Tay Ninh People’s Committee has since early May licensed seven foreign direct invested (FDI) projects into the Trang Bang Industrial Park with total investment of more than US$11.2 million.

They include one US-invested project with total registered capital of US$500,000, one Malaysian-invested project with investment of US$1 million and five South Korean-invested projects with investments ranging from US$400,000 to US$2 million. Almost all the projects invested in are engineering, garment-textiles, ceramics and cable production industries, with 100 per cent of their output being for export.

After five years in operation, Trang Bang Industrial Park has attracted 82 FDI projects, with total investment of US$121 million. 41 projects have become operational, employing more than 9,700 local labourers.

• M.N