Tay Ninh attracts $490m in H1 FDI

Trang Bang industrial park attracted 160 projects, with a total investment of $700 million, while the Moc Bai industrial zone got 46 investment projects, with total registered capital at $444 million. — Photo itpc.tayninh.gov.vn

HCM CITY (VNS) — Industrial parks and export processing zones in southern province Tay Ninh attracted over US$490 million of foreign investments in the first six months of this year, up 13.4 per cent annually.

As a result, the province had 231 valid foreign direct investment projects, with total registered capital reaching nearly $3.4 billion as of the end of June.

The province is also home to 361 domestic projects worth VND38 trillion (approximately $1.76 billion).

Chairman of the provincial People's Committee Nguyen Thi Thu Thuy said the province has bolstered foreign investment capital in industrial production and economy.

She reported that local foreign invested businesses posted a combined industrial output value of $631 million in the first six months of 2015, around 48 per cent increase compared with the same period last year.

FDI projects in the province's industrial parks and processing centres have created 93,000 jobs for local workers, as well as those from neighbouring areas.

Source: Vietnamnews