US$188 mln invested in VSIP Quang Ngai

  • September 10, 2014

(VOV) - The Quang Ngai-based Vietnam-Singapore Industrial Park (VSIP) has attracted 8 Foreign Direct Investment (FDI) projects with totalling US$188 million as of September 2014.

Three licensed projects include a US$35 million food processing factory by the Philippines’ URC Central Company, a US$38 million fabric textile factory by Xindadong Textiles Printing and Dyeing Company of China and a US$30 million footwear factory by the UK’s King Riches Vietnam Company.

Procedures for setting up businesses and running investments under five projects are underway. These projects invested by Philippine, Hong Kong and Korean businesses focus on the processing industry, footwear, garments and textiles with total registered capital of US$85 million.

Construction of the Quang Ngai VSIP commenced on September 13, 2013. During the first stage, the industrial park covers an area of 458 hectares, including an industrial park (408 hectares) and a complex service area (50 hectares) at a total cost of US$125 million.

Source:  VOV


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