$40m factory to produce plastic lids
TAY NINH — Ngoc Nghia Industry, Service and Trading Co yesterday received approval from the Tay Ninh Economic Zones Management Board to develop a VND839 billion (about US$40 million) factory producing plastic lids in the province.
Covering in a total area of above 8,400sq.m in the provincial Linh Trung Industrial and Processing Zone, the factory will open its doors in 2015, providing 2 billion products each year.
As of May, Tay Ninh Province had attracted 206 foreign-invested projects worth a total of $1.43 billion. Of the total, 167 are already operational. It also granted business certificates to 3,157 domestic companies with a total registered capital of over VND17 trillion ($813 million).-VNS