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VietNamNews

US$2 million to be invested to Tay Ninh

Update: March, 16/2012 - 12:12

HA NOI - A contract was signed yesterday allowing Sopura S.A, the long-standing Belgian chemical company, to be rented out of the 200 ha sport of land in the export processing zone and industrial park III in the southern province of Tay Ninh.

This contract is a long-term foreign investment between Sepzone- Linh Trung Ltd, a company specialising in investing and developing infrastructure of export processing zones and Industrial parks 1, 2 and 3, and the Belgian Sopura S.A.

According to Monique Coppieters, general director of the Belgian company, it will invest about US$2 million in the rented land in order to provide cleaning and sanitising products for the brewing, beverage and food industry and then be exported to Asian and Pacific countries

The plan is expected to begin at the end of this year.

The Export processing zone and Industrial Park III has attracted 67 enterprises and 15,000 laborers to run the businesses. About US$267 million has been invested in the area, said Tay Ninh's authority.

Linh Trung's Export processing zones and industrial parks are a joint venture between Vietnam and China, with a total investment of $55 million for three business infrastructures taking up 300ha of land in industrial areas. The export processing zones and industrial parks 1 and 2 are located in Thu Duc District, Ho Chi Minh City covering about 100 hectares. -- VNS

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