Thursday, October 27 2016


Hue attracts lots of investment

Update: July, 08/2015 - 10:02

Clothes being produced at Hue Textile Garment Company at Phu Bai Industrial Zone in Thua Thien Hue Province. The province drew investments worth more than VND2.8 trillion (US$128.4 million) to its industrial zones during the past six months. — VNA/VNS Photo Danh Lam

THUA THIEN-HUE (VNS) — The central province of Thua Thien-Hue drew invest-ments worth more than VND2.8 trillion (US$128.4 million) to industrial zones in the past six months.

This is equivalent to 112 per cent of the yearly target.

Industrial zones in the province have so far attracted 97 investment projects, including 23 foreign-invested projects, with total investment capital of over VND22 trillion ($1.01 billion).

The positive results can be attributed to the province's investment attraction activities, including the conferences to promote investments in industrial zones that was held at some southern localities in late May this year, with the participation of businesses, associations, and potential investors in HCM City, Dong Nai, Binh Duong, and Ba Ria-Vung Tau.

One of the key industrial zones is Phu Bai IZ, where Baosteel Can Making Hue Ltd. Co.'s plant with a capacity to produce 700 million steel cans per year was inaugurated recently. The 5.6-ha project has $74.8 million total capital. It is expected to be put into operation by April next year.

Businesses at industrial zones in the province have been operating effectively, creating a wide range of products in sectors such as food, cement, garments and textiles, as well as agro-forestry and fisheries processing.

In the first six months of this year, businesses at industrial zones recorded a total revenue of more than VND7.3 trillion ($334.8 million), a year-on-year increase of 31.4 per cent. Their export value reached more than $238 million, up 30 per cent. — VNS

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