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Foreign investment drawn to Tay Ninh industries

Update: June, 25/2014 - 08:54

Tay Ninh, one of the largest destinations for FDI, has 217 foreign invested projects with a combined capital of $2.4 billion. — Photo taniza.vn

TAY NINH (VNS) — So far this year, the southern province of Tay Ninh has attracted US$432.3 million in foreign direct investment, 2.6 times the figure for the same period last year.

Of the total, new investment accounts for nearly $260 million and the rest is additional investment for existing projects.

Most of the investment is from mainland China, South Korea, Hong Kong, Brunei and Thailand. Much of it is for the production of garments, fabrics, cars, paint and animal feed.

Tay Ninh, one of the largest destinations for FDI, has 217 foreign invested projects with a combined capital of $2.4 billion.

In the period under review, foreign invested projects recorded a total revenue of $426 million, 21.8 per cent higher than for the same period last year. They paid VND148.8 billion ($7.08 million) to the State budget, 63.6 per cent more than the first half of 2013, and created jobs for more than 80,000. — VNS

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