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Firm to invest $200m in VSIP Nghệ An

Update: February, 16/2019 - 10:00
A view of VSIP Nghệ An. A Singaporean company will invest in a textile project in VSIP Nghệ An. - Photo
Viet Nam News

HÀ NỘI – A Singaporean company will invest in a textile project in the Việt Nam-Singapore Industrial Park in Nghệ An Province (VSIP Nghệ An).

This project is invested by Singapore’s Royal Pagoda Private Limited with total capital of VNĐ4.6 billion (US$200 million).

This is the project with the largest capital in the list of projects that are expected to receive investment approval or investment registration certificates at a meeting of investors in Nghệ An Province on February 23.

At this meeting held by the People’s Committee of Nghệ An Province, the provincial authorities schedule to give decisions on investment approval or investment registration certificates for seven other projects, with total investment of more than VNĐ1.2 trillion.

They include an export leather footwear production factory in the Vân Diên Industrial Complex and a tempered glass manufacturing and processing factory in VSIP Nghệ An, reports

In addition, also at the meeting, 15 other projects are expected to sign investment agreements with a total capital of VNĐ11.8 trillion. They include a project on developing a five-star hotel in Cửa Lò Town, a project of 15,000 ha high-tech organic agricultural material zone and a VNĐ3-trillion project of preservation warehouse in Kỳ Sơn border District.

The 11th investor meeting held by the provincial authorities of Nghệ An on February 23 in Cửa Lò Town would be an opportunity for the authorities to meet investors and to call on domestic and foreign investors and businesses to invest in the province. - VNS 



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