Monday, September 21 2020

VietNamNews

Nam Định’s IP welcomes projects worth over $200 million

Update: September, 08/2020 - 09:00
 At the ceremony. — VNA/VNS Photo 

NAM ĐỊNH — A signing ceremony for land lease agreements took place at the Rạng Đông Textile Industrial Park - Aurora IP in Nghĩa Hưng District of the northern province of Nam Định late last week.

The first two projects at the IP are in garment and textiles invested by companies from Hong Kong and Taiwan (China). Both of them will apply advanced and environmentally-friendly technologies.

Covering an area of more than 31ha, the first project has investment of more than US$200 million by Top Textile from Hong Kong (China). It is expected to be operational in 2023 and generate stable jobs for over 3,000 workers. 

The other project with a total investment of $6 million by Jehong Textile from Taiwan (China) focuses on fabric dyeing. It is set to be put into operation in 2022, creating jobs for 300 labourers.

Vice chairman of the provincial People’s Committee Ngô Gia Tự said the province has spared no efforts in improving its infrastructure linking with the country’s economic centres, particularly between local IPs and surrounding provinces and cities. 

The province has also sped up the implementation of key transport projects to reduce travel time, creating optimal conditions for trade, economic development and investment attraction, he added. 

In addition, Nam Định is paying heed to administrative reforms to bolster investment in the locality. Information, policies and incentives for domestic and foreign investors will be introduced in a transparent and clear manner, Tự affirmed. 

With a designed area of nearly 14,000ha, the Rạng Đông Textile Industrial Park - Aurora IP aims to become a modern IP of Nam Định Province. Its first phase spanning 520ha has fulfilled legal conditions to receive investment projects in various fields, including garment-textile and support industries. — VNS

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