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Dong Nai starts $52m industrial zone

Sep 11th at 13:17
11-09-2013 13:17:32+07:00

Dong Nai starts $52m industrial zone

Long Duc Industrial Zone (IZ), backed by VND1.1 trillion (US$52.3 million) of investment, was inaugurated in the southern province of Dong Nai on Monday.

Spanning a total area of 282,80ha, the IZ is a joint venture between three Japanese groups – Sojitz Corporation, Daiwa House Industry and Kobelco Eco-Solution – plus Dong Nai's Donafoods Company.

Since the beginning of this year, the province's IZs have attracted approximately $642 million in investment, fulfilling 64 per cent of the target set for this year.

Of the total, over $293 million came from newly-licensed projects, while the remainder came from existing projects that increased capital.

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