Southern Dong Nai province’s authorities on June 12 granted an investment license to the Republic of Korea’s JingWoo Vina Co. Ltd. to start the construction of a 14 million USD plant.
Covering an area of 4 hectares, the plant specialising cloth production will be built at Tan Tao garment and textiles industrial zone in Nhon Trach district.
Earlier in 2005, the RoK company invested a 15 million USD factory in Long Thanh industrial zone.
Thanks to stepping up the implementation of its foreign investment incentives, Dong Nai has so far marked as one of the leading provinces and cities nationwide in foreign investment attraction.
The province has so far this year attracted 546 million USD in foreign investment, bringing total foreign investment in the locality to 23.4 billion USD. There are 1,027 valid projects worth of 19.03 billion USD, according to the provincial Planning and Investment Department.-VNA