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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.