Four projects worth $174m given green-light in Long An Province

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Four investors receive investment registration certificates from the Long An provincial authority. — VNA/VNS Photo Thanh Bình

LONG AN — Long An provincial authority and Đồng Tâm Industrial Zone Joint Stock Company granted secondary investment registration certificates for four projects worth a total of nearly VNĐ4 trillion (US$174 million) late last week.

Located in Thuận Đạo Industrial Park in Bến Lức District, Long An Province, the four projects include two steel manufacturing plants worth a combined VNĐ3.5 trillion, invested by Hòa Phát Long An Steel Products JSC and Asia Steel JSC, and two wooden home appliance manufacturing factories worth VNĐ475 billion, thanks to investment from KODA Saigon Co Ltd and Rythern Vietnam International Co Ltd.

Nguyễn Môn, director of Đồng Tâm Industrial Zone JSC, said despite the challenges of the COVID-19 pandemic, industrial zones in Long An Province have still attracted investors. The expansion of Thuận Đạo Industrial Park has received eight secondary investors this year, of which four are foreign direct investment (FDI) projects.

Thuận Đạo Industrial Park is one of the first real estate projects invested in by Đồng Tâm Group. Nearly 18 years after establishment, the park has so far attracted 50 secondary investment projects, from multinational companies such as Cargill and Lacuna from the United States, Nutreco from the Netherlands, ChingLuh from the United Kingdom and Benkan from Japan.

According to Nguyễn Thành Thanh, head of Long An Economic Zone Authority, the province has attracted 84 new projects in 2021, 35 of which are FDI projects with total investment capital of more than $258 million and 49 domestic direct investment projects worth VNĐ10.9 trillion. In addition, 62 projects were also registered to increase capital by $153 million and more than VNĐ1.2 trillion. — VNS

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