Singaporean firm to invest US$200 million in VSIP Nghe An

A Singaporean company will invest in a textile project in the Vietnam-Singapore Industrial Park in central Nghe An province (VSIP Nghe An).

A view of VSIP Nghe An (Photo: baonghean.vn)

A view of VSIP Nghe An (Photo: baonghean.vn)

The project is invested by Singapore’s Royal Pagoda Private Limited with total capital of VND 4.65 trillion (US$ 200 million).

This is the project with the largest capital in the list of projects that are expected to receive investment approval or investment registration certificates at a meeting of investors in Nghe An province on February 23.

At this meeting held by the People’s Committee of Nghe An province, the provincial authorities schedule to give decisions on investment approval or investment registration certificates for seven other projects, with total investment of more than VND 1.2 trillion (US$ 51.8 million).

They include an export leather footwear production factory in Van Dien Industrial Complex and a tempered glass manufacturing and processing factory in VSIP Nghe An.

In addition, also at the meeting, 15 other projects are expected to sign investment agreements with a total capital of VND 11.8 trillion. They include a project on developing a five-star hotel in Cua Lo town, a project of 15,000 ha high-tech organic agricultural material zone and a VND 3-trillion project of preservation warehouse in Ky Son border district.

The 11th investor meeting held by the provincial authorities of Nghe An on February 23 in Cua Lo town would be an opportunity for the authorities to meet investors and to call on domestic and foreign investors and businesses to invest in the province.

VNA

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