Taiwanese firms invest $30 million in Bình Phước’s industrial park

Three Taiwanese-funded enterprises on Thursday signed deals to invest a total of US$30 million at the Minh Hưng Sikico industrial park in the southern province of Bình Phước.

The capital will be channeled into several textiles-fabric projects.

At the signing ceremony, the Taiwan-based industrial investment limited company DDK Vietnam and Minh Hưng Sikico Industry JSC inked a co-operation agreement on promoting investment in the park.

Speaking at the event, the industrial park’s deputy general director Phan Tấn Hoàng said it would prioritise attracting investment in electroplating, textiles-fabric dyeing and agricultural mechanics.

Investors were required to meet wastewater standards in line with national regulations and give priority to using the local workforce, he added.

Chairwoman of the provincial People’s Committee Huỳnh Thị Hằng said she expected the co-operation would thrive in the future.

Local authorities would create the best conditions possible for investors to operate, she stated.

Built at a cost of over VNĐ3.4 trillion ($145.77 million), Minh Hưng Sikico is among 13 local parks which together have 19 companies with registered capital of $500 million. – VNS