DNN invests VND510 bil. to develop IZ in Long An

September 15, 2011 | 20:44

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DNN Joint Stock Company under DNN Motorbike Accessories Corporation on Sunday held a ceremony to announce a new industrial zone (IZ) in the Mekong Delta province of Long An.

DNN-Tan Phu Industrial Zone located in Duc Hoa District covers an area of 363 hectares with investment capital of VND510 billion. The project is divided into two phases and site clearance work is basically completed.

According to Nguyen Dinh Huynh, general director of DNN Joint Stock Company, infrastructure development of the project’s phase one will be completed in two years’ time. However, under the successive construction method, after a four-month implementation, investors will likely build up their factories.

The industrial zone is classified into two sections: mechanics and biology. They are both synchronously developed in a bid to attract domestic and foreign investment, as well as adapt to new production techniques and advanced management process worldwide, Huynh added.

DNN-Tan Phu Industrial Zone is hoping to create economic ties between Mekong Delta provinces and HCMC and pave the way for export growth.

In particular, the industrial zone is 30km off Saigon-Trung Luong Expressway, 60km off Long An international seaport and 35km off Tan Son Nhat International Airport. Such convenient traffic connections will facilitate the industrial zone in terms of transporting cargo and materials.

To date, six investors have set up businesses in this industrial zone.

Thesaigontimes

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