On August 11, two enterprises simultaneously broke ground on their new manufacturing facilities at IDICO Huu Thanh Industrial Park (IP) – Tay Ninh province (formerly Long An province), marking a positive step in attracting investment and reflecting foreign investors’ confidence in Vietnam’s economic recovery outlook.
Yuehui Vietnam Co., Ltd., investing nearly USD 5 million in the production of sports equipment and golf bags, with an annual output of 500,000 products.
Huize Vietnam Co., Ltd. (XINGZE Development Co., Limited), specializing in embroidery processing on fabrics and other materials, with an annual capacity of 100,000 products and a total investment of USD 5,5 millions.
The wave of international enterprises starting and inaugurating projects in August demonstrates that short-term challenges have been gradually overcome, providing momentum for Vietnam’s next growth phase. Along with a more stable investment environment, favorable countervailing tax policies and sustainable supply chain requirements from multinational corporations are further strengthening clients’ confidence.
With its strategic location adjacent to major trade routes and favorable conditions for manufacturing and export, IDICO Huu Thanh IP, part of IDICO's industrial ecosystem, continues to reaffirm its appeal as a prime destination for both domestic and international manufacturers.
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