AURORA INDUSTRIAL PARK TO BOOST FDI INTO VIETNAM’S TEXTILE INDUSTRY

KUALA LUMPUR, Nov 21 (Bernama) -- The Aurora Textile Industrial Park (Aurora IP) in Vietnam’s Nam Dinh province aims to boost foreign direct investment (FDI) into the country's textile industry by offering a green and sustainable manufacturing environment.

The industrial park is also supported by Nam Dinh province, which offers incentives to investors in terms of corporate income tax, import and export tax, support for training textile workers and more.

Aurora IP is one of the very few IPs in Vietnam qualified to accommodate fabric-dyeing facilities and was developed by one of the nation's leading real estate developers, Cat Tuong Group.

“With the mission of laying the foundation for sustainable development of investors in Nam Dinh province, Aurora IP is also committed to providing free support for procedures to obtain investment registration certificates and business registration certificates for tenants and work closely with them during the development of their projects at Aurora IP through a single-window service system,” said Cat Tuong Group chairman and chief executive officer Tran Quoc Viet in a statement.

As of 2021, Nam Dinh province was home to 123 FDI projects, with a total registered capital of US$3.7 billion (US$1=RM4.57), according to Vietnam’s General Statistic Office (GSO).

The GSO said realised FDI in Vietnam in the first nine months of 2022 was assessed at US$15.43 billion, a 16.3 per cent increase over the same period last year, and was the highest level of realised FDI in nine months for the past five years.

-- BERNAMA