Tan Thuan EPZ focuses more on hi-tech sectors
At a ceremony marking the 29th anniversary of the company’s establishment last weekend in HCMC, Y.T. Young, general director of Tan Thuan, said that the enterprise was developing a workshop area and an office building named E-Office covering 40 hectares within its premise in the hope of attracting hi-tech investors, software projects and investment services only.
The infrastructure for the first stage is scheduled to be finished by the year-end, noted Young.
After 20 years of operating by luring labor-intensive schemes such as textile and clothing firms in the 1990s, Tan Thuan EPZ has gradually shifted its focus to others including mechanics, automobile components, electronics and semi-conductor industries generating more export value.
Some 120 among 175 investors in the export processing zone have increased investment funds to expand their activities and build more factories, creating more than 60,000 jobs with total investment capital of US$1.2 billion and earning total annual export revenue of over US$2.8 billion, Young added.
