Long Binh IP invests over $30 mil for infrastructure development

04:04, 09/04/2011

(ĐN)- Over the past 15 years, more than US$30 million has been invested to build infrastructure of Long Binh IP (Loteco), said Mr. Nguyen Cong Binh, Deputy General Director of Long Binh Industrial Park Development Co., Ltd.

(ĐN)- Over the past 15 years, more than US$30 million has been invested to build infrastructure of Long Binh IP (Loteco), said Mr. Nguyen Cong Binh, Deputy General Director of Long Binh Industrial Park Development Co., Ltd.

 

Built in 1996 with an area of ​​100 hectares, the IP has so far leased out 100 per cent of its area to investors. In 2008, the IP received the “Green Brand” Award.

 

Loteco has an annual profit of US$2.3 million and contributed around US$1 million to state budget.

Reported by T.T