A SERIES OF INDUSTRIAL PARKS HAVE BEEN INVESTED IN INFRASTRUCTURE CONSTRUCTION IN LOCALITIES

Deputy Prime Minister Le Van Thanh has just signed decisions approving investment policies, building infrastructure, and approving investors in a series of industrial parks in localities…

Deputy Prime Minister Le Van Thanh signed a decision approving the investment policy of the Hoa Cam industrial park infrastructure investment and construction project – phase 2 in Danang City on March 18, 2022.

After the addition, the project has a scale of 120,019 hectares and will be approved by Da Nang People’s Committee, which determines the total investment capital and seeks investors to carry out construction.

Hoa Cam Industrial Park (Da Nang) is currently operated by Hoa Cam Industrial Park Investment Joint Stock Company on a 261ha scale. The City People’s Committee says. Da Nang will develop 4-5 more industrial zones, in addition to industrial parks, to meet the high demand for land for small and medium-sized businesses, industrial production facilities, and handicrafts. Extremely small.

On the same day, Anh Phat Construction Investment and Trading Corporation – JSC was approved as the investor for the Dong Vang industrial park project in Thanh Hoa province’s Nghi Son economic zone.

The project is 491.9 hectares in size, with a total investment of more than 2,400 billion VND. The project will be operational for 50 years beginning March 18, 2022, and will be deployed within 48 months of the State’s land handover.

Thanh Hoa province currently operates the Nghi Son economic zone and eight industrial parks. Thanh Hoa plans to build more Na Meo economic border gates in Quan Son district between 2021 and 2030, with a vision of 2045. This is the closest border gate connecting Hanoi’s capital with Laos’ capital, Vientiane.

In February 2022, the Thanh Hoa Provincial People’s Committee also approved a series of decisions to approve the construction planning project of 1/2000 scale industrial parks in Nghi Son Economic Zone, including: Industrial Park No. 567ha), Industrial Park No. 17 (782ha), and Industrial Park No. 5 (500ha) (567.42ha).

Long An Investment and Development JSC in Long An province has been approved as an investor in the project of Tan Tap industrial park investment in construction and infrastructure business, with a scale of 654ha.

The project’s investment capital exceeds 9,910 billion VND, of which the investor contributed more than 1,486 billion VND and mobilized capital exceeds 8,424 billion VND.

The project will be operational for 50 years beginning March 18, 2022. The project implementation timetable must not exceed 60 months from the date of the State’s land handover.

According to the Economic Zone Authority of Long An Province, the occupancy rate at the province’s 16 industrial parks, totaling 2,385 hectares, has reached nearly 90%.

Previously, Hoa Phu – Hoa Binh Co., Ltd. was approved as an investor for the project of investment in construction and infrastructure business in Nhuan Trach industrial zone, Hoa Binh province, at the end of February 2022.

After the addition of 213.68ha to the project, the total area is 213.68ha. The total investment capital is 2,389.5 billion dong, of which 366 billion dong is contributed by investors and 2,023.5 billion dong is mobilized.

According to the Hoa Binh Province Management Board of Industrial Parks, Nhuan Trach Industrial Park was approved in 2014 with a detailed construction planning scale of 1/500 and an area of 213 hectares.

Many economic experts believe that Vietnam remains an appealing destination for foreign investors due to its abundant unskilled labor supply and stable environment. On that basis, industrial parks sprouted up all over the place, providing a plethora of benefits to investors by resolving issues related to the import and export of materials, exported goods, and goods for the domestic market. Manufacturing, customs clearance, taxation, and labor recruitment are all part of the process.

The Government requires the People’s Committees and Management Boards of industrial zones in provinces and cities to coordinate with investors in implementing compensation and site clearance plans for investment projects involving the construction of industrial park infrastructure. the same as prescribed;

Implement solutions relating to the lives of employees working in industrial parks, where there is a plan to build houses, social, cultural, and recreational facilities for employees;

Job support and vocational training for people whose land has been recovered; land acquisition in accordance with the project implementation schedule; and attracting investment to reduce the impact on people whose land has been recovered.