Vietnamese, Chinese Firms Kick off US$50-Mln Industrial Park
Vietnam’s Hoang Quan Real Estate Company and a Chinese partner Hoa Chen Long Duc Phong Group jointly started to build an industrial park (IP) worth US$50 million in northern Bac Ninh province, the Vietnam Economic Times reported May 19.
Vietnamese and Chinese firms are scheduled to carry out the Du Long IP into the two phases with the first phase on an area of 254.18 hectares planned for completion by mid-2010 and the second stage on the remaining area of 153.1 hectares scheduled for finishing in 2012.
This is the third IP invested by Hoang Quan after Binh Minh IP in southern Vinh Long province and Ham Kiem IP in central Binh Thuan province.
The Du Long IP will include a waste treatment plant, warehouses and modern communication network.
Investors will be offered incentives under the government’s regulations for projects in the IP.
Separately, the Vietnam Urban and Industrial Zones Development Investment Corporation (IDICO) March 15 began to build Que Vo II IP at a total cost of VND490 billion (US$30.6 million), in Bac Ninh province, according to the newspaper.
Currently, Bac Ninh has four operational IPs, namely Tien Son, Que Vo I, Dai Dong-Hoan Son, and Yen Phong. (Vietnam Economic Times)
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