Thang Long Vinh Phuc IP Creates Investment Attraction

2:00:22 PM | 25/9/2019

Thang Long Vinh Phuc Industrial Park is a key project of Vinh Phuc province in attracting investment. Provincial authorities have actively supported the project by creating favorable conditions for the investor to speed up infrastructure construction for early project operation.

Located in Thien Ke and Tam Hop communes, Binh Xuyen district, Vinh Phuc province, Thang Long Vinh Phuc Industrial Park project has been implemented since September 2017. The project is invested by Japanese Sumitomo Group, and developed by Thang Long Vinh Phuc Industrial Park Co., Ltd. The project covers ​​213 hectares divided into 3 phases, of which phase 1 with an area of ​​over 94 hectares was inaugurated on November 8, 2018. This is the third industrial park of Sumitomo Group in Vietnam (the other two are Thang Long I Industrial Park in Hanoi and Thang Long Industrial Park II in Hung Yen) and is the 10th industrial park among the 19 industrial parks of Vinh Phuc approved by the Prime Minister for development to 2020. Thang Long Industrial Park is expected to become a model of infrastructure quality and environment. At the same time, it creates a premise for sustainable and stable development and creating a breakthrough for Vinh Phuc's industry.

Sharing the advantages when implementing the project, Mr. Goki Nobuta, General Director of Thang Long Vinh Phuc Industrial Park Co., Ltd, said: “It can be seen that our main advantages include rapid land clearance and compensation carried out by the People's Committee of Vinh Phuc and Binh Xuyen District People's Committee; strong support by local people; security well managed by local police. We have also received very strong support and assistance from the authorities and functional departments of the province. The top leaders of the Provincial Party Committee and the People's Committee have always stood by our side, from the first day of project survey to the present time. We still remember the Secretary of the Provincial Party Committee and Chairman of the People's Committee of Vinh Phuc Province directly checking the project construction process, as well as the progress of the surrounding infrastructure supported by the province. Surprisingly, Binh Xuyen district police officers regularly come to check the progress of the implementation of the project and especially ask us if we have any difficulties related to security and order. This is really wonderful, it gives our investors a feeling of peace of mind and safety. At the same time, the ground structure here is also convenient for the construction of infrastructure of the industrial park.”

 At present, Ton Duc Thang and Nguyen Tat Thanh streets invested by the province have been completed, connecting Thang Long Industrial Park with convenient transportation system. Electricity grids and transformer stations have also been developed especially for Thang Long Industrial Park. Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee, leaders of departments and branches of Binh Xuyen District always pay attention to creating favorable conditions for investors. Local people of Tam Hop and Thien Ke communes understand and support the construction process. We believe that customers of Thang Long Industrial Park will also receive the attention and support of the authorities and local people.

Attracting high-tech investment

Recently, Vinh Phuc province has given priority to selecting investors with environmentally friendly industries, technologies and products, the province has not approved a number of projects that are likely to cause environmental pollution. Therefore, Thang Long Vinh Phuc Industrial Park will always give priority to investors with high-tech, IT and automobile. Other priorities go to non-inducing industries; supporting industries; producing spare parts and components for automobile and motorbike industry; electronic accessories and precision mechanical products. Sumitomo Group and Thang Long Vinh Phuc Industrial Park Limited Company are actively implementing phase 2 of the project in the fastest time. Currently, Thang Long Vinh Phuc Industrial Park has attracted 11 investors from Japan registered with a total capital of US$200 million. This is important because it is the first time Sumitomo has over 10 customers in a short time. Once completed, it is expected to attract 79 secondary investment projects from Japan. With its reputation, Sumitomo Corporation will continue to attract more Japanese businesses to invest in Vietnam.

In the next three to five years, Thang Long Vinh Phuc Industrial Park will work hard to soon fill up the area, and promote support for partners and customers so that by 2030, businesses in the park will have stable production. By that time, Thang Long Vinh Phuc Industrial Park will significantly contribute to promoting local economic development.