Industrial Park Infrastructure Ready to Welcome Investors

9:27:21 AM | 3/17/2022

At present, Tra Kha and Lang Tram industrial parks in Bac Lieu province are included in the National Industrial Zone Plan. Tra Kha Industrial Park is nearly 100% occupied by tenants and the province is thus calling investors to build and operate infrastructure in Lang Tram Industrial Park.

Covering 65 ha, Tra Kha Industrial Park is designed for garment, electricity, alcohol, building material, fertilizer, packaging and other industries. 94-ha Lang Tram Industrial Park is calling investors to build infrastructure. Once infrastructure investment is completed, the latter will attract investment in seafood processors and fishing service providers among others.

Tra Kha Industrial Park, designed for clean industries, has attracted 25 projects with a total registered investment fund of VND1,850.54 billion renting more than 43 ha of rentable land, or almost 99%. Among licensed projects, 19 are operational, two are installing factory equipment, and four are under construction.

Lang Tram Industrial Park is calling infrastructure developers but it has already housed a seafood processor which is in operation.

Remarking on investment flows into local industrial zones, Mr. Vuong Tuan Tai, Director of Bac Lieu Industrial Zones Authority, said to better serve tenants, the province and the authority have always paid special attention to infrastructure construction investment for industrial parks. Currently, Tra Kha Industrial Park was fully funded by the governmental budget and had all infrastructure items constructed as designed. This creates favorable conditions for industrial parks to draw investment funds and enable tenants to develop their operations.

Bac Lieu province has effectively applied investment laws to draw investors into its industrial zones where it introduces preferential policies on land rent, corporate income tax, import and export duty. Besides, in order to create more appeals to woo investors into industrial zones, the Bac Lieu Industrial Zones Authority cooperates with relevant bodies to actively support investors to carry out administrative procedures pertaining to investment, land, construction, environment and labor under the single-window mechanism on the Provincial Public Administration Service Center. The authority is also eager to support businesses and investors, hold regular meetings with them to grasp their feedback and recommendations, and promptly introduce effective solutions to their difficulties and problems within its jurisdiction or propose unsolved matters to competent authorities for solution.

“The province has only two industrial parks, with Tra Kha nearly 100% occupied by tenants. Therefore, Bac Lieu province is inviting businesses to build and operate infrastructure in Lang Tram Industrial Park. The authority will advise the provincial government to use the local budget and seek central budget funds for site clearance in Lang Tram Industrial Park to create favorable conditions for investors to build and operate its infrastructure system. This will give a helping hand to the province to realize the resolution on promoting industrial and handicraft development to 2025 and further to 2030. The occupancy rate of Lang Tram Industrial Park is expected to reach 60% by 2025 and 90% by 2030," he added.

By Vietnam Business Forum