Dai An Industrial Park (IP) in northern Hai Duong province aims to lure some US$350 million in investment capital, said Truong Tu Phuong, board chairman of Dai An Joint Stock Company.
To realize the target, the IP will be expanded by 473ha in the coming time, under recent Government approval.
The IP has already signed agreements with Japanese and Taiwanese investors, who will take up 400ha in the IP. The Dai An Joint Stock Company will plan to spend US$70 million for the zone’s infrastructure improvement.
The construction of a sewage treatment facility for the IP is expected to be kicked off this month.
In 2006, around $206 million investment capital for 17 projects flew into Dai An IP. Enterprises in the zone obtained $84.4 million revenue, showing an a sharp growth compared to the number of just $17.6 million in 2005.
In the year, the province reported industrial output of VND13.7 trillion ($856 million), up 17.8 per cent on-year, while foreign direct investment was up 32.8 per cent.
This year, industrial output is expected to reach VND16.2 trillion ($1 billion).
The province in January gave an investment license to PHI Ltd. Co, a branch of Taiwan-based Kingwhale Group, to build a $70-million factory in Dai An IP producing high-quality clothes for export to key markets, namely Australia, Taiwan and Sweden.
Hai Duong now has seven IPs covering 1,500 hectares. It also plans to build 13 new IPs of 2,520ha from now to 2010, once approved by the Government. (VNS)
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