Work on Vietnam First Supporting Industrial Park Starts in Bac Ninh

4:29:44 PM | 4/5/2009

The No. 1 Vietnam-Japan Support Industry Park, the first of its kind in Vietnam, officially broken ground in Que Vo Industrial Park (IP) in northern Bac Ninh province on April 27.
The work will cover an area of 16 hectares, part of cooperative documents to develop the system of Vietnam-Japan Support Industry Parks signed between the two sides on the same day.  
Signatories to the documents were representatives from Vietnam’s Ministry of Industry and Trade, the Vietnam Economic Research Institute in Japan, the Bac Ninh provincial People’s Committee, the Kinh Bac Urban Development Joint Stock Company (KBC), Deputy Prime Minister Hoang Trung Hai and Japanese ambassador to Vietnam, Mitsuo Sakaba.
The Japanese side has pledged to send 50 small and medium-sized enterprises with investment capital of estimated US$100 million in the IP this year to support Japanese industrial corporations operating in Vietnam.
Dr. Phan Dang Tuat, the director of the Industrial Strategy and Policy Research Institute, said that the construction of the industrial park is a beginning step for Vietnam’s support industries. (VoV, New Hanoi)