Thua Thien Hue IPs - More Convenience for Investors

 

From Phu Bai Industrial Park (IP) established in 1998 with an area of 53.2 ha, currently, Thua Thien Hue has six IPs with the total area up to 2,168.8 ha. The IPs are not only a driving force of the province’s industrial development but also contribute to the economic restructuring in rural areas.

 

“Favourable location” is the crucial feature in attracting investment of Thua Thien Hue IPs. All six IPs are planned next to strategic roads (near 1A national highway, Phu Bai international airport, and Chan May Lang Co deep water ports). More importantly, the IPs are located near raw material areas such as Phong Dien, Tu Ha and Phu Da IPs.

 

From favourable geographical location and opportunity for prosperity development in Thua Thien Hue, IPs have stable development. Six provincial IPs attract 18 FDI projects with total investment capital up to $190 million and investors from the US, South Korea, Japan, Bulgaria, France and Thailand. The vacancy-filling rate of Phu Bai IP in period 1 and 2 is 98 percent, Part B of Phong Dien IP 67 percent, the rest are in the planning stage but have attracted 8 projects with total registered capital of over VND 524 billion.

 

By the end of June 2012, production value in IPs is about VND 1,128 billion, up 22 percent over the same period last year, contributing 34 percent of industrial production value in the province. Especially, despite difficult economic context, the first 6 months of 2012 saw no enterprise closing or halting their business.

 

Sharing about the process of attracting investment into the province’s IPs, Mr Nguyen Huu Tran, Head of Thua Thien Hue IP, said, “This year is the year of investment promotion; we will put all efforts into support enterprises and accelerate vacancy filling-speed of the province’s IPs.”

Among the IPs, Phong Dien emerged as an attractive investment destination in the building material industry. So far, this IP has attracted nine industrial projects with total registered investment capital of more than VND 2,100 billion, with 52 percent filling rate of industrial land for lease.

 

Talking about Phong Dien IP, people immediately think about the three favourable factors for the development of the business. First of all is convenient transportation: Phong Dien is near the national highway 1A, trans-Vietnam railway, airports and especially Chan May deep-water port. Secondly: It has a material area with 41 million m3 of raw quartz sand, enough to meet the development of variety of industries such as glass, solar batteries, ceramics, enamel frit, refractory, fiberglass, and vitreous. And thirdly: high terrain and low investment rates ensure the construction of IP infrastructure with competitive prices.

 

Seizing these advantages, a series of big projects coming to Phong Dien IP such as Khanh Hoa Glass, Viet Phuong Group, Prime Thien Phuc, Phu Thinh (JV Vietnam - Korea), Vicosilica Corp, Conservation A with solar products, Vina C & H Corp., and especially 2 major projects including Scavi and CP group (Thailand), are making landmarks for the development of Phong Dien IP.

In Phong Dien, three investors in infrastructure are Thua Thien Hue Construction Company, Prime Thien Phuc JSC and South Korea's C&N Vina Hue Co., Ltd are focused on implementing land clearance and construction of infrastructure. Many important works such as roads, utilities, and a wastewater treatment plant (with capacity phase I is 4.500m3 day and night) are being constructed to create a synchronized infrastructure. In addition, with coordination between departments, management and local government, and especially local one-stop-shops being operated fairly and effectively, bring about the best utility for investors when they come to Phong Dien.