Ba Ria – Vung Tau attracts investors in IPs

15:40 | 11/07/2018 Investment

The southern province of Ba Ria – Vung Tau is taking measures to attract investors to local industrial parks (IPs). 

Manufacturing cable and power lines at Dongjin Global Ltd company in Dat Do 1 industrial zone, Dat Do district - Photo: baobariavungtau

The locality is home to 15 IPs, including nine operational parks with an average occupancy of over 47 percent.

In Chau Duc industrial zone in Chau Duc district, technical infrastructure has been upgraded with a four-lane road and a clean water supply plant with a daily capacity of 75,000 cu. m in the first stage and nearly 150,000 cu.m in the second stage. Construction on three concentrated wastewater treatment plants is also underway.

Pham Xuan Bach, Chairman of the Board of Directors of Sonadezi Chau Duc JSC, investor of the zone, said the zone has so far attracted 16 investors and is expected to raise occupancy to about 50 percent by 2020.

General Director of Tin Nghia – Phuong Dong Industrial Park Jsc, investor of Dat Do 1 industrial zone, Nguyen Khac Thanh said Dongjin Global Ltd company, a fully Korean invested firm, has put a plant into operation to manufacture cable and power lines and automobile spare parts, creating jobs for 400 workers.

Seven other investors have also received investment certificates in the zone. The investor hoped that the total lease area will reach 50ha this year, accounting for 25 percent of the total.

According to the provincial IPs management board, the total number of projects in local IPs hit 339 as of the beginning of this year, including 177 domestic and 162 foreign projects.

The total lease area in IPs has hit 2,701ha, raising occupancy to 47.25 percent, up 11 percent year-on-year.

Nguyen Anh Triet, head of the management board, said it has asked the provincial People’s Committee to cut licensing procedures and allow the board to license seven types of projects in the fields of technology, support industry, information technology, hardware and software production, workforce training in support and logistics industries which are not subject to approval of the Prime Minister or the provincial People’s Committee.

Theo VNA