Thua Thien Hue: Good signs in industrial zones

08:10 | 01/03/2014 Investment

(VEN) - The Thua Thien Hue Province Industrial Zones Authority said that in January 2014 alone, five projects totaling almost VND505 billion in capital were licensed to invest in provincial industrial zones (IZ), taking the number of effective investment projects and investment capital in provincial IZs to 92 and more than VND18.266 trillion.

Fresh concrete production at the Huong Thuy Company in Thua Thien Hue Province

The five newly licensed projects include the Thien An Phu Textile and Garment Joint Stock Company’s garment production project in the Phu Da IZ in Phu Vang District, the Manh Cuong Production, Trading and Service Co., Ltd’s fine art woodwork workshop project in Phu Bai IZ, the Dinh Huong Co., Ltd’s wood pellet production project in La Son IZ in Phu Loc District, the Thien An Thinh Textile and Garment Joint Stock Company’s fiber plant in Phu Bai IZ, and the Vietnam International Hello Co., Ltd’s Tu Ha IZ infrastructure construction and trading project (phase 1).

A goal was set for provincial IZs to attract VND2.9 trillion in investment capital until the end of 2014 and provincial IZ-based businesses to earn revenues of more than VND13 trillion in 2014.

The Thua Thien Hue Province People’s Committee issued a decision to establish a 48ha An Hoa IZ in An Hoa Ward, Hue City and appointed the Hue City Industrial Zone Development Center to invest in infrastructure development in that IZ. An Hoa IZ is formed to accommodate production and trading facilities removed from urban Hue. It was designed for industrial and handicraft projects, electric and electronic component production and assembly, engineering, and paper, carton packaging, plastics, civil woodwork, fine art woodwork, lacquer, garment, embroidery and Ruong house building projects.

In early January, the provincial people’s committee decided to adjust the overall plan for provincial industrial zones for small to medium-sized businesses to 2015 and a vision to 2020. Under the adjusted plan, the province will have 10 IZs for small to medium-sized businesses instead of 20, with a total area of 353ha, because four IZs will be merged into other IZs, while six planned IZs were erased./.

By Tran Minh Tich