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| Enterprises investing in industrial zones will help solve employment issues for local residents |
Leading the investment
Lately, several infrastructure investment projects in industrial clusters have been brought into operation, contributing to the fulfillment of the region’s socio-economic development targets.
One noticeable highlight is the infrastructure construction and business project of the Gilimex Industrial Park, invested in and operated by Gilimex Industrial Park Joint Stock Company. This project, located in the Phu Bai Industrial Zone, started in November 2022 and spans 460 hectares, with a total investment of over 2,600 billion VND.
After less than two years, the project’s technical infrastructure has been increasingly complete with an implemented investment capital of over 581 billion VND. Gilimex Industrial Park has also attracted numerous investment projects, leasing out more than 157 hectares of land.
Once the project is completed and secondary enterprises are registered for production and business activities, it will significantly boost socio-economic development and create job opportunities for the local population.
On the basis of the nearly complete infrastructure of the industrial clusters, many enterprises have invested, creating a ripple effect in both socio-economic development and investment activities. Notably, Kanglongda Hue Factory, a project by Kanglongda International Holdings Limited, has a registered investment capital of 4,812 billion VND and covers approximately 35.6 hectares.
The company has already invested in the construction of factory facilities, auxiliary structures, and machinery installation for phase 1. Once in operation/al, the project is expected to create jobs for over 1,500 workers and contribute over 200 billion VND annually to the state budget.
Besides these projects, the province's industrial clusters currently have 178 active investment projects with a total registered investment capital of 119,636 billion VND, including 51 FDI projects with a registered capital of 74,971 billion VND. Up to now, the implemented investment capital for these projects has reached 41,791 billion VND, with 2,800 billion VND invested in the area by the end of the second quarter of 2024.
Also, in the first months of this year, 11 new investment projects were granted in the province's industrial clusters, with a total registered investment capital of 4,515 billion VND. The estimated revenue in the area reached 21,000 billion VND, import-export turnover reached 732 million USD, and more than 2,500 billion VND was contributed to the state budget. At the same time, the province's industrial clusters have also attracted over 39,500 workers.
Giving priorities in attracting Investment into Industrial Clusters
Thua Thien Hue is striving to become the most attractive investment destination in the Central region. To achieve this, the province is focusing on improving the investment and business environment, supporting the reduction of administrative procedures, and implementing various investment incentives, including the development of clean land infrastructure. This is clearly reflected in the investment attraction policies that Thua Thien Hue is currently implementing.
According to Mr. Phan Quoc Son, Deputy Director of the Department of Planning and Investment, Thua Thien Hue has implemented several investment support policies across the province. Specifically, for the policy of attracting enterprises to invest in industrial clusters and zones, the province supports both external and internal infrastructure projects. Enterprises investing in industrial clusters are also supported in accessing production and business land by being prioritized in compensation, land clearance, and land fund creation. Investors with projects to build and operate infrastructure in industrial parks, high-tech zones, industrial clusters, and centralized IT zones are also supported with travel expenses to participate in overseas investment promotion activities as part of the province's annual investment promotion plan.
Additionally, with a relatively large clean land fund and synchronized infrastructure, the province provides significant opportunities for investors when researching investment in the province's industrial clusters. Currently, about 360 hectares of clean land are available for investment in existing industrial zones. With this land fund, the province aims to attract diverse types of clean industries, high-tech, environmentally friendly industries, and integrated commercial activities, as well as agricultural, forestry, fishery processing, building materials production, and other industrial sectors.
Along with investment incentives, the province also focuses on supporting and creating favorable conditions for businesses when implementing projects that are not funded by the state budget, particularly by solving issues related to planning, investment procedures, land, and site clearance to ensure proactivity and readiness in calling and attracting investment. The province also supports and accelerates the implementation of key projects that have been approved for investment, or have had selected investors, and issued investment certificates.
"With these efforts, Thua Thien Hue hopes to accompany investors in unlocking the potential and strengths of the province's investment attraction, including the industrial clusters," shared Mr. Phan Quoc Son.