Focusing on Completing Infrastructure of IZs to Attract More Investors

9:18:02 AM | 9/8/2023

Planning, especially planning industrial zones, has been a major concern of Vinh Phuc province. The province has actively attracted investment capital for industrial zone infrastructure development and supported investors to remove difficulties and accelerate project progress to gradually upgrade industrial zone infrastructure. The province has also created a clean land fund to boost investment attraction.

Chairman of Vinh Phuc Provincial People’s Committee awards the Investment Registration Certificate of Lioho Machine Works Vietnam Mechanical Industry Project

Currently, Vinh Phuc province has 19 industrial zones (IZs) with a total area of nearly 5,500 ha approved for construction by the Prime Minister. Among them, 16 IZs were licensed for construction with a total registered budget of VND17,536.39 billion (US$760 million) and US$246.82 million and a total land area of 3,156.96 ha. Currently, nine IZs are in operation: Khai Quang (221.46 ha), Binh Xuyen (286.98 ha), Kim Hoa (50 ha), Ba Thien (325.75 ha), Binh Xuyen II - Phase 1 (42.21 ha), Ba Thien II (308.83 ha), Tam Duong II - Zone A (135.17 ha), Son Loi (257.35 ha), and Thang Long Vinh Phuc (213 ha). Some IZs have leased out 100% of the industrial land area while the remaining IZs are carrying out procedures for investor selection, implementation plan, land compensation, site clearance, and infrastructure construction.

The Vinh Phuc Industrial Zones Management Board stated that to build industrial zones as planned, based on the provincial leadership, the board has coordinated with relevant agencies and localities to review and revise the industrial zone development plan and integrate it into the overall provincial planning. In July 2023, the board continued to speed up planning management and infrastructure construction in industrial zones. Accordingly, the agency prepared the pre-feasibility study report for infrastructure construction investment and operation of Chan Hung Iz. It also formulated a construction zoning plan for Tam Duong II IZ - Section B1 and Section B2. The board appraised and submitted a report to the Provincial People’s Committee for approval of the first detailed construction plan of Nam Binh Xuyen Industrial Zone.

Besides, the board consulted relevant agencies to approve revised ground processing for Song Lo I Industrial Zone. It counseled them on the revised detailed construction plan (second time) for Thang Long Vinh Phuc Industrial Zone. The board completed procedures for adjusting investment projects, land compensation, site clearance, and construction investment for wastewater treatment facilities in Tam Duong II Industrial Zone - Zone A. Also in July 2023, the board granted three construction permits and announced appraisal results of three feasibility study reports.

On management and operation of Ba Thien Industrial Zone - Section II (75.9 ha), in July 2023, the board agreed on the location of the base transceiver station (BTS) there. The Investment Support Service Center under the board repaired and replaced the lighting equipment system. It advised and proposed the Provincial People’s Committee on Fire Prevention in the Industrial Zone. It took samples for environmental monitoring in the second quarter of 2023. The board continued to coordinate with related agencies to intensify security and order in the IZ, tend trees and lawns, and reminded tenants to ensure traffic safety and order in the IZ.

The Vinh Phuc Industrial Zones Management Board regularly cooperates with relevant agencies and localities to attract big, prestigious infrastructure investors from other countries for industrial zones. It actively dialogues and supports tenants to deal with difficulties, especially in land compensation and ground clearance. The board facilitates investors to study investment opportunities and carry out industrial zone investment and operation projects. It strengthens supervision and urges investors to fully arrange human resources, vehicles, and other necessary resources to deploy industrial zone infrastructure construction as planned and scheduled to provide available land for secondary investors. The board strictly handles investors failing to keep their commitments. As for industrial zones in operation, infrastructure developers are required to maintain, upgrade, supplement, and complete the infrastructure system in accordance with the approved planning. They inspect, supervise, detect, rectify, and strictly handle intentional violations.

As a result, the infrastructure construction investment in Vinh Phuc province-based industrial zones has basically met requirements and needs. Most IZs are invested in the synchronous and modern infrastructure of international standards to become attractive destinations for domestic and foreign investors.

By Thanh Loan, Vietnam Business Forum