Thang Long Vinh Phuc IP Targeting Secondary Investors with Financial, Technological and Environmental Strengths

Thang Long Vinh Phuc Industrial Park is a model industrial park of Vinh Phuc province, leading its peers in infrastructure quality, service, environment and behavioral culture and creating breakthroughs in attracting investment capital into the province.

With the effort and determination of Vinh Phuc authorities and Sumitomo Corporation, the investor of the park, Thang Long Vinh Phuc Industrial Park was built on 213 ha in Thien Ke and Tam Hop communes, Binh Xuyen district in 2017. The first phase of investment, costing over US$70 million, was inaugurated at the end of 2018. The second phase is being accelerated to meet tenants’ investment needs. Expectedly, once completed, Thang Long Vinh Phuc Industrial Park will attract about 70 tenants from Japan and other countries and territories around the world, which will largely manufacture high-tech products and industrial components and employ about 40,000 local workers.

Recognizing the importance of sustainable industrial development, Sumitomo Corporation always seeks secondary investors with financial, technological and environmental strengths, especially those from Japan. The group rejected some projects that posed risks of environmental pollution. It used 20% of the area for trees, water surfaces and roads to create “green lungs”, reduce environmental pollution, improve aesthetics, and increase the appeal of the industrial park.

To date, Thang Long Vinh Phuc Industrial Park has attracted 28 investment projects with a total registered capital of US$454 million from many countries and territories around the world. The occupancy rate is over 60% (170.4 ha). 16 investors are from Japan, including Toto, Tsuchya TSCO, Futaba Sangyo, SEI Optifrontier and Vina MC Infonics.

In the coming time, Thang Long Vinh Phuc Industrial Park will complete the remaining items to soon lease out the rentable area. At the same time, it will exercise responsibility to the community, protect the environment, provide maximum support to partners, and join hands with others to build a growing business community.

Thang Long Vinh Phuc Industrial Park not only creates breakthroughs in attracting investment and developing an environment-friendly, high-tech industries, but also realizes the goal of making Vinh Phuc a centrally governed city.

By Nguyet Tham, Vietnam Business Forum