BaRia – Vung Tau (VNA) – The southern province of Ba Ria – Vung Ta💮u is taking measures to attract investors to local industrial parks (IPs).
The locality is home to 15 IPs, including nineoperational parks with an average occupancy of over 47 percent.
In Chau Duc industrial zone in Chau Ducdistrict, technical infrastructure has been upgraded with a four-lane road and aclean water supply plant with a daily capacity of 75,000 cu. m in the firststage and nearly 150,000 cu.m in the second stage. Construction on threeconcentrated wastewater treatment plants is also underway.
Pham Xuan Bach, Chairman of the Board ofDirectors of Sonadezi Chau Duc JSC, investor of the zone, said the zone has sofar attracted 16 investors and is expected to raise occupancy to about 50percent by 2020.
General Director of Tin Nghia – Phuong DongIndustrial Park Jsc, investor of Dat Do 1 industrial zone, Nguyen Khac Thanhsaid Dongjin Global Ltd company, a fully Korean invested firm, has put a plant intooperation to manufacture cable and power lines and automobile spare parts, creatingjobs for 400 workers.
Seven other investors have also receivedinvestment certificates in the zone. The investor hoped that the total leasearea will reach 50ha this year, accounting for 25 percent of the total.
According to the provincial IPs managementboard, the total number of projects in local IPs hit 339 as of the beginning ofthis 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 managementboard, said it has asked the provincial People’s Committee to cut licensing proceduresand allow the board to license seven types of projects in the fields oftechnology, support industry, information technology, hardware and softwareproduction, workforce training in support and logistics industries which arenot subject to approval of the Prime Minister or the provincial People’sCommittee.-VNA
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The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
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Illustrative image (Source: VNA) 
