Fuhua Co., Ltd of Taiwan (China) on December 21 commenced the construction of 17 workshops for rent in the Binh Xuyen 2 Industrial Park in the northern province of Vinh Phuc.
The groundbreaking ceremony of the second period (Source: //vinhphuc.gov.vn)
Vinh Phuc (VNA) – Fuhua Co., Ltdof Taiwan (China) on December 21 commenced the construction of 17 workshops forrent in the Binh Xuyen 2 Industrial Park in the northern province of Vinh Phuc.
As a wholly foreign-owned firm, Fuhua specialisesin building industrial workshops for sale or for rent, and repairing workshopsand other architectural works.
The provincial management board of industrialparks licensed the firm to invest 28.5 million USD in a 29-workshop projectcovering a total area of 18.8 ha in the Binh Xuyen 2 Industrial Park.
The first phase of building 12 workshops was completed in July 2015 and 11 ofthem have been sold and leased, contributing 86.2 billion VND (nearly 3.8million USD) to the locality’s budget.
Yao Zi Yan, Fuhua General Director, said in thissecond phase, his firm will pour over 10 million USD into constructing 17facilities, towards meeting the increasing demand of businesses.
These workshops are scheduled to be completedand put into use by the end of March next year.
According to the provincial management board ofindustrial parks, IPs in Vinh Phuc attracted 19 new foreign-invested projectsin the last 11 months.
The local authorities have recently granted an investmentcertificate for Japan’s Sumitomo Corporation to develop infrastructure of the213-hectare Thang Long Vinh Phuc industrial park, which is expected to attract79 investment projects from Japan with a total registered capital of 1.5billion USD.
In a bid to lure more investments, the provincehas paid heed to improving local business climate, attracting resources fordevelopment while building essential infrastructure and enhancing vocationaltraining quality.
Mapping out plan for urban development andfacilitating administrative procedures for investors are also given toppriority.
Furthermore, the province has held talks withFDI businesses to promptly tackle their difficulties.-VNA
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The groundbreaking ceremony of the second period (Source: //vinhphuc.gov.vn) 
