Hanoi (VNA) – Deputy Prime Minister Le Minh Khai has agreed in principle to a project to develop the Tho Hoang Industrial Park in the northern province of Hung Yen.

The industrial park, spanning Van Du, Xuan Truc and Quang Lang communes and An Thi town of An Thi district, will be built at the total cost of over 3.1 trillion VND (121.8 million USD) with the An Thi Infrastructure Investment and Development Joint Stock Company as developer

Meanwhile, the provincial People’s Committee must ensure the accuracy of the information, data and appraisal content in accordance with the law, take on the responsibility for the project matching with the approved planning, and collect opinions from the ministries and sectors.

Additionally, it must update the location and scale of the industrial park to the local industrial park system plan to integrate the contents into the province’s master plan for the 2021-2030 period with a vision to 2050 and its land-use plan for the 2021-2025 period, and submit for competent authorities’ approval in accordance with land planning and laws.

The provincial People’s Committee must direct the Management Board of the Industrial Parks and relevant agencies to review and assure that the construction site meets the requirements of the promotion of the cultural heritage values and other conditions in accordance with the related laws.

The An Thi Infrastructure Investment and Development Joint Stock Company is responsible for the legality, accuracy and honesty of the project’s documents sent to competent authorities. It must collect opinions from ministries, sectors and the provincial People’s Committee, and comply with relevant regulations.

Hung Yen province expects to attract 600 million USD in foreign direct investment (FDI) to its industrial parks this year.

To achieve the target, the locality will continue support to businesses, focusing on organising investment promotion conferences with investors from the Republic of Korea, Japan, the US and Europe, thus luring big groups and projects with cutting-edge technologies, and joining global value chains.

♕ According to the provincial Statistics Office, Hung Yen counts 543 FDI projects worth nearly 7 billion USD, of which 172 projects valued at 3,8 billion USD have been run by Japan – its biggest investor./.