Work starts on 230 million USD industrial zone in Long An
The construction of the Nam Thuan Industrial Zone (IZ), worth over 5.3 trillion VND (230 million USD), began in the southern province of Long An on April 21.
Businesses sign a contract on investment in the Nam Thuan Industrial Zone on April 21. (Photo: VNA)
Long An (VNA) - The construction of the Nam Thuan Industrial Zone(IZ), worth over 5.3 trillion VND (230 million USD), began in the southernprovince of Long An on April 21.
The IZ, built by the Dai Loc Long An JSC, covers more than 308ha in Duc Hoa district.It will serve a wide range of sectors including electronics andtelecommunications, mechanical engineering, weaving, dyeing and garment, woodand food and beverage processing.
Trinh Van Hai, the company's general director, described the IZ as an importantproject in the development plan of his enterprise while contributing to turningLong An into a bright spot of development in the Southwest region.
The company targets to complete the zone's technical infrastructure of about180ha by the end of 2023 so that the zone will be inaugurated one year later,he added.
To date, 18 businesses have signed contracts in principle with the investor onleasing nearly 30ha of land. This figure is expected to increase to about100ha by the end of this year.
Out of 37 planned IZs in the province, 16 are operational, attracting over1,700 projects, said Chairman of the provincial People's Committee Nguyen VanUt, adding their occupancy rate is 91.7 percent.
The chairman said the development of the Nam Thuan IZ will make an importantcontribution to increasing the clean land fund to attract investment andpromote the local socio-economic development.
He suggested the investor speedup site clearance and complete the infrastructure to receive secondaryinvestors. At the same time, he required relevant units and sectors to activelysupport the enterprise in implementing its project.
During the event, the committee also granted investment certificates to fourprojects in the Xuyen A IZ, with a total investment capital of more than 5trillion VND./.
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Businesses sign a contract on investment in the Nam Thuan Industrial Zone on April 21. (Photo: VNA) 
