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Sunday, October 24, 2021

Three foreign corporations eye investment in IP projects in Quang Ninh

The Saigon Times

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HCMC – Thai Amata Corporation along with Japanese Marubeni Corporation, and South Korean GS Group have proposed developing two industrial parks (IPs) in the northern province of Quang Ninh.

Amata Corporation and its partners sent a report to the provincial authorities, presenting their plans to develop the IP projects in the hi-tech urban complex in the province’s Quang Yen Coastal Economic Zone, reported VnExpress.

Marubeni proposed building a 724-hectare IP, while GS suggested developing a 676-hectare facility. These two IPs would offer sufficient healthcare, education and training services to workers in the parks as well as residents in the neighborhood.

The provincial government requested Amata to support Marubeni and GS in facilitating research to build the facilities with a proper land fund. The northern province wants Marubeni and GS to study the projects in the Song Khoai Industrial Zone developed by Amata, as the available land fund in the zone remains large.

According to the province, the Quang Yen Coastal Economic Zone is home to many industrial zones but the occupancy rate is modest and lower than expected. Meanwhile, the province developed an adequate amount of infrastructure facilities and offered investment incentives.

This economic zone will have its zoning plan and land fund reviewed to attract more investors, said the province’s officials.

Amata Corporation is implementing several projects in Quang Ninh, including the 714-hectare Song Khoai industrial zone in Quang Yen. The project requires over VND3.5 trillion and was scheduled for construction in the 2018-2026 period. Besides, Amata proposed studying the investment in the Amata Ha Long smart city project, which will cover 1,720 hectares of land in the province’s Uong Bi City and Quang Yen Town.

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