Vinh Phuc Province urged to speed up Thang Long IP

Leaders of the northern province of Vĩnh Phúc has urged functional departments to create favourable conditions for the construction of the Thăng Long-Vĩnh Phúc industrial park so that the project begins operations soon.

In October 2015, Vĩnh Phúc Province granted an investment licence to Japan’s Sumitomo Group to build infrastructure at the Thăng Long-Vĩnh Phúc industrial park.

Covering more than 213ha in Bình Xuyên District, the park is expected to help attract 79 projects and create a breakthrough for the local industry, which is mainly driven by the auto and motorcycle sectors.

According to the Sumitomo Group, the park will attract non-polluting industries and prioritise high technology projects, such as manufacturing engine, spare parts and components for the automotive and motorcycle industries; electronic accessories; precisive mechanical products and supporting industries.

Once the project’s technical infrastructure and services are operational in late 2024, the park will generate some 25,000 jobs and contribute significantly to the State budget.

Thăng Long-Vĩnh Phúc industrial park is the tenth among the 19 prioritised industrial parks ratified by the Prime Minister in Vĩnh Phúc Province by 2020.

Source: VNA

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