According to the development plan for industrial zones (IZs) of Dong Nai, there will be total of 34 IZs occupying more than 10 thousand hectares in the province until 2015. Now, Dong Nai is leading the country in the number of concentrated industrial zones with a total of 21 zones set up so far. Besides, the province plans to develop some major projects such as Long Thanh International Airport, new urban area in Long Thanh district…(MONRE)

Binh Dinh People’s Committee has promulgated the document on urgently stabilizing the organisation to effectively fulfill issues relating to Nhon Hoi Economic Zone (EZ).

Accordingly, Binh Dinh EZ Management Board was asked to implement urgent tasks and complete them this year, including Nhon Phuoc resettlement area, Cat Nhon-Cat Hung cemetery, and other items.

The document also steers investors of zone A, B, and C to prepare for planting trees, building pavement, lowering sand hills and other works.

The construction of Vinh Hoi and Trung Luong  tourism sites and Nhon Ly-Cat Tien sea tourism site will be focused on.

Linh Phong Pagoda complex project is also a matter of urgency. Relevant bodies were steered to soon carry out the land clearance and grant license to investors.

Binh Dinh EZ Management Board was also required to prepare for the workshop on investment promotion in Nhon Hoi EZ expected to be held in Quy Nhon city in September. (Bao Binh Dinh)

A number of investors are hesitating to pour their money into the Nhon Hoi Economic Zone because of slow construction in the area.

 “Some foreign partners of my company have plans to invest in the zone but they’re hesitating because infrastructure has not yet met their requirements,” said Hong Yeung-Vietnam Company’s Tu Phong Boi.

The Khang Thong Commerce and Trade Company was granted a tax-free investment licence for the area, with a registered capital of VND4 trillion (US$224 million). One of its partner, ALT Investment Group, visited the site, but had not yet made a decision on investing in the area.

So, it was slow construction on infrastructure projects that caused the economic zone to miss out on many investment opportunities. The head of NEZ’s management board, Man Ngoc Ly, said that in 2008, the economic zone had faced many difficulties, such as the global economic crisis, rising prices of raw materials, high interest rates, a prolonged rainy season, policy changes for land clearance and compensation and poor co-operation between functional agencies and the management board.

Difficulties

The EZ will cover a total area of 6,000ha, but up to now, only 2,000ha have been cleared. At present, the economic zone is seeing difficulties in land clearance at Hang Doi, mainway’sT26, T24, DT 639 in tourism projects and in the Vinh Hoi Project, the biggest project ever, with an investment of $250 million.

Up to now, only 20 of some 600 households have been moved. Although a number of households had received compensations and agreed to resettle, some still seemed to not understand, said deputy head of the provincial People’s Committee Le Huu Loc. It would take time to explain and convince them. This was said to be part of the cause of the slowdown. To deal with the problem, in the middle of June, the province issued Document 1828/UBND-CN to set up a committee that would directly be in charge and solve all issues relating to land clearance and compensations before the July 1 deadline.

Regarding infrastructure construction, the management board reported that up to now, floor plans and water pipes in the first phase of the water supplying project (with a total investment of VND45 billion and a capacity of 12,000cu.m per day) had been completed. The power project, which would build and operate 110kW-220kW transformer stations and a wire network, was 50 per cent complete. Infrastructure construction was expected to be completed by the end of the year.

Established in June 2005 under the Prime Minister’s decision, economic zone was expected to become a key factor in regional socio-economic development. This multiple-sector economic zone will include a non-tariff area, industrial parks, a sea port and port services, a tourism area and a new residential area, all operating under a special incentive mechanism.

Moreover, investors could easily employ labourers from neighbouring areas of Tuy Phuoc, An Nhon, Phu Cat and Quy Nhon. According to head of Trade Promotion Centre Duong Ngoc Oanh, 19 investment projects have been officially granted with investment certificates, with total registered capital of VND15.7 trillion

From now to the end of the year, the management board will concentrate on promoting infrastructure projects with capital coming from the State budget, provincial budget and investments.

Target set

The economic zone has set a target to attract VND8-10 trillion in investments, to disburse VND1.4-1.5 trillion (three times higher than in 2008) and to strengthen land clearance and compensation with VND350 billion from the State (six times higher compared with last year).

In order to achieve these goals, the management board has committed to disburse capital and pay bidders on time. In addition, they will improve the effectiveness of management and boost co-operation with authorities and functional agencies. Next, the management board will discuss and share the burdens of the bidders. And, last but not least, they will raise the quality of consultancy, design and supervision to ensure the quality of the construction projects.

Hopefully, with these efforts, the economic zone will soon be completed and become operational, attracting more home and overseas investors.

“The economic zone is expected to bring a promising future for the province’s socio-economic development. We warmly welcome investments and support,” Binh Dinh Province deputy head Le Huu Loc said.

• Source: VNS

Megastar land plans to invest $70 million in the construction project of Yen My Business Park located in Yen My Dist, Hung Yen province, in the south east of Hanoi. The new industrial zone is 30 kilometres away from the centre of Hanoi, about 50 kilometres far from Noi Bai International Airport, 80 kilometres of Hai Phong Port and 140 kilometres of Cai Lan Port.

The Megastar Business Yen My, with total construction area of about 200 hectares, will be divided into standard plots of 0.5-2 hectares and large plots of 4-20 hectares. There will be offices for lease and factories for lease (using unit of 1,000 square metres).

In addition, similar to other industrial zones and high-tech zones, Megastar Business Park will be constructed in many multifunctional development areas, including variety of multifunctional complex, serving different using purposes from workshops to office buildings, showrooms, trade centres, houses and apartments. (Vietnam Real Estate Market)

The northern province of Vinh Phuc has managed to attract over 40 new projects since the beginning of the year, worth a total of US$136.7 million, despite the impacts of the global economic crisis.

The province now ranks fifth nationwide in attracting investment.

Among the most recently licensed projects are five foreign-invested projects worth US$80.5 million, raising the total number to 400, with a total of cumulative capital worth about US$2 billion and creating about 35,000 jobs.

20 existing foreign-invested projects have increased their levels of registered capital by US$100 million, mainly in the field of computer and electronics production.

Vinh Phuc plans to set up another 10 additional industrial zones covering 4,589ha over the next six years, and another 10 covering 3,176ha by 2020, said the head of the provincial industrial zones authority, Nguyen Cong Loc, bringing the total number of industrial zones in the province to 29. (VOV)

The northern province of Hai Duong is striving to build seven new industrial zones (IZs) by 2020 while expanding the area of its current three IZs, according to the zones’ management board.

The new IZs are Quoc Tuan-An Binh, Kim Thanh, Luong Dien – Ngoc Lien, Binh Giang, Thanh Ha, Hoang Dieu and Hung Dao.

The province is currently home to 10 IZs, six of which are occupied, including Nam Sach, Dai An (first phrase), Phuc Dien, Viet Hoa-Kenmark and Tan Thuy-Lai Vu.

Provincial authorities have simplified investment procedures, said the board, adding that local leaders pledged continued application of the “one-stop” mechanism at local IZs.

The province offered 10-year land rent exemption and a 50 per cent land rent reduction for the next 10 years for investors building production facilities in local industrial zones, plus a number of other incentives, including financial support for site clearance and exemption and reduction of corporate income tax for investors.

To date, Hai Duong IZs have attracted 118 domestic and foreign-invested projects worth a combined total of US$1.84 billion. Ninety-three are foreign-invested, worth a total of $1.43 billion, with investment pouring in from 14 countries and territories.

The province has issued a list of projects calling for foreign direct investment by next year. It encouraged foreign firms to invest in 17 projects in footwear, processing, wooden furniture, packaging, electronics, construction materials and automobiles.

In order to better facilitate investment and infrastructure the province’s IZs will be further improved, local authorities said.

(MONRE)