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$1bn park supports key sector
Three domestic firms last week inked a strategic cooperation deal to build a $1 billion industrial park in the capital to muscle up supporting industries.
Industrial property developer N&G Corp, electronics and IT firm Hanel and DOJI Gold & Gems Group will develop the Hanoi Southern Supporting Industrial Park (Hanssip), based on the expansion of Dai Xuyen industrial cluster, covering 700 hectares in Phu Xuyen district, the southern gateway to Hanoi. It is situated on the main Phap Van-Cau Gie-Ninh Binh expressway and National Road 1A, about 85 kilometres from Haiphong port and 60km from Noi Bai international airport.
The specialised industrial park will welcome supporting industries, mainly hi-tech part production for textile and garments, leather and footwear, electronics-informatics, automobile and motorbike manufacturing sectors. The industrial park will meet Japanese supporting industry standards and include an urban service, logistics and trading area, plus banks, healthcare services and schools to ensure good living conditions for workers and experts working at the park.
“We are determined to develop Hanssip, contributing to the development of supporting industries in Hanoi and in Vietnam,” said N&G Corp chairman Nguyen Hoang. Hoang told VIR that N&G Corp, Hanel and DOJI late last week arrived in Tokyo to sign a cooperation deal with Shimizu Group, one of Japan’s top-five leading architectural, engineering and general contracting firm, to jointly develop Hanssip.
Hanssip is the second industrial park in the north specialised in attracting supporting industry investors. Privately-run Kinh Bac Corporation in 2009 developed an industrial park in northern Bac Ninh province, 40 kilometres from Hanoi, to lure Japanese investors operating in supporting industries.
In another development, construction started last week at Long Duc Industrial Park in southern Dong Nai province. Developed by the joint venture involving Japanese firms Sojitz Corporation, Daiwa House Industry and Kobelco Eco-Solutions and local partner Donafoods, the $50 million park also prioritises attracting Japanese investors in supporting industries.
In Vietnam’s economic development strategy for 2011-2020, the Vietnamese government considers developing supporting industries as an important task to help slash the trade deficit and make Vietnam an industrialised country by 2020. “Businesses conducting production activities in Hanssip will receive much support such as quick and simple procedures, tax incentives, workforce training assistance and particularly flexible bank loans,” Hoang said.
Nguyen Huy Tuong, vice chairman of Hanoi Municipal People’s Committee said Hanoi was now home to eight industrial parks, but all were fully occupied. Meanwhile, the city has planned to relocate thousands of manufacturing facilities from inner city areas and Hanssip will be a destination for the relocated enterprises.
Hanssip will also help develop the Phu Xuyen satellite urban area as per Hanoi’s master plan vision to 2050.
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