Japanese project hoped to help spur Vinh Phuc’s development

The signing ceremony (Source: VNA)

VinhPhuc (VNA) – The next phase of the Thang Long-Vinh Phuc Industrial Parkproject in Binh Xuyen district, the northern province of Vinh Phuc will beimplemented under a memorandum of understanding signed on June 6.

Thesignatories of the document are the Vinh Phuc provincial People’s Committee,Japan’s Sumitomo Group and Thang Long-Vinh Phuc Industrial Park Co., Ltd.

Overthe past two years, Vinh Phuc created the best possible conditions for SumitomoGroup to implement the project with 213 ha of land cleared for theconstruction.

Theprovince has also paid attention to building roads and power and water supplysystems to the industrial park while completing relevant procedures.

AkitoShiraishi, General Manager of Sumitomo’s Overseas Industrial Park Department,said the Japanese group and Thang Long-Vinh Phuc Industrial Park Co., Ltd. willwork together to ensure the progress of the project and attract high-tech investors,contributing to generating jobs for local labourers and spurring localsocio-economic development.

OnOctober 22, 2015, Vinh Phuc province handed over an investment licence toSumitomo’s project on building infrastructure in Thang Long-Vinh Phuc industrialpark, which is expected to help lure 79 Japanese investors to the park.

Theproject is scheduled to be completed in December, 2024.-VNA

VNA