Japan’s Sumitomo Corporation and Thang Long Vinh Phuc Industrial Park Co., Ltd inaugurated the first phase of Thang Long Industry Park in the northern province of Vinh Phuc on Thursday.

The industrial park, constructed since September 2017, covers more than 213ha in Thien Ke and Tam Hop communes of Binh Xuyen District.

The project has completed the first phase of technical infrastructure including surrounding walls, traffic system and water supply and drainage systems.

Vinh Phuc Province has also built infrastructure projects outside the industrial park to support investors and attract businesses.

Currently, Thang Long Industry Park has drawn eight investors from Japan with total investment of more than US$150 million.

It is expected that once operational, the industrial zone will attract 80 secondary investment projects from Japan and employ more than 30,000 workers, contributing significantly to the economic growth of the province.

The park wants projects in non-polluting industries, prioritising high-tech projects, support industry, spare parts production in service of the auto and motorcycle sector and precision engineering.

Speaking at the launch ceremony, chairman of the Provincial People’s Committee Nguyen Van Tri said this event marked the efforts of authorities and Sumitomo Corporation, as well as opening a new stage in the process of developing the province’s industrial sector.

The chairman also requested Sumitomo Corporation and Thang Long Vinh Phuc Industrial Park Co., Ltd to deploy the second phase of the project in the shortest time, and soon fill up the industrial park. — VNS