Quang Ninh says yes to $2 billion hi-tech complex
The Provincial People's Committee of northern Quang Ninh has given the nod to co-operation between Thailand and Vietnam in building a high-technology industrial complex.
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| The complex will provide high-tech centres, free trade zones, research and development centres, value-added products and education and urban areas. Photo dntm.vn |
At a recent meeting between the provincial people committee and two groups, Amata (Thailand) and Tuan Chau, it was stated the complex was to cover 16,000ha of Quang Yen, Uong Bi districts and Ha Long City.
It would provide high-tech centres, free trade zones, research and development centres, value-added products and education and urban areas.
Tuan Chau Group started 15 years ago in Quang Ninh Province; its first project was a road linking Tuan Chau Island and National Road No 18. Now the group has 18 smaller companies operating mostly in tourism and real estate.
Amata is Thailand's leading developer and manager of industrial estates. In Vietnam, the Amata city complex in the southern Bien Hoa City has 112 factories and more than 700ha of land. It was established in 1994,
Amata Group said phase 1 of the project would span 500ha in Quang Yen town at a cost of $1.5-2 billion. Phase 1 was expected to start this December and the first plant would go into operation next year.
Provincial chairman Nguyen Van Doc said Quang Ninh was in the northern economic hub. He said the investment was a step to convert Quang Ninh into an economic model focusing on industrial and tourism development.
Doc told local newspaper that the province would set up a steering committee for the project. Amata was understood to be working with Tuan Chau to prepare a final proposal to submit to the Government next week. - VNS
