Vinh Phuc accelerates land clearance for industrial park

During a working session on April 27 with representatives from Japan’s Sumitomo Group – the project’s investor, the province’s leader committed to completing the work before the slated schedule that was agreed previously. 

According to Tri, as many as 98.5 hectares within the project have been cleared and the locality plans to have a further 95 hectares cleared in May. The remaining land clearance and other works will be also completed as soon as possible. 

Yasushi Fukuda, Managing Director of the group’s business, supply and transportation and insurance division said construction of the project will be further accelerated in order to meet the increasing demand of Japanese investors who registered to operate in the IP. 

He said he hopes the local authorities will soon fulfil a road to the park and continue supporting his firm in implementing the project. 

In October last year, the provincial People’s Committee granted an investment certificate to Sumitomo to build infrastructure for the Thang Long IP, which aims to serve Japanese investors. 

Once completed, the IP is expected to draw 79 investment projects worth about US$1.5 billion from Japan, generating jobs for around 25,000 workers.