The Phuoc Dong Boi Loi Service Urban Industrial Park project covers over 3,150 hectares encompassing Go Dau and Trang Bang districts in the southern province of Tay Ninh. This complex will have a township of 650 hectares with a 36-hole golf course over 250 hectares, and an industrial park occupying the remaining space.
The project will be carried out in phases, with the first phase of 2,190 hectares costing VND5 trillion. It will consist of an industrial park and auxiliary facilities, said Tran Cong Kha, general director of Saigon VRG Investment Holdings Corp.
He told the seminar on investment promotion into these estates in HCMC yesterday that the first phase would be finished in 2012.
Meanwhile, the other project is Dong Nam industrial park, which covers 342 hectares encompassing two communes in Cu Chi District, 26km from the center of HCMC. This zone will have a residential area of six hectares.
The company will spend VND1.2 trillion on this industrial park, excluding the cost for the six-hectare residential area, and key infrastructure facilities will be completed in 2011.
Saigon VRG Investment Holdings Corp. will develop the two industrial parks with internal roads, waste water treatment systems, and power and water supply facilities among others. It will also build banking, insurance, and health care facilities, as well as apartments and warehouses in industrial sections of the two projects.
At the seminar, three companies committed to building factories at the two new estates.
Southern Rubber Industry Joint Stock Co., or Casumina, signed a memorandum with the project owner to lease 30 hectares in the park in Tay Ninh to build a tire factory. Kha said Casumina would invest US$200 million in the factory whose output will be for export.
Meanwhile, two other local companies signed memorandums to lease land at the park in HCMC’s Cu Chi District. Quan Dat Ltd., a HCMC-based maker of aluminum doors, window frames and construction materials, agreed to lease five hectares to build a manufacturing factory, while Vinh Kim Pharmaceutical Joint Stock Company will also build a factory there.
Le Quang Thung, general director of the parent corporation Vietnam Rubber Group, said that the two estates would meet international standards and are friendly to the environment. The group has hired an international consultant for advice on developing these projects.
Besides its core business of planting and exploiting rubber latex, the group is widening its scopes to infrastructure for industrial parks and urban areas.
Thung said that the business expansion is part of the group’s strategy to strengthen its position in its key business sectors.
At present, in localities like Tay Ninh, Binh Phuoc, Binh Duong or Dong Nai, vast areas under rubber cultivation are being converted into industrial-residential complexes due to higher values. It is the reason why the group is diversifying business, Thung said.
The group now has 12 industrial parks and new urban areas in Binh Duong, Binh Phuoc, Tay Ninh and HCMC.
(irco.biz)
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