Hanoi has established an additional three industrial parks in the first five months of 2019, including two in Thach That district and one in Ung Hoa district, according to the municipal Industry and Trade Department.
Illustrative photo.
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The Cau Bau – Phase 2 industrial park in Ung Hoa district covers an area of 5.29 hectares with investment capital of VND128.32 billion (US$5.5 million). The park would serve as a production hub for small and medium enterprises (SMEs) in Quang Phu Cau craft village in business expansion and relocation, mainly operating in production of household appliances, forestry, mechanism and services.
The industrial park, scheduled for completion in the fourth quarter of 2020, is expected to minimize the environmental pollution and risks of fire in residential areas.
The Di Nau industrial park in Thach That district has an area of 10 hectares, supporting local businesses in Di Nau craft village in furniture and household appliance production.
Additionally, the park would help relocate production facilities causing environmental pollution and high risk of fire away from residential areas in Di Nau commune. The construction of the Di Nau industrial park is expected to address the issue of illegally occupying public land for facilities establishment.
With total investment capital of VND267.57 billion (US$11.48 million), the construction of Di Nau industrial park is set to be completed in the first quarter of 2021.
Meanwhile, the Chang Son – Phase 2 industrial park in Thach That has an area of 15.3 hectares, focusing on furniture and household appliances production. The park was allocated with investment fund of VND358.34 billion (US$15.38 million), scheduled for completion in the first quarter of 2021.
The expansion of the current industrial park is aimed to support local businesses in production and transportation, while constructing additional facilities in the park such as the control room, trade and service center for displaying products, wastewater treatment system and fire safety system.
More importantly, the park would help handle the lack of production facilities for local enterprises and relocating businesses away from residential areas.
Currently, the Hanoi People’s Committee is considering the establishment of other 17 industrial parks in the city. The municipal Industry and Trade Department is supporting investors in seeking approval from local authority for the establishment of 12 industrial parks and speeding up the construction of other eight.
Hanoi is scheduled to have a total of 68 industrial parks by 2020, with total investment capital of VND19.16 trillion (US$822.4 million), according to information revealed at the 2018 Hanoi Investment Cooperation Conference.
