The US$469-million Xuan Cau Industrial and Non-Tariff Cluster is located at Lach Huyen Deep Sea Port in the northern port city of Haiphong.
The Xuan Cau Industrial and Non-Tariff Cluster is urged to be able to compete with Vietnam-Singapore industrial parks (VSIPs) and other foreign investors’ industrial zones in Vietnam, Prime Minister Pham Minh Chinh said at the groundbreaking ceremony of the project on May 13.
Delegates attend the groundbreaking ceremony of the project in Haiphong City. Photo: Vinh Quan/ The Hanoi Times |
Speaking at the event, the Prime Minister highly appreciated the Xuan Cau Industrial Park and Non-Tariff Zone and asked state agencies and local authorities to support and facilitate the project, urging them to simplify administrative procedures and remove obstacles to help the investor meet the construction deadline with international standards.
Invested by Vietnamese firm, Xuan Cau-Lach Huyen Investment JSC, the project covers 369 hectares of industrial production areas and 173 hectares of warehousing and logistics service areas in Dinh Vu-Cat Hai Economic Zone. According to the Haiphong City People's Committee, the seaport industrial park will play a logistics role for Lach Huyen Port, which can handle container ships of up to 150,000 DWT.
The first phase is expected to be completed in 2025 and will employ about 50,000 workers.
The city’s authorities expected the industrial cluster will attract the world's leading shipping and logistics firms and boost foreign direct investment (FDI) attraction, partly promoting socio-economic development of the city and the whole country.
Other News
- Hanoi seeks ideas for cultural park in Red River
- Upcoming Law on industrial park – Vietnam’s passage to attract new foreign investment wave
- Hanoi to build 14 urban railway lines
- Hanoi People’s Council set to ratify capital planning until 2045 in late March
- Hanoi aims to complete An Duong – Thanh Nien overpass in June
- Hanoi nears start of construction on US$660-million Tran Hung Dao Bridge project
- Hanoi creates favorable conditions for Turkish businesses
- Transforming Thien Quang Lake: Central hub for community connectivity
- PM urges to accelerate investment in expressway projects
- State President highlights Hanoi’s effort in implementing Ring Road No.4 project
Trending
-
Vietnam celebrates Ho Chi Minh’s birthday
-
Vietnamese enterprises anticipate ASEAN common visa policy
-
Vietnam, Denmark seek to concretize Green Strategic Partnership
-
Hanoi Times Podcast - May 18
-
Hanoi's 70th liberation anniversary literary and art contest launched
-
Japanese duo of illusionists to wow audiences in Vietnam
-
Walking tour to experience public arts in the heart of Hanoi
-
Propaganda poster contests launched for Hanoi’s 70th liberation anniversary
-
Bas-reliefs on Hue's nine dynastic urns listed as UNESCO heritage