The Central Highlands province of Dak Nong has invested over one trillion VND (47 million USD) in building infrastructure systems in industrial zones and clusters in the locality.

Accordingly, the money was poured into Tam Thang and Nhan Co industrial parks (IPs) in the districts of Cu Jut and DakR’lap and industrial clusters in Dak G’ Long, Dak Song, Krong No, Tuy Duc and Dak Mil district as well as Gia Nghia town.

Covering an area of 181 ha with a basically completed-infrastructure system, Tam Thang IP has so far seen an occupancy rate of more than 77 percent, with 20 operational projects along with four projects under construction and six newly-licensed projects.

Nhan Co IP has a total area of 95 ha, mainly serving bauxite ore exploitation and alumina metallurgy industries. The Nhan Co alumina production plant at the IP has a total investment of 16 trillion VND (752 million USD) and an annual capacity of 650,000 tonnes. The factory is scheduled to be completed by the end of 2014.

In the January-December period of this year, the province’s industrial parks and clusters saw 189 investment projects in operation with a total investment of 1.7 billion USD and a disbursed capital of 680 million USD, generating jobs for 5,000-10,000 labourers per year.

According to orientations given by the provincial authority, the industrial parks and clusters must be associated with production, processing and consumption of agro-forestry produce, and focus on industries - craft and small industries in connection with localities’ strength and potential.

In order to promote the development of industrial parks and clusters, the province has mapped out and implemented effectively policies for industry development to attract more investment to the sector, thus fostering economic development, creating jobs and improving the income for local people.

The province gave priority to developing key industries such as coffee, rubber, cashew, pepper and wood processing; construction materials production and exploiting sand and stone. These are expected to boost the province’s economic restructure in the direction of industrialisation and modernisation.

It also encourages enterprises operating in the locality to use advanced technologies and equipment in production to raise output and quality, reduce the price of products and enhance competitiveness in domestic and foreign markets, thus promoting exports and ensuring sustainable development.-VNA