Japanese project hoped to help spur Vinh Phuc’s development

The signing ceremony (Source: VNA)

Vinh Phuc (VNA) – The next phase of the Thang Long-Vinh Phuc Industrial Park project in Binh Xuyen district, the northern province of Vinh Phuc will be implemented under a memorandum of understanding signed on June 6.

The signatories of the document are the Vinh Phuc provincial People’s Committee, Japan’s Sumitomo Group and Thang Long-Vinh Phuc Industrial Park Co., Ltd.

Over the past two years, Vinh Phuc created the best possible conditions for Sumitomo Group to implement the project with 213 ha of land cleared for the construction.

The province has also paid attention to building roads and power and water supply systems to the industrial park while completing relevant procedures.

Akito Shiraishi, General Manager of Sumitomo’s Overseas Industrial Park Department, said the Japanese group and Thang Long-Vinh Phuc Industrial Park Co., Ltd. will work together to ensure the progress of the project and attract high-tech investors, contributing to generating jobs for local labourers and spurring local socio-economic development.

On October 22, 2015, Vinh Phuc province handed over an investment licence to Sumitomo’s project on building infrastructure in Thang Long-Vinh Phuc industrial park, which is expected to help lure 79 Japanese investors to the park.

The project is scheduled to be completed in December, 2024.-VNA

VNA