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Sumitomo begins building Thang Long Industrial Park III

Japan’s Sumitomo Corporation broke the ground for the construction of its third Thang Long Industrial Park (TLIP III) in Vietnam in the northern province of Vinh Phuc on September 21.
Sumitomo begins building Thang Long Industrial Park III ảnh 1Deputy Prime Minister Trinh Dinh Dung attends the groundbreaking ceremony (Source: VNA)

Vinh Phuc (VNA) – Japan’s Sumitomo Corporation broke the ground for the constructionof its third Thang Long Industrial Park (TLIP III) in Vietnam in the northernprovince of Vinh Phuc on September 21.

TLIP III covers more than 213 hectares in Thien Ke and Tam Hop communes of BinhXuyen district. It is expected to generate jobs for thousands of labourers.

The park is callingfor projects on non-polluting industries, prioritising high-tech projects,support industry, spare parts production in service of the auto and motorcyclesector, and precision engineering, among others.

In his remarks,Deputy Prime Minister Trinh Dinh Dung noted his hope that Sumitomo will build TLIPIII into a model in terms of infrastructure and environment in Vietnam ingeneral and Vinh Phuc in particular.

He called onSumitomo, with its prestige, will continue to work as a bridge for otherJapanese businesses to invest in Vietnam.

Dung also askedcompetent agencies and all-level authorities in Vinh Phuc to create the bestpossible conditions for investors, especially Sumitomo, and TLIP III, notingthat Japanese businesses have contributed to creating breakthroughs in VinhPhuc and other Vietnamese cities and provinces.

On October 22, 2015,Vinh Phuc licensed a project to develop infrastructure in TLIP III, which isthe tenth out of 19 industrial parks ratified by the Prime Minister to be builtby 2020.

The province isexpected to attract 79 Japanese projects after TLIP III is put into service.

Sumitomo built TLIPI and II in Hanoi and the northern province of Hung Yen.-VNA 
VNA
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