Taiwanese firm builds workshops in Vinh Phuc
Fuhua Co., Ltd of Taiwan (China) on December 21 commenced the construction of 17 workshops for rent in the Binh Xuyen 2 Industrial Park in the northern province of Vinh Phuc.
The groundbreaking ceremony of the second period (Source: https://vinhphuc.gov.vn)As a wholly foreign-owned firm, Fuhua specialises in building industrial workshops for sale or for rent, and repairing workshops and other architectural works.
The provincial management board of industrial parks licensed the firm to invest 28.5 million USD in a 29-workshop project covering a total area of 18.8 ha in the Binh Xuyen 2 Industrial Park.
The first phase of building 12 workshops was completed in July 2015 and 11 of them have been sold and leased, contributing 86.2 billion VND (nearly 3.8 million USD) to the locality’s budget.
Yao Zi Yan, Fuhua General Director, said in this second phase, his firm will pour over 10 million USD into constructing 17 facilities, towards meeting the increasing demand of businesses.
These workshops are scheduled to be completed and put into use by the end of March next year.
According to the provincial management board of industrial parks, IPs in Vinh Phuc attracted 19 new foreign-invested projects in the last 11 months.
The local authorities have recently granted an investment certificate for Japan’s Sumitomo Corporation to develop infrastructure of the 213-hectare Thang Long Vinh Phuc industrial park, which is expected to attract 79 investment projects from Japan with a total registered capital of 1.5 billion USD.
In a bid to lure more investments, the province has paid heed to improving local business climate, attracting resources for development while building essential infrastructure and enhancing vocational training quality.
Mapping out plan for urban development and facilitating administrative procedures for investors are also given top priority.
Furthermore, the province has held talks with FDI businesses to promptly tackle their difficulties.-VNA
You should also see
HCM City moves towards Net Zero
Ho Chi Minh City is building a project to restructure its industry towards sustainable development in the 2025-2030 period, with a vision to 2050, prioritising the use of high technology and reducing emissions towards net zero emissions by 2050.
See more
Business
Vietnam among top domestic infrastructure investors: Ambassador
Vietnam is one of the leading countries in Asia in terms of investment for infrastructure development, allocating 5.7% of its Gross Domestic Product (GDP) to projects in this field, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN).
Business
Vietjet adds more flights to Dien Bien
To meet the rising demands to visit Dien Bien of people and tourists during the celebration of the 70th anniversary of the Dien Bien Phu victory, Vietjet increased the frequencies of flights between Hanoi, Ho Chi Minh City and the northwestern province to 28 per week.
Videos
Agro-forestry-fisheries products nearly double in Q1
Total export revenue from agro-forestry-fisheries products in the first three months of this year is estimated at over 13.5 billion USD, up nearly 22% over the same period last year, according to the Ministry of Agriculture and Rural Development.
Business
Beautycare Expo 2024 opens in Hanoi
The Beautycare Expo 2024 kicked off Hanoi on April 18, featuring over 250 booths from more than 15 countries and territories.
Business
Standard Chartered, US promote clean energy investments in Vietnam
Standard Chartered and the US Agency for International Development (USAID) have signed a Memorandum of Understanding (MoU) on green financing in Vietnam and to promote the deployment of advanced clean energy in Vietnam.
