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PM oks to develop infrastructure for Sông Công IZ in Thái Nguyên

Update: March, 27/2017 - 18:00
Covering 250ha in Tân Quang Commune, the IZ is offering several incentives to lure investment. - Photo
Viet Nam News

HÀ NỘI — Prime Minister Nguyễn Xuân Phúc has approved a proposal to develop infrastructure facilities for the Sông Công II Industrial Zone (IZ) in the northern province of Thái Nguyên.

The plan, expected to cost over VNĐ1.75 trillion (US$77.3 million), aims to attract more investors to the IZ, particularly those specilising in machinery, engineering, electronics and automobile production and assembly, thus contributing to local socio-economic development. It will be implemented from now to 2020. 

The provincial People’s Committee is to instruct the Thái Nguyên IZs Authority to work with relevant bodies to complete a project feasibility study and submit it to competence agencies for approval.

Covering 250ha in Tân Quang Commune, the IZ continues to offer several incentives to lure investment, including land rental reduction, exemption for paying infrastructure fees and financial support in human resource training. — VNS

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