Thailand pours VND 3.5 trillion into Quang Ninh

Thứ Hai, 02/04/2018, 15:45

PSNews – Representative of Quang Ninh authorities handed over the Investment registration certificate for projects on construction and business of industrial park infrastructure to Amata group on March 30.

The event was witnessed by Prime Minister Nguyen Xuan Phuc and his Thai counterpart Prayut Chan-o-cha as well as representatives of Quang Ninh authorities and Thai investors.

Covering an area of 714 hectares, the project of Song Khoai Industrial Park located across four communes including Song Khoai, Minh Thanh, Dong Mai and Cong Hoa (Quang Yen town).

The construction will be divided into five phases with the total investment capital of VND3.5 trillion (about US 155 million). According to plan, the first phase will welcome the first customers (manufacturing and processing sector, hi-tech, biotechnology, and software) by the end of 2019

In reality, Amata has been planning to develop the project in 2013 after the group, in collaboration with the Quang Ninh People’s Committee and Tuan Chau Group, signed a memorandum of understanding to develop a hi-tech industrial park and township complex located in Phuong Dong ward of the province.

Earlier, the construction of the project was to be kicked off in December 2013 and finished by the end of 2014. However, the construction was delayed since the investor proposed to change the site from Phuong Dong ward to Song Khoai commune.

Amata entered Vietnam in 1994 via establishing Amata Vietnam, a joint venture of Amata Corporation PCL and Vietnamese Sonadezi Bien Hoa, a state-owned industrial real estate developer in Dong Nai. To date, it developed two projects in Dong Nai, including Amata City Bien Hoa and Amata City Long Thanh.

Accordingly, Amata City Bien Hoa is home to 164 investors from 21 countries and territories with the total registered investment of $2.66 billion and generates 49,000 jobs.

By Linh Bui