(VEN) - Thanks to the support of Binh Duong People's Committee, as well as the many advantages created by the Binh Duong Mineral and Construction Join Stock Company, Dat Cuoc Industrial Park has become an ideal destination, providing integrated facilities for both domestic and foreign investors. In 2007, Dat Cuoc Industrial Park was established across a total area of 212ha divided into two divisions. To date, Binh Duong Mineral and Construction Join Stock Company have completed the infrastructure investment in accordance with the detailed plans approved by the People's Committee of Binh Duong Province. … [Read more...] about Dat Cuoc Industrial Park welcomes investors
Industrial park
Criminals prey on industrial park workers
With paltry incomes hardly enough to scrape by on, poor and desperate workers are being brutalized by thieves, loan sharks, swindlers and other criminals Factory workers change shifts at an industrial park in Vietnam. Many workers at industrial parks in Binh Duong Province's Ben Cat District have fallen victims to a variety of crimes meant to extort their hard-earned money, which is often already too little to pay for decent housing and healthy meals. … [Read more...] about Criminals prey on industrial park workers
Industrial park acts as Vietnam, Singapore flagship development
(VEN) - Vietnam Singapore Industrial Park (VISP) is a world-class industrial park development company that was initiated by the governments of Vietnam and Singapore. The VSIP aims to create an environment to support investors and contribute to Vietnam's long-term development. Vietnam Economic News' Hoa Le spoke with Low Sin Leng, Executive Chairman of Sembcorp Development and Co-chairman of VSIP Group about its business activities. As a co-chairman of the VSIP, could you please tell us what the fulfilling rate of VSIP is? When is VSIP expected to be filled? … [Read more...] about Industrial park acts as Vietnam, Singapore flagship development
Industrial parks abandoned with no infrastructure
Attracting even a single investor is now beyond the reach of certain industrial parks in the Mekong Delta province of Tien Giang, as their infrastructure projects have remained in the blueprints for years. The large land plots inside the industrial parks (IP) are thus left abandoned, while farmers, who had to relocate to give their lands to the construction, have nowhere to start work on their agricultural production. After receiving the go-ahead in late 2008, the 285-hectare Soai Rap Industrial Park in Go Cong Dong District has so far received only one investor -- the Petrovietnam Steel Pipe JSC. Most of the IP area is now covered with weeds. Located not far from Soia Rap IP is the Binh Dong IP, spanning 220 hectares in Go Cong Town. The project was approved three years ago, but no construction work has ever been started. Nguyen Anh Tuan, chairman of the town’s people’s committee, said the infrastructure contractor Khang Thong Co has planned to build a 10-hectare … [Read more...] about Industrial parks abandoned with no infrastructure
MPI defends industrial parks
The Ministry of Planning and Investment has come out on the front foot after criticism from National Assembly deputies that industrial parks are nothing more than a big waste of space. The attacks came after the government announced plans to add a further 260 industrial parks to the country’s current tally of 267 by 2020. The government also revealed it wanted to raise total industrial land to 200,000 hectares by 2020, well up on the 73,000ha already given over to industrial use. These ambitious plans met with fierce opposition from many National Assembly deputies with Ho Chi Minh City deputy Tran Du Lich saying it would take 50 years from now to use up the existing 73,000ha of industrial land. But a report from the Department of Economic Zones Management at the Ministry of Planning and Investment (MPI) said the development of the industrial parks was not a waste of land. The report estimates the existing industrial park land will see full occupation by 2015. Many private … [Read more...] about MPI defends industrial parks