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Cong Hoa industrial park (IP) in Chi Linh city, Hai Duong province, has secured new investment commitments from three companies with a total registered capital of approximately 34 million USD.
Vietnam Rubber IP and Urban Development JSC., the infrastructure developer of Cong Hoa IP, has recently signed principle land lease agreements with three domestic and foreign enterprises.
The new investors include Ho Star Development Limited from Hong Kong, China. The two others were Ho Nguyen Group Corporation in Hai Duong city and Chi Linh Medicinal Herb JSC. in Chi Linh city, both are in Hai Duong province.
Among them, Ho Star Development Limited pledged to spend 10 million USD building a 1-hectare facility for manufacturing children's toys and internationally-certified packaging boxes. The project is expected to generate employment for around 350 workers.
Ho Nguyen Group Corporation will pour more than 20 million USD in a 4-hectare concrete spun pile manufacturing plant to meet regional infrastructure construction demands. The facility is projected to create jobs for 100 workers.
Meanwhile, Chi Linh Medicinal Herb JSC. hired 0.5 hectares of land to build an herbal extraction and health supplement production facility, with a total investment of nearly 4 million USD. The plant aims to employ approximately 150 people.
The IP’s developer pledged full support for the investors throughout the project implementation by providing assistance with legal documentation and administrative procedures and connecting businesses with relevant service providers to help accelerate construction and ensure timely, stable production operations.
Cong Hoa IP has so far attracted 17 secondary investment projects with a combined value exceeding 400 million USD, the majority of which came from foreign capital. The park currently boasts a 99% occupancy rate.
MINH NGUYEN
