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  • News in Vietnam
  • 28 October 2022

Tien Giang to plan 27 industrial clusters of more than 1,000 ha

As set out in industrial development planning agenda to 2020 and vision to 2030 of Tien Giang, 27 industrial clusters have been listed with the area of more than 1,000ha, 5 of which are currently being operated including Trung An, Tan Chanh My, Song Thuan, An Thanh and Gia Thuan 1 with total area of about 157 ha.

The entire registered investment capital for infrastructure business, attracting 79 secondary projects (of which 6 FDI projects) with area of leased land of 88.73/120.56 ha, equivalent to 73.6 per cent of leased industrial land and creating more than 21,700 job vacancies, is 422 billion VND.

Four industrial clusters including Tan Ly Dong, My Phuoc Tay, Thanh Tan and Gia Thuan 2 are under infrastructure investment with 199.3 ha of total area and 1,091 billion VND of investment capital. The infrastructure investment of industrial cluster are owned by private enterprises.

Furthermore, People’s Committee of the province has granted decision of investment policy for many industrial clusters namely My Loi industrial Cluster – Go Cong town, Long Binh and Vinh Huu industrial Clusters in Go Cong Tay district.

Provincial People’s Committee said that construction of local industrial clusters over the past time have been conducted in line with planning agenda meeting requirements and attracting infrastructure investors, creating available premises for manufacturing enterprises and contributing to economic reform in accordance with the orientation of increasing percentage of non-agricultural area and declining the presence of agricultural area. Meanwhile, The province is expected to provide more employment and improve residents’ standard of living in rural area.

However, in the process of planning industrial clusters in the province, there retains many difficulties in terms of mechanisms and strategies supporting the development of industrial clusters, which are not attractive enough to attract investors.  Financial support and establishment of companies in industrial clusters are still in adversity; Compensation, site clearance, land acquisition and resettlement not smoothly conducted slow down the progress of infrastructure investors in project implementation.

Therefore, in the coming time, Provincial People’s Committee requires the compliance with planning principles. Having problems during the implementation of the plan with enough basis proof of an unqualified industrial cluster, it will eagerly expose or adjust accordingly. In addition, the legal basis must be complied with, specifically the preferential regulations for industrial clusters, which propose the Ministry of Industry and Trade and related sectors to adjust the planning on development of industrial clusters in the direction of calling for investment., adjustment in corresponding to recommendations and proposals of enterprises and investors.

In 2022, ahead the investment wave after the Covid-19 pandemic, Tien Giang will continue to complete the infrastructure of industrial parks and clusters to create favorable and necessary conditions for fulfilling industrial parks area. Besides, the Province will successfully implement planning, site clearance, land policy, etc., to form industrial production areas.

The province’s goal by 2022 is to attract projects in the agro-forestry-fishery processing industry and low-labor and hi-tech industries, reduce the proportion of outsourcing projects and the impact on the environment. Moreover, the province will incline to call for investment in high-tech agriculture and aquaculture; focus on attracting investment from countries such as the US, Japan, Korea…