Investments in Chu Trinh Industrial Park: New Opportunities for Cao Bang!

Investments in Chu Trinh Industrial Park: New Opportunities for Cao Bang!

Die Hung Thinh Cao Bang Mineral Joint Stock Company, ansässig in Pac Miau, Bezirk Bao Lam, hat große Pläne für die Zukunft. The Company is currently engaged in a lead and zinc extraction project at the Ban Bo mine in Mong An and Thai Hoc townships. The mined minerals are then processed in-house and sold as products to domestic companies, with a key focus on developing their production capabilities. To increase efficiency and production availability, Hung Thinh Cao Bang plans to build a new lead-zinc smelting plant in Chu Trinh Industrial Park, Cao Bang City, with a capacity of 10,000 tons per year.

However, there are challenges. Der Bauplan für die neue Fabrik existiert bislang nur auf dem Papier, da es an verfügbarer Landfläche für die Umsetzung mangelt. Chu Trinh Industrial Park is experiencing significant site clearance problems, hampering the availability of land for new investment projects. Ein großes Manko ist die unzureichende Fortschrittlichkeit bei der Rodung des Geländes; bisher sind nur mehr als 17 Hektar von insgesamt fast 81 Hektar gerodet worden. Still, Cao Bang's government has shown interest in better coordination and has called on the economic zone management committee to speed up progress to allow companies to settle in the industrial park more quickly.

Challenges in Chu Trinh Industrial Park

Chu Trinh Industrial Park, established on April 11, 2014, aims to attract investors from various industries, particularly in light industry and agro-processing. Despite the positive objectives, the current land occupancy rate is insufficient at less than 10%, which increases stress among investors waiting for building land. Problems with converting to natural forest use and the need for environmental impact assessments are also reasons for the delays.

An important step towards improving infrastructure in the industrial park was the suspension of the activities of the infrastructure project on December 21, 2021. The management committee has proposed changing the investment policy to invest more capital in site clearance, while the cost of reforestation has increased from VND 2.5 billion to VND 13.7 billion.

Development and investment opportunities

However, in addition to the challenges in the industrial park, there are also advances in agro-processing. The Development of Agriculture and Environmental Consulting Company Limited (DACE) has partnered with over 3,000 farming households since 2015 and is promoting investment in three agro-processing factories within Cao Bang. The construction of a processing factory in Thach An District is nearing completion, while the ginger processing factory project in Ha Quang District is still awaiting implementation. Annually, DACE purchases around 6,000 to 7,000 tons of agricultural products worth tens to over 100 billion VND.

The Chu Trinh Industrial Park is not only important for mineral processing and agricultural production; it could also become a strategic center for consumer goods manufacturing and engineering. With a total area of ​​over 80 hectares, the development potential is great, including through low wages and some tax breaks for new companies. While infrastructure coordination faces challenges, the long-term goals are clear: to build a sustainable industrial structure and position Cao Bang as a major location for investment.

There are numerous advantages for investors in the Chu Trinh Industrial Park, including favorable cost structures and a strategic location close to important transport links. Despite the current challenges, the region is poised to develop and make an important contribution to the economic development of Cao Bang Province.