Song Cong II: Mega investments of VND 4,000 billion secure the future!

Song Cong II: Mega investments of VND 4,000 billion secure the future!

The second phase of the Song Cong II Industrial Park infrastructure investment and construction project is progressing smoothly with the support of local authorities. In the past five years, the city of Song Cong has made intensive efforts to attract investment and regularly coordinates with relevant departments. These measures are aimed at developing attractive mechanisms for potential investors and efficiently implementing investment programs, such as vietnam.vn reported.

Given the challenges of site clearance, which also affect the interests of the population, Mr. Nguyen The Anh, Director of the City Land Fund Development Center, underlines the support for investors during this process. Over the past five years, over 459 hectares of land have been reclaimed for projects, resulting in compensation and assistance of over VND2,775 billion. The city has reformed its administrative processes to increase citizen and business satisfaction, with 100% of regional businesses using electronic tax returns and payments.

Developments in the industrial park

The growth rate of the industrial and construction sector in Song Cong is an impressive 17% per year. With an expansion to 296 hectares, Song Cong II Industrial Park has a total investment volume of nearly VND 4,000 billion. Over the past five years, 137 projects have been implemented with a total investment of nearly USD 1.4 billion and VND 14,286 billion. While Song Cong I Industrial Park attracts 26 FDI projects worth over USD 86 million and 74 DDI projects worth VND 7,386 billion, Song Cong II Industrial Park attracts 20 FDI projects worth over USD 1.3 billion and 17 DDI projects worth VND 6,900 billion.

Viglacera Thai Nguyen Joint Stock Company, as an investor, expresses satisfaction with the support of the local government. In addition, the Ministry of Planning and Investment has sent a report to the Prime Minister seeking approval of the construction and investment project of Song Cong II Industrial Park, which covers 296 hectares and is located in Ba Xuyen and Tan Quang townships, as baothainguyen.vn determines.

Future outlook

Area No. 1 covers an area of ​​175.52 hectares while Area No. 2 covers 120.72 hectares. The implementation of the project cannot exceed 36 months from the date of transfer of land by the State, with an operational period of 50 years from the approval of the investment policy. The investor is obliged to provide the committed capital and make a deposit to ensure that the investment project is realized in accordance with legal regulations. The Thai Nguyen Provincial People's Committee is responsible for monitoring progress and mobilizing loan capital through appropriate contracts. These developments position Song Cong City as one of the most attractive locations for investment in Thai Nguyen Province.