Sumitomo begins building Thang Long Industrial Park III
Sumitomo begins building Thang Long Industrial Park III
Japan’s Sumitomo Corporation broke ground for the construction of its third Thang Long Industrial Park (TLIP III) in Viet Nam in the northern province of Vinh Phuc on Thursday.
TLIP III covers more than 213ha in Thien Ke and Tam Hop communes of Binh Xuyen District. It is expected to generate jobs for thousands of labourers.
The park is calling for projects on non-polluting industries, prioritising high-tech projects, support industry, spare parts production in service of the auto and motorcycle sector, and precision engineering, among others.
In his remarks, Deputy Prime Minister Trinh Dinh Dung expressed hope that Sumitomo will build TLIP III into a model in terms of infrastructure and environment in Viet Nam in general and Vinh Phuc in particular.
He called on Sumitomo, with its prestige, to continue to work as a bridge for other Japanese businesses to invest in Viet Nam.
Dung also asked competent agencies and authorities at all levels in Vinh Phuc to create the best possible conditions for investors, especially Sumitomo and its TLIP III, noting that Japanese businesses have contributed to creating breakthroughs in Vinh Phuc and other Vietnamese cities and provinces.
On October 22, 2015, Vinh Phuc licensed a project to develop infrastructure at TLIP III, which is the tenth out of 19 industrial parks ratified by the Prime Minister to be built by 2020.
The province is expected to attract 79 Japanese projects once TLIP III is put into service.
Sumitomo built TLIP I and II in Ha Noi and the northern province of Hung Yen.
