Vice Chairman of the provincial People’s Committee Pham Sy Loi made the pledge during his working session on March 16 with representatives from the RoK firm which is seeking to set up a US$200 million plant producing industrial textile for automobile tyres in the Chau Son Industrial Park in Phu Ly city.

The official highlighted local potentials in terms of geographic location, developed infrastructure, human resources, and in particular the local investment attraction policy.
He mentioned potential partners for the RoK group, saying the Sao Vang Rubber Joint Stock Company plans to move its factory from Hanoi to the industrial park.

In 2015, industrial parks in the province attracted 39 projects, 28 of which were foreign invested, with a combined registered investment of US$391 million.

To date, local industrial parks are home to 230 active projects. Of this figure, 131 were foreign direct invested, with a total registered capital of US$1.3 billion.

Meanwhile, the remaining 99 domestic projects have a total registered capital of nearly VND10 trillion (US$455 million).

Currently, the province has eight industrial parks that cover an area of 2,000 ha. The industrial park Dong Van III, which is under construction and geared towards the supporting industry, will apply its own mechanisms and policies. The locality has approved the plans for 18 industrial clusters, spreading over an area of nearly 500 ha.