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| The meeting between Hung Yen leaders and COT Group (Photo: baodautu.vn) |
Mr. Nguyen Hung Nam, Vice Chairman of Hung Yen Provincial People's Committee, has just had a meeting with COT Group (Singapore).
At the meeting, a representative of COT Group said that after a period of survey, the Group chose Hung Yen as an investment location. According to the plan, in the first phase, COT Group will run the project with total investment capital of about USD500 - 800 million to serve production activities.
The Group will invest the most advanced equipment in production lines. In addition, it wants the province to create favorable conditions in completing the processes and procedures for land allocation, land lease and construction permit.
Speaking at the meeting, Mr. Nguyen Hung Nam, Vice Chairman of Hung Yen Provincial People's Committee emphasized, the province is always interested in creating favorable conditions for businesses to invest in the area. With the investment plan of COT Group in the area, he affirmed that Hung Yen will accompany the Group in the investment process.
He suggested that the infrastructure investor of Thang Long II Industrial Park urgently complete the procedures for paying land use fees, and coordinate with provincial departments and branches to complete legal procedures to create favorable conditions for investors. As soon as the infrastructure investor of Thang Long II Industrial Park fulfills its financial obligations, the province will issue a certificate of land use rights for the expanded area in Thang Long II Industrial Park.
He also suggested that COT Group coordinate with the infrastructure investor of Thang Long II Industrial Park and departments and branches to complete investment procedures; the investment process must strictly comply with the provisions of Vietnamese law. The province will support the content of progress that COT Group and the infrastructure investor of Thang Long II Industrial Park signed. Departments, branches and localities are urged to complete legal procedures so that the investor of Thang Long II Industrial Park's infrastructure can soon have enough grounds to attract businesses to invest in.
Earlier on May 19, COT Group also had a meeting with the leaders of Hung Yen province on the province's preferential policies in attracting investment, land rent, quality of industrial park infrastructure, and labor resources. According to the plan, COT Group will deploy the project in November 2023 in the manufacturing of electronics, optoelectronics and virtual reality.
The Thang Long II Industrial Park has a scale of 525.7 hectares with an industrial land area for lease of 401.42 hectares. According to the Park Management Board, as of May 15, the industrial land area for lease in this industrial park was 268 hectares, the occupancy rate reached 66.8%. In the industrial park, there are 104 foreign investment projects, with a total registered investment capital of about USD3.274 billion. Foreign investors investing in industrial zones are mainly Japanese investors, including a number of large economic groups such as Kyocera, Hoya, Nippon, Daikin, Toto and Panasonic./.