VIETNAM: Rubber group to build largest IZ in Hai Duong

Construction on the first phase of Cong Hoa Industrial

Zone began on January 26 in Chi Linh district, Hai

Duong province.

The Viet Nam Rubber Industry Zones and Urban

Development Joint-Stock Company (Vinaruco), under the

Viet Nam Rubber Industry Group has set aside more than

1 trillion VND (64.63 million US dollars) for the

first phase.

The project is considered to be the biggest industrial

zone (IZ) in the province so far.

Cong Hoa IZ will be built in two phases covering

700ha. It is expected to attract 20,000 workers and

take about three years to complete.

The zone will include industries such as electronics,

IT, electrical equipment production and car

manufacturing.

On the same day, Vinaruco started work on the 14.3

million USD 398B Highway, which will cross through

Cong Hoa IZ to link Hai Duong, Quang Ninh and Hai

Phong.

Eight IZs covering 1,600ha have been built in Hai

Duong so far including Nam Sach, Dai An, Phuc Dien,

Tan Truong, Viet Hoa, Lai Vu, Phu Thai and Cong Hoa,

according to Mai Duc Chon, head of the province’s IZ

Management Department.

Total occupancy in all of the province’s IZs is around

60 percent with Nam Sach, Phuc Dien and Dai An IZs

achieving a remarkable 100 percent.

The province is expected to lure a further 11

industrial zones by 2010.

(Syed Rashid Ali, Karachi, Pakistan)