Hue to Develop Over 200-Hectare Industrial Zone in Chân Mây Lăng Cô Economic Zone
A large-scale industrial project is set to be implemented in Hue city, promising to become a landmark for socio-economic development in the Central Region. The project to invest in and construct infrastructure for Industrial Zone No. 2 in the Chân Mây Lăng Cô Economic Zone is currently in the final stages of completing environmental procedures before official implementation begins.
Project Overview
According to information from the Management Board of the Chân Mây Lăng Cô Economic Zone, Industrial Zone No. 2 spans over 204 hectares with a total investment of approximately 1,845 billion VND. This project is one of the key industrial initiatives of Thừa Thiên Huế Province and is expected to attract numerous domestic and international enterprises.
Strategic Location
Industrial Zone No. 2 is located in the Chân Mây Lăng Cô Economic Zone, within Lộc Thủy Ward, Hue City. This location offers significant transportation advantages, being close to the international deep-sea port at Chân Mây and Phú Bài International Airport, facilitating convenient connectivity and goods transportation.
Project Details
The project is being developed by Chân Mây Urban Investment and Development Joint Stock Company - an experienced entity in infrastructure investment and development in the region. The industrial zone is planned to be divided into distinct functional areas, including an industrial production zone, logistics-service zone, worker urban area, and common utility zone.
Technical Infrastructure
- Electrical System: Ensuring stable supply with designed capacity meeting production demands of enterprises
- Water Supply and Drainage System: Constructing centralized wastewater treatment facilities meeting environmental standards
- Intra-zone Transportation: Wide road system, convenient connection to main traffic routes
- Telecommunications: High-speed internet system covering the entire zone
Implementation Status and Development Plan
Currently, the project is in the final stages of completing environmental procedures as required by law. The Management Board of the Chân Mây Lăng Cô Economic Zone has indicated that these procedures are expected to be completed in the third quarter of this year, allowing construction to commence in the fourth quarter.
Development Roadmap
| Phase | Tasks | Estimated Time |
|---|---|---|
| Q3/2023 | Complete environmental procedures | July-Sept 2023 |
| Q4/2023 | Begin infrastructure construction | Oct-Dec 2023 |
| 2024 | Complete technical infrastructure | Throughout the year |
| 2025 | Accept enterprise investments | Throughout the year |
Expected Economic and Social Impact
The successful implementation of this industrial zone will bring significant benefits to Thừa Thiên Huế Province. When operational, the zone is expected to attract approximately 100-150 enterprises, creating jobs for more than 10,000 workers and contributing to the socio-economic development of the locality.
Investment Incentives
According to Thừa Thiên Huế Province's investment incentive policies, enterprises investing in the industrial zone will receive numerous benefits regarding taxes, land rental fees, and development support. Specifically:
- Land rental exemption for 9 years, followed by a 50% reduction for the next 5 years
- 50% reduction in corporate income tax for 15 years
- 100% support on registration fees for new fixed assets
- Support for labor training and raw material supply connection
Expert Expectations
Economic experts believe that Industrial Zone No. 2 in Chân Mây Lăng Cô will play a crucial role in shifting the economic structure of Thừa Thiên Huế Province toward high-tech industry, processing, and supporting industries.
Mr. Nguyễn Văn Tùng, an economic expert at the Central Region Area Development Research Institute, commented: "The construction of a large-scale industrial zone in Chân Mây Lăng Cô not only helps Hue's economic development but also creates a driving force for the entire Central Region, especially in the context of implementing free trade agreements such as EVFTA."
Conclusion
The Industrial Zone No. 2 project in the Chân Mây Lăng Cô Economic Zone represents a strategic step in the economic development process of Thừa Thiên Huế Province. With its large scale, convenient location, and numerous investment incentives, the industrial zone is poised to become a modern industrial center, contributing to establishing Hue as one of the country's key economic, cultural, and tourism centers.
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