Sumitomo begins building Thang Long Industrial Park III


VĨNH PHÚC – Japan’s Sumitomo Corporation broke ground for the construction of its third Thăng Long Industrial Park (TLIP III) in Việt Nam in the northern province of Vĩnh Phúc on Thursday. 

TLIP III covers more than 213ha in Thiên Kê and Tam Hợp communes of Bình Xuyên 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 Trịnh Đình Dũng expressed hope that Sumitomo will build TLIP III into a model in terms of infrastructure and environment in Việt Nam in general and Vĩnh Phúc in particular. 

He called on Sumitomo, with its prestige, to continue to work as a bridge for other Japanese businesses to invest in Việt Nam. 

Dũng also asked competent agencies and authorities at all levels in Vĩnh Phúc to create the best possible conditions for investors, especially Sumitomo and its TLIP III, noting that Japanese businesses have contributed to creating breakthroughs in Vĩnh Phúc and other Vietnamese cities and provinces. 

On October 22, 2015, Vĩnh Phúc 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 Hà Nội and the northern province of Hưng Yên.


Source: Vietnam News

Photo: Sumitomo Corp