Investment News

Accelerating investment in technical infrastructure of South and North Tien Phong industrial zones


Nam Tien Phong and North Tien Phong industrial zones in Quang Yen coastal economic zone have been granted investment registration certificates by the competent authorities from 2014 and 2016. However, up to now, these two industrial zones have not yet completed the projects. technical infrastructure items, affecting the progress of attracting secondary investors, not creating added value and revenue for the state budget from production and business activities. This fact requires investors to be more proactive, more active, and urgently complete the approved infrastructure system.

Chairman of the Provincial People's Committee Nguyen Tuong Van inspects the planning of Nam Tien Phong Industrial Park, North Tien Phong, May 2022.

Nam Tien Phong Industrial Park was granted an investment registration certificate for the first time on December 22, 2014 and changed for the second time on December 21, 2020, with a total registered investment capital of VND 2,687 billion, by JSC Tien Phong Industrial Park is the investor. The industrial zone is planned on an area of 487.4 ha, of which industrial land is 317.2 ha. After 8 years of being granted an investment registration certificate, up to now, the investor together with the Quang Yen town government have cleared 340.3/366.3ha within the administrative boundaries of Quang Ninh province, the rest It is expected to be completed in the second quarter of 2022.

Although the land clearance area achieved is relatively large, the completed area of ground leveling has only reached over 50ha and very few technical infrastructure items have been invested in the industrial park, such as: Investment 1.22km western internal road; 0.350km of internal road in the East; 1.8km utility trench system; 1.2km of open ditch; 630kVA substation and is investing in a wastewater treatment station with a capacity of 300m3/day.

Currently, the number of projects attracting investment in Nam Tien Phong Industrial Park is very small, only 3 projects have signed the agreement in principle, with a registered land area of 36.8ha, investment capital of about 3,935 billion. Currently, the investor is coordinating with a secondary investor to complete the documents for 2 projects (Russian investor Sputnik V Vaccine Factory, area of 0.5ha; Cable production factory of Russian investor, area of 0.5ha; Cable car factory of Russian investor). of the Korean investor, with an area of 15ha).