Update:  GMT+7

Quang Tri boosts infrastructure investment in industrial clusters

Quang Tri has completed infrastructure in industrial clusters to improve production capacity and enhance land use efficiency, attracting investors.

Quang Tri boosts infrastructure investment in industrial clusters

Sangshin Central Vietnam factory, Dong Ai Tu Industrial Park, Trieu Phong district, creates jobs for many local workers - Photo: H.T

As of March 2023, Quang Tri"s total budget for infrastructure of industrial clusters reached VND248.4 billion (US$10.5 million).

So far, the province has completed 17 industrial clusters with a total area of 527.5 ha, meeting 90% of its target set for 2025. As many as 16 industrial clusters have come operational, reaching an average occupancy rate of 63.9%. The operating ones include Dong Le, Ward 4 , Highway 9D, Cau Long - Bau De, Hai Le, Dien Sanh, Hai Thuong, Hai Chanh, Ai Tu, Dong Ai Tu, Cam Thanh, Cam Hieu, Cam Tuyen, Cua Tung, Krong Klang, and Huong Tan.

To date,the industrial clusters have been home to 153 investment projects, with a total registered capital of about VND 3,67 trillion ($155 million). The disbursed rate is 57%. Currently, 94 projects have been put into operation, 22 projects are under construction, 18 projects are in the final procedures and 19 projects are temporarily suspended.

The results showed Quang Tri’s success in supporting investment in industrial clusters and despite many challenges caused by Covid-19, lack of infrastructure synchronization and cleared land.

Many grassroots agencies and centers have operated effectively, tackling problems facing investors in industrial zones.

Enterprises working in industrial clusters have actively invested in production activities and expanded their search for output markets, created jobs, and ensured stable incomes for workers.

The expansion of industrial clusters has facilitated technology transfer, promoted the application of science and technology, contributed to the production of more commodities for domestic consumption and export. As a result, it attracts huge investment flows to industrial and socio-economic development.

Difficulties

There remain lots of difficulties that Quang Tri is facing with. It has called for VND248 billion worth of investment in infrastructure as of March 2023, meeting only 20% of the required capital.

Many industrial clusters are unfinished because of the shortage of funds. In addition, the lack of wastewater treatment systems and drainage systems at some industrial clusters cause environmental pollution and negatively affect transport works. Some projects may be delayed due to insufficient fund or the inaccuracies of the project appraisal process.

In the coming time, local authorities need to strengthen investment in industrial clusters, with a focus on the private sector. They need to offer preferential mechanisms and policies for investment in the industrial cluster. At the same time, it’s necessary to raise funds to develop infrastructure connecting the region, creating a momentum for economic development, especially some key transport routes which have long-term strategic significance.

Tung Lam-Thu Ha


Tung Lam-Thu Ha

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