Ninh Thuan rues ineffective industrial parks
Only a small area of eight industrial parks and complexes in the coastal Southern Central province of Ninh Thuan has been filled, resulting in a huge waste of land.



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Phuoc Nam Industrial Park



Currently, Ninh Thuan Province has four industrial parks (IP) namely Du Long, Phuoc Nam, Thanh Hai and Ca Na and four industrial complexes Thap Cham, Tri Hai, Quang Son and Hieu Thien which cover a total area of 1,830 hectares. However, to date only two IPs and one industrial complex have come into operation, attracting 19 projects in total.

Thanh Hai IP in Phan Rang City covering 80 hectares was considered as a pillar in the province's industrial development. However, it has attracted only 14 projects after 10 years of operation. Only half of the projects have operated effectively.

The 24-hectare Thap Cham Industrial Complex is now home to just six projects which are being carried out in a slow pace due to their investors’ weak financial capacity.

Meanwhile, the 370-hectare Phuoc Nam IP is in the same situation. Its construction was started in 2008, but to date, only walls have been built and the majority of the land is covered by weeds.

Du Long IP located on a 400-hectare site in Ham Thuan Bac District, the biggest IP in the province, was invested by a Chinese firm and HCM City-based Hoang Quan Consulting Trading Service Real Estate Corporation. Being started in 2008, but until now, the project is almost the same although provincial authorities agreed to extend the completion deadline for many times. 

According to local authorities, the slow clearance of IPs and industrial complexes is due to the limited financial capacity of their investors.

However, Ninh Thuan is a poor locality with under-developed infrastructure, while local workers lack skills. This is a big challenge for the province to lure investments.

Provincial authorities recently took stronger measures by issuing management regulations and more strictly appraising investors’ capacity.

The provincial people’s committee has requested Phuoc Nam-Ninh Thuan Investment JS Company, investor of Phuoc Nam IP, to speed up the construction pace of the project as pledged. If the firm fails to ensure the regulations by December this year, the project will have been revoked and handed over to another investor.

According to Ninh Thuan authorities, only nine companies operating at local IPs and industrial complexes have contributed to the state budget.

Dtinews

Ninh Thuan rues ineffective industrial parks, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news
 
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