In the first 6 months of 2024, Thanh Hoa province continued to record positive performance and budget revenue of foreign-invested enterprises (FDI), driving growth targets. Continuing to "roll out the red carpet" to welcome these high-quality capital flows, Thanh Hoa is taking more drastic and stronger directions and actions.
(Perspective) The Industrial Cluster in the Northeast of Thanh Hoa City is expecting to welcome more secondary investors from abroad.
In early 2024, Thanh Hoa province officially agreed on the investment policy for the Nghi Son LNG Thermal Power Plant Project in Nghi Son Economic Zone (KKTNS). The project includes a 1,500 MW LNG power plant; an LNG import port; a breakwater about 1km long. In addition, the project also invests in auxiliary works serving the LNG import port, such as: LNG storage, onshore regasification station with a capacity of about 230,000m3; regasification station with a capacity of about 1.2 million tons/year; gas pipeline system from the regasification station to the LNG power plant, with a capacity of about 1.2 million tons/year... With a project scale of about 68.2 hectares and a total investment of more than 2.4 billion USD, this will be the project with the third largest FDI capital in Thanh Hoa.
It is known that the project is attracting the attention of many "world-class" investors such as: JERA Group (Japan) and partner SOVICO Holdings, South Korea Electric Power Corporation (KOSPO), Korea Gas Corporation (KOGAS), Daewoo Engineering and Construction Corporation (Daewoo E&C)... In which, JERA's capacity is the owner of the largest thermal power plants in Japan (total capacity of about 70GW) and is the operator of LNG port warehouses with a power generation capacity equivalent to half of Japan's thermal power output; at the same time, it is the world's largest LNG user with more than 60 years of experience in the LNG value chain.
In addition, the Industrial Park (IP) project in the West of Thanh Hoa City of Sumitomo Corporation is also in the process of completing procedures and is expected to be granted an investment certificate in 2024. It is known that Sumitomo Corporation has shown its enthusiasm and deep interest in developing and operating the IP in the West of Thanh Hoa City, with an expected development area of 650 hectares and a logistics center and urban area around the IP with an expected development area of about 168.5 hectares. The project is expected to be implemented in the period of 2024-2025, with a total capital of about 9,500 billion VND (more than 400 million USD).
With a total area of 1,200 hectares, this technology - urban - service park will be arranged to develop concentrated industries in the direction of clean industry, applying high technology and urban services with a synchronous social infrastructure and technical infrastructure system. This is also the strength of Japanese enterprises. Therefore, if this technology park is successfully invested by Sumitomo Group, there will be many secondary investors from Japan successfully cooperating with Thanh Hoa province.
Recently, the People's Committee of Thanh Hoa province has just issued a decision approving the 1/2000 scale construction zoning plan of Phu Quy Industrial Park (WHA Smart Technology Industrial Park) with a total area of 540 hectares researched by WHA Group - a leading developer in the field of logistics and industrial utility solutions in Thailand.
According to the assessment of the Management Board of the Economic Zone and Industrial Parks, the Phu Quy Industrial Park project is expected to take advantage of its important traffic location, being the gateway to the center of Hoang Hoa district, adjacent to Thanh Hoa city and neighboring districts, and being the intersection of traffic routes of economic zones, seaports, and airports. This is considered an area with potential for industrial development, especially light industry, prioritizing high-tech industry, and will focus on attracting foreign enterprises with supporting industries, high-tech industry, and environmentally friendly. Along with financial capacity and experience, with the available ecosystem of secondary investors of WHA Group, it is expected that a new modern industrial park will soon appear, creating high added values, contributing to the structure and value of industrial products of the province.
In 2024, the province expects to attract over 20 new FDI projects, with a registered investment capital of about 3.5 billion USD; including a number of large-scale projects, such as: Nghi Son LNG Power Plant (registered investment capital of about 2.5 billion USD), Thanh Hoa City Western Industrial Park Project of Sumitomo Group (400 million USD); Aeon Mall Commercial Center Project (170 million USD), 2 Industrial Park Projects of WHA Group (110 million USD)...
In the first 6 months of the year, the province attracted 12 FDI projects, an increase of 78.8% over the same period, with a total registered investment capital of 177.5 million USD, an increase of 35.1% over the same period; including 10 FDI projects in the fields of industry and handicrafts and 2 projects in the fields of trade and services.
Currently, Thanh Hoa province is focusing on leading and directing all levels, sectors and localities to implement tasks and solutions to strongly improve the investment and business environment, strengthen foreign affairs activities, promote investment; promptly remove difficulties and obstacles in terms of land and investment procedures, and speed up the implementation of major and key projects in the province. With these efforts, Thanh Hoa expects to attract 20 FDI projects, including large projects, and soon regain the province's attractiveness in attracting FDI capital in the Central region.
Article and photos: Minh Hang
Source: https://baothanhhoa.vn/ky-vong-thu-hut-dong-von-ngoai-218721.htm
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