East Phu Yen industrial cluster to be established in Chuong My district (09:25 27/11/2019)

HNP - The Hanoi People’s Committee issued Decision No. 6594/QD-UBND on November 14, establishing East Phu Yen industrial cluster in Chuong My District, Hanoi. 

Covering an area of 21.2 hectares in Phu Nghia, East Phuong Yen and Truong Yen communes, the industrial cluster will focus on  garments and textiles, bamboo and rattan, interior - exterior decoration materials, wood processing, mechanics, food processing and confectionery, medicine, agricultural product processing, hi-tech products, environmental industry, among others.
The industrial cluster aims to develop technical infrastructure in a synchronous manner as regulated; give priority to expanding industrial cluster models towards modernization; help small and medium-sized enterprises, cooperatives, cooperative groups, production households and individuals in Lien Ha commune and surrounding areas to address environmental pollution, avoid risk of fire in residential areas; and develop local craft villages.
Its total investment capital is over VND765.4 trillion (US$3.3 trillion).
Investors, organizations and individuals setting up businesses in the industrial cluster will be entitled to investment incentives in accordance with the Investment Law, Decree No. 68/2017/ND-CP dated May 25, 2017 of the Government on management and development of industrial clusters and other legal documents.

By Tran Huong

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