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Home >> Daily News >>Vietnam>>Infrastructure>>PM oks to develop infrastructure for Song Cong IZ in Thai Nguyen
PM oks to develop infrastructure for Song Cong IZ in Thai Nguyen Prime Minister Nguyen Xuan Phuc has approved a proposal to develop infrastructure facilities for the Song Cong II Industrial Zone (IZ) in the northern province of Thai Nguyen. The plan, expected to cost over VND1.75 trillion (US$77.3 million), aims to attract more investors to the IZ, particularly those specilising in machinery, engineering, electronics and automobile production and assembly, thus contributing to local socio-economic development. It will be implemented from now to 2020. The provincial People’s Committee is to instruct the Thai Nguyen IZs Authority to work with relevant bodies to complete a project feasibility study and submit it to competence agencies for approval. Covering 250ha in Tan Quang Commune, the IZ continues to offer several incentives to lure investment, including land rental reduction, exemption for paying infrastructure fees and financial support in human resource training.
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