Song Khoai Industrial Park aims to attract 1.5 billion USD by 2024

On December 5, the Standing Committee of the Quang Ninh Provincial Party Committee held a meeting to discuss the implementation of the Song Khoai Industrial Park (IP) in Quang Yen town. Mr. Nguyen Xuan Ky - Member of the Party Central Committee, Secretary of the Quang Ninh Provincial Party Committee chaired the meeting.

Through discussion, the Standing Committee of Quang Ninh Provincial Party Committee agreed to build Song Khoai Industrial Park into a key industrial park of the locality as well as the Red River Delta region. In particular, attracting domestic investment and foreign direct investment (FDI) selectively, ensuring synchronous, modern, and smart infrastructure inside and outside the industrial park according to a green, sustainable, highly competitive development model, developing according to the urban and service model.

Quang Ninh Province will accompany investors in Song Khoai Industrial Park in innovating investment attraction, increasing occupancy rate, developing attractive industrial and residential ecosystems. The goal in 2024 is that Song Khoai Industrial Park will attract at least 1.5 billion USD in domestic investment capital and FDI.

According to information from the People's Committee of Quang Ninh province, the Song Khoai Industrial Park Infrastructure Investment and Business Project was approved by the Prime Minister in Decision No. 352 dated March 29, 2018 with a total investment capital of 155.5 million USD. The land use area of the Industrial Park is 714 hectares, invested by Amata Ha Long Urban Joint Stock Company. The investment progress is divided into 5 phases.

Up to now, the compensated and cleared area of Song Khoai Industrial Park Project is 385/714ha, reaching about 54.02% of the total area. The investor has carried out leveling of 180ha and completed 2 1.5km long service lanes on the East-West main road and is focusing on the main road. Traffic infrastructure, electricity and water supply have been connected to the Industrial Park.

Regarding investment attraction, Song Khoai Industrial Park currently has 15 secondary FDI projects with a total registered investment capital of nearly 2.4 billion USD, a total land use area of 132.5 hectares, an average investment capital of nearly 18 million USD/ha of industrial land. In 2023 alone, Song Khoai Industrial Park is expected to attract 13 new FDI projects and adjust 2 projects to increase capital with a total investment capital and adjusted capital of more than 1.4 billion USD .

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