Dong Pho Moi Industrial Park was established under Decision No. 717/QD-UBND dated March 30, 2009 of the Provincial People's Committee, the operating period of the industrial park is 50 years. Currently, the park has 42 projects, of which 41 projects are operating stably, 1 project is under construction. The total land area leased to investors is 53.1 hectares, the occupancy rate of the industrial park is 89.7%.

According to the report of the Provincial Economic Zone Management Board, the total investment capital of projects in this industrial park is currently 1,108.8 billion VND. The main production and business sectors operating in the industrial park include: 2 garment projects (1 project under construction); 28 warehouse projects; 12 projects with industries such as: wood processing workshops, concrete, agricultural processing, medicinal materials, gas, forestry products, beer production, hot water heater assembly, mechanics, stone processing, fertilizer production.
In 2024, Dong Pho Moi Industrial Park's revenue will reach 157.9 billion VND, paying more than 170 billion VND to the state budget (through tax and customs agencies), accounting for 19.7% of the total state budget payment of industrial parks. The industrial production value will reach 259 billion VND, accounting for 1.35% of the industrial production value of industrial parks. Enterprises in this industrial park are currently creating jobs for 808 workers, with an average salary of 6.4 million VND/person/month.

In response to the information that the province plans to relocate businesses in industrial parks to help build a new station and urban planning according to the TOD model, businesses all expressed their agreement with the general policy, but there are still some concerns.
The export embroidery garment factory of Babeeni Vietnam Corporation was just inaugurated in mid-2022, with a total investment of about 115 billion VND. Each year, the factory produces and exports over 3 million products, creating jobs for 400 workers. Mr. Trinh Nguyen Phuong, Director of Babeeni Company Limited, Lao Cai Branch (Babeeni Vietnam Corporation) expressed his concern because the newly invested factory and worker housing area had not been in operation for long and now had to be relocated.

Mr. Phuong shared with manufacturing and labor-intensive enterprises like Babeeni that during the time of moving and building new facilities, production must be stopped, which will cause significant losses. Mr. Phuong expressed his wish that in the future, the province will plan a TOD area here, creating conditions for enterprises to change their production models or if they have to move, the province will apply special mechanisms and policies in site clearance to reduce difficulties for enterprises.
Son Lan Lao Cai Company Limited, whose main business is commercial services and the supply of essential goods, is currently renting 2 warehouses with a total area of nearly 1 hectare. The company has been investing in business since 2015, and the lease term is still quite long. Mr. Nguyen Van Son, the company's director, hopes that the province will create favorable conditions for the company to move to a new location with convenient traffic connections suitable for the company's operations.

At a recent meeting between the Provincial Economic Zone Management Board and enterprises operating in Dong Pho Moi Industrial Park, most of the enterprises expressed their desire to move to a new location near the border gate because the characteristics of the enterprises operating here are production and trading of goods related to import and export. The enterprises also said that when the industrial park was established, the enterprises signed a 50-year land lease contract, so they invested a lot of money in building facilities, so they hope that the province will have a suitable compensation and site clearance support mechanism.
According to the Provincial Economic Zone Management Board, the estimated cost of site clearance for projects in the industrial park is about 775 billion VND (equal to 70% of the total investment of projects in the industrial park). The above cost does not include technical infrastructure works invested by the state such as roads, lighting, wastewater treatment systems, trees, gates, fences, drainage systems, operating houses, etc.

Along with that, the cost of supporting production and business stabilization for enterprises is calculated according to Point b, Clause 3, Article 20 of Decree No. 88/2024/ND-CP dated July 15, 2024, Regulations on compensation, support, and resettlement when the State recovers land, estimated at about 50 billion VND (30% of one year's after-tax income, according to the average of 3 consecutive years).
Regarding the proposed relocation plan, for enterprises operating warehouses for import and export goods, the Economic Zone Management Board proposes to move the above projects to Kim Thanh - Ban Vuoc area. For enterprises operating in goods production, it is expected to move to Thong Nhat 2 Industrial Cluster. For 2 garment projects, it is proposed that the Provincial People's Committee consider arranging to Bac Duyen Hai Industrial Park.
Mr. Vuong Trinh Quoc, Head of the Provincial Economic Zone Management Board, said: Currently, the board is coordinating with the Department of Construction to survey industrial parks and clusters in the province to develop a suitable relocation plan that is most convenient for production and business activities of enterprises, to ensure the rights of investors and existing incentives for enterprises when moving to a new location.
Source: https://baolaocai.vn/de-doanh-nghiep-yen-tam-san-xuat-kinh-doanh-post398516.html
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