The Provincial People's Committee has just issued Decision No. 402/QD-UBND, dated February 6, 2025, on the establishment of Xuan Cao 2 Industrial Cluster in Thuong Xuan district. Accordingly, Xuan Cao 2 Industrial Cluster covers an area of approximately 43.19 hectares with a total estimated investment of 280 billion VND.
Plywood production for export at Thanh Hoa Wood Industry Co., Ltd. in Luan Thanh commune, Thuong Xuan district. (Illustrative image).
According to Decision No. 402/QD-UBND, Xuan Cao 2 Industrial Cluster has the following boundaries: To the North, it borders the road from National Highway 47 to To Rong Bridge; to the East, it borders forest land adjacent to the 500kV power line corridor; to the South, it borders forest land; and to the West, it borders existing forest land and residential areas.
The Xuan Cao 2 Industrial Cluster will primarily operate in the following sectors: Food production and processing; production of corrugated paper, corrugated cardboard, and packaging from paper and cardboard (from paper rolls, fabric rolls, and tarpaulin rolls); production of clothing and garment accessories (excluding clothing made from fur); wood processing and production of products from wood, bamboo, and rattan; production of products from straw and braided materials; production of fertilizers and nitrogen compounds (mixing, pressing, and molding only); cutting, shaping, and finishing stone; production of electronic products, computers, and optical products; production of electrical equipment; production of sports and fitness equipment; production of toys, games, and other industries in compliance with the law.
The investor for the construction of the technical infrastructure of Xuan Cao 2 Industrial Cluster is Tay Do Infrastructure Investment Joint Stock Company. The total investment capital is expected to be 280 billion VND. Of this, equity capital is approximately 42 billion VND (15%), and bank loans and other legally raised capital account for 238 billion VND (85%).
Regarding the progress of the investment project for the construction of the technical floor: Complete the conversion of forest land before March 31, 2026; complete the preparation and appraisal of fire prevention and fighting plans and approve the construction drawings before March 31, 2026.
Complete land compensation and clearance before October 30, 2026; complete land lease with the State and obtain construction permits, and commence construction before December 30, 2026. Complete investment in the construction of technical infrastructure for the industrial cluster before December 31, 2027.
From Q1/2028, complete the commissioning process; attract secondary investment projects into the industrial cluster; establish and approve regulations for the provision and management of public services and utilities within the industrial cluster.
The Provincial People's Committee requires that during the project implementation, the investor is responsible for reporting to the Department of Industry and Trade the results of each project progress milestone (no later than 15 days after the expiration of each milestone); and for submitting periodic reports as prescribed.
Viet Huong
Source: https://baothanhhoa.vn/thanh-lap-cum-cong-nghiep-xuan-cao-2-huyen-thuong-xuan-239057.htm
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