The Nam Dinh provincial People’s Committee will establish Thang Cuong and My Thuan Industrial Clusters.
The Thang Cuong Industrial Cluster spans an area of 75 hectares in Yen Thang and Yen Cuong communes of Y Yen district.
Its primary industrial activities are mechanical engineering, supporting industries, food processing, pharmaceutical production, automotive parts manufacturing, electronics assembly, electrical equipment production and other manufacturing and processing industries.
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An industrial cluster in Y Yen district, Nam Dinh province |
Bateco Thang Cuong Joint Stock Company, with a total investment of about VND 1.03 trillion (USD 41.2 million), is the project's investor. The project is expected to be completed within 24 months from the date of land handover.
The My Thuan Industrial Cluster is located in My Thuan commune of Nam Dinh city.
It aims to attract companies in high-tech mechanics, automotive and motorcycle assembly, electronic production, food processing, construction materials production, handicrafts, wood processing, household goods manufacturing and other supporting and processing industries.
Thinh Vuong My Loc Joint Stock Company is the infrastructure developer for this industrial cluster.
The project has a total investment of over VND 929 billion, it is also set to be completed within 24 months of land handover.
Both clusters aim to attract large enterprises with modern, environmentally friendly technologies.
According to the approved development plan and the Nam Dinh province Master Plan for the 2021–30 period, with a vision toward 2050, the province will have 54 industrial clusters covering about 5,969 hectares by 2030.
During the 2031–2050 phase, some clusters will be expanded, increasing the total area to 8,703 hectares.
Source: VNA