Investment registration certificate granting ceremony for Sumitomo Corporation, Japan

Attending  investment certificates ceremony includes Mrs. Hoang Thi Thuy  Lan – Secretary of provincial Party Committee, Chairman of Provincial People’s Council; Mr. Nguyen Van Tri – Deputy Secretary of Provincial Party Committee, Chairman of Provincial People’s Committee (PPC); Mr. Nguyen Van Chuc – Provincial Commissioner, Deputy Chairman of PPC, and leaders of the Department of Finance, Planning and Investment Department, Natural Resources and Environment Department, Department of Foreign Affairs, Department of Industry and Trade,  industrial Zone Management Board, Office of the Provincial Party Committee, People’s Committee Office, Vinh Phuc Investment Promotion Agency, Party Committee and People’s Committee of Binh Xuyen district, People’s Committee of Thien Ke commune, People’s Committee of Tam Hop commune; Sumitomo Corporation have Mr. Akito Shiraishi, General Manager Overseas Industrial Park Department of Sumitomo Corporation (Japan) and  representatives of the Corporation and Sumitomo Vietnam co., Ltd.

Sumitomo Corporation started its business as a pharmaceutical shop and bookstore in Kyoto in 1630. After 400 years of development, at present Sumitomo Corporation is one of the largest Group in Japan, overall business  includes almost all sectors from banking and finance, steel, informative,  equipment, chemical, oil and gas, investments … Especially with a total annual income of nearly 200 million, the  Sumitomo Corporation is one of the leading infrastructure unit of industrial parks. Currently, the Corporation has 135 offices in 66 countries around the world with 74.638 employees, with many Japan’s largest industrial manufacturers. In Vietnam, Sumitomo Corporation has two Industrial Zones namely Thang Long I Industrial Zone in Hanoi  and Thang Long II Industrial Park in Hung Yen, (Thang Long II industrial park has now attracted 45 foreign direct investment projects with total registered capital of US$ 1.5 billion, creating jobs for about 12 thousand employees in the first phase). To follow up the success of the 02 industrial zones in Hanoi and Hung Yen, Japan’s Sumitomo Corporation decided to invest in the 3^rd Industrial Park in Vietnam.

After more than 30 months of research, study, investigate, assess very carefully examine these factors, and social conditions in  20 locations in 10 provinces, including Vinh Phuc province and Japanese Sumitomo Corporation decided to cooperate with Sumitomo Vietnam Co. Ltd to build the infrastructure of Vinh Phuc Thang Long Industrial Park, in  two communes of Thien Ke and Tam Hop (Binh Xuyen district, Vinh Phuc province) with an area of ​​213 ha, a total investment of about US$ 135 million, the project  time during 50 years. The sectors and field calling for investment in Vinh Phuc Thang Long Industrial Park are the industry without environmental pollution, giving priority to hi –tech projects, focusing primarily on sectors follows: Production of engineering; supporting industries; production of automotive parts, motorcycles; Research and development (R & D);Manufacturing accessories Electronics semiconductor products; High-tech products; Production of computers and software, hardware; Pharmaceutical production; the precision engineering products; machine; Manufacturing the products of biotechnology, electrical appliances; the transportation equipment…. When completed, it expected that it will attract 79 investment projects in industrial zones, the registered capital of US$ 1.5 billion; creating around 25,000 new jobs; the annual budget revenues of 5,000 billion VND. After being granted investment registration certificate, the Corporation will implement the first phase with a total area 94,5ha, investment capital of US $70.1 million, and the implementation for 18 months.

Speaking at the meeting, Mrs. Hoang Thi Thuy Lan – Secretary of Provincial Party Committee, Chairman of People’s Council said that thanks to the right orientation, actively improving business investment climate, enhancing competitiveness, Vinh Phuc province has become a faithful and successful destination for the investors. Up to now Japan has 26 projects with registered capital of nearly US$ 800 million, ranked a leading capital for implementation among 15 countries and territories invested in Vinh Phuc province. Secretary high appreciated on efficiency, technology and environmental protection, social responsibility and great contribution for provincial budget revenue of Japanese projects in Vinh Phuc province. Secretary affirmed that the decisions to invest in Vinh Phuc Thang Long Industrial Park are the result of careful study and determination of the Sumitomo Corporation. So she hopes that, Vinh Phuc Thang Long Industrial Park will be a model and typical Industrial park in Vinh Phuc. She also strong believes that the project will be implemented on schedule, creating a new image of infrastructure for industrial development of the province, and creating new breakthrough in attracting projects from Japan, to continue to confirm the leading position of Japan in the investment business in Vinh Phuc.

Thanks for the interest by provincial leader for Corporation, especially for project Vinh Phuc Thang Long Industrial Park, Mr. Akito Shiraishi, General Manager Overseas Industrial Park Department of Sumitomo Corporation (Japan) promised to try the best to put their projects in operation soon and development success to deserve the trust, the expectation and support of the government and people of Vinh Phuc province.

Earlier, in a courtesy meeting with Mr. Akito Shiraishi, Chairman of PPC Nguyen Van Tri confirmed that the Sumitomo Corporation invested in Vinh Phuc province was huge success after multiple attempts calling, attracting investment promotion with domestic and international investors. At the same time, Mr. Chairman Nguyen Van Tri has directed the departments, relevant agencies continue to guide and help investors to complete procedures for the establishment of enterprises, the procedures for construction, environmental protection and the remaining procedures in accordance with the Vietnam regulations. Mr. Chairman asked the departments and local authority to need special attention and to concentrate on completing the clearance side of Vinh Phuc Thang Long Industrial Park in the shortest time, helping investors accelerate the project. For investors, the business unit of electricity, water, and telecommunications developed on the essential technical infrastructure outside the fence of industrial park. On this occasion, Mr. Chairman expected to hear the current difficulties on the infrastructure and services which did not meet the requirements of the business from the Sumitomo Corporation of Japan; Vinh Phuc Province will strive to overcome these restrictions.