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(QNO) - The groundbreaking ceremony of Agricultural-Forestry Industrial Park and Expansion of THACO Chu Lai Mechanical Automotive Industrial Park was held on March 24 by the Quang Nam provincial People’s Committee and Truong Hai Auto Joint Stock Company (THACO). Prime Minister (PM) of Vietnam Nguyen Xuan Phuc took part in the event.
Speaking at ceremony, THACO’s Chairman Tran Ba Duong stated the projects of Agricultural-Forestry Industrial Park and Expansion of THACO Chu Lai Mechanical Automotive Industrial Park aim to carry out the THACO’s multidisciplinary strategy, the master plan for the development of Chu Lai Open Economic Zone and Quang Nam’s eastern development incuding hi-tech and organic agriculture.
The project of Expansion of THACO Chu Lai Mechanical Automotive Industrial Park covers an area of 115 hectares. VND1,600 billion is invented in its infrastructure. The project aims to lower THACO’s auto cost, increase localization rates for tourism cars in Vietnam to over 40%, export THACO’s autos to ASEAN countries by 2020 and establish a large-scale centralized multi-use mechanical center in Central Vietnam.
The project on the 415-hectare Agricultural-Forestry Industrial Park with a total investment of more than VND8,000 billion firstly focuses on fruit trees and forestry trees. It aims to develop the area of raw materials provided to Vietnam’s Central and Central Highlands, Laos and Cambodia.
Besides, THACO started to build one more wharf that can receive 50,000-ton ships. It aims to attract more investment in Chu Lai Open Economic Zone.
Speaking at the ceremony, PM Phuc said the Government of Vietnam created favourable conditions for THACO and other businesses in Vietnam for the development Quang and Vietnam.