HCMC - Dang Huynh Industrial Zone Development and Management JSC on Wednesday broke ground for an industrial zone development project in Can Giuoc District in the Mekong Delta province of Long An.
The affiliate of Saigon Thuong Tin Real Estate JSC, better known as Sacomreal, has earmarked some VND500 billion to develop the Tan Kim Industrial Zone covering 80 hectares near Can Giuoc Town in proximity with Hiep Phuoc Industrial Zone in Nha Be District and Phu My Hung new urban town in HCMC.
Speaking at the ground breaking ceremony, Thai Van Chuyen, general director of the company, said the industrial zone would serve companies active in garment, wood processing, household and cosmetics industries.
Chuyen said companies would be offered favorable conditions in terms of procedure and services such as legal and investment consulting as well as booking and auditing services when they set up shop there.
In addition, a residential project named Tan Phuoc is to be developed in the industrial zone.
The developer says some 20 hectares in the project will be used for the development of villas, row houses and apartments for future residents and for the relocation program in the province. Besides, the project includes schools, a clinic, shopping center and park.
Tan Kim Industrial Zone is scheduled for technical and infrastructure completion by late 2012.
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