Production capacity cooperation with China thriving in Vietnam

BUILDING INDUSTRIAL PARKS

Building industrial parks in Vietnam has been regarded as a mainstream and ideal way to promote China-Vietnam capacity cooperation as such parks can help lower costs and risks.

"Van Trung has great advantages in geographic location," Yang said when explaining why the company chose Van Trung Industrial Park as production base.

Being close to the Hai Phong seaport, the border with China and the Noi Bai international airport in Hanoi, Van Trung in Bac Giang province makes an ideal place for Vina Solar.

The construction of Van Trung industrial park started in July 2013. Since then, 30 standard factory buildings have been built in an area of 165,000 square meters.

Eight of the 13 companies operating in Van Trung are from China. Except for one garment factory, all the others are high-tech enterprises, said Yao Ziran, general director of Fu Hua company, the owner of the park.

Currently, 50 factory buildings are under construction in the fifth, sixth and seventh phases of the development plan as Vietnam is seeing an increasing influx of Chinese investors.

Fu Hua is also building another industrial park in northern Vinh Phuc province for high-tech companies from China.

"We stand ready to seize the opportunities brought over by the Belt and Road initiative and the Two Corridors and One Economic Circle plan," Yao said. Enditem

Editor's note:

Chinese President Xi Jinping pays his first state visit to Vietnam and Singapore on Nov 5-7 in a trip set to open up new prospects for China's relations both with the two countries and with Southeast Asia as a whole.