Since 2022, many manufacturing factories of secondary investors have come into operation, actively contributing to promoting Ninh Thuan's economic growth.
Replacing incompetent investors
Head of the Management Board of Industrial Parks of Ninh Thuan Province Su Dinh Vinh said, that the province currently has 18 projects in Thanh Hai, Phuoc Nam and Du Long industrial parks in operation, with the following industries: food processing, seafood processing, agricultural products for export, garments, creating jobs for more than 5,000 local workers, with an average salary per capita of 7.5 million VND/month.
In 2015, Thanh Hai Industrial Park, with an area of 78 hectares in Phan Rang-Thap Cham City, was established based on upgrading from an industrial cluster. Thanks to the advantage of being located along National Highway No. 1, this industrial park has attracted 20 registered projects from secondary investors, with a total capital of more than 2.3 trillion VND, and many businesses are operating very effectively.
After more than 14 years of starting and stopping construction, by the end of 2021, Du Long Industrial Park covering more than 407 hectares in Loi Hai commune, Thuan Bac district, has changed to a new owner, Hoang Thanh Du Long Industrial Park Investment Joint Stock Company. The new investor then quickly completed the basic infrastructure items of the first phase in July 2022 and welcomed the first secondary investor, Innoflow Ninh Thuan Co., Ltd. (the Republic of Korea) to sign the contract of leasing 4.74 hectares of land, to build two large factory areas under the Children's Toy Factory project, then go into operation in mid-2023, with a capacity of six million products/year, creating jobs for nearly 2,000 local workers.
From the beginning of the year until now, through promotional programmes and calling for secondary investors, Hoang Thanh Du Long Industrial Park Investment Joint Stock Company has coordinated with ministries and central branches, to organise investment promotion with many enterprises from Japan, the RoK, Taiwan (China), etc.
Supervisory Director of Innoflow Ninh Thuan Co., Ltd. Kim Jin Man shared: "Du Long industrial park infrastructure meets our requirements. With the advantage of being located next to National Highway No. 1, near Cam Ranh Port (Khanh Hoa province) and an abundant local labour force, we are expanding production to increase the number of products and improve competitiveness with the set strategy and introduce many RoK investors to find investment opportunities."
In February 2023, a subsidiary of Hoang Thanh Do Luong Production and Investment Joint Stock Company also started construction of Hoang Thanh Do Luong Garment Factory with a total investment of 600 billion VND (the first phase was 250 billion VND). According to the plan, this year, the company will complete two garment factories, and go into production of about 25 million shirts and suits per year, creating jobs for more than 1,500 workers; by 2025, the whole project will be completed, creating jobs for about 5,000 workers with stable income in Ninh Thuan Province.
Deputy Director of Hoang Thanh Du Long Industrial Park Investment Joint Stock Company Nguyen Van Sang said, that from May to August, the company signed a land lease contract with Da Lat Yarn Co., Ltd (Lam Dong) and DONGLIM FUR Co., Ltd. (the RoK), specialising in manufacturing high-grade fabrics. Currently, these two investors are completing legal procedures, it is expected that by the first quarter of 2024, the construction of a production plant will be started with a total registered investment capital of more than 2 trillion VND.
For more than 10 years, Phuoc Nam Industrial Park, with an area of 370 hectares in Thuan Nam District, had almost been deserted. At the end of 2021, Ninh Thuan Province transferred to a new investor, Phuoc Nam-Ninh Thuan Investment Joint Stock Company, so far, the progress of infrastructure construction in the first phase (151 hectares) has reached more than 80%.
With a location connected to many important traffic axes such as railways, National Highway No. 1 and Ca Na general port, the industrial park, has attracted 12 secondary investors, with a total investment of 218 billion VND. Currently, Atlantic-Ninh Thuan Green Energy Joint Stock Company and Hoang Thien Phu Ninh Thuan Co., Ltd. have signed a land lease contract to implement their projects. Large economic groups of the US, the RoK, Australia, China, Japan, etc., have come to explore investment opportunities.
Adding new motivation
According to Vice Chairman of Ninh Thuan Provincial People's Committee Phan Tan Canh, the factories in the industrial park that have been completed and put into operation are adding new impetus for the province's economy to rise. In the near future, thousands of local labourers will not have to struggle to find jobs in other provinces as before.
Dong Viet Food Joint Stock Company (VietFarm), with an investment capital of 70 billion VND is one of the earliest secondary investors operating (since September 2015) in Thanh Hoa Industrial Park. Director Nguyen Duc Thuan shared, that the company has recruited nearly 400 local workers, and the average monthly salary is from 6.5 to 8 million VND/person, ensuring full benefits for employees.
Along with investing in a modern processing line according to international standards FSSC 22000, with a capacity of more than 120 tonnes of aloe vera/day, the company also sent a team of engineers to directly guide the garden for more than 300 farming households to plant 200 hectares according to VietGAP, Global GAP, USDA Organic standards to meet export standards. The households have signed an association contract, providing the company with about 20,000 tonnes of raw aloe vera per year. With productivity from 480 to more than 500 tonnes/hectare/year, farmers earn from 600 million to 1.2 billion VND/year, significantly higher profit than growing other short-term crops.
For many years, tens of thousands of young people in Ninh Thuan Province had to go to industrial parks in Ho Chi Minh City, Dong Nai, etc., to find jobs. Now, many businesses have come to invest in production plants and help local workers easily find jobs. In October 2021, Viet Sun Ninh Thuan Investment Company in Ho Chi Minh City went to Thanh Hai Industrial Park, to receive the transfer of the garment project of Hoang Anh Garment Company and quickly went into operation in February 2022. Up to now, the company has produced hundreds of thousands of garment products with high technical standards, exported to Europe, the US, etc. The company has recruited 1,400 highly skilled workers, with a salary from 7.5- 8 million VND/person/month, increasing capacity to about 50,000 exported garment products/month.
To attract secondary investors to fill the industrial production area in industrial parks, every month, the People's Committee of Ninh Thuan Province holds a meeting with businesses to listen to their recommendations and promptly remove obstacles, creating conditions for investors to build infrastructure to accelerate progress, as well as direct departments, agencies and sectors, to coordinate with enterprises in investment promotion and attraction.
