Cat Trinh Industrial Park was approved the detailed construction plan of 1 / 2,000 scale from 2012, originally invested by Phuoc Loc Tho Industrial Zone Investment Joint Stock Company as an investor.
According to the socio-economic development plan of Binh Dinh province approved by the Prime Minister, by 2020, the province will form 8 industrial parks. (Artwork: Becamex.com)
The People’s Committee of Binh Dinh Province has just sent a letter to the Management Board of the Economic Zone and relevant departments about the investment in Long My Industrial Park (IZ) project and Cat Trinh Industrial Park.
Accordingly, the People’s Committee of Binh Dinh Province has agreed with the policy of selecting Nhon Hoa Industrial Zone Infrastructure Investment Co., Ltd as the investor of Long My Industrial Park Project (phase 2) and Bamboo Capital JSC as the investor of the industrial zone project. Cat Trinh as proposed by the Economic Zone Authority.
The provincial People’s Committee assigned the Economic Zone Authority to assume the prime responsibility and coordinate with the concerned agencies in guiding the above investors to implement the regulations.
It is known that the Long My Industrial Park project (phase 2) has an area of 100 hectares, has just been approved by the Prime Minister to add to the development planning of industrial parks until 2020. With the expansion to 100 hectares, industrial zones Long My Binh Dinh will increase from 120 ha to 220 ha.
Cat Trinh Industrial Park project was approved by Binh Dinh Provincial People’s Committee of detailed construction planning of 1 / 2,000 scale since 2012 with a total area of 368 ha.
The project is invested by Phuoc Loc Tho Industrial Park JSC (referred to as Phuoc Loc Tho Company) as an investor. At that time, Cat Trinh was expected to be one of the most modern industrial parks in Binh Dinh.
According to the plan, Cat Trinh Industrial Park is built to become an industry for enterprises specializing in manufacturing wooden furniture and supporting industries, etc. However, the investor has been slow to implement the project.
In April 2013, the People’s Committee of Binh Dinh Province requested Phuoc Loc Tho Company to advance capital to perform site clearance and construction of resettlement areas. As of December 31, 2013, if not implemented, the investment certificate will be revoked.
After that, in May 2014, Binh Dinh province issued a written notice about temporary suspension of implementation of this project. In August 2016, Binh Dinh province decided to terminate the operation and revoke the investment certificate of Cat Trinh Industrial Park project issued to Cong Phuoc Loc Tho because this investor is not qualified to implement the project.
Regarding the new investor, Bamboo Capital JSC (Code: BCG), recently held at the Annual General Meeting of Shareholders in 2020, Chairman Nguyen Ho Nam also confirmed that the company has just been agreed to be the investor of Cat Trinh Industrial Park project ( Pacify). The second project is located in Long An with an area of 270 hectares.
In the coming time, the company will develop under the model of VSIP industrial park, which means searching for customers first, signing a lease contract and then starting to build the industrial park.
Currently, Bamboo Capital has a Taiwanese partner who wants to rent a part of the area in the above-mentioned industrial park with a number of auxiliary companies.
According to the socio-economic development plan of Binh Dinh province approved by the Prime Minister, by 2020, there will be 8 industrial parks in the province (excluding industrial parks in Nhon Hoi Economic Zone) with a total planned area of 1,961 hectares.
Including: Phu Tai Industrial Park (345 ha), Long My Industrial Park (120 ha), Nhon Hoa Industrial Park (320 ha), Hoa Hoi Industrial Park (340 ha), Binh Nghi Industrial Park (228 ha), Cat Trinh Industrial Park (368 ha), Bong Son Industrial Park (120 ha) and Binh Long Industrial Park (120 ha).