Construction of a road as part of a Japanese-funded project to improve the investment environment in the northern province of Vinh Phuc began on October 17.
The Japanese Government has pledged nearly US$152 million for the project.
The 15km route running through the Me Linh new urban area in Vinh Phuc is one of the project’s five components, in addition to upgrading the clean water supply system, building a waste water treatment station, improving the power supply and assistance for promoting investment in Phuc Yen commune and Vinh Yen city.
Phung Quang Hung, Chairman of Vinh Phuc provincial People’s Committee, said once completed in 2014, the project will help solve difficulties such as the shortage of clean water, and electricity and out-of-date system of waste water treatment. Such infrastructure is essential for attracting investors, he noted.
Just 60km away from Hanoi, Vinh Phuc is now a destination for major economic groups such as Honda and Toyota from Japan; Piaggio from Italy; Foxconn, Compal and Fullpower from Taiwan; GO, Max, Kumho and Lotte from the Republic of Korea; and YCH and CPK from Singapore. Developing better infrastructure to attract more investors is one of the province’s top priorities.
