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Thang Long Industrial Park urged to streamline administrative procedures for manufacturers

Hanoi continues to promote the attraction of foreign investment capital for socio-economic development.

Authorities of Dong Anh district departments and branches should quickly remove difficulties and streamline administrative procedures so that Thang Long Industrial Park Co. and other manufacturers can contribute to the city's socio-economic development.

 Standing Deputy Secretary of the Hanoi Party Committee Nguyen Thi Tuyen and the leaders of the city present flowers to congratulate Thang Long Industrial Park's representative. Photos: Pham Hung/ The Hanoi Times

Vice Chairman of the Hanoi People’s Committee Nguyen Manh Quyen made this request at the ceremony marking the 25th anniversary of the establishment of Thang Long Industrial Park on September 22 in Hanoi. He suggested the company continue to attract foreign investment capital for socio-economic development and create more jobs for the people.

“The Hanoi Industrial and Export Processing Zones Authority needs to regularly coordinate with businesses to address problems and support Thang Long Industrial Park toward sustainable development,” he emphasized.

The Vice Chairman expressed the hope that Thang Long Industrial Park and other enterprises will continue to overcome difficulties and successfully achieve their business goals, as well as adopt policies to improve the workers' living standards.

General Director of Thang Long Industrial Park Co. Ltd. Hiroyoshi Masuoka said the company is a joint venture between Dong Anh Mechanical Joint Stock Company - LICOGI (42% of contributed capital) and Sumitomo Corporation of Japan (58% ).

Thang Long Industrial Park, with a total initial investment capital of US$90 million, has been built in three phases on a total area of 274 ha, located in four communes: Kim Chung, Dai Mach, Vong La, and Hai Boi (Dong Anh District).

After 25 years of operation, the Thang Long Industrial Park aims to become a model industrial park with the best services in the capital and throughout the country.

Businesses operating in Thang Long Industrial Park contributed $99.2 million to the State budget and created jobs for 60,000 people in 2021.