The Song Khoai industrial zone is the first project of Amata Vietnam, a subsidiary of Thailand-based Amata Corporation, in Quang Ninh province. The project would be implemented in five phases within 50 years, with total investment capital of nearly $156 million.
According to the conclusion of Vice Chairman of the provincial People's Committee Nguyen Van Thanh on the implementation of the project, Amata has paid over $6 million to the People's Committee of Quang Yen town for site clearance as committed.
The company also cooperates closely with Quang Ninh Economic Zone Management Board, People's Committee of Quang Yen town and relevant departments in completing the investment preparation and site clearance for the first phase of the project.
By this August 30, the People's Committee of Quang Yen town had paid more than $6 million of ground clearance compensation for 297 families' 68,81 hectares of land in total.
Basing on the compensation and site clearance process, Quang Ninh’s provincial People's Committee agreed to organize the ground-breaking ceremony of Song Khoai industrial zone in the last week of October 2018.
It also assigns related parties to complete necessary procedures before this October 10 and submit the detailed plan for the ceremony which is expected to attract the support of people living in the area and the secondary investors.
Especially, the announcement says that the province’s People Committee assigns the Department of Construction to coordinate with related departments and agencies to support Amata to complete its report on the proposal in the study of a 1,720.3ha smart city within the high-tech industrial complex.
Sharing with TheLEADER, CEO of Amata Vietnam Somhatai Panichewa said that the project would bring about $5 billion per year in revenue and 300,000 jobs for people in Quang Ninh and other provinces.
The project also creates motivation for Quang Ninh in attracting foreign direct investment. This has been seen as Amata’s strategic step in expanding to the north of Vietnam.