Song Cong city has two concentrated industrial zones including Song Cong I and Song Cong II, with a total area of 745 hectares. From the beginning of the year until now, two new investment projects have been approved for investment in these industrial zones, with a total registered capital of 37 billion VND and 5 million USD.
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| The infrastructure of Song Cong II Industrial Zone continues to be completed, attracting investors. |
The two projects are as follows: a factory for manufacturing and processing tungsten and molybdenum products in Song Cong I Industrial Zone, and the BIGL Vietnam Project (producing precision components) in Song Cong II Industrial Zone.
To date, Song Cong I Industrial Zone (with an area of 195 hectares) has attracted 24 foreign direct investment (FDI) projects with a total registered capital of over 61.5 million USD and 73 domestic direct investment (DDI) projects with a total registered capital of over 7,200 billion VND. Song Cong II Industrial Zone (with an area of 250 hectares, planned to expand to 550 hectares) has attracted 13 FDI projects with a total registered capital of over 1.17 billion USD and 9 DDI projects with a total registered capital of over 2,000 billion VND.
Along with the development of industrial clusters and zones, there are currently over 500 businesses operating in various sectors in the city. In the first six months of 2023, the value of industrial production in the area reached over 5,600 billion VND, increasing by 2.9 percent compared to the same period last year.
To effectively attract investors, the city organizes conferences and dialogues with businesses every year. This approach helps to promptly resolve any difficulties or obstacles and create favorable conditions for businesses.
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