The Gia Lai Provincial Economic Zone Management Board said it is urging and speeding up the construction progress of the infrastructure of the Nam Pleiku Industrial Park to put it into operation soon, attracting potential investors.
Currently, the two industrial parks of Dien Phu and Tra Da have basically filled up with factories and operating companies. The demand for renting premises for specialized production and processing factories such as agricultural products, fine art wood, reinforced concrete, etc. is increasing. Investors want premises with complete infrastructure, adequate electricity and water systems, and convenient traffic connections.
The South Pleiku Industrial Park Project (VRG Gia Lai Industrial Park Branch) is invested by Chu Se Rubber One Member Co., Ltd., located in Ia Tiem Commune (Chu Se District) and Ia Bang Commune (Chu Prong District), with a total area of over 191 hectares. The project was approved by the Prime Minister for investment policy on September 3, 2019.
According to Mr. Nguyen Nhu Trinh - Head of Gia Lai Economic Zone Management Board, the project was initially expected to be operational in November 2024. However, due to delays, the completion deadline has been extended to October 2025.
Currently, Chu Se Rubber One Member Co., Ltd. is constructing phase 1 infrastructure with a total investment of VND86.4 billion. The construction of the wastewater treatment system with a capacity of 2,000m³/day and night has reached 95%. However, this system cannot be tested due to the lack of a drainage system.
Although not yet completed, the project has attracted great interest from businesses. Currently, 60 hectares of land have been reserved for lease by businesses, reaching a lease rate of more than 40%. The project is expected to become an industrial center for processing agricultural products, medicinal herbs, coffee, pepper, etc., contributing to the utilization of local human resources and promoting production.
The current rental price is 25 USD/m² for 46 years (excluding VAT), payable in full. For businesses renting space annually, the unit price is 12,000 VND/m²/year and will be adjusted depending on price fluctuations.
However, the project has encountered many obstacles in administrative and legal procedures. The Chu Se Rubber Company's dossier needs to be fully approved by the Ministry of Construction to be eligible to sign a land lease contract. Next, to connect traffic to National Highway 14, the investor needs to work with the Road Management Department III and complete the licensing dossier.
Mr. Le Thanh Hung - General Director of Vietnam Rubber Industry Group - emphasized that the Group has the advantage of large land fund and experience in investing in developing large-scale industrial parks, synchronous infrastructure systems and standard wastewater treatment. This will create a solid foundation to attract investors and promote local economic development.
At recent meetings with voters, many businesses expressed impatience as the project has not yet come into operation.
Faced with that situation, the Standing Committee of the People's Council and the People's Committee of Gia Lai province directed the Economic Zone Management Board and the investor to promptly complete the items and put the project into operation on schedule. Because according to Clause 3, Article 41, Investment Law 2020, if the project is delayed for more than 12 months, it will violate regulations and have to adjust the investment policy, affecting the investment environment of the province.
