In Bac Kan, in June 2010, the locality granted an investment certificate for the Tralas Automobile Factory Project in Xuat Hoa commune, now Xuat Hoa ward, Bac Kan city with a total investment of 42 billion VND, and an expected capacity of 6,000 trucks/year.
Since then, 14 years have passed without a single car being produced. Since 2012, the investor, Tracimexco Automobile Manufacturing and Manufacturing Joint Stock Company, has turned to processing forest products and assembling sawn timber and wooden chopsticks for export, but has also failed. Currently, the car factory has become a sawn timber processing factory, causing environmental pollution and angering local residents.
The failure of the investor means the failure of the locality. But the failure is worse than leaving a dozen hectares of land almost abandoned. The local people are anxiously waiting for the government to reclaim and put this land into use with another project, it cannot be wasted like it has been for the past 14 years.
The story of Thai Nguyen is about the automobile manufacturing factory of Xuan Kien Vinaxuki Thai Nguyen Automobile Company Limited with an area of 26.7 hectares in Thuan Thanh ward with an investment of more than 130 billion VND. Sharing the same fate as the automobile manufacturing factory in Bac Kan, this factory has not produced any cars and has been idle until now.
The first investment certificate was granted in April 2008, but after a decade of inactivity, the project became an abandoned land in the industrial center of Pho Yen City. The locality "extremely endured", on June 29, 2021, the Thai Nguyen Industrial Park Management Board issued document No. 1258 officially announcing the termination of the Vinaxuki Thai Nguyen Project.
Since then, the auto factory has remained a desolate wasteland, exposed to the elements as a scrapyard. The auto manufacturing project failed, shattering the dream of getting rich from cars, but it is impossible to continue wasting valuable land resources right in Pho Yen city.
Investing in economic projects, there are wins and losses, but from losses can be turned into wins in other projects to limit losses and importantly, not to waste assets and land. Local authorities cannot consider the failure of investors as their own business, but must see that there is also their responsibility.
The first responsibility is to support businesses to quickly handle the consequences, promptly change projects to limit damage. The next responsibility is to reclaim land, put it into exploitation, and use it effectively. To waste dozens of hectares of land for dozens of years, calculating how much money goes up in smoke.
