Thanh Hoa Province will continue to accompany Sumitomo Group to promote and expand cooperation in the near future, leveraging local advantages to attract more Japanese investors and other potential partners.
This strategic collaboration aims at sustainable development, enhanced industrial linkages, and elevating Thanh Hoa’s standing in attracting Japanese capital, thereby contributing to the consolidation of the Vietnam-Japan friendship.
Secretary of the Thanh Hoa Provincial Party Committee, Nguyen Doan Anh, affirmed these goals during a recent working session with Mr. Shigeo Fukuda, a representative of Sumitomo Group.
Established in 1919, Sumitomo is one of Japan's leading multi-sector trading and investment giants, with a global footprint of 131 offices across 66 countries. In Vietnam, the group has a history of nearly 70 years, investing in critical sectors such as industrial park development, urban infrastructure, energy, logistics, and real estate.
In Thanh Hoa, Sumitomo is currently implementing Phase 1 of the Thang Long Thanh Hoa Industrial Park (IP) infrastructure project, located within the Western Thanh Hoa IP zone. The project is invested by Thang Long Thanh Hoa Industrial Park Co., Ltd., a subsidiary of Sumitomo Group.
The project covers 167 ha, including 51 ha in Dong Quang Ward and 116 ha in Dong Tien Commune. It has a total registered investment capital of VND2.917 trillion (over $111 million).
According to the investor, basic procedures have been completed, and the project is currently in the final stages of basic design. Sumitomo Group plans to hold the official groundbreaking ceremony for the Thang Long Thanh Hoa Industrial Park on March 11, 2026.
During the meeting, Mr. Shigeo Fukuda expressed his hope that Mr. Anh and provincial leaders would continue to provide support during the project's implementation. He emphasized that the industrial park aims to create jobs for local workers and make significant contributions to the province’s economic growth in the coming years.
Google translate