As a flagship project of COMA18, Kim Thành Industrial Park (IP) boasts a total investment of over 1,000 billion VND, covering nearly 165 hectares. Strategically located on National Highway 5A, it is approximately 30 km from Hai Phong Port, 2 km from National Highway 5B, and intersects with the 48.5-meter-wide North-South trunk road connecting National Highways 18 and 5B, with the Kinh Mon River to the north.
Staying on Track with Approved Plans
In 2021, Kim Thành Industrial Park received investment approval under Decision No. 358/QĐ-TTg dated March 15, 2021, by the Prime Minister. According to this decision, the industrial park is implemented in two phases: Phase 1 covers 65 hectares, Phase 2 spans 99.98 hectares, with a total investment of over 1,160 billion VND, and a 36-month timeline from the date of land handover.
To ensure timely completion of Kim Thành Industrial Park, COMA18 has actively collaborated with the Kim Thành District Land Compensation Committee to approve the compensation plan for Phase 1. Compensation for the first phase has been fully disbursed. The Phase 2 compensation plan is under review and approval by relevant authorities, with disbursement planned immediately after approval, expected to be completed by August 2023. Following land clearance, COMA18 will initiate land handover procedures and commence infrastructure construction to welcome investors.
Kim Thành Industrial Park is steadily progressing with Phase 1 land clearance, meeting the set schedule, and adhering to the legal timeline approved by the authorities.
Stable Funding Secures Project Completion
Addressing concerns about funding for the Kim Thành Industrial Park project amidst economic challenges and COMA18’s less-than-optimal business performance, a company representative provided clarifications:
“The Kim Thành Industrial Park is a key project in COMA18’s sustainable development strategy and brand-building efforts in the market. The aim is to create a modern, eco-friendly industrial park that attracts domestic and foreign investors. To ensure the project’s progress and quality, COMA18 has established a clear and effective financial plan leveraging diverse funding sources.”
The representative elaborated:
“Specifically, the project’s main funding sources include contributions from reputable and experienced development partners, loans from banks financing the project, and receivables from other projects in which COMA18 has investments. Additionally, COMA18 plans to increase charter capital by issuing new shares in the stock market to maintain consistent funding for both project phases. With this financial strategy, we are confident that Kim Thành Industrial Park will be completed on schedule and deliver significant benefits to investors and the local community.”
Ready to Welcome FDI Waves into Hai Duong Province
Kim Thành Industrial Park stands out as a highly promising project, essential to the socio-economic development of both Hai Duong province and COMA18. The project has been executed according to the approved timeline, supported by authorities and local consensus.
The project’s stable and efficient funding from multiple channels, avoiding over-reliance on any single source, is a critical factor enabling COMA18’s confidence in building a modern, eco-friendly industrial park. This development aims to attract investors, deliver tangible benefits to the community, and justify the trust of its stakeholders.
