Shimizu Corp. will join a local company to build the first industrial park for support industries in Hanoi at a total cost of nearly US$1 billion.
Shimizu will cooperate with N&G to build the Southern Hanoi Support Industries Park (HANSSIP) and an urban service and residential area for workers in the park under an agreement signed in Tokyo on March 23.
According to N&G, HANSSIP will cover a total area of 650 hectares and, once operational, it will be a destination for about 200 support enterprises manufacturing machinery, garments and textiles, leather shoes, electronics, and computers, as well as automobile assembly and other fields.
HANNSIP investors will be given special incentives and assistance for financing, recruitment, training, technology transfer, and sales.
Shimizu is a major construction group in Japan and involved in many large projects in Vietnam.
A representative of Shimizu said that the corporation also wants to cooperate in other Hanoi infrastructure projects including metros and elevated railways./.