An aerial view of Long Jiang Industrial Park in Tien Giang province, Vietnam [Photo/zjol.com.cn]

A decade ago, several Zhejiang businessmen invested $120 million to build an industrial park in Tien Giang province, Vietnam, and now the park has turned into a hallmark of Zhejiang's "going global" strategy through which Zhejiang businessmen and local people in overseas regions are joining hands and heading toward a better future.

Long Jiang Industrial Park (LJIP) is China's first wholly owned industrial park in Vietnam. The park occupies 6 square kilometers and is 60 kilometers away from Ho Chi Minh city, an economic hub in Vietnam.

Currently, the park is home to 45 companies, including 30 from China. The factories set up by Zhejiang companies, such as Hailiang Group and Zhejiang Founder Motor Co Ltd, account for one-third of Chinese companies at LJIP.

Official data shows that by this March, the industrial park had created 15,000 jobs for local people and generated tax revenue of $30 million for the local government.

In recent years, Vietnam has become one of the world's most dynamic economic regions for its advantageous geographical position, low-cost labor force, flexible manufacturing capacity and high-potential market.

According to Miao Renlai, chairman of Zhejiang Chamber of Commerce in Vietnam, Zhejiang companies so far have invested over $4 billion in the country and Zhejiang businesspeople have become the most active business group in Vietnam.

Vietnamese workers at the factory of Zhejiang Founder Motor Co Ltd at LJIP in Vietnam [Photo/zjol.com.cn]

Hailiang Group's factory at LJIP in Vietnam [Photo/zjol.com.cn]