Gov’t approves $308mn investment for industrial park expansion in southern Vietnam
Gov’t approves $308mn investment for industrial park expansion in southern Vietnam
The Vietnamese government has green-lighted a VND7.85 trillion (US$308 million) investment for phase two of Vinh Thanh Industrial Park in Can Tho.
Phase one of Vinh Thanh Industrial Park, also known as VSIP Can Tho, located in Can Tho City, southern Vietnam, is under construction. Photo: V.D. |
The decision, signed by Deputy Prime Minister Tran Hong Ha, was announced on Thursday by the Can Tho Export Processing and Industrial Zones Authority.
Thanh Binh Phu My JSC has been chosen as the project investor.
Covering over 540 hectares across Vinh Trinh and Vinh Binh Communes in outlying Vinh Thanh District, the expansion aligns with a zoning plan approved in July 2024 by the municipal People’s Council.
The industrial park is meant to serve diverse needs, including port logistics, storage, and multi-sector industries, creating jobs for up to 32,000 workers.
Phase one of Vinh Thanh Industrial Park, also called VSIP Can Tho, spans 293 hectares with a total investment of VND3.717 trillion ($145.8 million).
The first phase is currently under development, with land handover for factory construction scheduled for the second quarter of 2025.
