$34.5 million industrial zone approved in Vinh Phuc

Sunday, Apr 09, 2023 11:39

An industrial park in Vinh Phuc Province. — Photo baochinhphu.vn

Deputy Prime Minister Tran Luu Quang has given the green light for the Binh Xuyen II Industrial Park project in Vinh Phuc Province, with a total investment of over VND810 billion ($34.5 million).

The approval includes the proposal for infrastructure investment and construction of Binh Xuyen II Industrial Park (phase 2) in Binh Xuyen District, Vinh Phuc Province, with Fuchuan Co., Ltd being authorised as the investor.

The project aims to build an industrial park infrastructure for businesses, covering an area of 63.1ha. The total investment for the project is over VND810 billion, with the investor contributing VND166.7 billion, while the rest is mobilised.

The project implementation schedule must not exceed 36 months from the date of approval and will run until 2057.

Relevant ministries and authorities are responsible for the appraisal of investment policies, the accuracy of information and data reported, and the implementation of the project following the plan within their respective functions and expertise.

Vinh Phuc is a leading province in the country for developing industrial parks. With favourable policies, professional management of industrial park infrastructure, a convenient geographical location, and abundant human resources, Vinh Phuc's industrial parks have attracted many domestic and international investors, contributing to the local economy’s development.

The province has granted permission for investment policies, investment certificates, and investment registration certificates for 16 industrial parks. — VNS

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