A manufacturing line of An Long Food Joint Stock Company in Long Dinh ICs in Long An Province. — Photo baolongan.vn

Prime Minister Nguyen Xuan Phuc has approved in principle the development of Thu Thua Industrial Park, expected to cost nearly VND1.3 trillion (US$55.7 million), in the southern province of Long An.

The park will be built on a total area of 188ha in Thu Thua Town, online newspaper baodautu.vn reported.

Currently, Long An is home to 90 industrial parks (IPs) and industrial clusters (ICs) which span more than 13,000ha. Of them, 38 are operational with an area of above 5,000ha while the remainder are planned to be developed in the near future.

By the end of April 2019, IPs and ICs operating in the province reported an occupancy rate of about 85 per cent, according to the provincial People’s Committee.

The committee has directed relevant sectors to continue to support infrastructure investors in many aspects, including ground clearance as well as legal procedures to complete infrastructure and attract secondary investors.

To date, the province has attracted 978 foreign-invested projects with total registered capital of nearly $6.15 billion. Over half of these projects are operational. — VNS