An Nghiep industrial park is one of five industrial parks under the provincial development planning by 2020, including Tran De IP. — Photo sggp.org.vn

The Prime Minister has approved an investment policy for a project building and exploiting infrastructure of the Tran De Industrial Park (IP) in Soc Trang Province.

According to the approval, the 160-ha project has total investment capital of VND1.23 trillion (about US$53 million), including the State investment capital of VND246 billion and loans worth about VND984 billion.

The implementation of this project does not exceed 49 years from the date of issuing the decision on investment policy that was on June 12, 2020. The project would enjoy existing investment incentives.

The project’s investor is the Ha Thanh Concrete Joint Stock Company.

The investor is requested to implement this project within three years from the date it receives land, reported chinhphu.vn.

Tran De IP is one of five industrial parks under the provincial development planning by 2020 with a total area of ​​1,106 hectares, including An Nghiep, Dai Ngai, Song Hau and My Thanh IPs.

Of which, An Nghiep IP invested by the State has been put into operation since 2006. The province has been calling on investment for construction of other IPs.

Soc Trang has also approved establishment of nine industrial clusters with a total area of ​​over 410 hectares, including Nga Nam, Vinh Chau, Thanh Phu, Ap Nhi, Xay Da B and An Thanh.

In March, the province started the construction of Xay Da B industrial cluster on a total area of 54ha for textile, dying and garment with an investment of about VND1.7 trillion. — VNS