HÀ NỘI — The People's Committee of Quảng Trị Province has approved the investment policy and investor for Phase 3 of the Quán Ngang Industrial Park infrastructure development and business project, according to a decision issued on May 20.

The project, undertaken by LICOGI 13 Joint Stock Company, is located in Gio Quang Commune, Gio Linh District, and spans an area of 116.74 hectares with a total investment of VNĐ710 billion (US$27.3 million).

Of this, LICOGI 13 will contribute VNĐ106.5 billion, equivalent to 15 per cent of the total capital. The project is expected to break ground in the fourth quarter of 2025 following land clearance and completion of investment procedures.

Phase 1, covering 60 hectares, is scheduled to be completed by the second quarter of 2027, while full completion and operation of the entire project is targeted for the first quarter of 2029.

To implement the project, LICOGI 13 has established Quán Ngang 3 Industrial Park Investment Joint Stock Company, with a charter capital of VNĐ106.5 billion. LICOGI 13 holds a 52 per cent stake and has appointed General Director Phạm Văn Thắng as the representative of its capital contribution.

In Quảng Trị, LICOGI 13 is already the investor of two 48MW wind power projects in Hướng Hóa District with a combined investment of over VNĐ4.1 trillion. The company has also joined a consortium to propose a mixed-use urban area and social housing project in the Nam Đông Hà Industrial Park, Đông Hà City, with a total investment of nearly VNĐ1.5 trillion. — VNS