Two Industrial Park Projects Approved, Worth Nearly 3.2 trillion VND

Vice Prime Minister Tran Hong Ha has approved a significant investment decision for the development of the Chau Minh - Bac Ly - Huong Lam and Hung Phu Industrial Parks, totaling almost VND 3,200 billion. This first phase of development will focus on the Chau Minh - Bac Ly - Huong Lam Industrial Park in Bac Giang Province and the Hung Phu Industrial Park in Thai Binh Province, with a combined investment of nearly VND 3.2 trillion.

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Deputy Prime Minister Tran Hong Ha signed a decision on investment policy for the construction and infrastructure business investment project of Chau Minh – Bac Ly – Huong Lam phase 1 industrial park, Bac Giang province.

Accordingly, he approved the investment policy and selected the investor for the construction and infrastructure business investment project of Chau Minh – Bac Ly – Huong Lam phase 1 industrial park, Bac Giang province. The investor is Hightech Infrastructure Development and Investment Joint Stock Company.

The project covers an area of 105.5 hectares. The project site is located in Chau Minh and Huong Lam communes, Hiep Hoa district, Bac Giang province.

The project’s investment capital is VND 1,256.1 billion, of which the investor’s contribution capital is VND 190.3 billion. The duration of the project is 50 years from the date of land allocation or lease by the State.

Deputy Prime Minister Tran Hong Ha assigned the People’s Committee of Bac Giang province to direct the provincial industrial park management board to specify the project implementation progress in the Investment Registration Certificate, which must not exceed 18 months from the date of land allocation or lease by the State.

The People’s Committee of Bac Giang province is responsible for organizing the formulation and approval of the master plan for construction of the Chau Minh – Bac Ly – Huong Lam industrial park – urban area – service area and related subdivision plans in accordance with the law on construction.

Monitor the investor’s compliance with environmental law during the project implementation; prioritize attracting investment projects with modern, environmentally friendly technology, less labor and resource use; ensure a safe distance between the industrial park and the surrounding area, and develop monitoring plans to supervise the discharge activities in the industrial park.

Recently, Deputy Prime Minister Tran Hong Ha also signed a decision approving the investment policy and selecting the investor for the project on developing the infrastructure of Hung Phu industrial park, Thai Binh province, which is Geleximco Hung Phu Industrial Park Joint Stock Company.

The project is located in Nam Hung commune, Tien Hai district, Thai Binh province, with a total investment of over VND 1,939.6 billion, of which the investor’s contribution capital is VND 300 billion. The duration of the project is 50 years from the date of approval of the investment policy and selection of the investor.

Hung Phu Industrial Park has an area of 345ha. The industrial land area is 214.55ha, the port area is 76.4ha, and the dike protection corridor is 54.05ha.

Hung Phu Industrial Park borders DT462 road to the north, the Red River to the south, and residential areas to the east and west.

The industrial park is identified as a multi-sectoral industrial park, applying modern technology with a system of inland waterways of the national level I Red River.

About 7,800 people are expected to need housing in the industrial park, with an area of about 2.5-3 hectares. Housing for experts and workers will be located in the newly planned residential area of Nam Hung and Nam Phu communes, Tien Hai district.

The People’s Committee of Thai Binh province is assigned to guide the investor to attract projects into the industrial park in accordance with the orientation of focusing on developing manufacturing industries of the Red River Delta region.

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