A New Industrial Park Project Worth Over VND 2,200 Billion Approved in Ha Tinh Province
On November 25, 2024, Deputy Prime Minister Tran Hong Ha signed Decision No. 1468/QD-TTg, approving the investment policy for the construction and infrastructure business investment project of the expanded Gia Lach Industrial Park in Ha Tinh province.
The project will be located in Xuan An town and Xuan Vien commune, Nghi Xuan district, Ha Tinh province, with a total area of 194.36 hectares. The total investment capital for the project is VND 2,265,268 billion, including VND 339.79 billion of equity capital from the investor. The project will have a duration of 50 years from the date of land lease by the State.
The detailed planning of the expanded Gia Lach Industrial Park aims to improve investment efficiency and maximize the utilization of land funds for industrial development. It also contributes to the transformation of Nghi Xuan district into an economic hub with synchronous infrastructure and the formation of a northern urban area with Hong Linh town as its nucleus, together with Tien Dien and Xuan An towns. This planning serves as a legal basis for the establishment of investment projects and construction management in accordance with the approved plans.
The Gia Lach Industrial Park is a multi-sectoral industrial park that ensures environmental protection and safety requirements, minimizing any negative impacts on the surrounding environment.
Master plan of the expanded Gia Lach Industrial Park. Source: Hatinh.gov.vn
The project investor is Dragon Group Joint Stock Company, which is responsible for the legality, accuracy, and truthfulness of the project documents and submissions to the state authorities. The company also commits to complying with legal regulations in the implementation of the project.
Dragon Group was established in 2009 and operates in three main fields: industry, services – trade, and construction. As of June 2022, the company’s charter capital was VND 2,000 billion, with Ms. Vu Thi Tha, Chairwoman of the Board of Directors, holding the largest stake of 58.2% of the charter capital.
Dragon Group has successfully invested in and developed two real estate projects, the 3 Tran Hung Dao Urban Area and Thai Binh Dragon City, with a total of 1,336 villas, adjacent houses, and shophouses.
Ms. Vu Thi Tha, Chairwoman of Dragon Group. Source: Dragon Group
Economic and Social Development in Ha Tinh Province
Ha Tinh is a province in the central region of Vietnam, located within the North Central Coast tourism area. The province has a 137-km long coastline, stretching from Cua Hoi in Nghi Xuan to Ky Nam in Ky Anh town, with a total sea area of 18,400 km2, three times larger than its land area.
In the first nine months of 2024, Ha Tinh’s economic growth reached 7.15%, ranking 30th in the country and fourth in the North Central region. According to the Ha Tinh Provincial Statistics Office, in the first ten months of 2024, the province’s trade and service activities maintained stable growth.
Retail sales of goods were estimated at VND 57,404.85 billion, up 18.47% over the same period last year. Revenue from accommodation, catering, and travel services reached VND 7,120.31 billion, an increase of 12.43% compared to the same period in 2023. Revenue from other services was estimated at VND 3,792.61 billion, up 7.50% year-on-year.
Cua Hoi Bridge in Nghi Xuan, Ha Tinh. Source: Ha Tinh Portal
Total state budget revenue in the area reached over VND 13,780 billion, up 7% compared to the same period in 2023. Total social investment capital reached VND 40,800 billion, an increase of 16%. The disbursement of public investment capital reached VND 4,498 billion, equivalent to 84.3% of the plan assigned by the Prime Minister. Additionally, 19 domestic investment projects with a total capital of over VND 15,000 billion were approved in principle.
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