The People’s Committee of Nam Dinh province has recently issued a decision approving the investment policy and selecting the investor for the construction and infrastructure development project of Hai Long Industrial Park (VSIP Nam Dinh) phase 1.
The project is invested by Vietnam-Singapore Industrial Park and Urban Development Joint Stock Company (VSIP).
Aerial view of the planned location of Hai Long IP (photo by Ngoc Dep)
Hai Long IP phase 1 covers an area of 180 hectares in Giao Thuy district, with a total expected investment of nearly VND 2,250 billion, including over VND 337 billion of equity capital.
The project is expected to commence in the third quarter or early fourth quarter of 2025, and the entire infrastructure of the IP will be completed by the end of 2027.
To ensure the progress of the project, the People’s Committee of Nam Dinh province has assigned specific tasks to related departments, sectors, and local authorities. The Management Board of Industrial Parks is responsible for appraising the investment policy and managing the IP in accordance with the Law on Investment and related regulations.
Related departments and sectors: Perform investment appraisal according to their functions and tasks; supervise the implementation of the project to ensure compliance with land use planning; ensure that the investor meets the conditions for land lease, capital mobilization, etc.
People’s Committee of Giao Thuy district and the People’s Committees of Giao Long and Giao Chau communes are responsible for organizing land retrieval, compensation, and site clearance in accordance with the progress and legal regulations.
The People’s Committee also requires Vietnam-Singapore Industrial Park and Urban Development Joint Stock Company (the investor) to be legally responsible for the project’s dossier, use capital as committed, and comply with regulations on investment, land, environment, and real estate business.
Previously, the People’s Committee of Nam Dinh province issued a decision approving the master plan for the construction of Hai Long Industrial Park, Giao Thuy district, Nam Dinh province, by 2050.
Planned location of Hai Long IP (the map is for reference only)
According to the master plan, Hai Long IP covers an area of approximately 1,069 hectares, twice the size of Hoan Kiem District in Hanoi (529 hectares), and is located in four communes of Giao Thuy district.
In terms of location, Hai Long Industrial Park borders: the north side adjoins the existing residential area and National Highway 37B; the south side is adjacent to the East Sea; the east and west sides border agricultural land and residential areas, etc.
Phases of Hai Long IP (photo captured from the master plan)
The planning of this industrial park is divided into several phases, with phase 1 covering 180 hectares, focusing on attracting pioneering investors, developing infrastructure, and creating a foundation for subsequent phases.
It is forecasted that the entire Hai Long Industrial Park will employ approximately 110,000 people. In phase 1, the expected number of employees is around 18,000.
According to the master plan for the 2021-2030 period, with a vision towards 2050, approved by the Prime Minister: Industry is oriented to become the driving force for Nam Dinh’s economic growth. By 2030, the proportion of industry and construction in the province’s GRDP is expected to exceed 50%.
Therefore, the formation of Hai Long IP will significantly contribute to the development of Nam Dinh province, in line with the approved master plan.
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