HCMC – The Mekong Delta city of Can Tho has approved establishing its seventh industrial park, Phu My 3 Can Tho Industrial Park, which will need a total of VND7.85 trillion to develop.
The city government recently held a ceremony to announce the investment approval and present the registration certificate to Thanh Binh Phu My JSC, reported the Vietnam News Agency.
The 540-hectare industrial park will operate for 50 years under Decision No. 1707/QD-TTg issued on December 31, 2024 by the Prime Minister.
Authorities expect it to attract both domestic and foreign investors while contributing to industrial growth in the region.
Designed to enhance industrial cluster development and improve supply chains, the park will feature modern infrastructure to support manufacturing and production.
It will also be integrated with Phu My 3 Specialized Industrial Park, Phu My Inland Port, and Cai Mep-Thi Vai Deepwater Port. Raw materials will be imported via Cai Mep-Thi Vai, transported inland for processing, and then re-exported.
Additionally, the park will supply domestic manufacturers with key materials such as chemicals, steel, construction materials, and petrochemical products, strengthening Vietnam’s industrial supply chain.
