HCMC – The Government has approved the second phase of the Vinh Thanh Industrial Park project in Can Tho City, with a total investment of VND7.85 trillion.
The expansion will span over 540 hectares in Vinh Trinh and Vinh Binh communes in Vinh Thanh District, as outlined by the Can Tho City People’s Committee.
Thanh Binh Phu My JSC has been appointed as the project developer, contributing nearly VND1.18 trillion in equity. The project is expected to be completed within 72 months after the land is handed over, reported the Vietnam News Agency.
Local authorities have been tasked with overseeing land clearance, converting agricultural land, and leasing land to the developer. They are also responsible for ensuring compliance with land-use regulations, particularly for rice fields, and supervising adherence to the approved plans.
The first phase of the industrial park, launched in September 2023, covers nearly 294 hectares with an investment of VND3.72 trillion. Developed by a consortium led by the Vietnam Singapore Industrial Park J.V. Co. (VSIP), it marked the first VSIP in the Mekong Delta and the 13th nationwide.
VSIP Can Tho has already attracted 20 investors from countries such as the U.S., Japan, and Singapore. Agreements have been signed for 100 hectares of land, with a total pledged investment of US$200 million, demonstrating the region’s growing appeal to foreign investors.
