HCMC – Deputy Prime Minister Le Van Thanh has given the green light to the 207-hectare Dong Soc industrial park project in Vinh Phuc Province.
The Vinh Phuc Trading Investment Company also obtained approval to serve as the owner of the industrial park, the local media reported.
The industrial park, which will encompass parts of Van Xuan and Vu Di communes and Tu Trung Town in Vinh Tuong District, needs over VND2.2 trillion for infrastructure development, with some VND336 billion sourced from the investor and the rest from other sources.
The project will be executed 36 months after the site is handed over.
The Vinh Phuc government was told to create favorable conditions for the conversion of land use purposes to speed up work on the project, as part of the site for the park is now farmland.
Last March, the prime minister approved adding the Dong Soc industrial park in Vinh Phuc Province to the country’s industrial park development master plan.