GNP Capital proposes investment in 650-hectare IZ in Thanh Hoa

December 16, 2022 | 11:48

(0) user say

Gaw NP Capital (GNP Capital) hopes to sponsor the building of the 1/2000-scale construction zoning plan for the 650-hectare industrial zone (IZ) in the central province of Thanh Hoa.

GNP Capital proposes investment in 650-hectare IZ in Thanh Hoa

Along with this, GNP Capital also wants to survey the opportunity to develop this industrial zone.

However, based on the proposal by Nghi Son Economic Zone Management Authority in Official Letter No.3869/BQLKKTNS&KCN-QLQH dated December 5, Thanh Hoa People’s Committee moved to deny this proposal.

According to the explanation from the province, GNP Capital’s proposed IZ is in the provincial planning for the 2021-2030 period, with a vision to 2045, and the general planning of Thanh Hoa's urban area up to 2040. These plans are being appraised and have yet to be approved by the prime minister.

“Thus, it does not have a base to receive investor sponsorship to build the construction zone plan,” the province replied.

GNP Capital is a property investment joint venture with a capital scale of $200 million, which is contributed by Gaw Capital Partners – a leading investor in Asian real estate – and NP Capital – one of the most experienced investors and developers in Vietnam.

In late October 2020, GNP Capital, via Gaw NP Industrial, launched GNP Yen Binh – an industrial centre introducing a built-in factory block in the Pho Yen district of Thai Nguyen city.

This centre is the first project to mark the presence of Gaw NP Industrial in the field of industrial real estate.

VSIP approved to develop Industrial Park in Can Tho

Vietnam Singapore Industrial Park Group (VSIP Group) was awarded the decision to develop an industrial park project in Vinh Thanh district, Can Tho city, on October 17.

Gilimex Industrial Park construction kicks off

Thua Thien-Hue People's Committee and Gilimex Industrial Park JSC broke ground on the construction of Gilimex Industrial Park in the province’s Huong Thuy town on November 11.

Second Hyundai Thanh Cong auto factory inaugurated in Ninh Binh

Auto manufacturer Thanh Cong Group and Huyndai Motor Group inaugurated the second Huyndai Thanh Cong Vietnam factory in Gian Khau industrial park, the northern province of Ninh Binh, on November 15.

THACO to invest $1 billion in an industrial park in Binh Duong

The automaker Truong Hai Auto Corporation (THACO) is mulling plans to invest in a mechanical supporting industrial park with the total investment capital of $1 billion in the southern province of Binh Duong.

Nam Cau Kien Industrial Park honoured at international innovation exhibition

Nam Cau Kien Industrial Park recently received a host of awards at the International Exhibition of Science and Technology Innovation held in Seoul, South Korea on November 15.

By Oanh Nguyen

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional