Sizable IPs approved for investment in January

On January 22, Deputy Prime Minister Tran Hong Ha approved a project for the development of infrastructure at Kim Thanh 2 Industrial Park (IP) in the northern province of Hai Duong.

Photo: baodautu.vn

The project will be based in Kim Thanh district, covering 234.6 hectares. Total investment approximates $142 million, with Hung Yen Investment and Development Corporation as the developer.

On the same day, a project was approved for developer HD Industrial Park Development Investment JSC. The project, covering 450ha, is located in Phu My town in the southern province of Ba Ria-Vung Tau. The total investment comes to $208 million.

On January 21, the deputy prime minister gave the nod for the construction and infrastructure developmentof Nghia Hung IP, located in Lang Giang district in the northern province of Bac Giang.

The project spans 148.7ha, with an investment reaching $91.7 million. The developer is Gilimex Bac Giang Industrial Park JSC.

On January 16, the deputy PM signed a decision approving an investment policy for the second phase of Bac Dong Phu IP in Binh Phuoc province in the southern region.

The project covers Dong Phu district and Dong Xoai city, with a total investment amounting to $56.7 million, with Bac Dong Phu Industrial Park JSC as the investor.

On January 15, the government approved an investment policy for the development of infrastructure at Nam Trang Cat IP in the northern port city of Haiphong.

The project will be located in Hai An district with a total investment reaching $93.8 million. Vinhomes Industrial Park Investment JSC will act as the developer.

On January 8, an investment policy for the construction and infrastructure development at Yen Binh 3 IP in Thai Nguyen province in Vietnam’s northeast got the greenlight.

The project spans 295.3ha in Diem Thuy and Nga My communes, Phu Binh district. The total investment surpasses $172 million, with BMK Group JSC as the developer.

On January 5, the Deputy Prime Minister approved the investment policy for first-phase of Vinh Quang IP project in Haiphong city, covering 226ha space.

The project’s investment value capital is at $148 million, with Idico Vinh Quang JSC as the developer.

On January 1, Ha approved an investment policy for the second phase of Vinh Thanh IP's construction and infrastructure development in Can Tho city in the Mekong Delta.

The project spans 540ha in Vinh Thanh district, Can Tho city, with an investment of $327 million. Thanh Binh Phu My JSC will be the developer.

According to information released at a year-end summary of the planning and investment sector on December 28 in Hanoi, by the end of 2024, Vietnam was home to 447 IPs. Of these, 304 IPs were operational, while 143 IPs were under construction.

As of now, IPs and economic zones across the country have enticed more than 11,200 foreign ventures and over 10,600 domestic investment projects.

As of November 2024, foreign-invested projects had disbursed over $21 billion, marking a 7 per cent increase compared to the same period in 2023, a record high for the 2019-2024 period.

Currently, IPs and economic zones nationwide provide direct employment for approximately 4.16 million workers.

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