Business

Hanoi to develop 254-million-USD industrial cluster

Until 2030, Hanoi looks to have 159 industrial clusters covering a total area of 3,204 ha, expand five clusters established between 2017 and 2020 with a total area of about 45 ha, and build 21 new ones covering about 536 ha.

Chanh Thon carpentry village in Nam Tien commune, Phu Xuyen district, Hanoi (Source: nongthonmoihanoi.gov.vn)
Chanh Thon carpentry village in Nam Tien commune, Phu Xuyen district, Hanoi (Source: nongthonmoihanoi.gov.vn)

Hanoi (VNA) – Nam Tien Craft Village Industrial Cluster in Hanoi’s outlying district of Phu Xuyen will be built with a total investment capital of 623 billion VND (about 254 million USD), according to the municipal People’s Committee.

Spanning 26.3ha across Nam Tien commune and Phu Minh town, which are known for traditional crafts such as carpentry and mechanical engineering, the industrial cluster is designed to relocate production facilities from residential areas. It aims to improve environmental protection, enhance product quality, and promote sustainable industrial practices.

Hoang Tin Urban and Infrastructure Development Investment JSC has been selected as the main investor for the project. The industrial cluster is expected to be completed in two years and operate for 50 years.

The site will feature modern infrastructure, including a centralised wastewater treatment plant, separate wastewater and surface water collecting systems, street lighting, and trees. Priority will be given to secondary investors that use clean, automated, and high-tech production processes that meet stringent environmental standards.

The Nam Tien Craft Village Industrial Cluster is anticipated to create new employment opportunities, accelerate local economic development, and support Phu Xuyen’s transformation toward modern industrialisation and deeper global integration.

Until 2030, Hanoi looks to have 159 industrial clusters covering a total area of 3,204 ha, expand five clusters established between 2017 and 2020 with a total area of about 45 ha, and build 21 new ones covering about 536 ha./.

VNA
#Nam Tien Craft Village Industrial Cluster #Hanoi #industrial clusters #Phu Xuyen district Ha Noi
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