Business

Vinh Phuc approves 81-million-USD project on industrial park development

The People's Committee of northern Vinh Phuc province on March 5 granted investment certificates for the construction of the Phuc Yen Industrial Park project worth of 2 trillion VND (81 million USD) for the two companies.
Vinh Phuc approves 81-million-USD project on industrial park development ảnh 1Concept master plan of the Phuc Yen Industrial Park project worth of 2 trillion VND (81 million USD). (Photo: SHINEC)
Vinh Phuc (VNA) - The People's Committee of northern Vinh Phuc provinceon March 5 granted investment certificates for the construction of the Phuc YenIndustrial Park project worth of 2 trillion VND (81 million USD) for the twocompanies.

They are the SHINEC Joint Stock Company and Vinh Phuc International Service andIndustrial Zone Joint Stock Company.

The project, located in Phuc Yen city, covers an area of 111.3 hectares, with aproposed 50-year operational period.

According to the committed schedule, the investment and construction ofinfrastructure is anticipated to complete from Q2 of 2025 to Q1 of 2027, withoperation commencing from Q2 of 2027.

The Phuc Yen Industrial Park will have a synchronised and modern technicalinfrastructure system. It targets projects in the fields of mechanicalengineering, precision mechanics, medical equipment, electrical equipment, withmodern and advanced technologies and minimal environmental pollution.

The park, developed by SHINEC and its partner, is expected to be one of thevibrant and high-quality investment destinations, promising to contributesignificantly to the socio-economic development of Vinh Phuc province.

The location is advantageous, being approximately 35 km from the centre of Hanoi,nearly 10 km from Noi Bai Airport, and 150 km from Hai Phong Port and Cai Lan Portand being adjacent to the Noi Bai – Lao Cai expressway.

In recent years, Vinh Phuc province has been steadfast in its sustainabledevelopment strategy. It has been accelerating the adjustment and planning ofindustrial parks towards specialisation, ecological friendliness, andintelligence, gradually building exemplary industrial parks with coordinatedand modern infrastructure./.
VNA
#Vinh Phuc #Phuc Yen Industrial Park #SHINEC Joint Stock Company #Phuc Yen city #Noi Bai – Lao Cai expressway #industrial parks #updated Vietnam news #Vietnamplus #Vietnam News Agency
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