HCMC – Deputy Prime Minister Le Van Thanh has approved a plan to develop the Binh Phu industrial park project covering some 215 hectares of land in the northern province of Hoa Binh.
The project, located in Mong Hoa Commune in Hoa Binh City, will be invested by Phu My Group JSC, the local media reported.
Work on the industrial park will be executed within 36 months after the site is handed over to the investor and will operate for 50 years.
The provincial government was told to speed up the land reclamation, clearance and compensation processes as well as the conversion of land use purpose to start work on the project.
Besides, the Hoa Binh government was asked to direct the investor to develop infrastructure for the industrial park to ensure the connectivity between factories and production facilities there.
In Hoa Binh Province, Phu My Group had earlier invested in the Mong Hoa industrial park infrastructure project covering 236 hectares.