Deputy Prime Minister Tran Hong Ha has signed a Prime Ministerial decision, approving the investment orientation for the infrastructure development project of Hung Phu Industrial Park in Thai Binh province.

Under Decision No 971/QD-TTg, dated September 13, 2024,  Geleximco Hung Phu Joint Stock Company was granted the right to invest in the project in Nam Hung commune, Tien Hai district. The project's total investment is over VND1.9 trillion ($79 million), with the investor contributing VND300 billion (nearly $12.24 million).

The project's operating term is 50 years from the date of approval.

The Ministry of Planning and Investment is responsible for assessing the project's investment orientation and managing industrial zones in accordance with relevant laws.

Thai Binh province's People's Committee must ensure the accuracy of reported information, data, and appraisal content, the project's conformity with approved planning, and the management and use of the remaining 5.92 ha of Hung Phu Industrial Park.