The Prime Minister issued Decision No. 1462/QD-TTg on November 25, giving the green light to the investment plan and investor for the construction and commercialization of infrastructure at the Hoa Yen Industrial Park in northern Bac Giang province.

The project will span nearly 257 ha, straddling Dong Lo commune in Hiep Hoa district and Tien Son, Trung Son, and Huong Mai communes in Viet Yen town.

With a substantial investment of VND3.745 trillion (approximately $147 million), the project is being spearheaded by the Fecon Hoa Yen Joint Stock Company, which will contribute nearly VND562 billion ($22 million).

The initiative aims to attract investment projects that feature advanced technology, are environmentally friendly, and minimize labor and resource consumption.