The Ministry of Planning and Investment has proposed that the Prime Minister approve investment in building infrastructure at the Vinhomes Vung Ang Industrial Park (IP) in north-central Ha Tinh province.

The IP covers 964.84 ha at the Vung Ang Economic Zone.

Total investment is estimated at over VND13.27 trillion ($541 million).

Of the total, the investor, the Vinhomes IZ JSC, will contribute nearly VND2 trillion ($81.6 million) and the remainder will be mobilized from different sources.

Construction must not take any longer than six years.

The Vung Ang Economic Zone covers over 22,000 ha and has attracted more than 151 projects with combined investment of nearly VND60 trillion ($2.44 billion) since being established in 2006.