Deputy Prime Minister Bui Thanh Son has signed Decision No 1431/QD-TTg, dated November 19, approving the investment plan for the construction and operation of infrastructure at the WHA Smart Technology - Thanh Hoa Industrial Park (IP), the Government News has reported.

The Decision formally approves the investment plan and names the three investors: WHA Industrial Development 2 (SG) Pte. Ltd., the WHA Industrial Management Services Vietnam Co., Ltd., and the WHAUP Nghe An Joint Stock Company.

Located in north-central Thanh Hoa province, the project aims to develop and operate the IP’s infrastructure on 178.51 ha of land in Hoang Hoa district.

It is expected to have some VND1.32 trillion ($51.9 million) in investment capital, with investors contributing VND216 billion ($8.5 million).

The operating period is set at 50 years from the date of approval.

Implementation is expected to take no more than 36 months from when the land is handed over by the State to the investor.