Under recent Decision No. 734/QD-UBND of the People's Committee of Hue city in central Vietnam, an investor for the project to construct and operate the infrastructure of the city's Chan May Industrial Park and Non-Tariff Zone No. 01 has been approved.
The approved investor is Chan May Infrastructure JSC, headquartered in Thuan Hoa Ward, Hue City. The project’s total investment is over VND 1.45 trillion (nearly 53.5 million). This includes over VND217.8 billion ($8.3 million) in equity from the investor (15% of total capital) and the remaining will be mobilized from legal sources (85%).
Regarding the project schedule, site clearance, compensation, and land handover are slated to take place from the first quarter of 2026 through the fourth quarter of 2027.
Once the land is leased and handed over by the State, the investor will have a maximum of three months to finalize investment procedures, with construction expected to break ground in the fourth quarter of 2026. The project is scheduled to be completed and operational within 24 months, starting from the land lease date, with a target opening in the fourth quarter of 2028.
The project is strategically located approximately 6km from National Highway 1A and 3km from Chan May Port, providing excellent connectivity for both road and sea transport. The existing internal infrastructure in the area is already relatively well-developed, creating favorable conditions for production, logistics, and import-export activities.
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