Northern Phu Tho province on August 14 broke ground on a complex of five major projects in Thinh Minh Commune, with a combined investment of VND7.596 trillion ($290 million) and a total area of 592 hectares.
The five projects have completed all required investment, construction, land and environmental procedures and are now entering the construction phase.
The largest is Thinh Minh Industrial Park, covering nearly 430 hectares with investment of over VND4.8 trillion ($182 million). It will be developed as an eco-industrial park targeting high-tech and environmentally friendly projects.
Thinh Minh 1 Industrial Cluster covers more than 72 hectares with investment of nearly VND575 billion, providing additional industrial production space and strengthening local supply chains.
The Phu Minh Eco-Urban Area spans more than 87 hectares and has investment of nearly VND1.7 trillion, featuring green urban, commercial and service facilities.
Meanwhile, the 2.79-hectare Phu Minh social housing project will receive nearly VND400 billion, helping meet workers’ housing needs and support local workforce development.
A water supply pipeline system for Thinh Minh Commune, costing VND114.5 billion, will provide clean water for industrial production, urban development and residents.
At the ceremony, the investor consortium also signed strategic cooperation MoUs with partners in ESG, renewable energy, human resources and investment promotion, as well as with 13 pioneering investors registering to invest in the two industrial projects.
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