The Prime Minister has approved an investment policy for the first stage of construction of infrastructure at the Vietnam-Singapore Industrial Park II (VSIP II) in the Dung Quat Economic Zone in central Quang Ngai province.

The project has total investment of over VND3.73 trillion ($155.7 million), of which the investor will contribute VND560.55 billion ($23.3 million), the Government News has reported.

Invested in by the VSIP Quang Ngai Co., Ltd, the project will cover 497.7 ha in Binh Thanh and Binh Hiep communes in Binh Son district.

The Quang Ngai Provincial People’s Committee was assigned to guide the investor on setting a specific timeline for project implementation and on strictly abiding by regulations on construction and land use.