Authorities in northern Quang Ninh province have approved an investment policy and selected an investor for a new industrial park project in the northeastern area of Van Don Economic Zone, with total investment capital of VND2.58 trillion ($100 million).
The project will focus on developing and operating infrastructure for a supporting-industry park with a 50-year operating term.
Covering nearly 348 hectares, the project will be implemented in two phases. The first phase spans 202.7 hectares and is expected to be completed within 36 months from land allocation, while the second phase of 145.1 hectares is scheduled for completion within 18 months.
The investor, Quang Ngan Industrial Development and Investment JSC, will contribute VND386.7 billion ($14.64 million), with the remainder mobilized from other sources.
The province said the park will prioritize high-tech, environmentally friendly projects with high added value, efficient use of land and energy, and minimal environmental impact, while excluding energy-intensive or polluting industries.
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