The People’s Committee of central Thanh Hoa province has approved the establishment of Xuan Hoa – Tho Hai Industrial Cluster with an estimated investment capital of over VND597 billion ($22.7 million).

The cluster has total area of 70 ha in Tho Xuan district.

The project’s investor, the GRAND BRIGHT Group, will contribute VND127 billion ($4.84 million) or 21.26% of the total investment capital. The remaining will be mobilized from loans and other legal sources.

The cluster gives priority to attracting enterprises operating in the fields of food processing and production, garments and textiles, footwear, printing, chemicals, electronics, computers, furniture, and automobile spare parts.  

The cluster consists of two zones. The Zone 1 has a total area of 40.3ha and the Zone 2 has a total area of 29.7ha.

As planned, construction of the Zone 1 will start from the third quarter of 2026 and complete in the fourth quarter of 2027.

In the second phase, the Zone 2 will be built from the third quarter of 2027 and is scheduled for completion in the fourth quarter of 2028.