Authorities of northern Hai Phong port city have given the green light to the investment policy for construction of Ngu Phuc and Tan Trao Industrial Parks (IP).

The Ngu Phuc IP (first phase) will cover 238ha in Ngu Phuc and Kien Quoc communes. Its total investment capital is estimated at VND5.67 trillion ($217 million).

Meanwhile, the Tan Trao IP (first phase) will cover over 226ha in Tan Trao and Kien Quoc communes with an estimated investment capital of more than VND4 trillion ($153 million).

The Vinhomes Hai Phong Industrial Park Investment JSC was licensed to be the investor of the two projects.

The projects’ implementation is scheduled to last five years, from the second quarter of 2025 to the second quarter of 2030.