The IP has total ivestment of VND1.845 trillion ($701 billion).

The People’s Committee of central Hue city has approved a
joint venture as investor of the Industrial Park No.2 at Chan May – Lang Co
Economic Zone.

The joint venture between Kim Long Hue IP Infrastructure
Investment Ltd.Co and Kim Long Motor Hue JSC will contribute VND400 billion ($15.2
million) to the project’s total investment capital which is estimated at VND1.845
trillion (more than $70 million). The IP will cover 204 ha in the Chan May – Lang Co EZ,  which is
being oriented to develop into an industrial – seaport – logistics center of
Hue city and the country’s  North Central region.

Construction of the project is scheduled to start in the
fourth quarter of 2026 and it is expected to be put into operation in the
second quarter of 2029.

VnEconomy-Nguyễn Thuấn