The 75-ha project carries a total investment of nearly VND447 billion (about $17 million).

The People’s Committee of Ha Tinh Province, central Vietnam, has
approved the investment policy and selected an investor for the Cong Khanh 3
Industrial Cluster project in Nam Hong Linh Ward.

Under the committee’s recent decision, the project will be developed by Global
Investment Construction and Trading Joint Stock Company on a site covering
approximately 75 hectares. The industrial cluster is designed to provide modern
and integrated infrastructure to attract domestic and foreign manufacturing and
business enterprises.

The project carries a total investment of nearly VND447
billion (about $17 million). The investor will contribute more than VND111.7
billion, accounting for 25% of the total capital, while the remainder will be
financed through other lawful funding sources.

The project has an operational term of 50 years from the
date land is allocated or leased by the State. Under the implementation
schedule, the investor is expected to complete the entire technical
infrastructure system and commence operations within 20 months after receiving
the land.

The project is expected to strengthen Ha Tinh’s industrial
infrastructure and support the province’s efforts to attract new investment and
expand its manufacturing base.

VnEconomy-Nguyễn Thuấn