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Hai Phong licenses new industrial park in Tien Lang District

by NDO23 June 2022 Last updated at 16:28 PM

A Hai Phong official grants Tien Thanh Company a license to develop a new industrial park in Tien Lang District.
A Hai Phong official grants Tien Thanh Company a license to develop a new industrial park in Tien Lang District.

VTV.vn - The Hai Phong authorities granted a licence on June 22 to Tien Thanh Company to build an industrial park worth nearly 4,600 billion VND (198 million USD) in Tien Lang District.

Tien Thanh Industrial Park, which will cover 410 hectares in the communes of Tien Thanh and Cap Tien, is expected to create new space for the attraction of industrial and services investors as existing industrial parks are already highly occupied.

On the same day, the municipal authorities also granted licences to three new foreign-invested projects worth a total of 146.5 million USD and approved additional investment worth 85 million USD to two current projects.

Among the new projects, HMT Hai Phong New Technical Materials Company Limited will build a factory worth 75 million USD for the manufacture of parts for passive safety systems in cars in An Duong Industrial Park, scheduled for completion in the first quarter of 2025.

ESR V Investor 4 Pte. Ltd. will invest 33 million USD in a logistics and warehouse project in Nam Dinh Vu Industrial Park while Classic Leaf Vietnam will pour 38.5 million USD into building factories and warehouses for rent.

In the meantime, Phi Hong Vietnam will double its investment to 100 million USD and Shin-Etsu Magnetic Materials Vietnam increase its investment by 35 million USD to 442 million USD.

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