The 100ha zone will be expanded by 110ha and cost the Bình Chánh Construction and Investment Joint-Stock Company VNĐ1 trillion (US$44.8 million).
The People’s Committee submitted the expansion proposal to the Government last May.
According to the city authorities, the expansion will create 10,000 jobs and bring the city VNĐ354 billion ($15.9 million) a year in taxes and land rents.
The zone has 175 projects with a total investment of $200 million. — VNS
