The Gia Lai Provincial People's Committee has approved the investment policy and investor for the construction and business of infrastructure for Phu My Industrial Park (IP) phase thu hai. The total estimated capital for the project is over 4,355 billion VND.

Tay Nguyen Infrastructure and Industrial Park Investment Co., Ltd. is implementing the project in Phu My Dong commune. It covers an area of 384,06 hectares, part of the overall 820,86-hectare master plan for Phu My IP. Within this, 261,55 hectares are designated for industrial production development and warehouse leasing, integrated with infrastructure.

The projected total investment is 4,355 billion VND, comprising 653,3 billion VND from the investor's equity and over 3,701 billion VND in mobilized capital. The project has an operational term of 70 years, commencing from the date the investor is granted the land lease decision.

An artist's impression of Phu My Industrial Park.

According to the plan, from Q4/2026 to Q3/2027, the investor will carry out legal procedures, compensation, site clearance, and groundbreaking. The subsequent phase will focus on land leveling, synchronous technical infrastructure construction, and attracting secondary investors. The entire project is anticipated to be completed and operational by Q3/2030.

Once operational, the industrial park will provide production premises along with transportation systems, lighting, wastewater collection and treatment, security services, environmental sanitation, and public utilities.

Previously, Phu My Industrial Park phase thu nhat, covering 436,8 hectares, broke ground on 19/8/2025. Phu My Investment Group Joint Stock Company is the investor for this project, which is planned as a modern industrial model with synchronous infrastructure and a strong focus on environmental protection.

Ngoc Oanh