The Khanh Hoa Provincial People's Committee presented the investment approval decisions at a conference on 31/12, announcing the investment policy approvals and investor selections for industrial park infrastructure construction and business.

Ninh Xuan 1 Industrial Park, with a total capital exceeding 4,630 billion VND and covering nearly 500 ha, is being developed by the Industrial Investment and Development Corporation - JSC. The project aims to establish an industrial park with synchronized and modern technical infrastructure, capable of attracting industrial manufacturing projects in line with the established master plan.

Van Phong Economic Zone, Khanh Hoa. Photo: JSC

Ninh Xuan 2 Industrial Park, spanning 490 ha, is being developed by the Vietnam-Singapore Industrial Park Joint Venture Co., Ltd. (VSIP), with a total investment exceeding 4,000 billion VND. This project focuses on investing in the construction and operation of industrial park infrastructure to attract supportive industry and high-tech manufacturing projects.

Both projects are located in Tan Dinh and Tay Ninh Hoa communes within Bac Van Phong. They have an operational period of 70 years, with project implementation not exceeding 60 months from the date of land allocation and lease.

In addition to these two projects, the conference also announced and presented the investment approval decision for Ninh Diem 1 Industrial Park. This project, with an investment of approximately 2,834 billion VND, is being developed by Ninh Khanh Land Development Joint Stock Company.

Tran Phong, Chairman of the Khanh Hoa Provincial People's Committee, stated that these three projects are strategic, creating a modern ecosystem that will boost provincial budget revenue and help the province achieve its goal of becoming a centrally-governed city sooner.

The provincial People's Committee leadership committed to supporting and fostering a favorable environment for investors throughout the project implementation. "I urge all departments, agencies, and localities to focus on site clearance and promptly resolve any issues that arise to ensure businesses complete projects on schedule", Phong said.

The Van Phong Economic Zone spans approximately 150,000 ha, with one-half being water surface area and the remainder consisting of mainland and islands. The entire zone is divided into 19 sub-zones, serving as one of the three key economic regions of Khanh Hoa province, aiming for development in seaports, logistics services, urban areas, and resort services.

Bui Toan