Phu Yen approves Hoa Phat's investment policy in Hoa Tam Industrial Park of nearly 500 hectares

On May 30, the People's Committee of Phu Yen province held a ceremony to hand over the Decision approving the investment policy and approving the investor for the Hoa Tam Industrial Park Infrastructure Construction and Business Investment Project (Phase 1). The project is implemented by Hoa Tam Industrial Park Infrastructure Development Joint Stock Company (under Hoa Phat Group) with a land use scale of about 491.87 hectares; total investment capital of more than VND 4,188 billion.

Phu Yen provincial leaders presented the decision approving the investment policy of Hoa Tam Industrial Park to Hoa Phat representative - Mr. Tran Kien Cuong, Director of Hoa Phat Urban Development and Construction Joint Stock Company (second from left)

The project is implemented in Hoa Tam commune, Dong Hoa town, Phu Yen province with the aim of investing in construction and trading of industrial park infrastructure; leasing land, factories, and offices in the industrial park. The total investment capital of the project is over 4,188 billion VND.

The project's operating period is 70 years from the date of land allocation. Construction and operation progress is expected within 48 months from the date of land allocation decision.

Mr. Le Tan Ho, Permanent Vice Chairman of Phu Yen Provincial People's Committee, said that investment projects in Phu Yen province are expected to be the nucleus to promote breakthrough development of industry and create a spillover effect for the development of trade and service sectors; creating jobs for tens of thousands of workers.

Previously, on March 3, 2024, Hoa Phat Group decided to sign a memorandum of understanding to cooperate in investing in 3 projects in Nam Phu Yen Economic Zone. The projects include: Bai Goc Port; Investment in construction and business of infrastructure of Hoa Tam Industrial Park; and Hoa Phat Iron and Steel Complex Project in Hoa Tam Industrial Park. The total estimated investment research capital is over 120,000 billion VND.

Hoa Tam Industrial Park project is invested in synchronous infrastructure construction with the goal of serving the formation of Hoa Phat Iron and Steel Complex with an expected capacity of 6 million tons/year in Phu Yen.

With this new project, the total planned industrial park land fund of Hoa Phat is currently nearly 2,000 hectares. Previously, the Group owned and operated 04 projects including: Pho Noi A Industrial Park with a scale of over 689 hectares (Hung Yen), Hoa Mac Industrial Park 131 hectares (Ha Nam), Yen My II Industrial Park 313.5 hectares (Hung Yen) and most recently Dong Phuc Industrial Park 354 hectares ( Bac Giang ).

HPG News

Source: https://www.hoaphat.com.vn/tin-tuc/phu-yen-chap-thuan-chu-truong-dau-tu-khu-cong-nghiep-hoa-tam-gan-500ha-cua-hoa-phat.html