The groundbreaking ceremony for a project on infrastructure development for the Hoa Ninh Industrial Park (IP), with a price tag of over VND6,000 billion, took place on Tuesday.

The event was jointly organized by the People's Committee of Da Nang, the Da Nang Hi-Tech Park and Industrial Zones Authority (DHPIZA), and the Thanh Binh Phu My Joint Stock Company.

Leaders of the Ministry of Construction, Da Nang and Thanh Binh Phu My JSC pressed the button to start construction of the project. Photo: TRONG HUNG

The Hoa Ninh IP project spans a total area of 400.02 hectares, with industrial land comprising 55.3% of the total, which is approximately 221.22 hectares. This project was approved by the municipal People's Committee in the 1:2,000 zoning plan on November 26, 2019. The total investment for the project is around VND 6,800 billion, of which VND 3,280 billion is allocated for site clearance and resettlement, providing 2,860 resettlement lots.

Standing Deputy Secretary of the Da Nang Party Committee Nguyen Dinh Vinh (left) and Chairman of the municipal People's Committee Le Trung Chinh (right) presented Decision No. 398/QD-UBND of the municipal People's Committee approving the Thanh Binh Phu My JSC as the project investor. Photo: TRONG HUNG

On February 11, 2025, the municipal People's Committee issued Decision No. 398/QD-UBND approving the Thanh Binh Phu My Joint Stock Company as the project investor.

The total investment capital of the project is VND 6,204 billion, including more than VND 930 billion contributed by the investor, and the remainder is sourced from mobilised capital. The project will be implemented in Hoa Ninh Commune, Hoa Vang District with a maximum implementation period of 42 months starting from the date of land handover. The project is expected to operate for 50 years.

Previously, on December 31, 2024, the Prime Minister signed Decision No. 1639/QD-TTg approving the investment policy for the Hoa Ninh Industrial Park infrastructure construction and business investment project.

Speaking at the ceremony, Ms. Nguyen Thi Thao Nhi, Chairwoman of the Board of Directors cum General Director of the Thanh Binh Phu My Joint Stock Company, pledged to mobilise maximum financial, human and technical resources to implement the project to ensure progress, quality, safety and international standards.

She also emphasised the importance of the support from the city government in site clearance as well as completing administrative procedures so that the project can soon come into operation.

A representative of the Thanh Binh Phu My JSC donated VND 500 million to poor households in Hoa Ninh Commune. Photo: TRONG HUNG

Chairman of the municipal People's Committee Le Trung Chinh affirmed that the Hoa Ninh Industrial Park project is a testament to Da Nang's efforts to attract investment and develop sustainable industry.

The project aims to establish a high-tech industrial ecosystem within a Free Trade Zone in the northwest of the city. It will enhance the supply chain, create thousands of quality jobs, and positively impact related sectors such as logistics, tourism, and services.

The city leader pledged that the city will accompany investors, providing maximum support in site clearance, building synchronous infrastructure, reforming administrative procedures and creating a transparent investment environment.

He also expressed his belief that the project will be implemented effectively, becoming a bright spot on the Vietnamese industrial map, thereby contributing positively to the socio-economic development of Da Nang.

Also at the ceremony, DHPIZA presented Decision No. 1693/QD-TTg of the Prime Minister on approving the investment policy for the Hoa Ninh IP infrastructure construction and business project and Decision No. 398/QD-UBND of the municipal People's Committee on approving Thanh Binh Phu My Joint Stock Company (Phu My 3 Specialized Industrial Park, Phuoc Hoa Ward, Phu My Town, Ba Ria - Vung Tau Province) as the investor to implement the project.

On the occasion, a representative of the Thanh Binh Phu My JSC presented VND 500 million to poor, near-poor and disadvantaged households in Hoa Ninh Commune, Hoa Vang District.

Reporting by TRONG HUNG - Translating by M.DUNG