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[BUSINESS] · Vietnam · 3 sources

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Gia Lai province announces major industrial park infrastructure projects

Gia Lai province is advancing significant industrial infrastructure projects to attract investment and support economic restructuring.

Authorities in Canh Vinh commune are seeking investors for the Canh Vinh 3 Industrial Cluster. The project, located in Hiep Vinh 2 village, covers 64.8 hectares with an estimated total investment of 500 billion VND. The development aims to follow an ecological model, providing technical infrastructure such as internal roads, water supply, drainage, and waste treatment. Implementation is expected to begin in 2026, with a completion timeline of no more than 36 months. Investors must demonstrate a minimum equity of 15% of the total investment.

Additionally, the Gia Lai People's Committee has approved the second phase of the Phu My Industrial Park. Managed by Tay Nguyen Infrastructure and Industrial Park Investment Co., Ltd., this phase involves an investment of over 4,355 billion VND across 384.06 hectares in Phu My Dong commune. The project is scheduled to run from the fourth quarter of 2026 through the third quarter of 2030. The development will include production land, warehouses, and comprehensive technical systems to support secondary investors.

Entities

Canh Vinh 3 Industrial Cluster · Gia Lai Province · Phu My Industrial Park · Tay Nguyen Infrastructure and Industrial Park Investment Co., Ltd.