Ho Chi Minh City leases 700 hectares for 75 trillion VND mechanical industrial park

The Ho Chi Minh City People's Committee has approved the leasing of over 700 hectares of land to Thadico - Binh Duong Industrial Park Development Investment Co., Ltd. for the construction and operation of a specialized mechanical industrial park.

The project, which involves a total estimated investment of over 75,000 billion VND, is being developed by a member of the THACO Group. The industrial park is designed as a modern, green, and smart facility, integrating automation through digital platforms, artificial intelligence (AI), and a closed-loop circular ecosystem.

The development will include approximately 400 hectares dedicated to a mechanical manufacturing center covering fields such as precision mechanics, welding, and assembly. Additionally, 50 hectares will be allocated for a research and development center featuring design, material testing, and innovation hubs. Once operational, the park is expected to attract more than 30,000 workers, with nearly 10,000 holding university degrees or higher.