DistantNews
Vietnam's Dak Lak Province Breaks Ground on $100 Million Industrial Park
๐Ÿ‡ป๐Ÿ‡ณ Vietnam /Economy & Trade

Vietnam's Dak Lak Province Breaks Ground on $100 Million Industrial Park

From Tuแป•i Trแบป · (11m ago) Vietnamese Positive tone

Translated from Vietnamese, summarized and contextualized by DistantNews.

TLDR

  • Dak Lak province in Vietnam has commenced construction of the Phu Xuan Industrial Park, a project valued at approximately 2.477 trillion VND (around $100 million USD).
  • The industrial park spans over 313 hectares and is expected to attract investment, boost industrial growth, and create jobs in the Central Highlands region.
  • The project, approved by the Prime Minister, is slated for completion within 36 months and aims to become a key development hub for Dak Lak and the wider Tรขy Nguyรชn area.

The Central Highlands province of ฤแบฏk Lแบฏk has taken a significant step towards industrial development with the groundbreaking ceremony for the Phรบ Xuรขn Industrial Park. This ambitious project, with a total investment of approximately 2.477 trillion VND (roughly $100 million USD) and covering over 313 hectares, signals a strong commitment from provincial leadership and investors to foster economic growth in a region traditionally known for agriculture.

The project has a scale of 313.03 hectares, with a total investment of about 2,477 billion VND, implemented in 3 phases, with phase 1 costing about 802 billion VND.

โ€” Mr. Le Van Tuan, General Director of DPV Dak Lak JSC (Project Investor)The investor details the scale and phased investment plan for the Phu Xuan Industrial Park.

This initiative is poised to be a major catalyst for attracting new investments and driving industrial expansion within ฤแบฏk Lแบฏk and the broader Tรขy Nguyรชn (Central Highlands) region. By developing modern infrastructure, the province aims to create a more competitive industrial ecosystem, offering much-needed employment opportunities for the local workforce and contributing to a crucial economic diversification away from solely relying on coffee and other agricultural products.

The Phu Xuan Industrial Park project has been approved by the Prime Minister... According to the plan, the project will be completed within a period not exceeding 36 months from the date of land handover.

โ€” Mr. Dao MyProvincial leadership confirms the project's official approval and outlines the timeline for its completion.

The Phรบ Xuรขn Industrial Park has received official approval from the Prime Minister, underscoring its strategic importance in the national development plan. Provincial leaders have pledged their full support to the investors, emphasizing the project's role in realizing the province's vision to become a central hub for the Tรขy Nguyรชn sub-region by 2030. The successful and timely completion of this park is seen as vital for enhancing the region's economic resilience and overall development.

Dak Lak province commits to accompanying and supporting investors throughout the implementation process, with the expectation that the Phu Xuan Industrial Park will soon be operational, attracting many businesses, contributing to economic growth, and creating more jobs for local people.

โ€” Mr. Dao MyA provincial leader assures investors of government support and expresses high hopes for the park's economic impact.
DistantNews Editorial

Originally published by Tuแป•i Trแบป in Vietnamese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog