Construction Begins on Vietnam’s US$520-million Industrial Park

• Kongleaphy Keam
• 10 September 2022
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Construction has begun on a 10-sq-km industrial park in Vietnam’s southern province of Binh Thuan with a ground-breaking ceremony attended by Prime Minister Pham Minh Chinh.

The construction will cost US$520 million and the park will serve sectors ranging from building materials to food processing when complete in 2025, according to GCR.

The park will also feature two 450MW gas-fired power plants and a 100ha port to import liquified natural gas. Prime Minister Chinh said the park, which will become one of the largest in the country, would play a part in making Vietnam into an upper-middle income country by 2030 and a developed country with a high per capita income by 2045.

Vietnam hopes to achieve those goals by investing in the digital transformation of existing industries, the digital economy, green energy, circular economy principles and adaption to climate change.

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