On May 30, the People's Committee of Phu Yen province approved the investment policy and selected the investor for Phase 1 of the Hoa Tam Industrial Park infrastructure development project. The project, operated by Hoa Tam Industrial Park Infrastructure Development JSC, a member of Hoa Phat Group, will cover approximately 491.87 hectares, with a total investment of over VND 4,188 billion.

The leaders of Phu Yen province handed over the investment policy approval decision for the Hoa Tam Industrial Park to Hoa Phat’s representative, Mr. Tran Kien Cuong, Director of Hoa Phat Urban Development and Construction Joint Stock Company (second from the left).

The project is being implemented in Hoa Tam commune, Dong Hoa town, Phu Yen province, aiming to invest in the construction and business of industrial park infrastructure; leasing land, factories, and offices within the industrial park. The total investment capital for the project exceeds VND 4,188 billion. The project will operate for 70 years from the date the land is allocated. The construction and operation timeline is expected to be within 48 months from the land allocation decision. Mr. Le Tan Ho, Standing Vice Chairman of the Phu Yen Provincial People's Committee, said that investment projects in Phu Yen are expected to be a core driver to promote breakthrough industrial development and create spillover effects for trade and service sectors, while creating jobs for tens of thousands of workers. Previously, on March 3, 2024, Hoa Phat Group signed a memorandum of understanding to cooperate on investment in three projects in the Nam Phu Yen Economic Zone. These projects include Bai Goc Port; investment in construction and business of infrastructure for the Hoa Tam Industrial Park; and the Hoa Phat Steel Complex project at Hoa Tam Industrial Park. The total estimated research and investment capital exceeds VND 120,000 billion. The Hoa Tam Industrial Park project is being synchronously developed in terms of infrastructure with the goal to serve the formation of the Hoa Phat Steel Complex with an expected capacity of 6 million tons per year in Phu Yen. With this new project, Hoa Phat’s total industrial land bank now approaches nearly 2,000 hectares. Previously, the Group owned and operated four projects, including Pho Noi A Industrial Park with over 689 ha (Hung Yen), Hoa Mac Industrial Park 131 ha (Ha Nam), Yen My II Industrial Park 313.5 ha (Hung Yen), and most recently Dong Phuc Industrial Park 354 ha (Bac Giang).

 HPG News