Binh Dinh Invest

Investment in construction and trade of infrastructure of Phu My Industrial Park - Phase 1 in Binh Dinh province

01/03/2025

On February 18, 2025, the People's Committee of Binh Dinh province issued Decision No. 513/QD-UBND on approving the investment policy and the investor for Phu My Investment Group Joint Stock Company to invest in construction and trade of infrastructure of Phu My Industrial Park - Phase 1.

Accordingly, the project is implemented in the Phu My Industrial Park Planning Area, located in My An and My Tho communes, Phu My district with a scale of 436.87 hectares (belonging to the Northern Sub-zone planning (Sub-zone I), Phu My Industrial Park approved by the Provincial People's Committee for the general construction planning at a scale of 1/5,000 in Decision No.11/QD-UBND dated January 2, 2025).

The total value of the project is VND 4,569 billion; the implementation period is no more than 48 months in line with the progress of site handover. The project is oriented towards an ecological industrial park with a modern infrastructure system, attracting high-value industries.

The decision of Binh Dinh Provincial People's Committee also clearly stated the responsibility of the Investor Phu My Investment Group Joint Stock Company in implementing the investment project in accordance with the objectives, scale, content, and committed progress; complying with legal regulations on construction, land, environment, fire prevention and fighting, labor, business registration, investment registration and relevant legal regulations during the implementation process. The investor is responsible for implementing procedures for changing the purpose of using rice land and changing the purpose of using forest land according to regulations; the project implementation on site is only carried out after all required procedures are completed.

Binh Dinh Provincial Economic Zone Administration, relevant departments and Phu My Investment Group Joint Stock Company are responsible for implementing the decision.

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