Construction of $176 mln IP starts in Hai Phong

Construction of Tien Thanh Industrial Park (IP) kicked off in northern Hai Phong port city on April 18 with estimated investment capital of nearly VND4.6 trillion ($176 million).

The project is invested in by Tien Thanh IP Investment JSC which will contribute over VND919 billion ($35 million) to the investment capital. The rest will be mobilized from different sources.

The IP covers an area of 410.6 ha in Tien Lang district.

The investor aims to build a modern, green, and smart IP, where high-value, environmentally friendly industries will converge.

Mr. Nguyen Duc Tho, Vice Chairman of Haiphong People's Committee, hopes that in the future, the park will help to promote the city’s FDI attraction while contributing to generating jobs for some 30,000 workers.