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June 09, 2024 | 16:00

IP expansion project in Long An approved

Song Hoàng

Total investment estimated at $221 million.

IP expansion project in Long An approved

Deputy Prime Minister Le Minh Khai has given the green light to the investment policy for the expansion of Phuc Long Industrial Park (IP) in the Mekong Delta province of Long An.

Total investment capital of the project is estimated at over VND5.64 trillion ($221 million).

The expanded IP will cover more than 328.8 ha in Ben Luc and Can Duoc districts.

Phuc Long Investment and Construction Ltd. Co has been licensed to be investor of the project.

The provincial authorities are required to carry out land acquisition, compensation, site clearance and land leasing in line with regulations and the approved plan.  

Long An targets to have 51 IPs by 2030.

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