Hanoi to build $254 mln craft village industrial cluster
The cluster to give priority to secondary investors that use clean, automated, and high-tech production processes.
Hanoi plans to build Nam Tien Craft Village Industrial Cluster in Phu Xuyen outlying district of Hanoi with a total investment capital of VND623 billion (more than $23.9 million), the Vietnam News Agency quoted the municipal People’s Committee as reporting.
Spanning 26.3ha across Nam Tien commune and Phu Minh town, which are known for traditional crafts such as carpentry and mechanical engineering, the industrial cluster is designed to relocate production facilities from residential areas. It aims to improve environmental protection, enhance product quality, and promote sustainable industrial practices.
Hoang Tin Urban and Infrastructure Development Investment JSC has been selected as the main investor for the project. The industrial cluster is expected to be completed in two years and operate for 50 years.
The site will feature modern infrastructure, including a centralized wastewater treatment plant, separate wastewater and surface water collecting systems, street lighting, and trees. Priority will be given to secondary investors that use clean, automated, and high-tech production processes that meet stringent environmental standards.
