Authorities in Nghe An Province, central Vietnam, have approved an investment policy and selected investors for the development of infrastructure at Zone B of Tho Loc Industrial Park, located within the province's Southeast Economic Zone.
The project will cover approximately 174.65 hectares and require a total investment of more than VND2.1 trillion (about $84 million). Investor equity will account for over VND320 billion, while the remaining capital will be mobilized from other lawful funding sources.
The approved investors are Pacific Group Joint Stock Company and Japan Construction Management Joint Stock Company.
The project is designed to develop and operate industrial park infrastructure and will have an operational term of 50 years from the date the land is first allocated or leased by the State.
Development will be carried out in two phases. The first phase, covering 100 hectares, is scheduled to begin site clearance in 2027, with construction completed and operations commencing in 2028. The second phase, spanning 74.65 hectares, is expected to undergo land clearance between 2028 and 2029 before becoming operational in 2030.
The Tho Loc IP expansion is expected to strengthen the industrial infrastructure network within the Southeast Economic Zone and provide additional ready-to-use industrial land for manufacturing and processing projects. Provincial authorities believe the project will help attract new investment, create jobs, support economic growth and enhance Nghe An’s competitiveness as an investment destination.
