Construction of the Phu My 2 Industrial Zone (IZ), covering over 1,000 ha of land, commenced on March 6 in Phuoc Hoa commune, Tan Thanh District, in the southern province of Ba Ria-Vung Tau.
The project, worth more than 3 trillion VND, is funded by the Vietnam Urban and Industrial Zone Development and Investment Corp (IDICO).
IDICO has completed all of the necessary investment procedures for infrastructure construction and has started the construction of infrastructure facilities with investment totaling 700 billion VND.
Four investors have already registered to lease land in the IZ. The investment projects include a 1.1 billion USD hot steel rolling project and a 500 million USD steel project, managed by the Posco group from the Republic of Korea, a 180 million USD steel ingot project by the Taiwanese FUCO Steel Company and a 30 million USD construction materials production project by Hoa Sen company.
The project, worth more than 3 trillion VND, is funded by the Vietnam Urban and Industrial Zone Development and Investment Corp (IDICO).
IDICO has completed all of the necessary investment procedures for infrastructure construction and has started the construction of infrastructure facilities with investment totaling 700 billion VND.
Four investors have already registered to lease land in the IZ. The investment projects include a 1.1 billion USD hot steel rolling project and a 500 million USD steel project, managed by the Posco group from the Republic of Korea, a 180 million USD steel ingot project by the Taiwanese FUCO Steel Company and a 30 million USD construction materials production project by Hoa Sen company.
Vietnam Net
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