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$104.77mn industrial park to take shape in central Vietnam

$104.77mn industrial park to take shape in central Vietnam

Saturday, November 12, 2022, 14:57 GMT+7
$104.77mn industrial park to take shape in central Vietnam
Officials attend the ground breaking ceremony of the VND2.6 trillion (US$104.77 million) Gilimex industrial park project in Thua Thien-Hue Province, Vietnam, November 11, 2022. Photo: Ngoc Hieu / Tuoi Tre

The People’s Committee of Thua Thien-Hue Province in central Vietnam and Gilimex Industrial Park Corporation kicked off the construction of a VND2.6 trillion (US$104.77 million) industrial park project on Friday.

The project covers an area of nearly 461 hectares in Huong Thuy Town, with its first phase expected to reach completion in the fourth quarter of this year.

The new industrial park, which specializes in making electrical and electronic products, computers and optical products, spare parts and accessories for automobiles, and many others, is capable of employing up to 30,000 workers once in operation.

Thua Thien-Hue’s Index of Industrial Production (IIP) rose 7.72 percent year on year in the first ten months of the year, according to the Ministry of Planning and Investment, with the manufacturing and processing sector growing 5 percent.

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Bao Anh - Nhat Linh / Tuoi Tre News


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