The administration of Ben Tre Province in southern Vietnam on Wednesday broke ground on the Phu Thuan Industrial Park project, the third industrial park in the province, which carries a price tag of almost VND3.5 trillion (US$148.7 million) and will create jobs for a maximum of 30,000 laborers.

The industrial park will cover over 231 hectares of land in Phu Thuan and Long Dinh Communes, Binh Dai District, said Bui Van Hiep, director of the Ben Tre Management Board of Civil and Industrial Construction Projects, the investor of the project.

Of the total capital, over VND3.4 trillion ($144.7 million) will be sourced from the provincial budget and VND96 billion ($4 million) from other sources.

Chairman of the Ben Tre People’s Committee Tran Ngoc Tam said the Phu Thuan Industrial Park project is one of the key projects in Ben Tre and is important to boost the province’s socio-economic development.

The project, once completed, will meet the demand of enterprises, ensure the stable consumption of local materials, and generate revenue for the state budget.

It will also accelerate urbanization and create jobs for local laborers.

The project has an ideal location, which is only 100 kilometers from Ho Chi Minh City, and favorable traffic as it is connected to National Highway 57B and the Tien River.

The industrial park will be a suitable destination for investors to develop factories and business activities, Tam said.

The provincial authorities will support enterprises and investors during their investment and production and business development in the province, the official added.

The province expects to put the project into operation in 2025.

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