On June 2, the Secretary of Hai Phong City Party Committee, Le Tien Chau, announced that Vinhomes Industrial Park Investment Joint Stock Company would invest in two industrial parks, Ngũ Phúc and Tân Trào, with a total investment of nearly 10 trillion VND. The Ngũ Phúc Park covers over 238 hectares with over 5.67 trillion VND in investment, while the Tân Trào Park spans over 226 hectares with 4 trillion VND allocated. The projects are slated to run from Q2 2025 to Q2 2030, aimed at attracting investment and creating jobs, thus contributing to Hai Phong’s socio-economic development. Vinhomes, a subsidiary of Vingroup focusing on real estate development, has shifted towards industrial real estate since 2020 and currently manages a significant project in Hai Phong. Vinhomes Industrial Park Investment Joint Stock Company, one of its subsidiaries, has a registered capital of 15.16 trillion VND.
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