Bình Định to Establish Over 800 Hectares of Industrial Park
Bình Định province is set to develop the largest industrial park in the area, spanning over 800 hectares. The recently approved masterplan for the Phù Mỹ Industrial Park marks a significant milestone in the province’s economic growth.
A Booming Development Prospect
The provincial People’s Committee has granted approval for the overall construction plan of the Phù Mỹ Industrial Park, based on a 1/5000 scale ratio. Located within the territories of Mỹ Thọ and Mỹ An communes, Phù Mỹ district, the project is expected to cover approximately 840 hectares, making it the largest industrial park in Bình Định province.
The project boasts a coastal location, with one side of it adjacent to a 30-60 meter road, while the remaining three sides are connected to existing residential areas. The goal of this masterplan is to develop a concentrated multi-sector industrial park that attracts various investment projects in line with the local development direction.
Prioritizing Clean Industries and Employment Opportunities
The proposed industrial park aims to prioritize clean industries that have minimal environmental impact, while providing employment opportunities for an estimated 45,000 workers.
To meet the project’s objectives, the provincial People’s Committee has set a timeline for completing the detailed plan within 12 months, excluding the time required for community consultations, reviews, and approvals. The estimated cost for developing this plan is approximately 3 billion Vietnamese đồng.
Phù Mỹ District: An Integrated Growth Hub
Phù Mỹ district has been designated as a comprehensive development zone, encompassing agriculture, aquaculture, industry, handicrafts, clean energy, tourism, and coastal economic activities. By 2035, the district aims to establish four new industrial clusters to attract investment and stimulate economic growth.
Business Today Business Today will continue to follow the development of the Phù Mỹ Industrial Park, as it plays a crucial role in furthering Bình Định province’s economic potential.
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