Approval granted for investment policy for Tan Phu 2 Industrial Cluster Project (Pho Yen City)

Tan Phu 2 Industrial Cluster Infrastructure Construction and Business Project covering 56.5 hectares in Dong Cao ward and Tan Phu ward, Pho Yen City

The project spans 56.5 hectares and will develop comprehensive technical infrastructure for the industrial cluster including: Ground leveling, external and internal transportation systems, water supply and drainage, electricity supply, lighting, telecommunications, fire prevention and fighting, wastewater and waste treatment and other auxiliary facilities. The project aims to create space for relocating production facilities from residential areas to the industrial cluster, attract domestic and foreign investment, while efficiently utilizing land resources, reducing environmental pollution and contributing to local socio-economic development.

Overall perspective of Tan Phu 1 Industrial Cluster and Tan Phu 2 Industrial Cluster

Total investment capital for the project exceeds 563 billion VND, of which owner's equity accounts for 16%, with the remainder coming from other legitimate capital sources. The project's operational period is 50 years from the effective date of the Decision. The project will be implemented in Dong Cao ward and Tan Phu ward, Pho Yen City.

The implementation schedule is divided into two phases: From the second quarter of 2025 to the end of the fourth quarter of 2025 is the phase for compensation, support, resettlement and deployment of construction investment procedures. From the first quarter of 2026 to the end of the third quarter of 2026 is the phase for construction and completion of technical infrastructure, bringing the industrial cluster into operation.  

The project belongs to a category of specially incentivized investment sectors according to Government regulations and will benefit from preferential policies regarding taxation, land use, finance and related fields.

From the second quarter of 2025 to the end of the fourth quarter of 2025 is the phase for compensation, support, resettlement and deployment of construction investment procedures. (Illustrative photo)

The Provincial People's Committee has assigned relevant departments, sectors and Pho Yen City People's Committee to guide the investor in completing legal procedures, fulfilling financial obligations and ensuring security, order and social safety during implementation. The investor is responsible for making investment guarantee deposits (if any), submitting regular progress reports and fully complying with legal regulations on land, environment, labor safety and related areas. In case of violations, the project may be considered for termination according to regulations.