12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / Industrial zone
Bien Hoa Industrial Park to be turned into a commercial and service area
Trung Kien 16:54, 2018/05/19
The southern province of Dong Nai has been working with agencies on a project to turn Bien Hoa I Industrial Zone into a commercial and service centre.
Dong Nai province’s authorities expect to turn Bien Hoa I Industrial zone into a commercial and service area
Dong Nai province’s authorities expect to turn Bien Hoa I Industrial zone into a commercial and service area
The provincial People’s Committee gave approval for Sonadezi, an industrial zone development company, to implement the project.
The Bien Hoa I Industrial Zone has 80 businesses, 40 of which have a land-lease contract until 2051.
The province said it would take back land from businesses that have expired land- lease contracts.
For those businesses that still have land-lease contracts, the province will offer compensation so they can relocate as soon as possible.
According to Sonadezi, the total cost of the project is 15 trillion VND (658 million USD), including 2.4 trillion VND for construction and equipment, 7.5 trillion VND for compensation and clearance, and 1.3 trillion VND for supporting businesses and labourers.
The project is expected to be completed by 2025.
Businesses in the industrial zone discharge more than 9,000m3 wastewater per day into Dong Nai river.
Millions of people in Bien Hoa city and neighbouring southern provinces are affected by the polluted water from the Dong Nai River.
Nguyen Phu Cuong, secretary of Dong Nai provincial Party Committee, said that, in order to solve environment problems, by the end of 2022 the province would shut down Bien Hoa I Industrial Zone.
The project is expected to bring great benefit, solve environmental problems, and develop the province, he added.
The province proposed this project 10 years ago, but it was delayed due to the authorities’ changing dates on when the industrial zone should be shut down.
Other news
22:11, 2023/11/10
Vietnamese, Singaporean firms ink agreements to bolster economic relations
Singapore’s FDI into Vietnam in 2022 amounted to nearly US$6.46 billion, making it the largest foreign investor for that year.
14:32, 2022/32/24
Thang Long Industrial Park urged to streamline administrative procedures for manufacturers
Hanoi continues to promote the attraction of foreign investment capital for socio-economic development.
08:32, 2022/32/12
Vietnam leads top choice for global investors: Cushman & Wakefield
Vietnam is considered an attractive investment destination and a dynamic, open economy with a high growth rate in the world.
17:20, 2022/20/07
Vietnam-Singapore III Industrial Park to be built in Binh Duong this month
The industrial park will prioritize both high-tech tenants and labor-intensive industries such as apparel and footwear.
09:57, 2021/57/26
Vietnam Prime Minister approves three industrial parks
The industrial parks are expected to benefit from the expansion wave of foreign-invested enterprises in Vietnam.
16:27, 2021/27/28
Recruitment demand of foreign manufacturers surges in 2021
Foreign investors will likely expand their scales in new industrial zones in the south this year.