Hanoi will build a new industrial park in Dong Anh District with an investment of nearly VND6.34 trillion (US$257 million), of which about VND1.27 trillion (US$51.4 million) will be contributed by the main investor - the Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex).

A part of Dong Anh District. Photo: Khanh Huy/The Hanoi Times

The industrial park will cover a total area of nearly 300 hectares on the land of Dong Anh town and the communes of Nguyen Khe, Xuan Non, Thuy Lam, and Lien Ha.

Construction will be carried out in two phases. The operating life of the industrial park will reach 50 years.

Deputy Prime Minister Le Minh Khai has tasked the Ministry of Planning and Investment to take the lead and work with others to oversee the project in accordance with the law.

The Hanoi People's Committee is responsible for ensuring the accuracy of the project's data and reporting, as well as its compliance with the city's development plans and related legal documents.

The local government must ensure that the project is properly located in the designated area. It is unacceptable to use the area designated for the development of the industrial park for other purposes without the approval of the Prime Minister and in violation of the law.

Priority and incentives should be given to small and medium-sized enterprises (SMEs) and other enterprises that benefit from the government's business development policies.

The Hanoi People's Committee, the Hanoi Industrial and Processing Zone Management Board, and relevant agencies are required to supervise project implementation and instruct investors and contractors to meet regulatory standards.