Another industrial park to be developed in central Vietnam province Gia Lai

Saigon-Nhonhoi Industrial Park Corporation (SNP) has been approved as the investor for the VND2.55 trillion ($97.91 million) Cat Trinh Industrial Park project in Gia Lai province, central Vietnam.

Of the total investment, VND383.1 billion ($14.71 million), or 15%, will be contributed by the investor, while the remainder will be mobilized from loans.

The project, which recently received in-principle approval from the provincial People’s Committee, is set to cover more than 368 hectares in Phu Cat commune (formerly Cat Trinh commune, Phu Cat district, Binh Dinh province). Last July, Binh Dinh and Gia Lai were merged to form the new Gia Lai which borders Dak Lak, Quang Ngai, Cambodia, and the East Sea.

Investment will cover key items such as site leveling, internal roads, power and water supply, stormwater and wastewater drainage, telecommunications, lighting, and landscaping.

Upon completion, the industrial park will lease out infrastructure-ready land and provide production support services to businesses.

It is expected to commence operation in Q1/2030, with an operating term of 70 years from the date the land is leased by the state.

Notably, the developer is required to set aside 20 hectares, or about 5% of the total area, for lease to high-tech enterprises, small and medium-sized firms, and startups.

Established in 2005 and headquartered at the Nhon Hoi Industrial Park – Zone A, Quy Nhon Dong ward, Gia Lai, SNP operates in construction and trading of industrial park and urban residential area infrastructure, ready-built factory leasing, and other services. Its charter capital currently stands at VND2.5 trillion ($96 million).

In Gia Lai, the company is the developer of the Nhon Hoi Industrial Park — Zone A and the Cat Hanh Industrial Cluster.

The Nhon Hoi Industrial Park – Zone A spans 394 hectares within the Nhon Hoi Economic Zone. The park has drawn 61 projects to date, including 12 projects worth VND26.56 trillion ($1.02 billion) last year.

In 2026, SNP aims to attract at least six new projects, each with minimum investment capital of VND200 billion ($7.68 million), with total pledged capital of at least VND3 trillion ($115.2 million).

Meanwhile, the Cat Hanh Industrial Cluster spans 70 hectares with combined investment of nearly VND433 billion ($16.62 million) and is slated for operation in December 2026.

In mid-January, the provincial People’s Committee also approved in-principle the Tay Giang Industrial Park project and designated Binh Hung Industrial Infrastructure JSC as its investor. The project covers 300 hectares in Binh Khe commune, with total investment of nearly VND1.8 trillion ($69.11 million).

In late 2025, Gia Lai broke ground on the 207.67-hectare Binh Nghi Industrial Park project, developed by Binh Nghi Industrial Park Infrastructure Development and Investment Co., Ltd, with an investment of more than VND1.46 trillion (56.06 million).

Statistics show that eastern Gia Lai is home to three industrial parks within the Nhon Hoi Economic Zone, namely Nhon Hoi – Zone A, Nhon Hoi – Zone B and Becamex, along with seven others outside the economic zone, including four already in operation and three newly established.

In the western part of the province, there is the Le Thanh International Border Gate Economic Zone spanning 41,515 hectares, in addition to two industrial parks located outside the economic zone.