Binh Duong province set to develop 700-hectare industrial park
Binh Duong province in southern Vietnam has approved a 1/2,000-scale construction zoning plan for the 700-hectare Cay Truong Industrial Park project that is expected to employ 35,000 people.
The Cay Truong Industrial Park, located in Lai Uyen town and Cay Truong II commune in Bau Bang district, will have Industrial Investment and Development Corporation JSC (Becamex IDC) as its main investor.
Cay Truong Industrial Park marked on a map. Photo courtesy of the Bau Bang district People's Committee.
The industrial park is planned as a multi-sector facility that will keep pace with the trend of large corporations shifting supply chains, attracting investments that will boost the province’s socio-economic development.
Binh Duong province currently has 29 industrial parks covering 12,600 hectares with an average occupancy rate of 91%. According to the province’s industrial park land use plan, it will have 46 industrial parks covering 24,338 hectares by 2050.
Becamex IDC's shares (HoSE: CBM) closed Friday at VND58,500 ($2.41).
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