Central Highlands province approves third industrial park

Lam Dong has approved a plan for the 246-hectare Phu Binh Industrial Park in Duc Trong district, the third in the Central Highlands province.

The industrial park, next to the to-be-built Dau Giay-Lien Khuong Expressway, can employ 12,500 people. It will focus on sectors of agriculture and forestry product processing, food, fertilizers, high-tech industry, mechanics, electronics, garment, footwear, consumer goods, and supporting industry.

The facility is set to allocate 170 hectares for factories, or 69% of the total land, 5.8 hectares for warehouses (2.4%), 31 hectares for trees (12%), 32 hectares for parking and traffic (13%), and others.

The province plans to conduct site clearance and construction in 2023-2026 and put the industrial park into operation in 2026-2027.

Currently, Lam Dong has two industrial parks, Phu Hoi and Loc Son. According to provincial authorities, those two industrial parks employed 5,015 people, including 40 expatriates, as of August.

The two facilities focus on producing coffee, artichoke tea, beer, wine, frozen and dried vegetables and fruits, textile and garment, plastics, tempered glass, granite, among others.

Lam Dong, well-known for Dalat as a tourism destination, has licensed 101 foreign direct investment projects with a total registered capital of nearly $515 million as of November 20, according to the Ministry of Planning and Investment.

The province’s Index of Industrial Production rose 13.64% year-on-year in the first 11 months of this year, driven by 48.46% increase in mining, 17.3% in electricity production and transmission, 9.45% in water supply and waste treatment, and 9.44% in manufacturing and processing.