Date set for relocation of Bien Hoa 1 Industrial Zone in southern Vietnam
A date has been set to relocate factories and businesses in the Bien Hoa 1 Industrial Zone in the southern province of Dong Nai, according to Vo Tan Duc, acting Chairman of the provincial People's Committee.
The Bien Hoa 1 Industrial Zone in Dong Nai province, southern Vietnam. Photo courtesy of Vietnam News Agency.
Phase 1 of the relocation is expected to be completed by the end of November this year, freeing up approximately 75.1 hectares in the southern part of the zone, which could affect up to 14 factories and businesses.
Phase 2 is expected to be completed before the end of next year.
The provincial authority had earlier approved a plan to transform the industrial zone into a new urban service-residential center.
All relocation and compensation must be finished by December 31, 2025, Duc said.
According to the committee, the industrial zone's relocation could cost the province up to VND7.5 trillion ($294.8 million), including compensation for nearby residential areas.
The Bien Hoa 1 Industrial Zone, first established in 1963, was among the first industrial zones in the country and is home to 76 factories and businesses.
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