Multi-sector corporation T&T Group has received the government okay to build a 193-hectare industrial park in Long Xuyen town, An Giang province.
Following Deputy Prime Minister Le Van Thanh's approval, An Giang authorities have ordered the southern province's Economic Zone Management Board to work with the investor on identifying the project's investment capital.
It said the project, named Vam Cong Industrial Park, must be completed within 36 months since land is handed over to the investor.
The government also requested An Giang to ensure the project matches the pace of urbanization and demand for construction among residential areas near the industrial park.
In January 2021, T&T Group kicked off the construction of a residential and commercial complex in An Giang's Long Xuyen town, with an investment of VND2,400 billion ($102.68 million).
Previously, in December 2019, An Giang had granted licenses toward building two urban areas, namely Binh Khanh (132 hectares) and Vam Cong (128 hectares), to T&T Group, with an investment of VND8,656 billion.
T&T Group's main business lines are finance and investment, real estate, industry and trade, energy, agriculture, forestry and fisheries, transportation infrastructure, health, education, and sports.
T&T Oil, Coal, and Gas Import Export JSC, a subsidiary of T&T Group is proposing to invest in a high-tech pharmaceutical and agricultural zone project in Lang Son province, northern Vietnam.