Trungnam Group subsidiary okayed as investor of $148 mln industrial park project in central Vietnam
A subsidiary of Vietnamese private conglomerate Trungnam Group has been approved as the investor of the 378-hectare Ca Na Industrial Park-Phase I project in the south-central province of Ninh Thuan.
Under the in-principle approval by the provincial People’s Committee, the project, located in Phuoc Diem commune, Thuan Nam district, will be invested by Trung Nam Ca Na Industrial Zone Infrastructure Investment JSC.
It has a total investment of VND3.8 trillion ($147.7 million), of which VND581.92 billion ($22.31 million), or 15%, will come from the investor.
The project is expected to break ground in December 2025 and operate for 50 years.
The Ca Na Industrial Park project is associated with Ca Na general seaport and Ca Na LNG terminal project in Ninh Thuan province, south-central Vietnam. Photo courtesy of Trungnam Group.
From June to November 2025, the investor will carry out legal procedures and site clearance. Construction is scheduled from December 2025 to June 2028, enabling the first phase to become operational by the end of 2028.
It will attract and receive corporate tenants within 36 months from the date of the state’s land handover.
Trung Nam Ca Na Industrial Park Infrastructure Investment JSC submitted a proposal to implement the project on October 30, 2020. The application was supplemented on July 20, 2022 and March 28, 2025.
According to Nguyen Tam Tien, general director of Trungnam Group, Ca Na Industrial Park will be developed as a green industrial park.
In addition to offering affordable infrastructure leases, the group will provide green energy (clean electricity from wind and solar power sources in Ninh Thuan province) for the industrial park to supply tenants, he added.
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