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.
- Related News
- Read More
New train helps tourists explore landmarks of Hanoi, Bac Ninh province
The Hanoi Train officially began operation on Saturday, offering visitors a new way to explore the capital’s landmarks and travel to Tu Son in Bac Ninh province.
Travel - Sun, September 7, 2025 | 8:20 pm GMT+7
Vietnam’s e-motorbike market enters stage of fierce competition
Vietnam’s electric motorbike market is entering a new phase of intense competition as domestic and foreign manufacturers are accelerating their expansion, diversify products, and invest heavily in infrastructure.
Companies - Sun, September 7, 2025 | 6:06 pm GMT+7
HCMC fast-tracks rail projects proposed by private conglomerates
The Ho Chi Minh City People’s Committee has asked municipal agencies to work with major private conglomerates to finalize investment plans for the railway projects they proposed.
Infrastructure - Sun, September 7, 2025 | 1:52 pm GMT+7
Vietnam's Finance Ministry targets 60% public investment disbursement by end-Q3
Vietnam’s public investment disbursement reached VND409.17 trillion ($15.49 billion) in the year to August 31, equal to 39.9% of the year's plan and 46.3% of the Prime Minister’s target, the Ministry of Finance (MoF) reported.
Economy - Sun, September 7, 2025 | 10:53 am GMT+7
Vietnam posts nearly $14 bln trade surplus in 8 months
Vietnam recorded a trade surplus of $13.99 billion in the first eight months of 2025, according to the General Statistics Office under the Ministry of Finance.
Economy - Sun, September 7, 2025 | 10:41 am GMT+7
S&P upgrades ratings of three Vietnamese banks, citing resilient economy
S&P Global Ratings has raised the long-term credit ratings of three major Vietnamese banks, reflecting the stronger resilience of the country’s financial system and continued above-average economic growth.
Banking - Sun, September 7, 2025 | 10:34 am GMT+7
Luong Nguyen Minh Triet appointed top leader of central Vietnam hub Danang
Luong Nguyen Minh Triet, deputy Party chief of Danang and Chairman of the municipal People's Committee, has been appointed the city's Party chief - the highest position in the locality.
Politics - Sun, September 7, 2025 | 9:53 am GMT+7
Sun Group aims to launch $2 bln casino-resort complex in northern Vietnam by 2032
Sun Group, one of Vietnam’s leading property developers, targets to complete its VND51.6 trillion ($2 billion) casino and resort complex project in the northern coastal province of Quang Ninh by 2032.
Real Estate - Sun, September 7, 2025 | 8:00 am GMT+7
Vietnam's industrial production on upward trend
Vietnam's industrial production index continued to rise in the first eight months of the year, with all 34 cities and provinces recording an increase.
Economy - Sat, September 6, 2025 | 10:20 pm GMT+7
Vietnam's leading industrial park developer Becamex IDC raises $75 mln in latest bond issuance
Becamex IDC (HoSE: BCM), a leading Vietnamese industrial park developer, has raised VND2 trillion ($75.4 million) in its latest bond issuance.
Finance - Sat, September 6, 2025 | 8:35 pm GMT+7
Vietnam's FDI capital disbursement hits five-year high amid global decline
Disbursed foreign direct investment (FDI) capital in Vietnam hit $15.4 billion in Jan-August, up 8.8% year-on-year, despite declining global investment flows, the Foreign Investment Agency (FIA) reported.
Economy - Sat, September 6, 2025 | 4:30 pm GMT+7
EVNNPT leader inspects 220kV substation project progress in central Vietnam
Pham Le Phu, CEO of EVNNPT, a subsidiary of state utility Electricity Vietnam (EVN), on Thursday inspected the construction of the 220kV Chan May Substation and its associated transmission line in the central city of Hue.
Companies - Sat, September 6, 2025 | 3:42 pm GMT+7
Vietnam’s gas transmission firm PV Gas SE: a journey of creation and pride
For over two decades, Petrovietnam Gas South East Transmission Company (PV Gas SE) has stood as a lasting symbol within Petrovietnam Gas Joint Stock Corporation (PV Gas) - one of the earliest-established units closely tied to the pioneering steps of Vietnam’s gas industry.
Companies - Sat, September 6, 2025 | 3:33 pm GMT+7
Politician Anutin Charnvirakul wins vote to become new Thai PM
Thailand’s Bhumjaithai Party leader Anutin Charnvirakul has secured enough votes to become the country's new Prime Minister.
Southeast Asia - Sat, September 6, 2025 | 10:55 am GMT+7
Vietnam’s sugar productivity maintains top regional spot
In the 2024-2025 crop, Vietnam maintained its position as the regional leader in sugar productivity, reaping 6.69 tons per hectare, outpacing other major producers such as Thailand, Indonesia, and the Philippines.
Companies - Sat, September 6, 2025 | 10:53 am GMT+7
Gaming drives Vietnam tech unicorn VNG’s H1 revenue
Vietnamese tech unicorn VNG Corp (UPCoM: VNZ) reported net revenue of over VND4.8 trillion ($181.82 million) in H1, up 11% year-on-year, with gaming remaining its major contributor at VND3.59 trillion ($135.98 million).
Companies - Sat, September 6, 2025 | 10:39 am GMT+7
