The project, spanning 319 ha in Binh Thanh and Binh Chanh communes in Binh Son District, will be funded by the Hoang Thinh Dat Joint Stock Company with total capital of more than VND2 trillion (US$89.5 million).

 

The project is to operate for 50 years.

 

According to the current regulations, the project will enjoy duty exemptions ongoods imported to create fixed assets. It will also be exempted from paying land and water surface rents.

 

The project is expected to attract businesses in the areas of production and assembling of electrical, electronics and telecommunication devices; production of auto and plane components and parts; food and drinks; chemical, medicines and pharmacy; textile, garments and dying; and other light industries and parts supplies.

 

The Prime Minister assigned Quang Ngai People’s Committee to guide other sectors and investors to make plans for site clearance, compensation and resettlement. They would have to create jobs for people whose land and homes are required for the project and to build housing for workers in the industrial park.