At a ceremony organized by the Management Board of Khanh Hoa Economic Zone and Industrial Parks on May 25, Stavian Industrial Park received the official decision approving both the investment policy and the project investor for the Ninh Tho Industrial Park infrastructure project. The Decision was presented by Le Huyen, Member of Khanh Hoa Provincial Party Committee and Vice Chairman of Khanh Hoa Provincial People’s Committee.
Le Huyen (C), Member of Khanh Hoa Provincial Party Committee and Vice Chairman of Khanh Hoa Provincial People’s Committee, presents the Decision approving the investment policy and project investor to Stavian Industrial Park. Photo courtesy of Stavian Industrial Park |
The approval marks a key legal milestone for the company to proceed with project implementation, technical infrastructure development, and the attraction of secondary investors. The project is expected to add large-scale industrial land supply while supporting Khanh Hoa’s industrialization and investment promotion strategy.
Ninh Tho Industrial Park in Bac Ninh Hoa Commune covers more than 300 hectares, with total investment capital of nearly VND4 trillion (US$153 million). Nearly VND600 billion will come from investor equity, while more than VND3.2 trillion (US$122 million) is expected to be mobilized from other funding sources. The project has an operating term of 70 years.
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Nguyen Tuan Anh, General Director of Stavian Industrial Park, delivers remarks at the conference. Photo courtesy of Stavian Industrial Park |
The industrial park is located near seaport infrastructure and the Van Phong Economic Zone, one of Khanh Hoa’s major industrial and logistics hubs. The project is expected to attract processing and manufacturing industries, supporting industries, and high-value-added production sectors.
Khanh Hoa Province has recently accelerated efforts to attract investment linked to the digital economy, green growth, innovation, and digital transformation. Within this context, Ninh Tho Industrial Park is expected to support the province’s industrial development strategy and attract large-scale investment projects.
For Stavian Industrial Park, the project represents another step in expanding its nationwide industrial infrastructure network. The development strengthens its capacity to build large-scale industrial parks with long-term operational potential and the ability to attract diversified manufacturing sectors.
Once completed, Ninh Tho Industrial Park is expected to contribute to manufacturing investment inflows, local economic restructuring, and sustainable industrial development in Khanh Hoa.
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