Thai Nguyen Provincial People’s Committee has approved the investment policy and selected the investor for the infrastructure development project of Tan Phu 1 and Tan Phu 2 industrial clusters in Pho Yen city.
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| The simulation model of Tan Phu 1 and Tan Phu 2 industrial clusters. |
Saigon Telecommunication and Technologies Corporation is the investor for both clusters, covering a total area of 131 hectares (Tan Phu 1: 74.5 ha; Tan Phu 2: 56.5 ha), with a total investment of over 1,211 billion VND.
The project will operate for 50 years, with construction scheduled from the second quarter of 2021 to the last quarter of 2025. It aims to develop and lease industrial infrastructure, warehouses, and factories.
The provincial authorities have assigned departments and local governments to coordinate and strictly monitor the project’s progress and quality.
According to the province’s industrial cluster development plan to 2030, Thai Nguyen will have 41 clusters. There are 27 established clusters with a total registered capital of nearly 10,900 billion VND. The cumulative land clearance and infrastructure investment is estimated at 3,884 billion VND as of April 2025.
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