Hoa Phat Group approved for investment of expanded Yen My II Industrial Park in Hung Yen Province

Hoa Phat Group has been given approval to invest in a project to build and trade infrastructure of Yen My II Industrial Park expansion in northern province of Hung Yen. The project has a scale of 216ha with a total estimated investment of more than VND2.68 trillion.

Hoa Phat Group has been given approval to invest in Yen My II Industrial Park expansion project with total area of 216ha

According to Decision No 650/QD-TTg, Yen My II Industrial Park expansion project will be implemented in Trung Hung commune, Trung Hoa commune and Yen My town, Yen My district, Hung Yen province by Hoa Phat Hung Yen Industrial Park Infrastructure Development Company Limited.

Yen My II Industrial Park is planned to attract investment in clean production sectors and industries with little impact on the environment such as: electrical, electronic and refrigeration equipment manufacturing, products from new technology; mechanical engineering, machinery and equipment, production of consumer goods (excluding projects in the textile and garment industry, leather shoes, agricultural products and food processing).

Currently, Hoa Phat Group's real estate sector includes construction and trading of technical infrastructure of industrial parks and housing and urban projects. Hoa Phat Group is investing and exploiting technical infrastructure of 3 industrial zones including: Pho Noi A Industrial Park (688.94ha), Yen My II Industrial Park (phase 1: 97.5ha) in Hung Yen Province; Hoa Mac Industrial Park in Ha Nam Province (131ha).

In 2021, the revenue from Hoa Phat Group's industrial real estate segment reached nearly VND980 billion, an increase of 83 per cent compared to 2020. In 2022, Hoa Phat Group is expected to reach over VND1.6 trillion in revenue from the real estate sector, of which VND1.5 trillion from leasing industrial infrastructure. Its industrial parks are continuously expanding, especially Pho Noi A Industrial Park with expected area of 900ha.

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