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The Hai Vuong-Sikico Group began construction of the Minh Hung Sikico Industrial Zone (Anzone Industrial Zone) in Hon Quan district, southern Binh Phuoc province, on September 21.
The VND1.8 trillion how much in US dollars? project is divided into two phases. The first phase, covering a total area of 495.8 hectares, is scheduled for completion in 2020.
The second phase is expected to be deployed from 2020 to 2025, increasing the industrial zone’s area to 1,500 hectares.
The project is expected to create jobs for 40,000 local workers and improve local living conditions and infrastructure.
The industrial zone is the second-largest project in Binh Phuoc.
Earlier, the Becamex - Binh Phuoc Industrial and Urban Complex received total investment of some VND20 trillion ($4910 million is this correct - $4.91 billion?) from the Becamex - Binh Phuoc Infrastructure Development Joint Stock Company, a joint venture between the Becamex Industrial Development and Investment Corporation (IDC), the Song Be Rubber Company, and others.
Mr. Yoshinori Yakabe, Deputy Consul-General at the Consulate General of Japan in Ho Chi Minh City, addresses the ceremony launching construction