Hanoi: Work started on a 300-ha industrial park, with total investment of nearly 1.8 trillion VND (68 million USD), in Binh Khe commune, Gia Lai province, on August 19, marking a step toward expanding the province's industrial land fund and attracting new investment. The Tay Giang Industrial Park, developed by the Binh Hung Industrial Infrastructure Investment JSC, is scheduled for completion in the fourth quarter of 2029. It is expected to begin attracting secondary investors from January 2027.

According to Vietnam News Agency, the project aims to significantly bolster the region's industrial capabilities, providing a substantial boost to the local economy. The development of the Tay Giang Industrial Park is seen as a strategic move to enhance infrastructure and create a conducive environment for businesses. The project is expected to generate numerous job opportunities and contribute to the socio-economic growth of Gia Lai province.

The Binh Hung Industrial Infrastructure Investment JSC has undertaken the responsibility of developing the industrial park, with plans to ensure that the park meets international standards. The company aims to attract diverse industries, which will, in turn, increase the competitiveness of the region. The project is also anticipated to have a positive impact on local businesses by providing them with improved facilities and access to a broader market.

The initiative is part of a broader plan by local authorities to transform Gia Lai into a key industrial hub in the region. With the completion of the Tay Giang Industrial Park, the province aims to position itself as a favorable destination for investors, thereby fostering economic development and technological advancement.