Hanoi Unveils Plans for a $254-Million Industrial Cluster: A Transformational Project

The Chanh Thon carpentry village in Nam Tien commune, Hanoi’s Phu Xuyen district, boasts a rich history in traditional crafts. (Source: nongthonmoihanoi.gov.vn)

Hanoi’s People’s Committee has announced plans to develop the Nam Tien Craft Village Industrial Cluster in the city’s outlying Phu Xuyen district, with a total investment of 623 billion VND (approximately 254 million USD).

Spanning 26.3 hectares across Nam Tien commune and Phu Minh town, the industrial cluster will serve as a hub for traditional crafts such as carpentry and mechanical engineering. The project aims to relocate production facilities from residential areas to improve environmental protection, enhance product quality, and foster sustainable industrial practices.

The Hoang Tin Urban and Infrastructure Development Investment JSC has been chosen as the main investor, and the site is expected to be completed within two years, with a projected operational lifespan of 50 years.

This development is anticipated to create new job opportunities, boost the local economy, and support Phu Xuyen’s transition towards modern industrialization and greater global integration. By 2030, Hanoi aims to have 159 industrial clusters, covering a total area of 3,204 hectares, with plans to expand existing clusters and establish new ones.

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