Prime Minister Phạm Minh Chính at the Sơn Mỹ No.1 Industrial Park Groundbreaking Ceremony in Bình Thuận Province on Tuesday. — VNA/VNS Photo

BÌNH THUẬN — A 1,070ha Sơn Mỹ No.1 Industrial Park in the south central province of Bình Thuận has begun construction on August 30.

The park, located in Hàm Tân District, will cost VNĐ12 trillion (US$524.2 million) by the time it is finished in 2025.

Built by the Sơn Mỹ Industrial Park Investment Construction and Trading Infrastructure Co. Ltd, the park is connected with key national routes such as National Highway 1A, National Highway 55 and the Phan Thiết – Dầu Giây Expressway.

Speaking at the groundbreaking ceremony, Prime Minister Phạm Minh Chính urged the developer to comply with the law, ensure safety at the construction site and complete it on schedule.

The multi-sector industrial park will focus on energy and electricity, building materials, electronics, information technology, machinery, manufacturing, forestry, and food processing.

It will have two 4,500MW gas-fired power projects, Sơn Mỹ I and II, and a 100ha port to handle LNG.

Chính said Việt Nam is striving to become an upper-middle income country by 2030 and a developed country with a high per capita income by 2045.

In pursuit of that goal, he highlighted the importance of promoting spearhead industries with a focus on digital transformation, digital economy, green conversion, circular economy, and adaption to climate change.

The industrial park will need to solicit investment in wind and solar energy and manufacturing, he said. — VNS