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City industry zone to double its size in $44m expansion

Update: February, 03/2017 - 10:21

HCM CITY — The HCM City People’s Committee has notified that the Lê Minh Xuân Industrial Zone in Bình Chánh District will be expanded.

The 100ha zone will be expanded by 110ha and cost the Bình Chánh Construction and Investment Joint-Stock Company VNĐ1 trillion (US$44.8 million).

The People’s Committee submitted the expansion proposal to the Government last May.

According to the city authorities, the expansion will create 10,000 jobs and bring the city VNĐ354 billion ($15.9 million) a year in taxes and land rents.

The zone has 175 projects with a total investment of $200 million. — VNS

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