PR97618

PHAN THIET, Vietnam, Sept. 1, 2022 /PRNewswire=KYODO JBN/ --

On 30th August 2022, in Binh Thuan Province, Son My Industrial Park Investment

Construction And Trading Infrastructure Limited Company (abbreviation: IPICO)

held the ground-breaking ceremony for its notable project, Son My I Industrial

Park.

Prime Minister Pham Minh Chinh, Vice-President Vo Thi Anh Xuan, Vice-Chairman

of the National Assembly Tran Quang Phuong, and other representatives of the

government, as well as local departments and agencies, attended the

ground-breaking ceremony.

Son My I Industrial Park is invested in and developed by IPICO and occupies a

total area of 1,070 hectares in a prime location. It is a key project for Binh

Thuan Province and Vietnam and is expected to be a magnet for future investment.

Son My I Industrial Park is zoned according to four land use functions, namely,

land for factories, service center areas, technical infrastructure areas, and

green land & water areas. The park's two LNG power plants, Son My 1 and Son My

2, are a key highlight, with a total capacity of 4,500MW, covering an area of

200 hectares. The park also includes a 100-hectare LNG warehouse port and 430

hectares for supporting industries. Son My I Industrial Park will also have a

subdivision specializing in the production of auxiliary equipment for the

development of green energy industries. Additionally, over 30% of the park will

be set aside for technical infrastructure, utility constructions, industrial

service zones, as well as key amenities for park workers such as education,

training, medical, healthcare, and office facilities.

At the ground-breaking ceremony, Prime Minister Pham Minh Chinh instructed

relevant departments and central agencies to coordinate and strengthen efforts

to support Binh Thuan Province, as well as promptly resolve difficulties and

bottlenecks, to maximize Binh Thuan's potential and harness its advantages,

creating favorable conditions for the smooth progress of the Son My I

Industrial Park project.

"Aiming to become a smart and green industrial park with sustainable energy at

its core, Son My I will prioritize the development of renewable and clean

energy, which will reduce carbon and greenhouse gas emissions. Son My I also

enjoys a strategic location, which is suitable for developing an integrated

seaport to facilitate export-import of local goods and agricultural products."

Mr. Le Quang Hieu, Vice Chairman of IPICO shared.

Son My I Industrial Park has already attracted leading global investors such as

PetroVietnam Gas JSC (a unit of state-run Vietnam Oil and Gas Group), AES Group

(one of the world's top energy companies from the USA), and a Consortium of

Électricité De France S.A. (France), Sojitz Corporation (Japan), Pacific

Corporation JSC, Kyushu Electric Power Co. Inc. (Japan).

Son My I Industrial Park is targeting to complete the construction of the

park's entire infrastructure by 2025. Once in operation, the park is expected

to create job opportunities for thousands of workers, improving the quality of

life for local communities as well as setting the stage for Binh Thuan's

favorable growth trajectory.

-Project's Name: Son My I Industrial Park

-Investor: IPICO

-Location: Son My Commune, Ham Tan District, Binh Thuan Province

-Total area: 1,070 hectares

-Website: https://ipico.com.vn/

ABOUT IPICO

Founded in 2017 with the ambition to promote regional economic development,

improve the quality of life for local communities, and conserve the

environment, SON MY INDUSTRIAL PARK INVESTMENT CONSTRUCTION AND TRADING

INFRASTRUCTURE LIMITED COMPANY (abbreviation: IPICO) is a pioneer in developing

smart and green industrial parks, and actively supports the government's COP26

commitments (United Nations Framework Convention on Climate Change).

SOURCE  IPICO

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