In December, Prime Minister issued a document approving to add the expanded Yen My II Industrial Park with an area of 216 hectares to the industrial zones development planning in Hung Yen Province by 2020.

The expansion area would include Trung Hung, Trung Hoa communes and Yen My Town (Yen My District). The Northern and Eastern borders will be on the cultivated land and the residential area of Trung Hoa Commune; the Southern border on cultivated land and the residential area of Trung Hung Commune; the Western border will be next to the National Highway No 39 and existing industrial production projects.

The area for the Yen My II Industrial Park expansion plan covers an area of 313,5 hectares. Of which, the first phase was approved on an area of 97,5 hectares and the expanded area of 216 hectares.

The Yen My II Industrial Park is planned to attract investments in clean manufacturing industries that have little impact on the environment such as electrical equipment manufacturing, electronics, refrigeration, and products from new technologies; mechanical manufacturing, machinery, equipment, consumer goods production (excluding projects in the textile, garment, leather, agricultural processing of and food industries).

Hoa Phat Group’s real estate sector includes construction and trading in technical infrastructure of industrial zones as well as housing projects and urban areas. Currently, Hoa Phat is investing and exploiting technical infrastructure in three industrial zones, including: Pho Noi A Industrial Park (686 hectares), Yen My II Industrial Park (phase 1: 97.5 hectares) – Hung Yen; Hoa Mac Industrial Park – Ha Nam (131 hectares). Hoa Mac Industrial Park has occupancy rate of over 75 per cent of the total area while Pho Noi A Industrial Park, Yen My II has been fully invested with technical infrastructure.

In the coming time, Hoa Phat Group will continue to invest in expansion of existing industrial zones, and at the same time promote the development of residential real estate projects. In particular, the group would focus on high liquidity markets such as Hanoi, Da Nang, and Ho Chi Minh City.