Gia Lai: Investing 4,569 billion VND to build Phu My Industrial Park

Phu My Industrial Park Phase 1 has an area of over 436.87 hectares, with an investment capital of VND 4,569,457 billion, and is expected to become an ideal investment destination for domestic and foreign corporations in the global green transition period.

Delegates press the button to start construction of Phu My Industrial Park Project Phase 1.

In Phu My Dong commune, Gia Lai province, Phu My Group Investment Joint Stock Company has just held the groundbreaking ceremony of Phu My Industrial Park phase 1.

Phu My Industrial Park is strategically located with a complete infrastructure connection system when adjacent to Phu My deep-water port (1 km away), 51 km from Quy Nhon port; about 60 km from Phu Cat airport; connected to the western road of the province, National Highway 1A, North-South expressway and coastal route.

The project is planned in a modern style, with flexible zoning from 1 to 50 hectares, integrating logistics, warehouses, support services, administrative and technical areas, wastewater treatment and green space covering over 15% of the area.

Phu My Industrial Park is oriented to attract agricultural, forestry and fishery processing industries; renewable energy industry; chemical, plastic and steel industries; logistics services and supporting industrial production.

Along with the support of Gia Lai provincial government, Phu My Group Investment Joint Stock Company also has the support of strategic shareholders including Mandala Group, Seaport Company and Huong Viet Group.

Speaking at the groundbreaking ceremony, Mr. Tran Nhu Long, General Director of Phu My Group Investment Joint Stock Company, said that Phu My Industrial Park has a scale of nearly 437 hectares, with a total investment capital of more than 4,500 billion VND. The project is expected to create a strong foundation for industrialization and modernization, contributing to making Gia Lai a new destination for domestic and foreign investors.

According to the plan, the technical infrastructure of Phu My Industrial Park phase 1 will be completed and ready to receive investors from the first quarter of 2026.

“We are committed to developing Phu My Industrial Park Phase 1 in a green - sustainable - synchronous direction, bringing real value to investors, contributing to local economic growth, creating jobs and protecting the environment”, General Director of Phu My Group Investment Joint Stock Company committed.

Mr. Pham Anh Tuan, Chairman of Gia Lai Provincial People's Committee, said that the presence of Phu My Investment Group with the Phu My Industrial Park Infrastructure Construction and Business Project - Phase 1 is a clear demonstration of Gia Lai's attractiveness on the national and international investment map.

Today’s groundbreaking ceremony is an important milestone, demonstrating the strong determination of the entire Gia Lai provincial political system in accompanying and supporting investors to implement projects quickly, effectively and on schedule. This is also a clear message that Gia Lai always welcomes investors with an open spirit of cooperation, committed to long-term companionship and prosperous development together.

According to Mr. Tuan, Phu My Industrial Park is not only a key industrial infrastructure project, but also has long-term strategic significance for the development of the province and the entire Central Highlands region.

Accordingly, in addition to the values of industrialization, job creation and increased budget revenue, Phu My Industrial Park also has outstanding features such as a modern logistics center, digital technology and AI application, attracting high-quality foreign investment projects and driving regional development.

Perspective of Phu My Industrial Park Project. Source: Phu My Investment Group (PMG).

The Chairman of Gia Lai Provincial People's Committee also informed that, in parallel with the industrial park, the province is implementing the Phu My Deep-Water Port Project, capable of receiving ships of over 200,000 tons.

“When completed, the port will open up opportunities for direct international trade, reduce logistics costs, improve import-export capacity, create outstanding advantages for Phu My Industrial Park and contribute to the formation of a modern industrial - logistics center,” Mr. Tuan affirmed.

The Chairman of Gia Lai Provincial People's Committee requested the investor to closely coordinate with the Economic Zone Management Board, departments, branches and Phu My Dong Commune People's Committee, fully prepare human resources, finance, equipment, speed up progress, ensure quality, safety and environment.

Investors also need to soon develop a professional promotion and advertising strategy to attract more domestic and foreign businesses.

Regarding the provincial authorities, Mr. Tuan requested the Economic Zone Management Board to take the lead, closely coordinate with relevant departments, branches and units, promptly remove difficulties, create the most favorable conditions for investors to implement projects, with the motto "maximum service - accompanying businesses".

At the groundbreaking ceremony, Phu My Group Investment Joint Stock Company signed and exchanged memorandums of cooperation with domestic and foreign secondary investors.

Phu My Investment Group Joint Stock Company signed a memorandum of understanding with 4 partners.

Accordingly, OCB Bank on financial cooperation, credit, banking services, customer development and investment promotion.

Sekisui and Tien Phong Plastic cooperate in research and implementation of water supply and drainage systems meeting Vietnamese and international standards at Phu My Industrial Park.

JLL on consulting cooperation for comprehensive development of Phu My Industrial Park in a sustainable, ecological and environmentally friendly direction.

Regarding the legal basis for starting the project, Phu My Group Investment Joint Stock Company informed:
-On June 25, 2025, the People's Committee of Binh Dinh province previously issued Decision No. 2204 on changing the purpose of forest use to other purposes to implement the project.
-On August 16, 2025, the Ministry of Agriculture and Environment approved the appraisal results of the environmental impact assessment report of the Phu My Industrial Park Infrastructure Construction and Business Investment Project - Phase 1 in Decision No. 3242/QD-BNNMT.
-On August 17, 2025, the Economic Zone Management Board granted a construction permit for technical infrastructure items within the scope of the granted Land Use Right Certificate of 130.76 hectares.
- The project has completed the site clearance of 239 hectares. On August 6, 2025, the People's Committee of Phu My Dong commune issued Decision No. 626 on leasing land to Phu My Investment Group Joint Stock Company to implement the project with an area of 130.7 hectares (not yet leased for an area of 94.8 hectares although the site clearance has been completed but overlaps with the mineral planning).
Regarding the overlapping of titanium mineral planning, on August 13, 2025, the Ministry of Agriculture and Environment issued Document No. 5522/BNNMT-ĐCKS agreeing not to reclaim titanium mineral sand for My An 5 titanium mine and agreeing to implement the Phu My Industrial Park Project.
Based on the proposal of the Ministry of Agriculture and Environment, the Government Office issued Document No. 7651/VPCP-CN, dated August 16, 2025, conveying the opinion of Deputy Prime Minister Tran Hong Ha.
Accordingly, Deputy Prime Minister Tran Hong Ha agreed in principle to adjust the removal of the two titanium ore areas of Nam De Gi and My An from the Mineral Planning to develop the Phu My Industrial Park Project; at the same time, assigned the Ministry of Agriculture and Environment and the People's Committee of Gia Lai province to adjust the Planning for exploration, exploitation, processing and use of minerals in the 2021-2030 period, with a vision to 2050.

Source: https://baodautu.vn/gia-lai-dau-tu-4569-ty-dong-xay-dung-khu-cong-nghiep-phu-my-d364293.html