Authorities in Hue City have approved an investment of VND1.452 trillion (approximately USD55.4 million) for the development of infrastructure at Industrial Park and Non-Tariff Zone No. 1 in the Chan May–Lang Co area. The decision was signed by Vice Chairman Phan Quy Phuong of the municipal People’s Committee, designating Chan May Infrastructure Development Joint Stock Company as the project investor.
Under the approved financing structure, the investor will contribute VND217.8 billion (about USD8.3 million), representing 15 per cent of the total investment, while the remaining VND1.234 trillion (approximately USD47.1 million) will be mobilised from other sources. The project will focus on building core infrastructure to support industrial and logistics activities within the Chan May–Lang Co economic zone.
Compensation, site clearance and land handover are scheduled between the first quarter of 2026 and the fourth quarter of 2027. Construction is expected to begin within three months after land lease and handover procedures are completed, with project completion targeted within 24 months of land transfer, around the fourth quarter of 2028.