Ha Tinh is about to have another city and a 7,300 billion electric car factory.

TPO – The Executive Committee of the Ha Tinh Provincial Party Committee agreed on the policy of establishing Ky Anh City and approved the investment in an electric car factory with a total investment of about 7,300 billion VND.

On November 29, the 53rd Conference of the 19th Ha Tinh Provincial Party Committee agreed on the policy of establishing Ky Anh City; building an electric car factory of Vinhomes Ha Tinh Industrial Park Investment Joint Stock Company (under Vingroup) in Vung Ang Economic Zone and preferential policies of land rent exemption for projects in the investment incentive sectors according to regulations.

Ha Tinh is about to have another city and electric car factory worth 7,300 billion VND photo 1

A corner of Ky Anh town today. Photo: Ha Tinh Newspaper.

Accordingly, Ky Anh town will be built to become a provincial city by 2025, a civilized urban area, associated with the development of Vung Ang Economic Zone in accordance with the planning of Ha Tinh province for the period 2021 - 2030, with a vision to 2050. "Ky Anh town is a type II urban area and is expected to become a city by 2025".

Ky Anh town is located in the South of Ha Tinh, 50km from Ha Tinh city. Ky Anh town currently has 11 administrative units at the commune level, including 8 wards: Hung Tri, Ky Lien, Ky Long, Ky Phuong, Ky Thinh, Ky Trinh, Ky Ninh, Ky Nam and 3 communes: Ky Ha, Ky Hoa, Ky Loi. This is the southern urban area of the province, playing an important role not only for the urban system of Ha Tinh province in particular but also for the urban system of the North Central region and the country in general.

The 19th Ha Tinh Provincial Party Committee also approved the investment policy for the Electric Car Factory Project in the Vung Ang Economic Zone. The project has a total investment capital of VND 7,300 billion, with a designed capacity of 400,000 vehicles/year.

Ha Tinh is about to have another city and electric car factory worth 7,300 billion VND photo 2

A corner of Vung Ang Economic Zone is increasingly developing.

According to the investor's proposal, the electric car manufacturing project will specialize in producing popular electric car models VF3 and VF5. The factory is expected to start construction and come into operation from June 2026. The project implementation period is 70 years from the date the project is approved for investment policy and the investor is approved.

The conference also discussed the content of the draft Resolution deciding on preferential regime of land rent exemption for projects using land for production and business purposes in Ha Tinh province in investment incentive fields or in investment incentive areas.

Pham Truong

Source: https://tienphong.vn/ha-tinh-sap-co-them-thanh-pho-nha-may-san-xuat-o-to-dien-7300-ty-post1696085.tpo