Prime Minister Nguyen Tan Dung has approved Ho Chi Minh City's industrial plan by 2020 with 24 industrial zones.
|A cement plant in Hiep Phuoc Industrial Zone in HCMC (Photo: SGGP)|
According to the plan, the 114 hectare Phu Huu IZ is taken out from the national development plan of industrial zones by 2015 and visions until 2020.
The Prime Minister agreed to reduce Tan Tao IZ's area from 175.57 to 161.35 hectares. The broadened Tan Tao IZ will be narrowed to 182.55 hectares from the current area of 204.58.
Phong Phu's area will fall to 134 hectares from 148.4 and will be converted into a hi-tech complex, which 67 hectares will be for the industrial zone.