GROUND–BREAKING CERMONY OF THE INFRASTRUCTURE INVESTMENT AND DEVELOPMENT PROJECT AT PHU MY INDUSTRIAL PARK – PHASE 1

Invested by Phu My Group, Phu My IP is covered on an area of 436.87 hectares in a strategic coastal location right next to Phu My deep–water seaport and a very convenient transportation system connecting to airways, national highways, expressways and railways. According to The Master Plan, Phu My IP will be developed and aimed to a modern, smart, synchronous, circular and "green" IP model. Besides, the subdivisions will be flexibly arranged from 01 to 50 hectares, fully integrating technical infrastructure, wastewater treatment area, administrative and service area and green areas with the percentage rate of more than 15% of the total area, suiting to the environmental standards and sustainable development. Moreover, The IP is oriented to attract the following industries: agricultural – forestry – fishery processing, renewable energy industry, chemical industry, plastics, steel, logistics’ services and supporting industrial production. The technical infrastructure of the 1st phase of Phu My IP is expectedly completed and ready to receive secondary investors since the first quarter of 2026.

With the speech at The Ceremony, Mr. Pham Anh Tuan – Deputy Secretary of Gia Lai Party Committee, Chairman of Gia Lai People's Committee said that Phu My IP was a large–scale industrial infrastructure project, demonstrating the investor's strong commitment to the project implementation, contributing to rapid, sustainable and modern economic development. This was also a clear demonstration of Gia Lai's attractiveness on the national and international investment map. With an area of nearly 437 hectares and a total investment of more than VNĐ 4,569 billion, Phu My IP is not only a key industrial infrastructure project, but also has long-term strategic significance for the development of Gia Lai Province and the entire Vietnam Central Highlands region.

Mr. Chairman says, ‘Beside the values of industrialization, job creation and increased budget revenue, Phu My IP also has itself some outstanding features. The first, this will be a modern logistics center with the location connecting seaports, airports, highways and international border gates. Phu My will become a strategic transit point to help form a smart logistics network, to support the rapid movement of goods, to reduce transportation costs and to optimize the supply chain. The second, Phu My IP will be the first green, net-zero ecological IP in Gia Lai Province. Currently, I know many people are concerned about environmental issues. However, Gia Lai Province affirms that with current new technology, all environmental issues are handled with modern technology to ensure a green, clean environment that meets international standards. The third, applying digital technology and AI, Phu My IP will aim to develop digital infrastructure, to integrate AI and the Internet of Things in operating management and monitoring of energy, security, warehousing and logistics. This is a pioneering step to create a smart, “green” and sustainable IP. The last but not least, attracting high–quality FDI with infrastructure advantages and preferential policies, Phu My IP will be expected to become an attractive destination for FDI corporations, especially in the fields of high technology, processing and manufacturing industry, logistics and renewable energy. All the above things will not only help increasing the value of industrial production but also promoting technology transfer and improving the competitiveness of domestic enterprises.’

Mr. Chairman of Gia Lai People's Committee also requested the Phu My Group to closely coordinate with relevant agencies, units, departments and GEZA to prepare sufficient human resources, financial resources and equipment to fulfill the investment and construction progress of the Project with quality, safety and social security work environment. During the setting up and operating the Project, local workers and social security work must be paid attention to develop The Project together with improving people’s lives. Gia Lai Province is committed to always putting the legitimate interests and a happy and prosperous life of the local People first, to ensuring better resettlement than the old place with modern and synchronous infrastructure, towards forming a model urban - industrial area.

Also at the Ceremony, Phu My Group signed a memorandum of understanding with domestic and foreign secondary investors, including Orient Commercial Joint Stock Bank (OCB) on cooperation in finance, credit, banking services, customer development and investment promotion; Sekisui & Tien Phong Plastic on cooperation in research and implementation of water supply and drainage systems in Vietnamese and international standards in Phu My IP; and JLL Company on cooperation in consulting on comprehensive development of Phu My IP to the purpose of sustainable, ecological and environmental friendly direction. Furthermore, The IP Investor also donated VNĐ 400 million to Phu My Dong commune to carry out vocational education and training activities and ensure social security in the local area.