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Binh Thuan’s Industry: Seizing Opportunities to “Catch the Investment Wave”

Published

13 hours ago

January 21, 2025

Before entering 2025, Binh Thuan continues to attract two additional investment projects with a total capital of USD 88 million and over VND 100 billion registered for implementation in industrial parks (IPs). With its development orientation and favorable factors, experts suggest that the province should seize opportunities to effectively harness its potential and advantages, making industry a solid economic pillar.

Preparing Infrastructure

Although the investment registration certificates were issued at the end of the year, the investors of these projects expressed strong determination to proceed promptly, aiming for completion and operational readiness within just a few years. Notably, one of these projects is set to be implemented in the Tan Duc Industrial Park, where technical infrastructure construction only began in late May 2024. This decision not only reflects careful consideration in selecting an investment location but also demonstrates high expectations for the project’s success in Binh Thuan. The Tan Duc IP infrastructure development company is committed to adhering to timelines and swiftly handing over land to secondary investors.

Recently, as bottlenecks in external traffic connections have been cleared, Binh Thuan’s position as the gateway linking the South-Central Coastal Region with the Southern Key Economic Zone and the Southern Central Highlands has become even more attractive. Therefore, southern Binh Thuan IPs are considered advantageous for attracting large-scale projects, contributing to the province’s economic and industrial growth.

Over the past months, visits by provincial leaders, including Party Secretary Nguyen Hoai Anh and Chairman of the People’s Committee Doan Anh Dung, to inspect the progress of IP infrastructure projects in the area have underscored the importance placed on industrial development. Alongside Tan Duc IP (300 ha), the Son My 1 Industrial Park (1,070 ha), which commenced construction in late August 2022, has attracted three major projects: Son My I Power Plant, Son My II Power Plant, and Son My LNG Port Terminal, with a total investment of approximately USD 5 billion. Additionally, the Son My 2 Industrial Park (Phase 1, spanning nearly 470 ha) is expected to break ground by Q2 2025 once land allocation is finalized. Provincial leaders have emphasized the importance of expediting investment progress to establish these IPs as quickly as possible, leveraging the southern region’s industrial development potential.

“Catching the Investment Wave”

To date, Binh Thuan’s IPs have attracted nearly 90 active secondary investment projects, including dozens of foreign investment projects primarily from Taiwan, Belize, Japan, Samoa, and China. Regarding domestic investments, Ho Chi Minh City investors alone have registered over 20 projects, with further growth anticipated in the near future. Consequently, the Ho Chi Minh City Export Processing and Industrial Zone Authority has suggested that Binh Thuan allocate land to accommodate businesses relocating as part of the city’s development strategy for export processing zones and IPs.

Recently, Binh Thuan and Ninh Thuan proposed collaboration in areas with shared potential and strengths, such as renewable energy, marine economic infrastructure, and industrial port development. These partnerships aim to create synergy and increase appeal to investors. With its development direction and favorable conditions, Binh Thuan promises to be an attractive destination for investors, focusing on three key sectors: industry, tourism, and modern agricultural technology. In the industrial sector, the province prioritizes clean energy, renewable energy, high-tech manufacturing, and processing industries organized into cluster-linked networks to drive economic restructuring toward industrialization and modernization.

As the New Year of the Wood Snake 2025 approaches, discussions about Binh Thuan’s growing investment appeal—bolstered by its deep-water port, highways, and upcoming airport and high-speed rail—are becoming increasingly vibrant. Adding to this optimism, at the Provincial Master Plan Announcement Ceremony for 2021-2030 with a vision to 2050 held last year, Chairman Doan Anh Dung affirmed that Binh Thuan is always open to investors, committed to supporting and facilitating successful and prosperous projects.

Currently, Binh Thuan has nine IPs with a total area of over 3,000 ha approved by the Prime Minister. Under the Provincial Master Plan for 2021-2030, with a vision to 2050, the province plans to expand by nearly 5,000 ha of potential IPs and establish a coastal economic zone in southern Binh Thuan spanning approximately 27,000 ha.

Related Topics:bình thuận ninh thuận

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Ho Chi Minh City’s Largest Industrial Park Set to Resolve Land Issues, Hundreds of Hectares Ready for Lease

Published

12 hours ago

January 21, 2025

Industrialzone.net

Hiep Phuoc Industrial Park is ready to welcome investors with 145 hectares of developed industrial land and 100 hectares of land under infrastructure development.

On the evening of January 20 (the 21st day of the 12th lunar month), Hiep Phuoc Industrial Park—the largest industrial park in Ho Chi Minh City—hosted the program “Celebrating Tet with Workers, Welcoming the Lunar New Year 2025.” This marks the 15th year that Hiep Phuoc Industrial Park has brought Tet celebrations to its workers.

Workers in Difficult Circumstances at Hiep Phuoc Industrial Park Receive Tet Gifts

During the event, Hiep Phuoc Industrial Park JSC, in collaboration with enterprises in the park, distributed 500 Tet gift packages to workers facing difficult circumstances.

Speaking at the program, Mr. Huynh Bao Duc, General Director of Hiep Phuoc Industrial Park JSC, stated:
“Our company is always ready to collaborate with Nha Be District People’s Committee and other departments in community activities to support local residents. As we enter 2025, the legal barriers related to land issues will be resolved. Hiep Phuoc Industrial Park is prepared to welcome investors to Nha Be District with 145 hectares of developed industrial land and 100 hectares under infrastructure development. This is a significant foundation and motivation for Hiep Phuoc Industrial Park to continue contributing to the growth of the local area and Ho Chi Minh City.”

Activities

Thai Nguyen Launches Industrial Park Project Worth Over VND 4,000 Billion

Published

12 hours ago

January 21, 2025

Industrialzone.net

Yen Binh 3 Industrial Park (Phu Binh District), with an investment capital of over VND 4,000 billion, has been granted its investment registration certificate, with a project duration of 50 years.

On January 20, according to Lao Dong Newspaper, the Management Board of Thai Nguyen Industrial Parks awarded the Investment Registration Certificate for the Yen Binh 3 Industrial Park Infrastructure Construction and Business Project.

The ceremony for awarding the Investment Registration Certificate for the Yen Binh 3 Industrial Park Project in Thai Nguyen. Photo: Thai Nguyen Electronic Information Portal.

The project, with a total investment capital of VND 4,139.39 billion, spans 295.34 hectares and is invested by BMK Group Joint Stock Company. It will be developed in two communes: Diem Thuy and Nga My (Phu Binh, Thai Nguyen), with an operating duration of 50 years.

As previously reported by Lao Dong Newspaper, Deputy Prime Minister Tran Hong Ha signed Decision No. 50/QD-TTg on January 8, 2025, approving the investment policy for the project.

Accordingly, the Ministry of Planning and Investment, along with other relevant ministries, is responsible for appraising and managing the project in compliance with legal regulations.

The People’s Committee of Thai Nguyen Province is tasked with ensuring the accuracy of the information, aligning land-use planning with the project’s requirements, and addressing land recovery, compensation, and resettlement issues in accordance with the law. It is also responsible for overseeing land-use changes within the project area.

Any land allocation or lease, particularly involving public land, must strictly comply with legal regulations to ensure no loss of state assets.

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Bac Ninh Accelerates Land Clearance for Two Industrial Parks

Published

12 hours ago

January 21, 2025

Industrialzone.net

Bac Ninh Province has called for the acceleration of land clearance for Nam Son – Hap Linh Industrial Park and Dai Dong – Hoan Son Industrial Park (Phase II).

The Bac Ninh People’s Committee recently issued a statement summarizing the conclusions of Vice Chairman Le Xuan Loi during a meeting on the progress of land clearance for the following projects: Nam Son – Hap Linh Industrial Park, Dai Dong – Hoan Son Industrial Park (Phase II), and the Tri Phuong II Pump Station irrigation channel.

Inside an industrial park in Bac Ninh Province. Photo: Van Truong

The statement highlighted that Vice Chairman Le Xuan Loi chaired the meeting, which included representatives from provincial departments, agencies, local authorities, and organizations such as the Provincial Military Command, the Office of the Provincial People’s Committee, the Department of Natural Resources and Environment, the Department of Agriculture and Rural Development, the Bac Ninh Industrial Park Management Board, the People’s Committee of Tien Du District, the Bac Ninh Land Development Center, and relevant project management boards and investors, including Kinh Bac Urban Development Corporation and SaigonTel.

After listening to reports, suggestions, and feedback from the departments and stakeholders, Vice Chairman Le Xuan Loi concluded:

It is essential to accelerate land clearance for the above-mentioned industrial park infrastructure projects to prepare sites for upcoming projects in the industrial parks.

Key tasks assigned include:

For the 25.17-hectare land clearance at Nam Son – Hap Linh Industrial Park, the Tien Du District People’s Committee must focus on determining land prices, assessing and approving compensation plans, and conducting outreach to residents. The goal is to complete the approval and compensation process before January 22, 2025.
For the remaining area of Dai Dong – Hoan Son Industrial Park (Phase II) in Vinh Phu Hamlet, Phat Tich Commune, the Tien Du District People’s Committee will coordinate with relevant units and SaigonTel to encourage residents to relocate remaining graves, provide resettlement support, and finalize compensation and land recovery procedures to enable the investor to complete the park’s infrastructure.

Bac Ninh currently has 14 industrial parks and 26 industrial clusters in operation, employing nearly 450,000 workers.

In 2024, Bac Ninh’s foreign direct investment (FDI) inflows are estimated at $4.8 billion, the highest in the country.