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

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.