Foreign players look to park big projects in Yen Binh

November 19, 2012 | 10:00
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Foreign investors are seeking to develop infrastructure for Yen Binh industrial, agricultural, urban and service complex in northern Thai Nguyen province.

Thai Nguyen Provincial People’s Committee said Quantum Leaps and Orix Investment – two large Japanese financial groups – arrived in the province early this month to explore the opportunities to invest in Yen Binh Industrial Park (IP).

“The Japanese groups want to cooperate with the local Yen Binh Investment & Development Corporation to develop infrastructure of Yen Binh IP,” said Dang Xuan Truong, chairman of Thai Nguyen Provincial Industrial Zones Management Authority.
Quantum Leaps and Orix Investment will have an official meeting with the provincial authorities next month on their specific plans. On this trip to the province, they will also take several Japanese small- and medium-sized enterprises, which are interested in pouring capital in the IP, Truong added.

Tomohiro Ishii, Quantum Leaps global development director, asked for support from the local authorities regarding their investment cooperation plans in the province. He also highly valued  the province’s investment attraction policies, potentials and advantages and said Thai Nguyen was an attractive investment destination which could bring about much benefit.

Yen Binh IP is part of the wider Yen Binh industrial, agricultural, urban and service complex. In early November, Yen Binh Investment & Development Corporation was licenced to develop the IP with the total investment capital of VND1.1 trillion ($52.9 million).

The IP covers 150 hectares in Pho Yen district and has a life span of 50 years.  Yen Binh IP was approved by the prime minister to be added to the list of Vietnam’s IPs prioritised for establishment by 2020.  

Earlier, Kumho Asiana Group representatives also visited the province to express their interest in joining with the corporation to develop infrastructure of Yen Binh complex. Kumho highly valued investment potential in this project and will soon make a final decision.

Yen Binh complex, about 36 kilometres north of Hanoi, covers 8,009ha in Pho Yen and Phu Binh districts. The project is considered vital to boosting the economy of Thai Nguyen province.

Yen Binh Investment & Development Corporation has completed the 1/2000 master plan for the complex. It also signed an agreement with Vietnam Urban and Industrial Zone Development Investment Corporation for developing the industrial park in the complex. Meanwhile, TSQ Finance Group also planned to develop a 36-hole golf course in the complex.

By Kieu Linh

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