Hoang Thinh Dat - a trusted partner for industrial manufacturing investors

November 21, 2023 | 09:38
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Nghe An province’s success in recent years in attracting foreign direct investment is associated with the strategic direction and contribution of industrial park infrastructure investors such as Hoang Thinh Dat Corporation.

As one of the investors in the field of industrial park (IP) infrastructure in Vietnam, the Hoang Thinh Dat brand has been associated with many localities across the country, and is a reliable partner for domestic and foreign investors.

Hoang Thinh Dat - a trusted partner for industrial manufacturing investors

With that, Hoang Thinh Dat is continuing to implement its projects in Nghe An province. Following successes in developing IPs elsewhere and the increase in demand for land rental from foreign investors, Hoang Thinh Dat Corporation is now working on Hoang Mai II IP in Hoang Mai town of Nghe An province.

Last month, approval was given to the investment policy for the park, with Hoang Thinh Dat as its investor. Covering almost 335 hectares and with a convenient location close to the North-South Highway and a deepwater port, Hoang Mai II IP is receiving attention from foreign investors such as Tianneng Battery Group, Runergy, and Drax.

In particular, Tianneng Battery Group has signed a land lease agreement and is completing procedures to implement a project with expected investment capital of about $200 million.

Hoang Thinh Dat - a trusted partner for industrial manufacturing investors
The company’s four industrial parks boast a myriad of top investors in electronics, tech, and more

Hoang Mai II IP is currently continuing to welcome and attract foreign investors with a focus on manufacturing electrical and electronic equipment, the processing industry; green energy products, and renewable energy.

Hoang Thinh Dat Corporation was established in 2004, with key business areas being IPs and water plants. In the past decade, it has been licensed to invest in four IPs: Yen Binh in Thai Nguyen province, Dung Quat Industrial Urban Area in Quang Ngai province, Hoang Mai I in Nghe An province, and now Hoang Mai II in the same locality.

Among them, Yen Binh and Hoang Mai I boast over 20 foreign investors in the fields of production and assembly of electrical and electronic equipment, technology, and other processing and manufacturing.

Yen Binh IP has so far attracted a committed capital of over $9 billion with notable investors such as Samsung at $7.5 billion, Trina Solar at $900 million, Hansol Electronics at $150 million, and Sunny Opotech at $110 million.

Hoang Mai I IP currently records committed capital of nearly $2 billion, including investments from Chinese investors, Runergy, valued at around $1.2 billion, Ju Teng International from Taiwan at $600 million, and Huali Industrial Group, also from Taiwan, at $75 million.

These investors have contributed significantly to the results of funding attraction and positively impacted the development of Vietnam, as well as individual localities.

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By Thanh Pham

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