Thai Binh eyes more foreign investors

The province's Lien Ha Thai Industrial Park (Green IP-1) attracted seven additional foreign tenants last year, totalling more than $460 million in funding, to bring the total value of investment in the park to nearly $1.3 billion.

Adding to that run of good news for Thai Binh, on March 5, Taiwan's Pegavision Corporation broke ground on a $200 million, 10-hectare optical and medical equipment manufacturing plant for the park.

"Pegavision's venture in Green IP-1 is worth celebrating as it coincides with the announcement of the provincial planning of Thai Binh towards the end of the decade and beyond to 2050, creating a new era for the province and for investors," said Bui The Long, general director of Green i-Park, the developer of Green IP-1.

Green IP-1 can boast a sewage treatment station with a capacity of 5,000 cubic metres per day, a fully operational fire-prevention system, and the completion of 80 per cent of its internal traffic and technical infrastructure.

Currently, there are five projects in operation including Ohsung Vina Thai Binh, Lotes Vietnam, JinYang Electronics, Nam Tai, and Greenworks.

Green i-Park is also an active participant in community and charitable activities in Thai Binh. During the most recent Lunar New Year period, the park management sponsored the Den Tran Festival and distributed 2,000 gift packages worth nearly $41,000 to people in difficult circumstances.

In accordance with Prime Minister Pham Minh Chinh's direction on social welfare during his visit to the park last year, Green i-Park has invested around $1.2 million in a pumping station to prevent flooding and reduce the impact natural disasters have on the local environment.

Thai Binh unveils $2 billion LNG power plant project in Japanese deal Thai Binh province announced a $2 billion LNG thermal power plant project, in collaboration with Tokyo Gas Co., Kyuden Corporation, and Truong Thanh Group, marking a major stride in Vietnamese-Japanese economic cooperation.

Tokyo Gas makes progress on $2 billion LNG power project in Thai Binh province On January 24, Tokyo Gas Co., Ltd. announced the establishment of Thai Binh LNG Power JSC for the development of a liquefied natural gas (LNG) to power project in Thai Binh province in collaboration with Truong Thanh Vietnam Group and Japan's Kyuden International Corporation.

Taiwanese firm breaks ground on 45 mln USD computer plant in Thai Binh Good Way Cayman Co. Ltd. from Taiwan (China) held a groundbreaking ceremony for a large-scale plant manufacturing computers and their peripheral equipment at the Lien Ha Thai Industrial Park in the northern province of Thai Binh on February 19.