2023 is a breakthrough year for Thai Binh province, attracting nearly $3 billion in foreign direct investment (FDI). This is the highest number ever, putting Thai Binh in the top 5 nationwide in FDI attraction. Among them, Lien Ha Thai industrial zone attracted 7 foreign investors in the past year, with a total investment of $461 million, bringing the total investment capital to nearly $1.3 billion. The industrial zone selects and attracts projects from electronic manufacturing investors from South Korea, the United States, Singapore, and China.
Lien Ha Thai industrial zone was put into operation 2 years ago, located in Thai Thuy district, Thai Binh province with a total investment of nearly 4,000 billion VND. This is also the first industrial zone built in Thai Binh Economic Zone, with a land area of nearly 600 hectares.
This industrial zone has attracted many foreign investors with projects that have been put into operation such as Lotes company (Taiwan), Ohsung Vina company, Jin Yang company (South Korea)… In addition, there are 2 projects expected to start production by the end of 2023, including Greenwork company (USA) and Nam Tai company (Singapore).
According to research, the investor of Lien Ha Thai is Green I-Park Joint Stock Company. This company was established in 2019, with its headquarters located at Sky Tower building, 88 Lang Ha, Dong Da, Hanoi.
According to information on the business registration portal, at the time of establishment, Green I-Park had an initial charter capital of 300 billion VND, including 3 founding shareholders: Dat Xanh Real Estate Investment Company Limited (holding 51% of capital), Mr. Bui The Long (holding 30% of capital), and Mr. Nguyen Minh Hung (holding 19% of capital). Among them, Dat Xanh Real Estate Investment Company Limited – now the Northern Land Investment Corporation – is a subsidiary of Dat Xanh Group Joint Stock Company (Dat Xanh Group, stock code: DXG).
However, in the business registration notice on January 20, 2020, Dat Xanh Real Estate Investment Company unexpectedly divested from Green I-Park. Three days later, Green I-Park increased its charter capital to 700 billion VND, and the shareholder structure and ownership ratio at this time were not published. However, Mr. Bui The Long and Mr. Nguyen Minh Hung still maintained their ownership ratios.
In addition to being the investor of Lien Ha Thai industrial zone in Thai Binh, the company is also the owner of the High-tech Agricultural Technology and Tourism Zone located in Thanh Son commune, Mai Chau district, Hoa Binh province. This project has a total area of 146.5 hectares, with an estimated scale of about 200,000 visitors/stay per year.
According to the plan, this place will be built as a high-tech agricultural development area combined with experiential tourism activities, resort tourism, sports, multi-functional entertainment services; organizing cultural activities to promote the exploitation of environmental landscape values, serving tourism in Thanh Son commune, Sam Tang lake.
Illustration of the High-tech Agricultural Technology and Tourism Zone project in Mai Chau, Hoa Binh.
Currently, the General Director and legal representative of Green I-Park is Mr. Bui The Long (born in 1976). Mr. Long is also listed in Hoa Binh International Agricultural Development Joint Stock Company – a subsidiary of Green I-Park according to the introduction on the website.
This legal entity was established in May 2015, registered office in Thanh Son commune, Mai Chau, Hoa Binh. At the time of establishment, Hoa Binh International Agricultural Development Joint Stock Company had an initial charter capital of 9 billion VND, including 3 founding shareholders: Ms. Nguyen Thi Thuy Nga (holding 69% of capital), Mr. Nguyen Trung Khue (holding 30% of capital), and Mr. Nguyen Dinh Dung (holding 1% of capital).
In mid-January 2021, the development company increased its charter capital to 24 billion VND, and the shareholder structure and ownership ratio at that time were not disclosed.
