“The $200 Million Project: Transforming Thai Binh into the Ceramic Valley of Asia”

In 2023, the construction materials industry in Thai Binh province thrived, boasting an impressive production value of 5,421 billion VND. This thriving industry provided employment opportunities for 25,652 workers, contributing significantly to the local economy and showcasing the province's robust development in the field.

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According to information from the Thai Binh Provincial Portal, on the morning of August 26, Mr. Nguyen Quang Hung, member of the Provincial Standing Committee, Vice Chairman of the Provincial People’s Committee, worked with the Hoa Lien Ceramic Industry Group (Hunan Province, China) on a survey and investment research project for a ceramic valley in Thai Binh.

Mr. Nguyen Quang Hung, member of the Provincial Standing Committee, Vice Chairman of the Provincial People’s Committee, speaks at the meeting. Photo: thaibinh.gov.vn

Mr. Xu Junqi, Chairman of Hoa Lien Ceramic Industry Group, said that the Group was established in 1994 and is currently a leading enterprise in ceramic production in China. Their products are present in 42 countries worldwide. The Group’s upcoming business strategy involves seeking opportunities to expand into international markets, with a particular focus on investing in Vietnam as a gateway to Southeast Asian markets.

Hoa Lien Ceramic Industry Group aspires to invest in this project, contributing to Thai Binh’s transformation into a ceramic hub in the region. The initial investment for the project is estimated to be over $200 million. Once completed and operational, it is expected to create jobs for approximately 5,000 workers.

Mr. Xu Junqi, Chairman of Hoa Lien Ceramic Industry Group

The Vice Chairman of Thai Binh Provincial People’s Committee shared that in 2023, the construction materials industry in the province achieved a production value of VND 5,421 billion, providing jobs for 25,652 workers. This industry attracts a large number of skilled laborers. Thai Binh offers not only ready-to-use infrastructure in economic zones, industrial parks, and clusters, but also well-connected transportation infrastructure, a plentiful workforce, and attractive incentive policies. Additionally, the province has a supply of energy, including gas and thermal power, to support production and business activities in the industrial parks. The Thai Binh Provincial People’s Committee commits to providing the Group with the most favorable conditions and support during their survey and investment process in the province.

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