On June 18, at the groundbreaking ceremony for the Ho Chi Minh City Ring Road 4 project, the People’s Committee of Binh Duong province granted the investment registration certificate and approved the investor for Bac Tan Uyen 1 Industrial Park (IP) to Thadico Binh Duong Industrial Development Investment Joint Stock Company – a member of THACO Joint Stock Company (THACO, THA).
According to the approved 1/5000 master plan issued by the People’s Committee of Binh Duong province on April 22, 2025, Bac Tan Uyen 1 IP covers an area of nearly 786 hectares, located in Binh My and Tan Lap communes, Bac Tan Uyen district, and a part of Hoi Nghia ward, Tan Uyen city, Binh Duong province.
|
Land Use Structure of the Entire IP
Source: People’s Committee of Binh Duong Province
|
Bac Tan Uyen 1 IP is oriented to specialize in the field of mechanics and supporting industries, not only serving the production of equipment and components for high-tech industries but also expected to attract more enterprises in the green industry.
The project has a total investment of over VND 75,000 billion (approximately 2.87 billion USD). Once operational, it will attract more than 30,000 workers, including nearly 10,000 university and post-graduate workers.
According to the plan, the construction of this IP is expected to commence in August 2025, and a part of the project will be put into operation from September 2026.
Earlier, in March 2025, the provincial leaders met with THACO’s leaders to plan the implementation of investment projects for the infrastructure of Bac Tan Uyen 1 IP and urban development models in the province. Binh Duong is focusing on removing obstacles and providing maximum support to investors to accelerate the progress of the mechanical and supporting industrial park project in the province.
According to the Management Board of Binh Duong Industrial Parks, the province currently has 29 IPs with a total planned area of over 12,745 hectares, of which 28 IPs are in operation with a total area of over 12,000 hectares.
The IPs have attracted 3,252 investment projects, including 2,561 foreign-invested projects with a total registered capital of nearly 31.6 billion USD, and 691 domestic projects with a total registered capital of VND 93,664 billion.
Binh Duong province is also formulating policies and implementing support to encourage the conversion of industrial production facilities in the southern region to develop commerce, services, urban areas, and high-tech industries in line with the planning.
– 11:12 19/06/2025
“HHS Completes Acquisition of HHS Capital, CRV Retreats in FY 2024”
“Shortly after the Hoang Huy Finance Service Investment JSC (HOSE: TCH) made a full payment for the purchase of 64 million shares, Hoang Huy Investment Service JSC (HOSE: HHS) has also completed the acquisition of HHS Capital JSC as previously announced.”
The Joyous Citizens of Binh Duong
The $500 million Binh Duong Belt Road Project, a 30-mile-long stretch of highway, is now underway. With construction commencing on June 18th, this significant infrastructure development promises to be a transformative project for the region.
“Urgent Directive from the Ministry of Construction: VinSpeed and Thaco Must Act Today”
“The Ministry of Construction has issued Document No. 4986, which is significant news for the highly anticipated North-South high-speed railway project.”
The Korean Real Estate Titan Seeks Approval for a 1,500-Hectare Mega City in Bac Ninh
On June 18, Chairman of the People’s Committee of Bac Ninh province, Vuong Quoc Tuan, met with Mr. Lee Han Joon, CEO of the Korea Land & Housing Corporation (LH), to discuss collaboration on the Southeast Bac Ninh City development project.
“A Toast to Friendship: TH true MILK’s Thousand-Ton Factory in Kaluga”
“When Russia faced economic sanctions, TH Group ventured into the Russian dairy industry. Our founder, Madam Thai Huong, firmly believes that ‘when you eat the fruit, think of the person who planted the tree.’ Investing in Russia is TH Group’s way of giving back to a nation that has supported Vietnam and fostering bilateral friendship.”
