Gia Lai Aims to Attract Over $3.3 Billion in Investment Across 144 Projects

The People's Committee of Gia Lai Province has officially released the list of investment attraction projects for the year 2025 within the province.

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According to the list published on November 17, 2025, a total of 144 projects with a combined investment capital of over 78 trillion VND were announced. These include 14 foreign direct investment (FDI) projects valued at nearly 35.5 trillion VND and 130 domestic projects exceeding 42.5 trillion VND.

Projects outside economic zones and industrial parks account for a total investment of 28.7 trillion VND, with the largest being the 500kV Binh Dinh Transformer Station and its connection project, valued at nearly 2.3 trillion VND, led by the National Power Transmission Corporation.

Within economic zones and industrial parks, 26 projects totaling over 13.8 trillion VND in investment were highlighted. Notable projects include the Phase 1 Infrastructure Development of Phu My Industrial Park, valued at over 4,569 billion VND by Phu My Investment Group JSC; the expansion of Hoa Sen Nhon Hoi – Binh Dinh Steel Plant, worth 2,333 billion VND by Hoa Sen Nhon Hoi – Binh Dinh LLC; the Point 2 (2-1) project in Nhon Ly – Cat Tien Coastal Tourism Area, valued at 2,156 billion VND by THC Binh Dinh Real Estate JSC; and the infrastructure development of Binh Nghi Industrial Park, worth 91 billion VND by Binh Nghi Industrial Infrastructure Development LLC.

Additional projects include the Anh Duc Paper Mill with a capacity of 97,000 tons/year and an investment of 700 billion VND by Anh Duc Paper Production JSC; and a high-tech facility for processing instant coffee, coffee powder, and agricultural products, also valued at 700 billion VND by Agrico Agricultural Nutrition JSC.

Notable FDI projects feature a polyester fabric recycling complex valued at 24,970 billion VND by SYRE IMPACT AB; a high-quality garment manufacturing, warehousing, and raw material quality control center worth 1,290 billion VND by MASCOT INTERNATIONAL A/S (Denmark); an automotive parts and accessories manufacturing plant valued at 302 billion VND by SCM Co., Ltd; the Van Canh Binh Dinh Wind Power Plant, worth 5,701 billion VND by Nexif Ratch Energy SE Asia LLC; and a renewable energy training and human resource development center valued at 2,300 billion VND, jointly invested by GEO Gesellschaft für Energie und Oekologie mbH and O-Door Vietnam LLC.

On April 25, Binh Dinh Province signed a Memorandum of Understanding (MoU) with Sweden’s SYRE Group for a polyester fabric recycling complex, totaling 1 billion USD in investment. The project is expected to commence operations in 2028 with an annual capacity of 250,000 tons.

The facility will process 300,000–400,000 tons of raw materials annually, including 40,000–60,000 tons sourced from Vietnam. From its inception, the project will rely entirely on renewable energy, with a daily electricity demand of 67MW/hour, equivalent to approximately 562.8 GWh/year.

Binh Dinh Province signed an MoU with Sweden’s SYRE Group for the polyester fabric recycling complex. Photo: TTXVN

Thu Minh

– 10:31 21/11/2025

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