Exciting News for Hai Phong Residents: Billionaire Dang Thanh Tam to Build $87 Million Industrial Park, Expected to Create 10,000 Jobs

Bình Giang Industrial Park is set to break ground in Q1 2026 and commence operations by Q1 2028. The total projected investment stands at 1.755 trillion VND.

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Kinh Bắc Urban Development Corporation (KBC) has successfully completed the environmental impact assessment (EIA) for the Binh Giang Industrial Park project. Initially approved on June 20, the project’s master plan was adjusted on November 7, reducing its area from 150 hectares to 147.8 hectares.

Located in the communes of Thai Minh, Nhan Quyen, Thai Hoa, and Binh Vuong, Binh Giang District, Hai Duong Province (now part of Thuong Hong and Nguyen Luong Bang communes, Hai Phong City), the industrial park is strategically positioned. To the north, it borders the Hanoi-Hai Phong Expressway; to the south, it adjoins the Hoa Loan River; and to the east, it connects to Provincial Roads 392 and 394B.

The land use plan allocates over 98 hectares for factory and industrial facilities, with approximately 9 hectares designated for service areas. Factory buildings will have a maximum construction density of 70% and a height limit of 5 floors.

Binh Giang Industrial Park is envisioned as a multi-sector, concentrated industrial zone, primarily attracting high-tech, automation, assembly, telecommunications, clean, and environmentally friendly industries. It aims to promote resource-efficient, high-value-added sectors with minimal pollution.

According to the timeline, construction is set to begin in Q1 2026, with a 24-month development phase, and operations commencing in Q1 2028. The total investment is estimated at VND 1,755 billion, expected to create approximately 10,000 local jobs.

KBC is actively expanding its investments in Hai Phong, with several major projects underway, including Kim Thanh 2 Industrial Park – Phase 1 (235 hectares, VND 3,400 billion), Trang Cat Urban Area (over VND 69,000 billion), Trang Due 3 Industrial Park (VND 8,000 billion), and Trang Due Supporting Industrial Cluster (VND 905 billion).

Most recently, on November 19, KBC and CTP Invest Ltd (a European industrial investor) met with Hai Phong’s leadership to discuss collaboration on an integrated seaport, airport, logistics, and industrial complex.

During the meeting, the Chairman of the Hai Phong People’s Committee highly praised the proposal by CTP Invest Ltd and Kinh Bac Urban Development Corporation for the development of the “Integrated Seaport, Airport, Logistics, and Industrial Complex.”

Both parties agreed to accelerate the progress of cooperative projects. In 2026, CTP Invest Ltd’s Remon Vos will initiate the construction of infrastructure and factory buildings on a 30-hectare site within Trang Due 3 Industrial Park, part of the Dinh Vu – Cat Hai Economic Zone.

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