Thai Binh aims to attract 1.2 billion USD in foreign investment capital

To realize the target of double-digit economic growth, Thai Binh strives to attract 1.2 billion USD in foreign investment and increase industrial production value by 22% in 2025.

To realize the target of double-digit economic growth, Thai Binh strives to attract 1.2 billion USD in foreign investment and increase industrial production value by 22% in 2025.

To date, Thai Binh has completed the approval of the zoning plan for the construction of 13 functional areas in Thai Binh Economic Zone, with a total area of up to 8,446 hectares. An industrial park outside Thai Binh Economic Zone (Pharmaceutical - Biological Industrial Park) has also been completed, along with the partial adjustment of the General Construction Plan for the Economic Zone. The submission to the Prime Minister for approval of the overall adjustment of the General Construction Plan for Thai Binh Economic Zone has been fully implemented by the Management Board of the Economic Zone and Industrial Parks of the province.

Up to now, Thai Binh Economic Zone and the province's industrial parks have attracted a total of 369 projects, with a total registered capital of about 208,000 billion VND. Of which, 254 domestic projects, with a total registered capital of 97,000 billion VND, implemented capital of 77,000 billion VND, reaching 80% of the initial registered capital. In addition, there are 115 foreign investment projects, with a total registered capital of up to 111,000 billion VND (equivalent to 4.76 billion USD), implemented capital of 37,000 billion VND, equal to 34% of the registered capital.

Regarding administrative reform, the Thai Binh Economic Zone and Industrial Zones Management Board continues to implement solutions to improve the business investment environment, support enterprises and promote administrative procedures, helping investors easily access and implement projects in the province's industrial zones. The occupancy rate in industrial zones reached 63%, forecasting strong development potential in the future.

To meet the goal of sustainable growth, the Thai Binh Economic Zone and Industrial Park Management Board has reviewed and analyzed potential and space, and developed development scenarios. Accordingly, it strives to attract 1.2 billion USD in foreign investment by 2025, increase industrial production value by 22% and construction value by 15-17%.

Speaking at a working session with the Management Board of Thai Binh Economic Zone and Industrial Parks on March 5, 2025, a representative of the infrastructure investor of Lien Ha Thai Industrial Park (Thai Binh Economic Zone) proposed that it is necessary to strongly reform administration, shorten investment procedures, accelerate traffic construction progress, build seaports, and quickly clear land to create a clean industrial land fund. Along with that, carbon credits should be deployed, human resource training and information technology infrastructure should be improved to attract high-tech projects.

Acknowledging the efforts of the Thai Binh Economic Zone and Industrial Park Management Board and the contributions of industrial park infrastructure investors, Chairman of Thai Binh Provincial People's Committee Nguyen Manh Hung emphasized that industrial park infrastructure investors need to urgently research and implement synchronous investment plans, including building housing for workers, schools, and medical facilities, to create a sustainable development ecosystem for industrial parks.

Thai Binh province has agreed to implement development policies such as reclaiming land, training high-quality human resources, investing in information technology infrastructure, clearing land and providing sufficient power sources, promptly removing bottlenecks, and speeding up project implementation progress.

Thai Binh Provincial Party Secretary Nguyen Khac Than requested departments, branches, and localities, especially the Management Board of the Economic Zone and Industrial Parks of the province, to urgently complete the adjustment of the local planning of the Economic Zone, clarify the vision, development philosophy, and long-term development orientation, based on the foundation of inheritance and innovation. The seaport development strategy needs to be adjusted with priority given to planning and investment, expanding the development space towards the sea.

In addition, improve the capacity of the Management Board of Thai Binh Economic Zone and Industrial Parks, improve human resources, invest in infrastructure and technology. Departments and branches closely coordinate with the Management Board and infrastructure investors to improve the quality of investment attraction, contributing to the construction and development of Thai Binh Economic Zone to its full potential in the new period.

Source: https://baodautu.vn/thai-binh-dat-muc-tieu-thu-hut-12-ty-usd-von-dau-tu-nuoc-ngoai-d251473.html