Yuan Long leases land in Lien Ha Thai Industrial Park to build a ceiling fan factory
On November 14, at Lien Ha Thai Industrial Park, Yuan Long Vietnam Co., Ltd. signed a land lease contract with Green i-Park Joint Stock Company, marking the first step in the 120 million USD project to build a ceiling fan factory on an area of 15.6 hectares.
The project of Yuan Long Vietnam Co., Ltd. is divided into two phases. The first phase is expected to be completed and put into operation in the fourth quarter of 2025, while the second phase will be completed by the end of the fourth quarter of 2028. When put into operation, the factory will focus on producing ceiling fans and ceiling fan accessories for export to Europe and America, with a revenue of VND 3,200 billion/year, contributing to the state budget of about VND 269 billion/year and creating jobs for about 4,500 workers, contributing to promoting the socio-economic development of Thai Binh province.
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| Mr. Nguyen Minh Hung, Chairman of the Board of Directors of Green i-Park Joint Stock Company, spoke at the signing ceremony. |
Speaking at the ceremony, Mr. Nguyen Minh Hung, Chairman of the Board of Directors of Green i-Park Joint Stock Company, expressed his delight that Yuan Long Vietnam - a subsidiary of Aircool Group with nearly 50 years of experience - has chosen Lien Ha Thai to expand production. He also emphasized that the visit to Yuan Long's factory in Shenzhen (China) last August led by the Secretary of Thai Binh Provincial Party Committee helped strengthen confidence in the project's success. Here, the delegation witnessed Yuan Long's modern production system and received a commitment to establish a more advanced production line in Thai Binh.
“Yuan Long's investment project not only affirms the attraction of Lien Ha Thai Industrial Park but also vividly demonstrates the professional and favorable investment environment here, while creating a positive spillover effect to attract more potential investors in the future,” affirmed Mr. Nguyen Minh Hung.
The head of Green I-Park also committed that the investor of the Industrial Park has been and will continue to accompany investors through the completion of synchronous and modern infrastructure and active support in all legal procedures and requested the authorities of Thai Binh province to continue to create favorable conditions for the project to soon come into effective operation.
On the secondary investor side, Yuan Long Vietnam representative assessed Lien Ha Thai Industrial Park as an attractive investment destination thanks to its strong development potential, strategic location in the Northern key economic zone and modern, synchronous infrastructure. These factors help optimize operating costs, creating favorable conditions for production and logistics. In addition, Thai Binh provincial government and Lien Ha Thai investor also build an open cooperative environment, providing comprehensive support from legal procedures to infrastructure, with a professional and dedicated working style. The spirit of hospitality and desire to promote the common development of the province has created great confidence, encouraging businesses to confidently invest long-term.
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| Mr. Dang Van Bac, Deputy Head of the Management Board of Economic Zones and Industrial Parks of Thai Binh province, spoke at the signing ceremony. |
Deputy Head of the Management Board of Economic Zones and Industrial Parks of Thai Binh Province, Dang Van Bac, expressed his hope that after the signing ceremony, Yuan Long Company will quickly implement procedures, construct and put the project into operation on schedule, contributing to the economic development of the Province.
At the same time, Thai Binh affirmed that it will always accompany and create the most favorable conditions for the project to develop sustainably and effectively, bringing long-term benefits to both businesses and localities.
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| Yan Long Vietnam Co., Ltd. and Green I-Park Joint Stock Company signed a contract to lease land and infrastructure at Lien Ha Thai Industrial Park. |
Located in Thai Binh Economic Zone, Lien Ha Thai Industrial Park (Green iP-1) possesses many outstanding advantages in terms of traffic connection with key routes to provinces in the economic linkage and international seaports in the Northern coastal region. With synchronous and modern infrastructure investment, Lien Ha Thai fully meets the strict standards for foreign invested enterprises. With preferential policies from the Economic Zone, enterprises coming to invest, produce and do business here will reduce investment costs, improve competitiveness and develop sustainably.
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| Vice Chairman of the Board of Directors, General Director of Green i-Park Joint Stock Company briefed Standing Vice Chairman of Thai Binh Provincial People's Committee Nguyen Quang Hung and investor Yuan Long Vietnam about Lien Ha Thai Industrial Park. |
Thanks to its efforts and outstanding advantages, Lien Ha Thai Industrial Park has become the destination of many large corporations from Korea, the US, China... such as Compal, Hitejinro, Greenworks, Ohsung, Lotes, Keystone, Longstar... The presence of leading enterprises not only increases the attractiveness of the Industrial Park but also creates a vibrant and diverse business environment. After more than three years of operation, the Industrial Park has attracted 28 high-tech projects with large investment capital. It is expected that when fully covered and the entire project comes into operation, Lien Ha Thai will attract about 50,000 workers, contributing significantly to the socio-economic development of Thai Binh province and neighboring areas.
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