Thái Bình Economic Zone set to establish itself as prime coastal economic center in Hưng Yên region.
In the heart of the new Hung Yan Province, a dynamic transformation is underway. With a population exceeding three million and covering over 2,500 square kilometers, the province is home to the Thai Binh Economic Zone, a vast expanse of 30,500 hectares that includes 22 industrial parks and various facilities.
One of the flagship projects within this economic zone is Lień Ha Thai Industrial Park, spanning nearly 590 hectares. By August 2025, the park had attracted 44 investors, including 40 foreign direct investment projects, with a total registered capital approaching US$1.6 billion.
The occupancy rate of Lień Ha Thai Industrial Park is close to 52%, with nine projects already operational and five more progressing rapidly. Chairman of the Hung Yan Provincial People's Committee, Nguyen Khac Than, is urging government bodies to proactively remove obstacles for businesses and accelerate project implementation to ensure timely operation of ongoing and delayed projects.
Green i-Park Joint Stock Company developed Lień Ha Thai Industrial Park, and the park has generated substantial industrial output and created thousands of jobs for both local and migrant workers. The park has also completed site clearance on over 587 hectares, reaching a completion rate of over 99%.
Other operational or under-development industrial parks within the economic zone include Tiei Haai Industrial Park, Ha Long, VSIP Thai Binh, and Hung Phu. The VSIP Thai Binh Industrial Park, spanning 333.4 hectares, is receiving significant investment of approximately $212 million from the Viẹt Nam-Singapore Urban and Industrial Development JSC.
Post-merger, the province has fast-tracked zoning plans for 13 functional areas covering 8,300 hectares within the economic zone. The ongoing planning efforts include Thai Do 1 Industrial Park, the expanded Tiei Haai Industrial Park, Thuy Luon Industrial Park, and the Co Vanh ecological urban resort.
The province aims to achieve 10.5% economic growth in 2025, and the accelerated development of these industrial parks is a key part of this ambitious plan. The focus is on ensuring timely operation of ongoing and delayed projects to unlock economic potential and prevent losses.
As the industrial parks continue to attract investment and grow, they are set to play a crucial role in driving the economic growth of the new Hung Yan Province.
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