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Dec 14, 2020 / 19:51

New industrial project expected to lure high-tech investment in Thai Binh

The new project is considered as an important imprint in the drive of attracting investment into the Thai Binh Economic Zone.

A project on infrastructure construction kicked off on December 13 at the Lien Ha Thai Industrial Park (Green IP-1), with a VND3.9 trillion (US$167.8 million) investment, in the northern province of Thai Binh. 

The project is expected to lure billions of dollars of investment in electronics and high-tech projects in the coming time.

 Prime Minister Nguyen Xuan Phuc and delegates attend the ceremony in December 13 in Thai Binh province. Photo: thanhtravietnam

Speaking at the ground breaking ceremony, which was attended by Prime Minister Nguyen Xuan Phuc, Chairman of the provincial People’s Committee Nguyen Khac Than said that the Green IP-1 and other projects in the economic zone in general will be the magnet of domestic and foreign investments. 

Once operational, Green IP-1, with an area of more than 588 ha, is expected to fuel Thai Binh’s socio-economic development and contribute to the growth of the Red River Delta and the whole country, Mr. Than said.

Mr. Than suggested the government should soon approve the policy on the Green IP-1 project and allow the province to continue establishing other industrial, urban and service areas in the Thai Binh Economic Zone. He also asked for speeding up site clearance and compensation for resettled residents, promptly addressing arising difficulties during implementation.

Covering nearly 30,600 ha, the Thai Binh EZ covers 30 communes and one town in Thai Thuy and Tien Hai districts.