Towards the end of the year, Binh Dinh attracted an additional foreign investment project worth $10 million.

Binh Dinh province has approved Lehome International Co., Ltd. to implement the Gainwell Vietnam high-end interior and exterior furniture manufacturing plant project in Quy Nhon, with a capacity of 800 million products per year and a total investment of 10 million USD.

Towards the end of the year, Binh Dinh attracted an additional foreign investment project worth $10 million.

Binh Dinh province has approved Lehome International Co., Ltd. to implement the Gainwell Vietnam high-end interior and exterior furniture manufacturing plant project in Quy Nhon, with a capacity of 800 million products per year and a total investment of 10 million USD.

Signing ceremony for the land lease contract with infrastructure in Nhon Hoi Industrial Park – Zone A between Saigon - Nhon Hoi Industrial Park Joint Stock Company and Lehome International Co., Ltd. Source: SNP.

The Management Board of Binh Dinh Province Economic Zone has just granted an investment registration certificate to Lehome International Co., Ltd. (Hong Kong, China) to implement the Gainwell Vietnam high-end interior and exterior furniture manufacturing plant project in Quy Nhon.

Accordingly, the project aims to produce indoor and outdoor furniture and auxiliary materials on a scale of 800 million products per year. The project will be implemented at Lot B3.04, Nhon Hoi Industrial Park (Zone A), Nhon Hoi Economic Zone, Nhon Hoi Commune, Quy Nhon City, covering an area of ​​over 5.5 hectares.

The project has a total investment of over 254 billion VND (equivalent to 10 million USD), of which the investor's contribution is 50.93 billion VND. The project implementation schedule is from November 2024 to March 2027.

Previously, on November 5, 2024, Saigon - Nhon Hoi Industrial Park Joint Stock Company (SNP, the investor of Nhon Hoi Industrial Park Zone A) and Lehome International Co., Ltd. held a signing ceremony for a land lease agreement in the industrial park.

According to information from SNP, Lehome International Co., Ltd., a member of Gainwell Group (Hong Kong, China) – a reputable brand in the furniture industry in China – has committed to investing US$20 million in a project to build a factory producing high-end furniture and outdoor wooden products, with factory space for lease, to form a supporting supply chain in Nhon Hoi Industrial Park - Zone A.

The project is expected to create jobs for approximately 700 local workers and is scheduled to begin construction in 2025.

According to information posted on SNP's website, at the signing ceremony, Mr. Tran Viet Anh, Chairman of the Board of Directors of SNP, expressed his expectation that this cooperation would not only bring great value to Gainwell Group but also contribute positively to the development of Nhon Hoi Industrial Park - Zone A and Binh Dinh province. Mr. Anh pledged that SNP would accompany and create the best conditions for investors to confidently develop their projects in the industrial park.

Meanwhile, Mr. Le Ve Luong, Chairman of Gainwell Group, assessed that Binh Dinh, with its strategic location near seaports, abundant raw materials, synchronized infrastructure, and preferential policies, is an ideal investment location.

The Chairman of Gainwell Group expressed his commitment to a long-term presence in Quy Nhon, creating jobs for local people and promoting the development of the local furniture industry; and also hoped to continue receiving support from the government and SNP in the future.

According to Mr. Nguyen Bay, Director of the Investment Promotion Center of Binh Dinh province, it is estimated that from now until the end of 2024, Binh Dinh will attract 80 investment projects with a total expected investment capital of 18,371.7 billion VND.
Of these, 56 projects are located outside industrial parks and economic zones, and 24 projects are located within industrial parks and economic zones. Compared to the same period last year, there was a 6.9% decrease in the number of projects but an 11.6% increase in total investment capital (in 2023, the province attracted 86 projects with a total capital of VND 16,459.9 billion). This represents an extraordinary effort by Binh Dinh province in the face of extremely difficult circumstances.

Source: https://baodautu.vn/gan-cuoi-nam-binh-dinh-thu-hut-them-du-an-dau-tu-nuoc-ngoai-10-trieu-usd-d232022.html