Exploiting the potential and advantages of the Thai Binh Economic Zone.

The Thai Binh Economic Zone is planned to become a multi-sector, sea-oriented economic area with an ecosystem encompassing industry, urban development, services, energy, ports, and logistics. With synchronized infrastructure investment and numerous strategic projects, the Thai Binh Economic Zone is driving the province's economic development.

Báo Hưng Yên•22/09/2025

The Thai Binh Economic Zone is planned to become a multi-sector, sea-oriented economic area with an ecosystem encompassing industry, urban development, services, energy, ports, and logistics. With synchronized infrastructure investment and numerous strategic projects, the Thai Binh Economic Zone is driving the province's economic development.

Thermal power plant projects at the Power Center.

One of the key milestones demonstrating the strong development of the Thai Binh Economic Zone is the formation and development of industrial parks with modern infrastructure. To date, there are five industrial parks under investment in the Economic Zone: Lien Ha Thai, Hai Long, Hung Phu, Tien Hai, and VSIP Thai Binh. The investors involved in the construction and operation of the infrastructure of these industrial parks are all large, reputable investors with expertise in management, investment, and attracting secondary projects. Lien Ha Thai Industrial Park stands out as a prime example nationwide of rapid, integrated, and modern development.

Mr. Nguyen Tran Phong, Deputy General Director of Green i-Park Joint Stock Company, said: "In just under 4 years, we have basically completed the entire industrial park infrastructure and attracted 30 secondary projects with a total investment of over 1.6 billion USD. These projects not only have high investment returns but also utilize advanced, environmentally friendly production technologies and create high added value, making a positive contribution to local economic development."

According to the leaders of the Provincial Economic Zone Management Board, to date, the industrial parks within the Economic Zone have attracted 129 projects with a total registered investment capital of approximately VND 66,704 billion, of which about VND 35,384 billion has been implemented, accounting for 53% of the registered investment capital. Notably, there are 66 foreign investment projects in the industrial parks with a total capital of approximately USD 2.3 billion.

The Thai Binh Economic Zone has potential and is planned as a power center. The center currently has two coal-fired thermal power plants with a total capacity of 1,800MW already in operation. The Thai Binh LNG power plant project, with a capacity of 1,500MW and a total investment of over 47,000 billion VND, is being prepared for commencement in 2025 by a consortium of investors including Tokyo Gas Co., Ltd., Kyuden International Group, and Truong Thanh Vietnam Industrial Corporation.

Furthermore, the Thai Binh Economic Zone has the advantage of wind potential and a vast offshore area of approximately 3,160 ^km² , allowing for the development of wind power projects with a capacity of up to 10,000 MW; currently, many large domestic and foreign investors are researching and proposing investment projects. Mr. Tran Ngoc Giang, Head of the Power Management Department, Department of Industry and Trade, believes that the power center in the Economic Zone with large energy projects will effectively meet the increasing energy demand as Hung Yen accelerates industrial development and, most importantly, create an attractive environment for large global investors to invest in the Thai Binh Economic Zone.

As a multi-sector, coastal economic zone, the Thai Binh Economic Zone also includes other functional areas such as industrial clusters, ports and port services, tourism and resort areas, coastal aquaculture areas and protective forests; residential areas, urban areas, service areas, and administrative areas. Several large projects have been invested in and constructed, such as the Con Vanh golf course project with a scale of nearly 110 hectares, including the main components: a 27-hole international standard golf course, two golf practice areas, a 4-star resort hotel and 150 low-rise resort houses, with a total investment of approximately 2,150 billion VND; and the Ba Lat liquid cargo port project with an area of over 68,500 ^m² , capable of receiving ships up to 3,000 tons, with a cargo handling capacity of approximately 150,000 tons per year. These two projects are considered groundbreaking in developing high-quality tourism and service industries, as well as seaports and logistics services, while also increasing investment attractiveness in the Economic Zone and aligning with the province's marine economic development strategy.

Workers at Greenworks Vietnam Co., Ltd. in Lien Ha Thai Industrial Park assemble gardening machines for export.

With its industrial ecosystem, high-tech agriculture, urban areas, and high-end services, the Thai Binh Economic Zone is truly an attractive investment destination for major domestic and foreign investors. According to Mr. Vu Kim Cu, Member of the Provincial Party Standing Committee and Head of the Provincial Economic Zone Management Board, to date, the Economic Zone has nearly 250 projects with a total registered investment capital of approximately 200,000 billion VND, creating jobs for nearly 31,000 workers, including 69 FDI projects with a total investment of approximately 4.5 billion USD. Leading domestic and international corporations such as Green i-Park, Geleximco, Bao Minh, VSIP, Compal, Greenworks, Kyuden, and Hitejinro have all converged in the Thai Binh Economic Zone. This is proof of the investment appeal of the coastal economic zone and inspires major investors from all over the world to seek cooperation and development in the future.

Workers at Keystone Electrical Vietnam Co., Ltd. in Lien Ha Thai Industrial Park assemble handheld power tools for export.

Currently, the province is focusing on researching and adjusting planning, and developing more open and attractive mechanisms and policies to build the Thai Binh Economic Zone into a leading free economic zone in Southeast Asia. With a development direction based on an integrated multi-sectoral model, focusing on high-tech industries, digital services, and high-quality services, forming a dynamic ecosystem, we can confidently believe that this strategic area will become a driving force for socio-economic development not only for the province but also for the entire Red River Delta region.