Urgent investment in new industrial parks in Thai Nguyen

The infrastructure of Song Cong II Industrial Park, phase 2 is being urgently constructed to hand over land to secondary investors in early 2026.

The southern area of Thai Nguyen province has a road traffic system conveniently connected to the capital Hanoi , Noi Bai international airport, industrially developed provinces such as Bac Ninh, Phu Tho and the Northern Delta; at the same time, Thai Nguyen is one of the major human resource training centers, so it has advantages for industrial development.

Up to now, the province has established 12 industrial parks, of which six have been put into operation (including Song Cong I, Diem Thuy, Nam Pho Yen, Yen Binh, Song Cong II and Thanh Binh industrial parks) with very high occupancy rates, attracting a total of 350 projects, including 188 foreign direct investment (FDI) projects with a total investment capital of more than 11 billion USD and 162 domestic investment (DDI) projects with a total investment capital of nearly 47.5 trillion VND.

The industrial parks create jobs for nearly 100,000 workers, export between 25 and 27 billion USD each year, and contribute tens of thousands of billions of VND to the state budget. However, recently, the land area in the six industrial parks to attract investment has almost run out.

Nguyen The Hoan, Acting Head of the Thai Nguyen Province Industrial Parks Management Board, said: “With the goal of building Thai Nguyen into a modern industrial center with high average income before 2030, the province has recently focused on directing the Industrial Parks Management Board, relevant departments, branches, localities and investors to urgently deploy the synchronous construction of infrastructure for new industrial parks to create new space and space to attract investment in industrial development.”

Currently, five new industrial parks in the province are being urgently built. A typical example is Song Cong II Industrial Park - Phase 2 with an area of over 296 hectares in Bach Quang and Ba Xuyen wards, with a total investment of nearly 4,000 billion VND; the investor and infrastructure business is Viglacera Thai Nguyen Joint Stock Company.

In just over 9 months since the investment policy was approved (March 2025), the site clearance for Zone II with an area of 120 hectares has been completed. According to Deputy Director of Viglacera Thai Nguyen Joint Stock Company Hoang Nguyen Ngoc, currently on the 120-hectare area of Zone II, the company has mobilized hundreds of motor vehicles and construction equipment to simultaneously construct traffic, electricity, water supply, drainage, wastewater treatment plant, and operator house items. It is expected that by the end of January 2026, the site will be cleared to hand over to secondary investors to build the factory.

Recently, the Thai Nguyen Industrial Parks Management Board and Viglacera Thai Nguyen Joint Stock Company have called for and attracted a number of investment projects in modern, environmentally friendly technology, such as the Huali Vietnam PVC flooring investment project with a capital of 60 million USD, and POSCO Group invested 400 million USD.

Along with speeding up the construction progress of Zone II infrastructure, the site clearance of Zone I of Song Cong II Industrial Park, phase 2 is being carried out by the Thai Nguyen Provincial Land Fund Development Center and relevant localities and units to hand over land to investors as soon as possible.

Five industrial parks are being urgently deployed, including: Song Cong II - phase 2, Yen Binh 3, Yen Binh 2, Thuong Dinh, Phu Binh with a total area of nearly 1,700 hectares, total infrastructure investment capital of more than 25,600 billion VND.

To implement these new industrial parks, the province assigned specific tasks related to site clearance, resettlement, and legal procedures to relevant agencies and units, set out a roadmap and specific timeline for completion; assigned a Vice Chairman of the Provincial People's Committee to be directly in charge of infrastructure investment in industrial parks, to hold weekly and monthly meetings, check progress, grasp arising problems to promptly resolve them, and speed up investment progress in a synchronous manner.

With the view of accompanying industrial park infrastructure investors and secondary investors, Thai Nguyen Industrial Parks Management Board commits to proactively and closely coordinate with investors, departments, branches and relevant localities in site clearance, resettlement, land allocation, perfecting legal regulations, improving procedures, and reducing administrative procedure settlement time from 30 to 70% compared to the deadline.

At the same time, advise the Provincial People's Committee to promptly direct and resolve difficulties and problems arising to speed up the construction progress of new industrial parks, create clean land funds with synchronous infrastructure to hand over to secondary investors to build production and business facilities, actively contributing to the double-digit growth of Thai Nguyen province from 2026.

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