The ASEAN Vietnam Ceramic Valley – one of the projects included in Thanh Hoa province's "green lane" list, helping to shorten administrative procedures and accelerate investment progress. Photo: Tung Lam
The project to invest in the construction and operation of infrastructure in Zones B and C of the Ha Long Industrial Park, with a total investment of up to VND 4,000 billion, is one of 14 projects included in the list of investment memorandums signed at the conference. Viet Hung Group Joint Stock Company – the project's investor – aims to develop a green, smart, high-tech industrial park, targeting investors who utilize advanced technology, modern equipment, smart materials, optimize production efficiency, and reduce the use of unskilled labor.
Speaking on the sidelines of the conference, Mr. Ninh Van Suc, Chairman of the Board of Directors of Viet Hung Group Joint Stock Company, said: “Immediately after signing the memorandum of understanding, the company will coordinate with the local authorities, the Nghi Son Economic Zone Management Board and the provincial industrial parks to focus on completing legal documents and procedures related to land and construction investment to soon implement the project. The goal set by the company is to start construction by the end of the first quarter of 2027.”
According to Mr. Suc, what gives businesses more confidence in deciding to proceed with the project is the attention of the provincial leadership, the proactive investment in infrastructure, and the increasingly clear mechanisms and policies supporting investment attraction. Along with the investment procedures, based on the existing network of partners, customers, and investor data, businesses expect to simultaneously promote the potential, policies, and investment opportunities, accelerating the process of attracting more high-quality capital.
At this conference, WHA Industrial Zone Thanh Hoa Joint Stock Company also signed a memorandum of understanding to invest in four additional industrial park infrastructure projects in the province, including: Thieu Quang Industrial Park, Thieu Hoa Industrial Park, phase 2 of WHA Smart Technology 1 - Thanh Hoa Industrial Park (part of Phu Quy Industrial Park) and phase 2 of WHA Smart Technology 2 - Thanh Hoa Industrial Park (part of Giang Quang Thinh Industrial Park).
According to Mr. Dispong Pornchanoknart, Country Director of WHA Vietnam, this memorandum of understanding is an important first step, creating a foundation for businesses to accelerate the realization of investment plans in Thanh Hoa. WHA has assigned a dedicated team to closely coordinate with relevant agencies, ensuring that the project development and planning process is implemented on schedule.
“We believe that, in the long term, Thanh Hoa will become an important growth pole for Vietnam. This is perfectly aligned with WHA’s long-term investment strategy in Vietnam. We are not just looking at short-term benefits, but at sustainable long-term development. Therefore, Thanh Hoa will be a strategically important location for WHA as well as for Vietnam in the future,” Mr. Dispong Pornchanoknart emphasized.
At the conference, many large corporations and companies investing in Thanh Hoa highly appreciated the province's development potential, geographical location, population size, and increasingly synchronized infrastructure. In particular, the improved investment and business environment, becoming more open, transparent, and professional, has further strengthened business confidence. Many investors acknowledged the attention and support of the provincial leaders and departments in resolving obstacles related to land, procedures, mechanisms, and policies; they also requested the province to continue administrative reforms, improve infrastructure, and enhance competitiveness to successfully attract high-quality capital flows in the future.
According to Mr. Nguyen Canh Hong, General Director of Eurowindow Joint Stock Company, with an increasingly synchronized transportation infrastructure system, the Nghi Son Economic Zone continues to play an important industrial driving role, FDI capital flows maintain a positive growth momentum, and the urbanization rate reaches approximately 40.55%, opening up great potential for urban development, housing, and high-quality real estate projects in Thanh Hoa.
“However, to more effectively exploit these potentials, Thanh Hoa continues to promote institutional reforms in a more substantive direction; shorten processing times by 30-50%; effectively apply the “one-stop” mechanism in handling applications; and publicly and digitally disclose planning information to create transparency and long-term stability for investors. Along with that, the province needs to prioritize investment in synchronous infrastructure connecting industrial parks, urban areas, and seaports; develop modern logistics; and at the same time, have policies to select and attract strategic investors with sufficient capacity to form large-scale projects and create breakthrough values,” Mr. Hong said.
During the 2026-2030 period, Thanh Hoa province aims to attract over 100,700 billion VND in investment for the development of infrastructure in 24 industrial parks and 29,753 billion VND for the development of infrastructure in 81 industrial clusters. The province also expects to attract a series of large-scale projects in diverse fields such as: the Southeast Urban Area in Quang Phu ward with a total investment of 120,000 billion VND; the Yen My Lake Ecological Zone with a total investment of 32,000 billion VND; and especially many projects in new fields such as: the Nghi Son LNG Thermal Power Plant with a total investment of 58,000 billion VND; the Nghi Son LNG Storage Facility with a total investment of 15,000 billion VND; the AI Data Center project with a total investment of up to 12,500 billion VND; and chemical projects in cooperation with Nghi Son Refinery and Petrochemical Company Limited, such as the NH3 solution recovery and production project; and the carbon black production project...
To succeed on its journey as a destination, as emphasized by Prime Minister Pham Minh Chinh at the Thanh Hoa Provincial Investment Promotion Conference in 2026, in addition to its existing natural advantages, Thanh Hoa still needs a new "arrangement" in thinking and approach. This "arrangement" begins with good development management, from planning with a long-term vision spanning hundreds of years to placing people at the center, as both the subject and the driving force of development, and a determination to maximize the unique potential, outstanding opportunities, and competitive advantages of the locality... And above all, it requires the "readiness to act" of the government and the "pioneering spirit of businesses" based on "harmonious benefits and shared risks".
When trust is built upon clear commitments and concrete steps, new avenues for development will continue to open up, enabling Thanh Hoa to steadily rise and become a dynamic and sustainable growth hub!
Tung Lam
Source: https://baothanhhoa.vn/mo-loi-cho-dong-von-moi-283419.htm
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