The attraction of Lien Ha Thai Industrial Park

With its geographical location, convenient transportation, synchronous and modern infrastructure investment and large available clean land, Lien Ha Thai Industrial Park (IP) is fully meeting the requirements of large domestic and foreign investors. These are factors that help Lien Ha Thai IP attract many large projects with a total investment of nearly 1 billion USD. At the same time, it creates favorable conditions for secondary investors to deploy construction and put factories into production quickly and effectively.

Manufactured at Ohsung Vina Thai Binh Factory (Lien Ha Thai Industrial Park).

Ohsung Vina Thai Binh (Ohsung Vina Co., Ltd.) is the first factory to start production in Lien Ha Thai Industrial Park from August 2022. The factory has a total investment of 40 million USD, specializing in the production of engine components (motors) for fans of electronic devices, household appliances, refrigeration such as air conditioners, refrigerators, microwave ovens... and manufacturing components for LED screens and OLED TVs of LG Group Korea. In order to put the factory into effective operation, in recent times, in addition to focusing on accelerating the progress of construction and completion of technical infrastructure of the factory and auxiliary works, Ohsung Vina Co., Ltd. has proactively developed plans, arranged, installed machine systems, recruited, and trained a team of workers and technical staff. Currently, the factory is in a stable production operation phase, creating jobs for nearly 300 workers with an income of 8 - 12 million VND/person/month.

Ms. Nguyen Thi Minh, a worker at Ohsung Vina Thai Binh factory, shared: I have been working at the factory since it first started production. I chose to work here because it is close to home, and compared to workers in other fields and professions, working at electronic component factories has a higher and more stable salary. Currently, my income is about 9 million VND/month. Not only me but many other workers from Thai Thuy district are also working here. I hope that not only Ohsung Vina Thai Binh factory but also many other large factories in Lien Ha Thai Industrial Park will soon start production to create more jobs and stable income for workers, especially local workers.

Mr. Park Ki Won, General Director of Ohsung Vina Thai Binh Co., Ltd. said: Lien Ha Thai Industrial Park has a very convenient geographical location and traffic, the infrastructure is invested synchronously and modernly, especially meeting the requirements of a large enough clean area for investors. These are important factors for the Company to choose to invest here as well as to soon develop and put the factory into production (in just 8 months). During the production process, the Company received attention and support from the provincial and district authorities and the Lien Ha Thai Industrial Park infrastructure investors in connecting and training human resources, thereby helping the factory to operate stably. The goal of the factory in the coming time is to strive to reach a maximum design capacity of 150 million products/year, creating jobs for about 2,500 workers.

Although newly put into operation, Lien Ha Thai Industrial Park has attracted 7 large-scale secondary projects with a total registered investment capital of 731 million USD, of which 3 projects have been put into stable production, including: Ohsung Vina Thai Binh factory project (Korea); Lotes Vietnam factory project (Taiwan) operating from January 2023, specializing in the production of electronic components such as ram pins, cables for computers and other metal products, with a total investment of 120 million USD; JingYang Electric project (Korea) started operating in early April 2023, specializing in the production of PCB circuit boards with a total investment of 21 million USD. In addition, approved investment projects have been and are implementing factory construction at a very fast pace to soon start production and business operations, such as: Greenworks Thai Binh factory project (USA), starting construction in February 2023, specializing in manufacturing smart gardening machines with a total investment of 200 million USD; Nam Tai factory project (Singapore), starting construction at the end of 2022, building a fashion design center and factory for rent with a total investment of 80 million USD. Currently, Green i-Park Joint Stock Company (infrastructure investor of Lien Ha Thai Industrial Park) is working with more than 10 investors from Japan, Korea, Italy, France, Taiwan to call for investment in projects with a total registered capital of up to 2 billion USD.

Lien Ha Thai Industrial Park's infrastructure is invested synchronously and modernly.

Mr. Nguyen Minh Hung, Chairman of the Board of Directors of Green i-Park Joint Stock Company, shared: Attracting the world's leading enterprises to invest in Lien Ha Thai Industrial Park is one of our aspirations and missions. Over the past two years, along with focusing financial resources on investing in industrial park infrastructure, the Company's Board of Directors has made efforts to build, seek partners, and promote investment attraction. Green i-Park is very excited to invest in Thai Binh and has received active and practical support from the Provincial Party Committee, Provincial People's Committee, and Thai Thuy District in the process of project implementation, especially accompanying investment promotion and attracting FDI enterprises to invest in Lien Ha Thai. The participation of provincial and district leaders has also created more confidence for foreign investors to bring large projects to Thai Binh.

Currently, Lien Ha Thai Industrial Park is the leading industrial park in attracting FDI capital of the province and has become a green industrial park in terms of landscape and clean in terms of technology. In recent times, along with the task of clearing the land with an area of nearly 600 hectares, the construction of infrastructure in the industrial park has also been accelerated by Green i-Park Joint Stock Company and achieved positive results. Up to now, the Company has completed the construction of a series of internal roads; leveled nearly 2,000,000m ³ ; completed the construction of module 1 wastewater treatment plant with 5,000m ³ / day and night and synchronous infrastructure works of the industrial park... In addition, Lien Ha Thai Industrial Park also plans about 100 hectares of land fund to build workers' housing for secondary investors, to ensure conditions for eating, living and working on site for the workforce. This helps businesses have many advantages in recruiting and retaining high-quality human resources for long-term commitment to their businesses. Currently, Green i-Park Joint Stock Company and contractors are actively implementing the construction of industrial park infrastructure, determined to strive to complete works and items to ensure quality in order to promote the attraction of secondary projects as well as soon realize the image of a model industrial park of the province.

Tran Tuan

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