Billionaire Tran Ba Duong's Thaco Group is stepping up investment in Binh Duong . Photo: Quynh Danh.
At the recent 22nd session (special session), Binh Duong Provincial People's Council approved the 1/5,000 scale master plan for the Bac Tan Uyen 1 Industrial Park.
This is a specialized mechanical industrial park invested by Thaco Group with a total capital of over 26,000 billion VND (over 1 billion USD).
This industrial park is located in Binh My commune, Tan Lap commune (Bac Tan Uyen district) and Hoi Nghia ward (Tan Uyen city), with a planned area of 786 hectares.
At a working session with leaders of Binh Duong province in March, Chairman of the Board of Directors of Thaco Group, Mr. Tran Ba Duong, expressed his wish for local support to speed up the implementation progress, so that the project could start in September.
When completed and put into operation, the industrial park can create about 32,000 jobs, contributing significantly to local economic growth and meeting employment needs in the context of economic model transformation.
Also at this session, the Binh Duong Provincial People's Council passed 7 other important resolutions. These include the task of general planning for the new urban areas of Tan Lap and Binh My until 2040; deciding on the investment policy for the project to build a road along the Saigon River from National Highway 13 near Vinh Binh canal to Vinh Phu 40 road...
Last year, Binh Duong's GRDP reached VND520,205 billion, ranking third in the country, after Ho Chi Minh City and Hanoi. Binh Duong also surpassed Hanoi to become the second largest foreign capital attraction in the country with a total registered capital of USD43 billion. The total state budget revenue in the province reached more than VND71,000 billion, exceeding 10% of the Prime Minister's estimate and equal to 100% of the estimate assigned by the Provincial People's Council.
Source: https://znews.vn/thaco-sap-rot-hon-1-ty-usd-xay-khu-cong-nghiep-o-binh-duong-post1545527.html
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