Bin Corporation Group Attends Quang Nam Planning Conference and Receives Investment Study Agreement for Nam Thang Binh Industrial Park

On March 16, 2024, at the Conference to announce the Planning of Quang Nam Province to 2030, with a vision to 2050, Bin Corporation Group was honored to receive the Agreement from the People's Committee of Quang Nam Province to study and propose the development of infrastructure for Nam Thang Binh Industrial Park, with a total proposed al of up to $277 million.

Leaders of Quang Nam Province present the Site Research Agreement to Mr. Le Hung Anh, Chairman of BIN Corporation Group (second from the left).

A Key Event for Quang Nam Province

This major provincial event welcomed the attendance of Deputy Prime Minister Tran Luu Quang, leaders from central ministries, Quang Nam’s Party Committee and People’s Committee, along with over 300 domestic and international enterprises and investors.

At the planning announcement ceremony, Quang Nam approved a number of ventures and research agreements, with a total registered capital exceeding $830 million.

Quang Nam’s Socio-Economic Development Plan

According to the new provincial master plan, Quang Nam will be divided into two distinct development zones:

• The Eastern Region will focus on industrial development, urbanization, services, and coastal tourism.
• The Western Region will prioritize ecological conservation, agriculture, and upland economic development.

The province also aims to build strategic economic corridors connecting key regions via the Da Nang – Quang Ngai Expressway, Ho Chi Minh Highway, and the Chu Lai Airport and Seaport, fostering synchronized and sustainable regional growth.

Quang Nam boasts superb connections thanks to its central location and coastal access

By 2030, Quang Nam aims to achieve an average annual economic growth rate of 8%, reach a per capita GRDP of approximately $7,500, and enhance its overall competitiveness, laying the groundwork to become a centrally-governed city by 2050.

Bin Corporation Group Proposes Investment in Nam Thang Binh Industrial Park

Under the framework of the event, the People’s Committee of Quang Nam Province granted an agreement on studying the investment location to Bin Corporation Group, which plans to invest $277 million in developing the infrastructure of Nam Thang Binh Industrial Park.

This agreement reflects Bin Corporation Group’s capability, experience, and the excellent willingness of Bin Corporation Group in aiding Quang Nam Province in its industrial and economic growth. The project is regarded as an important step toward surveying, planning, and constructing a modern industrial park according to the long term development scheme of the province in main industries, in transportation and logistics, and in region expansion.

A Strategic Location for Regional Connectivity

Nam Thang Binh industrial park is located in Thang Binh District, in the proximity of Da Nang - Quang Ngai Expressway, conveniently accessible to Chu Lai Airport and Chu Lai Seaport—two strategic transport hubs under the Central Vietnam regional economic development plan.

Convenient transportation connects industrial parks with airports and seaports.

The strategic location enables businesses to easily transport goods to both domestic and international markets, not mentioning that it boosted the competitive aspect of Quang Nam region.

The project is expected to create thousands of job opportunities, ject new impulses in the local economy, and provide socio-economic sustainability in the context of Quang Nam Province as well.

Bin Corporation Group’s Long-Term Commitment

Bin Corporation Group is thoroughly dedicated to collaborating closely with the provincial government and other partners to ensure that the research, master planning and  infrastructure development of Nam Thang Binh Industrial Park in the coming period.

By having a long-term strategic vision and proper preparation, Bin Corporation Group is confident that this project will become a model for industrial development and a positive contribution to the wider growth of Quang Nam Province and the Central Vietnam region.

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For further details, please contact:

NTB Industrial Park 

Email: [email protected]

Phone: +84 28 3873 1969

Source: Viet An. (2024, March 18). Quang Nam Province Secures $650 Million in Investments for Port, Industrial Projects. VnEconomy. https://vneconomy.vn/quang-nam-province-secures-650-million-in-investments-for-port-industrial-projects.htm

Vy Bui. (2024, March 19). Quang Nam approves projects worth over $800 million. Vietnam Investment Review. https://vneconomy.vn/quang-nam-province-secures-650-million-in-investments-for-port-industrial-projects.htm

VCCI. (2024, March 27). Quang Nam provincial planning paves way for series of investment projects. https://en.vcci.com.vn/quang-nam-provincial-planning-paves-way-for-series-of-investment-projects