BIN Corporation Proposes Nearly $277 Million Investment to Develop Nam Thang Binh Industrial Park - A Green Industrial Engine in Quang Nam

Quang Nam – March 16, 2024 – The People's Committee of Quang Nam Province has officially granted BIN Corporation a research and project proposal agreement for the Nam Thang Binh Industrial Park. Spanning 325 hectares, the industrial park is expected to receive a total investment of approximately $277 million (nearly VND 7,000 billion). The industrial park is oriented toward an ecological, high-tech, and high value-added development model.

The approval marks a major milestone in Quang Nam’s efforts to expand green industrial infrastructure in its eastern region. It also affirms BIN Corporation’s long-term commitment to supporting the province in building a smart, sustainable, and innovation-driven economy.

Provincial leaders of Quang Nam present the site research agreement to Mr. Le Hung Anh, Chairman of BIN Corporation (second from left).

Nam Thang Binh: Green Industrial Engine in Eastern Quang Nam

Located within the Chu Lai Open Economic Zone, Nam Thang Binh Industrial Park spans 325 hectares and carries an expected investment of approximately $277 million. It boasts a strategic location adjacent to key transport corridors, seaports, airports, and major logistics hubs. Recognized as a “golden land” in the province’s industrial development plan, the site meets all criteria to form a modern and sustainable industrial park.

Convenient transportation connects industrial parks with airports and seaports.

As stated in the recently declared Quang Nam Provincial Planning (2021-2030), with vision to 2050, the province is decentralized into two spatial regions: western region, and eastern region. The active eastern area, where Nam Thang Binh is located, still acts as the driver of development, in which the main activities of the economy, which are focused on, are the industry, trade, services, maritime economy and tourism. The creation of the Nam Thang Binh Industrial Park is also associated with the policy of the region to transform the structure of the economy in the direction of the industrialization, modernization, and green development.

The operating time of 50 years is anticipated to turn Nam Thang Binh Industrial Park into a choice destination place of high-quality industrial investors, especially those who target developing technologies as well as innovating and environmentally friendly production process.

Development Orientation: High-Tech, Eco-Friendly, and Sustainable Value

Nam Thang Binh is master-planned with a strong ecological and low-emission focus, in alignment with both domestic policies and global sustainability trends. The industrial park prioritizes investment in key sectors such as information technology, telecommunications, electronics, advanced silica processing, high-tech materials, as well as the processing of medicinal herbs and agricultural products for export.

Mr. Le Van Dung (far right), Standing Deputy Secretary of the Quang Nam Provincial Party Committee, surveys the investment site with BIN Corporation leaders.

Importantly, the park will not permit industries with high pollution risks, ensuring green standards in both operations and production. The technical infrastructure will be comprehensively developed, including a centralized wastewater treatment system, renewable energy sources (rooftop solar, energy storage), smart internal transport, and fully digital management systems.

BIN Corporation – Global Vision, Local Aspiration

As the proposing and investing entity, BIN Corporation affirms its commitment to developing Nam Thang Binh Industrial Park not merely as an infrastructure project, but as a long-term strategy to transform Quang Nam’s industrial landscape.

Mr. Le Hung Anh, Chairman of BIN Corporation, was born and raised in Quang Nam, a province rich in heritage but still facing many challenges. Having spent nearly 20 years building his career in Ho Chi Minh City and abroad, he expressed deep pride in being trusted by the province to lead this strategic investment.

With an extensive international partner network, Mr. Le Hung Anh believes BIN Corporation has significant advantages in attracting high-tech secondary investors to Nam Thang Binh, generating high value-added and eco-conscious industrial activities.

BIN Corporation headquarters in Ho Chi Minh City

Headquartered in Ho Chi Minh City, BIN Corporation maintains representative offices in Singapore, Hong Kong, Lithuania, Canada, and the United States. The corporation operates across a diverse range of sectors, including corporate governance and financial advisory, information technology and e-commerce, digital marketing and global brand communications, as well as tourism, real estate, and international investment.

Leveraging global connectivity and strategic expertise, BIN Corporation envisions Nam Thang Binh Industrial Park as a future hub of ecological industry, innovation, and international integration in Central Vietnam.

Broader Impact: Jobs – Growth – Sustainable Development

Based on the initial evaluations, Nam Thang Binh Industrial Park can generate thousands of high-quality jobs among the locals and dozens of secondary investors. Besides direct input into the provincial budget, the park will also hopefully generate growth in the supporting industries and greater competitiveness of the region and improvement in the level of life of the residents.

The project also presents the possibility to incorporate sustainable values, such as the circular economy, carbon management, or the adoption of green technologies, in line with the global trends in investment and ESG policies of the most prominent enterprises with the help of its eco-industrial model.

The Nam Thang Binh Industrial Park project - researched and proposed by BIN Corporation - is more than a leap forward in industrial infrastructure. It is a symbol of a new wave of development: socially responsible, environmentally committed, and aligned with the prosperity of the local community.

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For further details, please contact:

NTB Industrial Park

Email: [email protected]

Phone: +84 28 3873 1969

Source: Long Phi. (2024, March 16). BIN Corporation proposes nearly VND 7 trillion to develop Nam Thang Binh Industrial Park in Quang Nam. VOV Central Region.

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