Nam Thang Binh Industrial Park – Subzone B Ready for Groundbreaking as Scheduled

The Nam Thang Binh Industrial Park Infrastructure Investment Joint Stock Company (a member of the BIN Corporation ecosystem) officially announces the progress of the Investment Project for Construction and Business of Infrastructure for Nam Thang Binh Industrial Park - Subdivision B.

Rendering of the Nam Thang Binh Industrial Park - Subdivision B Project

1. Project Scale and Key Milestones

The project is developed on an area of 346 hectares in Thang Dien and Thang Truong communes, with a total Phase 1 investment of over VND 3,373 billion. We are closely coordinating with local authorities to complete all necessary procedures, targeting a groundbreaking ceremony on December 19, 2025. This groundbreaking date holds special significance, contributing to the celebration of the 14th National Party Congress.

2. Commitment and Concrete Actions from Danang City Authorities

On November 28, during an inspection of the project’s implementation progress, Mr. Phan Thai Binh, Vice Chairman of the Da Nang City People’s Committee, affirmed that the city would closely accompany and support the investor to ensure that Nam Thang Binh Industrial Park – Subzone B is commenced on schedule on December 19, 2025.

The Da Nang City People’s Committee has also instructed relevant departments and agencies to urgently review and complete key legal procedures in accordance with specific timelines:

• Before December 7: Complete the submission and issuance of the Land Allocation Decision.
• Before December 10: Finalize all procedures for forest liquidation and issue the land recovery notice.
• Before December 15: Grant the Construction Permit.

The timely support and close coordination from the Da Nang City authorities serve as an important source of motivation for Nam Thang Binh Industrial Park. This strong partnership also provides a solid foundation for the project to be implemented on schedule, ensuring the groundbreaking proceeds in line with the established timeline. 

Mr. Phan Thai Binh, Vice Chairman of the Danang City People's Committee, requested relevant units to accelerate the project's implementation progress.

3. Investment Attraction Strategy and Sustainable Development Orientation for Nam Thang Binh Industrial Park

In its role as the project developer, Nam Thang Binh Industrial Park Infrastructure Investment Joint Stock Company clearly defines the development philosophy for Nam Thang Binh Industrial Park – Subzone B, aiming to build a modern, efficient industrial park with a long-term sustainable development orientation.

• Green and Sustainable Development: The project prioritizes the attraction of enterprises applying advanced technologies and modern production lines to minimize emissions and improve resource efficiency. In parallel, the developer is oriented toward the development of on-site renewable energy sources, such as rooftop solar power, thereby creating a competitive “green” advantage for enterprises, particularly export-oriented businesses.
• Key Target Industries: Subzone B focuses on attracting high value-added industries, including information technology, telecommunications, and electronics; deep processing of silica-based products; as well as herbal medicine and agricultural products for export. These sectors are aligned with industrial restructuring trends and the region’s sustainable development orientation.
• Investor Diversification: Subzone B aims to attract both foreign direct investment (FDI) and domestic investors, contributing to stable job creation for the local workforce, promoting socio-economic development, and increasing local budget revenues.

4. Current Preparations & Long-term Vision

Currently, the investor is actively cooperating in compensation, support, and resettlement for approximately 400 affected households, ensuring the legitimate rights and interests of the people.

Nam Thang Binh Industrial Park – Subzone B has an operating term of up to 70 years and is being developed as a synchronized, modern, and ecologically oriented industrial park, integrating renewable energy to deliver comprehensive solutions including factories, warehouses, and technical infrastructure, meeting the diverse long-term needs of investors.

The project is being implemented in Thang Dien and Thang Truong communes, Danang City (formerly Thang Binh district, Quang Nam province) on a scale of 346 hectares.

We firmly believe that with thorough preparation, a clear vision, and resolute support from the authorities, Nam Thang Binh Industrial Park - Subdivision B will soon become a key economic driver for the southern part of Danang City, while making a positive contribution to the overall development of the Central Key Economic Region.

*Source: Investor Newspaper - The Official Electronic Magazine of the Foreign Investment Business Association

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