Deputy Prime Minister Tran Hong Ha has signed a decision approving the investment policy for the project of construction and infrastructure business of Yen Binh 3 Industrial Park, Phu Binh district, Thai Nguyen province. The total investment capital of the project is over 4,100 billion VND.
Nearly 300 hectares, adjacent to Yen Binh 2 Industrial Park
Yen Binh 3 Industrial Park has a total area of nearly 300 hectares. The project is located in the two communes of Diem Thuy and Nga My, Phu Binh district. One side of the industrial park is adjacent to Yen Binh 2 Industrial Park.
The total investment capital of the project reaches over 4,100 billion VND. In which, the investor contributes over 620 billion VND.
The project has an operating period of 50 years. Once operational, the industrial park is expected to create jobs for about 30,000-35,000 workers.
Orientation for a multi-industry industrial park
Based on the 1/2000 scale construction zoning plan, Yen Binh 3 is oriented to develop into a multi-industry industrial park. The industrial park will prioritize attracting projects and products in the fields of high technology, information technology, mechanical engineering, as well as forestry product exploitation and processing.
Project investor
The investor is BMK Group Joint Stock Company. The enterprise was established in 2020, with its main field of operation being real estate business. BMK Group has strengths in investing in industrial clusters in Thai Binh, Thai Nguyen, and Bac Giang provinces.
Thai Nguyen's industrial landscape
Currently, Thai Nguyen province has 6 industrial parks, of which 5 are already in operation. As of the end of 2024, the industrial parks in the province have 317 valid investment projects. Among these, 178 projects belong to foreign investors with a total registered capital of nearly 11 billion USD.
According to the provincial planning for the 2021-2030 period, the land fund reserved for industrial development in Thai Nguyen is over 6,000 hectares. About 70% of this area is reserved for industrial parks, and the rest is for industrial clusters.
Prospects of the industrial real estate market
Over the past year, industrial real estate continued to grow and maintained its leading position in the market. Entering 2025, the supply of this segment is expected to be more abundant as many industrial parks across the country are licensed and started. According to Avison Young, industrial land rental prices in key markets in the North and South could increase by 2-5% per quarter.
