The impressive figure was due to special preferential policies and the area’s proximity to seaports and Cat Bi Airport in neighbouring Hai Phong.
Thai Thuy District’s Deputy Secretary Do Van Hien said the district handed over 588 hectares of cleared land to the infrastructure investor Green i-Park within just one year to allow the company to carry out construction work.
According to Green i-Park General Director Bui The Long, Lien Ha Thai Industrial Park is taking a pioneering role in attracting investment in electronics and environmentally friendly industries in the Thai Binh Economic Zone.
To date, the park has attracted seven projects from Singapore, Taiwan (China) and the Republic of Korea. The most prominent of which is a 120-million-USD project by LOTES, which manufactures electronic components.
Construction of the project is scheduled to begin after the 2023 Lunar New Year and completion is expected within one year.
Thai Binh Economic Zone, which covers a total area of 30,000 hectares in the districts of Thai Thuy and Tien Hai, is expected to become an economic driver of Thai Binh Province in the coming years.
