The factory will specialise in manufacturing high-end ceiling fans and related components, including motors and fan blades made from metal, wood, and plastic.
With a total investment of over 3 trillion VND (approximately 120 million USD), the project covers an area of 15.6 hectares.
In phase one, the facility will produce 2.8 million ceiling fans, 800,000 fan motors, and 1.2 million fan blades annually. Phase two will add another 1.4 million ceiling fans, 400,000 motors, and 600,000 blades per year.
Construction of phase one is expected to be completed by the third quarter of 2025, followed by machinery installation and trial operations, with full-scale production starting in the fourth quarter of 2025. Phase two will commence in the first quarter of 2028 and is slated for completion by the third quarter of 2028, with operations beginning in the fourth quarter of the same year.
Lien Ha Thai Industrial Park is a flagship project in Thai Binh’s strategy for green and smart industrial development, aimed at attracting reputable foreign investors. To date, the park has drawn 15 projects with a total investment of around 1.5 billion USD, mainly sourced from foreign direct investment (FDI).
Thai Binh has emerged as a leading destination for FDI, ranking fifth nationwide in 2023 with FDI inflows of 3 billion USD. Despite challenges, the province attracted another 1 billion USD in FDI in 2024.
