Amid nationwide celebrations marking the 80th anniversary of the August Revolution (August 19, 1945 – August 19, 2025) and the 80th National Day of the Socialist Republic of Vietnam (September 2, 1945 – September 2, 2025), Yen Binh Investment and Development Corporation held a solemn ceremony on the morning of August 19, 2025, to inaugurate and break ground for the Yen Binh 2 Industrial Park Infrastructure Investment Project, with a total investment exceeding VND 3.65 trillion.
The ceremony was attended by Mr. Tran Van Son, Member of the Party Central Committee, Minister and Chairman of the Government Office, along with leaders of various departments under the Government Office. Representing Thai Nguyen province were Mr. Trinh Viet Hung, Alternate Member of the Party Central Committee and Secretary of the Provincial Party Committee; Mr. Luong Duc Thang, Standing Committee Member and Head of the Provincial Party Committee’s Internal Affairs Commission; Mr. Vu Duy Hoang, Standing Committee Member and Standing Vice Chairman of the Provincial Fatherland Front Committee; Mr. Pham Van Tho, Standing Committee Member and Director of the Department of Industry and Trade; Ms. Mai Thi Thuy Nga, Vice Chairwoman of the Provincial People’s Council; Ms. Nguyen Thi Loan, Vice Chairwoman of the Provincial People’s Committee, along with leaders of provincial departments, local authorities from Van Xuan, Pho Yen, and Diem Thuy, representatives of business associations, consulting units, and construction contractors.
Mr. Tran Van Son, Minister and Chairman of the Government Office, presented flowers to congratulate the event.
Mr. Trinh Viet Hung, Secretary of the Thai Nguyen Provincial Party Committee, presented congratulatory flowers on behalf of the Provincial Party Committee, People’s Council, People’s Committee, and Fatherland Front.
Covering nearly 300 hectares, the Yen Binh 2 Industrial Park Infrastructure Project represents an investment of VND 3.65 trillion. Its objective is to develop and operate industrial park infrastructure while offering related services. The project is expected not only to address the growing demand for industrial land in northern Vietnam but also to act as a catalyst for economic growth, attracting further investment, generating employment, and fostering economic restructuring at the local level. Once operational, the project is projected to create approximately 23,000 jobs and attract key industries such as manufacturing, supporting industries, technical infrastructure, water and waste treatment, logistics, and real estate leasing, including factories and warehouses—forming a comprehensive, modern industrial ecosystem.
Mr. Hoang Van Duong, Chairman of the Board of Yen Binh Development Investment Joint Stock Company, spoke at the groundbreaking ceremony of the Yen Binh 2 Industrial Park project.
Mr. Hoang Van Duong stated that Thai Nguyen is strategically located near Hanoi and other key economic hubs, making it an increasingly attractive destination for both domestic and foreign investors. He highlighted that the occupancy rate at industrial parks is very high, playing a crucial role in providing land for manufacturing enterprises, boosting the development of supporting industries, and creating a dynamic and favorable business environment. He expressed confidence that, “Yen Binh 2 Industrial Park, along with Yen Binh Industrial Park, will grow strongly and become a key highlight on the national industrial map.”
Scene from the Groundbreaking Ceremony of the Project
The project is planned with a vision of modern, green, and sustainable infrastructure, positioning Thai Nguyen as an emerging hub for advanced industrial production in the region. Established in early 2013 with a total area of 400 hectares, Yen Binh Industrial Park has since been largely completed, attracting over 40 investment projects with total registered capital approaching USD 9 billion, and generating employment for more than 60,000 workers, including around 30,000 local laborers. Over the years, Yen Binh has drawn major enterprises, most notably Samsung, which entrusted the park with significant investment from the outset. To date, Samsung has invested over USD 7.5 billion, making Yen Binh a leading overseas production base for its mobile phone division. Alongside other major investors such as DBG, Sunny Opotech, KHVatec, and Trina Solar, the park has evolved into a high-tech industrial zone, recognized as one of the most reliable and attractive destinations for investors.
Minister and Chairman of the Government Office, Tran Van Son, Secretary of the Thai Nguyen Provincial Party Committee, Trinh Viet Hung, Chairman of the Board of Yen Binh Development Investment JSC, Hoang Van Duong, along with other delegates, press the button to kick off the Yen Binh 2 Industrial Park project.
The delegation from the Suzhou Business Association and Chinese investors attended the groundbreaking ceremony of the Yen Binh 2 Industrial Park.
