Resolving Challenges and Speeding Up Progress

Following the directive of the People’s Committee of Thai Nguyen Province, local authorities are actively addressing difficulties and accelerating the land clearance process for the Yen Binh 3 Industrial Park (IP) project in Phu Binh District. Covering 295.34 hectares with a substantial investment, the project is expected to drive strong socio-economic development in the region.

During recent meetings with the Phu Binh District People’s Committee, provincial leaders emphasized the strategic importance of the project in attracting foreign direct investment (FDI), creating local jobs, and promoting sustainable economic growth in Thai Nguyen. To ensure timely land handover, authorities have implemented a comprehensive directive from provincial to local levels, mobilizing the Phu Binh District Land Development Center, various organizations, and local political systems.

Currently, land surveys, asset assessments, and ownership documentation in Diem Thuy and Nga My communes are being actively conducted. By March 2025, the Phu Binh District People’s Committee is expected to issue land acquisition decisions and approve compensation rates, ensuring transparent, lawful, and fair compensation policies.

Ms. Nguyễn Thị Loan, Vice Chairman of the Provincial People’s Committee, chaired a meeting to discuss solutions for accelerating compensation, land clearance, and resolving obstacles in the implementation of investment projects within the province.

Public Support – A Project Bringing Real Benefits

A positive development is the high level of public support for the project. Through awareness campaigns and direct dialogues, most households recognize the long-term benefits of Yen Binh 3 Industrial Park, not just for provincial development, but also for improving their own livelihoods.

Many local residents express their expectations for the project, as it will:
✅ Create thousands of stable jobs for local workers.
✅ Upgrade infrastructure such as roads, electricity, and water supply, enhancing overall living conditions.
✅ Expand service industries, fostering business opportunities and economic growth.

Experience in Thai Nguyen has demonstrated that major industrial zones have successfully attracted billions of dollars in FDI, transforming the economic landscape. Given Yen Binh 3 Industrial Park’s strategic location within the Northern Key Economic Zone, near Noi Bai International Airport and major highways, the project is poised to become a prime investment destination for multinational corporations.

The local community expresses strong consensus and support for the Party’s policies and the State’s legal framework in the development of the Yen Binh 3 Industrial Park project.

BMK Group – Partnering with Authorities and Communities

As the developer of Yen Binh 3 Industrial Park, BMK Group is committed to working closely with local authorities to accelerate land clearance while ensuring a balanced approach that benefits the government, businesses, and local residents.

🏗️ Supporting authorities in resolving challenges and ensuring timely land handover.
🏭 Attracting strong manufacturing enterprises to create long-term employment.
👥 Listening to and assisting affected households, ensuring compliance with legal regulations.

With decisive government action, strong community support, and BMK Group’s commitment, Yen Binh 3 Industrial Park is on track to become a model industrial zone, attracting investment and promoting sustainable development in Thai Nguyen.

📢 We believe that this is not just an economic project but also an opportunity to improve the quality of life for the local community, ensuring long-term stability and prosperity.