Large-scale project with long-term strategic vision

Covering a total area of 645.2 hectares, the Thang Long Thanh Hoa Industrial Park will be developed in four phases. The initial phase, spanning approximately 167 hectares, includes Dong Yen and Dong Van Communes in Thanh Hoa City, as well as Dong Tien and Dong Thang Communes in Trieu Son District. With site clearance scheduled for completion by September 2025, construction is expected to commence shortly thereafter, marking a significant step forward for the project.

With a total investment of nearly VND 3,000 billion (approximately USD 118 million), including approximately VND 438 billion in investor equity (15%), Thang Long Thanh Hoa Industrial Park represents a bold and strategic commitment to regional development. Spanning a planned operational period of 50 years, the park is on track for completion by December 2027. Upon commencement, it is expected to attract 50 to 250 secondary investors and generate employment for an estimated 13,000 to 40,000 workers, significantly benefiting both Thanh Hoa and neighboring provinces.

More than just an industrial zone, Thang Long Thanh Hoa Industrial Park is poised to become a driving force in shaping the future of the western part of Thanh Hoa City - establishing it as a vibrant, innovation-driven center for high-tech manufacturing, supporting industries, trade, and services. This development marks a pivotal step in accelerating the city’s economic transformation and enhancing its regional competitiveness.

 Strong commitments from the investor

During a working session with provincial leaders, Mr. Kenta Kawanabe, General Director of Thang Long Industrial Parks, expressed deep appreciation for Thanh Hoa’s dynamic socio-economic growth and its forward-looking, investor-friendly policies. He emphasized that Sumitomo Corporation is unwavering in its commitment to the Thang Long Thanh Hoa Industrial Park, pledging to mobilize both human and financial resources to ensure the project is executed on schedule and in full compliance with the highest standards of infrastructure quality and operational excellence.

To facilitate project implementation, Sumitomo has requested the province’s support in several key areas, including: Environmental impact assessment procedures; Appraisal of the feasibility study report and basic design; Infrastructure connection agreements (transportation, electricity, water supply, drainage, telecommunications); Fire safety approvals; Construction permits; Procedures for the 110kV power line to synchronize with infrastructure development.

Mr. Kawanabe also extended his gratitude to the provincial leaders for their timely support and approvals, reiterating Sumitomo’s strong commitment to delivering the project on schedule and to the highest standards - underscoring the corporation’s confidence in Thanh Hoa as a strategic investment destination.

Thanh Hoa - A committed partner to investors

During the investment certificate handover, Mr. Nguyen Van Thi, Permanent Vice Chairman of the Thanh Hoa Provincial People’s Committee, commended Sumitomo’s dedication and capacity to implement the project. He emphasized that the province considers Thang Long Thanh Hoa Industrial Park as a strategic driver of economic growth in the western part of Thanh Hoa City and will give the project top priority and ensure the highest level of support to facilitate its smooth and timely implementation.

The Vice Chairman also directed relevant departments and local authorities to work in close coordination with the investor, guiding them through legal procedures and ensuring the project enters the implementation phase promptly and effectively.

Vision for next-generation industrial development

Alongside the ongoing WHA Smart Technology Industrial Park project by WHA Group (Thailand), the Thang Long Thanh Hoa Industrial Park will play a pivotal role in shaping a modern industrial ecosystem in Thanh Hoa - where synchronized infrastructure, high-quality services, and transparent, investor-friendly policies come together to create an enabling environment for sustainable growth.

These large-scale infrastructure initiatives not only reinforce Thanh Hoa’s position as an emerging growth pole in the North Central region but also enhance its international competitiveness, preparing the province to attract high-quality foreign direct investment in the next development phase.

Vietnamese Sources: Thanh Hoa Newspaper; Thanh Hoa Provincial E-Portal