Knowledge center

Industrial Real Estate - Binh Thuan starts construction of Son My I Industrial Zone with an area of over 1000 hectares

On the afternoon of August 30, Prime Minister Pham Minh Chinh, Vice President Vo Thi Anh Xuan, Vice Chairman of the National Assembly Tran Quang Phuong and the delegation pressed the button to start the construction of Son My I Industrial Zone at Ham Tan district, Binh Thuan province.

Some general information about Son My Industrial Zone I

• Project name: Son My I
• Owner: Son My industrial zone Infrastructure Business and Construction Investment Company Limited (“IPICO”)
• Location: Hamlet 3, Son My commune, Ham Tan district, Binh Thuan province
• Area: 1,070 hectares
• Commencement of construction: August 30, 2022

Specifically, Son My I Industrial Zone owns a strategic location, 90 km south of Phan Thiet, directly connecting arterial roads (such as national highways 1A, 55, Dau Giay - Phan Thiet expressway), easily accesses to air, domestic and international waterway infrastructure, is the gateway linking with the key economic regions in the South.

Son My I Industrial Zone is planned to use as factory land; service center area; technical infrastructure focal point; green land and water surface. In which, there are two prominent gas power plants Son My 1, Son My 2 which are built on an estimated area of 200 hectares with a total capacity of 4,500 MW; the LNG gas terminal with area of 100 hectares; and land for factories and enterprises with area of more than 430 hectares. Besides, Son My I Industrial Zone has more than 30% of the land area for technical infrastructure works, green areas, water surface as well as operating offices, utility works, etc. In addition, the project also has a division specializing in the production of auxiliary equipment for the development of green energy industries (wind power, solar power) and many other items.

Son My I Industrial Zone is invested by Son My Industrial Zone Infrastructure Investment and Construction Company Limited. According to the previous investment registration certificate, the project has a total capital of about 2,300 billion VND, but over time, the cost of compensation and resettlement support has big fluctuations. After completing the detailed design, the total project investment is about 9,000 billion VND.

Orientation for Son My Industrial Zone I

Speaking at the groundbreaking ceremony, Prime Minister Pham Minh Chinh emphasized, Binh Thuan needs to rely on three factors which are people, nature and history of the land for green development; attracting investment in green energy, renewable energy and processing and manufacturing industries.

According to the orientation, Son My I Industrial Zone will focus on energy and be invested and developed as the first smart and environmentally friendly Industrial Zone in Binh Thuan as well as the South Central Coast. On the journey of sustainable development, Son My I Industrial Zone pioneered in implementing the Government's commitment at COP26 with specific and drastic actions such as prioritizing attracting high-tech industries, clean industry, low emission of greenhouse gases and gradually reduce the use of fossil energy to switch to green energy sources, new energy such as wind power, solar power and LNG power.

With the goal of attracting large-scale projects with a total investment of up to billions of USD, Son My I Industrial Zone is expected to become the center of economic development for Binh Thuan province as well as neighboring areas; at the same time bring thousands of job opportunities for workers; contribute to improve the quality of life for the community and create breakthrough growth for Binh Thuan province in the future.

Tran Thi Ngoc Ly (Paralegal)