DTiNews
  1. VIETNAM TODAY

Thanh Hoa seeks USD 24bn investment across 173 projects

Thanh Hoa Province plans to attract investment for 173 projects worth about USD 24 billion between 2026 and 2030, with a focus on renewable energy and infrastructure.

Authorities in Thanh Hoa said the project list will be unveiled at an investment promotion conference scheduled for March 28-29, expected to draw around 800 domestic and international delegates.

Thanh Hoa seeks USD 24bn investment across 173 projects - 1

Thanh Hoa is calling for investment in a series of wind power projects (Illustration: Doan Cong).

The portfolio spans six key sectors. In manufacturing and processing, 23 priority projects are planned in industrial parks and clusters, with total investment exceeding VND 37 trillion (about USD 1.45 billion). Major proposals include Dong Vang Industrial Park and a petrochemical and advanced plastics production complex.

Infrastructure and urban development account for 52 projects worth more than VND 300 trillion (about USD 11.8 billion). Notable schemes include a large urban area in Quang Phu Ward valued at VND 120 trillion (about USD 4.7 billion) and a residential and resettlement project in Nguyet Vien Ward worth VND 50 trillion (about USD 2 billion).

The province has also prioritised 30 projects in energy, environment and chemicals. These include the Nghi Son LNG power plant, with investment of VND 58 trillion (about USD 2.3 billion), and an LNG storage facility worth VND 15 trillion (about USD 590 million), alongside chemical projects linked to the Nghi Son Refinery and Petrochemical Plant.

Renewable energy features prominently, with seven wind power projects valued at trillions of dong each, including developments in Nghi Son, Muong Lat and Hoang Hoa. In addition, seven solar power projects with a combined capacity of about 345MW are being promoted, requiring more than VND 13.8 trillion (around USD 540 million) in investment.

A waste-to-energy plant in Sao Vang Commune, with total investment exceeding VND 1.2 trillion (about USD 47 million), is also included in the list.

To attract investors, Thanh Hoa is offering incentives such as land rent support, import-export tax preferences and targeted subsidies. These include infrastructure support of up to VND 20 billion (about USD 780,000) per industrial cluster, and up to VND 2 billion (about USD 78,000) for industrial projects in mountainous areas, along with support for maritime transport through Nghi Son Port.

More news
Loading...