The Prime Minister has approved the Thai Binh economic zone master plan in the northern province of Thai Binh till 2040, with visions toward 2050.
The plan aims to maximize the natural conditions and location in connecting economic, trade and service with neighboring areas, develop economics in line with ensuring national defense, security and preserving and upholding the value of marine ecosystems, historical and cultural relics in the region. The Thai Binh economic zone will become a complex and multidisciplinary economic zone, giving priority to developing industries that can take advantages of the region’s potentials in fields of natural gas and resources and connecting with other economic zones and industrial parks in the Red River Delta.
The economic zone heads to promote the development of agricultural and aquaculture sectors as well as develop urban, service and tourism.
Thai Binh economic zone, located on the area of 30,583 ha, includes 30 communes and one town in the districts of Thai Thuy and Tien Hai.
By 2040, functional areas of the economic zone will be built on the area of 21,000 ha and is home to 300,000 people with the proportion of urbanization of 70%.
Environmental-friendly industries will be developed in the economic zone, including key industries of high-tech industry, manufacturing, automobile and motorbike production and assembly, garment, gas exploitation and processing, harbor logistic service, agricultural and aquaculture processing, food, beverage, health equipment, pharmacy, rubber and plastic products, building material and other commodities.