On November 19, 2024, the People’s Committee of Nam Dinh Province officially issued Decision No. 2555/QD-UBND to establish the Thang Cuong Industrial Cluster (IC) in Yen Thang and Yen Cuong communes, Y Yen District. This marks a significant milestone as Bateco Thang Cuong Joint Stock Company has been entrusted to develop the technical infrastructure for the industrial cluster. The 75-hectare Thang Cuong IC is strategically located along Provincial Road 490, providing excellent connectivity for trade and logistics. With a total investment of over VND 1.03 trillion, comprising 17.47% equity capital and 82.53% from credit institutions, Bateco Thang Cuong is committed to completing the project within 24 months from the land handover. The IC will have an operational period of 50 years and benefit from incentives under Decree No. 32/2024/ND-CP dated March 15, 2024, along with other legal provisions. Thang Cuong IC aims to attract modern industrial projects, including:

• Mechanical engineering and machinery manufacturing
• Supporting and auxiliary industries
• Agricultural product processing, food production, and pharmaceuticals
• Automotive parts and components manufacturing
• Electronic and electrical equipment assembly
• Other manufacturing and processing industries

The establishment of Thang Cuong IC is expected to significantly boost economic growth in Nam Dinh City and Y Yen District, while also creating thousands of job opportunities for local residents, thereby improving incomes and living standards. Additionally, it will become an ideal investment destination for both domestic and international investors, driving Nam Dinh’s industrial transformation. With its immense potential and well-structured investment, Thang Cuong IC promises to become a new symbol of sustainable and modern development, placing Nam Dinh on Vietnam’s industrial map. Bateco Thang Cuong JSC – committed to accompanying the development of the community and businesses!