On August 30 in south-central Binh Thuan province’s Ham Tan district, the Son My Industrial Park Investment Construction and Trading Infrastructure Limited Company (IPICO) held a breaking ground ceremony for its notable Son My I Industrial Park (IP) project.
Prime Minister Pham Minh Chinh, Vice President Vo Thi Anh Xuan, Vice Chairman of the National Assembly Tran Quang Phuong, and other government officials and representatives from local departments and agencies were in attendance.

The Son My I Industrial Park is invested in and developed by IPICO and sits on a total area of 1,070 ha in a prime location. It is a key project for the province and for Vietnam and is expected to be a magnet for future investment.

It is zoned according to four land use functions: land for factories; service center areas; technical infrastructure areas; and green land and water areas. The IP’s two LNG power plants, Son My 1 and Son My 2, are a key highlight, with total capacity of 4,500 MW on an area of 200 ha. It also includes a 100-ha LNG warehouse port and 430 ha for supporting industries.

There will also be a subdivision specializing in the production of auxiliary equipment for the development of green energy industries. Over 30 per cent of the IP will be set aside for technical infrastructure, utilities, industrial service zones, and key amenities for IP workers such as education, training, healthcare, and office facilities.

At the breaking ground ceremony, Prime Minister Chinh directed relevant departments and central agencies to coordinate and strengthen efforts to support Binh Thuan province and promptly resolve difficulties and bottlenecks to maximize local potential and harness the advantages to create the conditions needed for smooth construction of the project.

Mr. Le Quang Hieu, Vice Chairman of IPICO, said it aims to become a smart and green IP with sustainable energy at its core, and will prioritize the development of renewable and clean energy to reduce carbon and greenhouse gas emissions. “Son My I also enjoys a strategic location, which is suitable for developing an integrated seaport to facilitate exports and imports of agricultural products and other goods,” he added.

Son My I Industrial Park has already attracted leading global investors such as the PetroVietnam Gas JSC, a unit of the State-run Vietnam Oil and Gas Group, the AES Group, one of the world’s leading energy companies, from the US, and a consortium of Électricité De France S.A. from France, the Sojitz Corporation from Japan, the Pacific Corporation JSC, and Kyushu Electric Power Co. Inc. from Japan.

Construction of the IPs entire infrastructure is targeted by 2025. Once in operation, it is expected to create jobs for thousands of workers, improving the quality of life of local communities and setting the stage for favorable growth in Binh Thuan.