Binh Dinh Invest

Approving the investment policy for TFS Binh Dinh Wood Processing Factory project

26/04/2024

Recently, Binh Dinh Economic Zone Administration has decided to approve the investment policy and the investor of the TFS Binh Dinh Wood Processing Factory project for TFS Asia Co., Ltd.

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The project has a value of 102 billion VND, implemented in Nhon Hoa Industrial Park, Nhon Tho commune, An Nhon town, Binh Dinh province. The total project area through construction phases is 30.2 hectares.

The goal of the project is to produce and process interior and exterior wood for export and domestic consumption (production of wooden beds, cabinets, tables, chairs) and mechanical processing to shape products for interior wood processing, exterior. The project has a capacity of interior and exterior wooden products of 3,600m3 of products/year; mechanical processing (with paint spraying process) of 100 tons of products/year. The project is expected to go into operation in the first quarter of 2025.

From the beginning of the year until now, Binh Dinh province has attracted 16 new projects, including 10 projects outside the Economic Zone and industrial parks with a total registered capital of more than 2,368.2 billion VND, 6 projects in the Economic Zone and industrial parks with total value of more than 275.8 billion VND. The outcome signifies the efforts in administrative reform and investment promotion of Binh Dinh province in order to achieve the set goal of attracting 100 new projects registered in 2024.

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