Truong Hai Group Corporation (Thaco) is among the pioneering investors in industrial infrastructure in southern Danang, focusing on mechanical engineering, automobiles, and supporting industries.

Its flagship project is the Chu Lai-Truong Hai Mechanical and Automotive Industrial Park, covering 243 hectares and attracting 45 secondary projects with total registered capital of approximately VND37.86 trillion ($1.44 billion).

In a New Year 2026 message, chairman Tran Ba Duong said this marks the fourth year of Thaco’s new investment cycle in Chu Lai in the former Quang Nam province (now partt of Danang after their merger last July), aimed at developing a next-generation, multi-industry industrial ecosystem that is green, smart, modern and highly integrated.

Entering 2026, with strong support from Danang authorities, Thaco aims to accelerate project implementation. Specifically, the 451-hectare Specialized Agro-Forestry Industrial Park and the 115-hectare Expanded Mechanical and Automotive Industrial Park are expected to complete site clearance and begin infrastructure construction and factory development from the third quarter of 2026.

Total disbursement in Chu Lai in 2026 is projected to reach VND5.45 trillion ($206.95 million). The group also plans to recruit an additional 1,300 workers, bringing total employment here to 16,500.

In 2026, Thaco’s total state budget contribution is estimated at VND27.3 trillion ($1.04 billion), up 29% year-on-year, with about VND21.04 trillion for Danang alone.

Alongside Thaco, investment in southern Danang continues to rise with the participation of other major corporations. Recently, Geleximco broke ground on the Tam Anh-An An Hoa Industrial Park infrastructure project in Tam Anh commune, within the Chu Lai Open Economic Zone. The project spans 435 hectares with a total investment of around VND4.15 trillion ($157.58 million).

The Tam Anh-An An Hoa Industrial Park is set to attract high-tech, clean industries and high value-added sectors such as electronics, mechanical manufacturing, automobiles and motor vehicles, pharmaceuticals, materials processing, logistics, warehousing, and supporting services.

The project also aims to promote circular economy models, prioritizing environmentally friendly investments in line with green, modern, and sustainable industrial development.

Chairman Vu Van Hau stated that the project is designed as a modern, synchronized industrial park aligned with green transformation, digital transformation, and global manufacturing shifts. The company is committed to mobilizing resources to ensure progress, quality, legal compliance, and environmental sustainability.

Earlier, in late 2025, Nam Thang Binh Industrial Park Infrastructure Investment JSC, part of the Bin Corporation ecosystem, broke ground on the Subzone B of Nam Thang Binh Industrial Park. The project covers 346 hectares with a total investment of over VND3.37 trillion ($127.96 million), located in Thang Dien and Thang Truong communes.

The project aims to attract low-emission industries and promote renewable energy use, prioritizing high-tech sectors such as information technology, telecommunications, electronics, deep processing of silica-based products, pharmaceuticals, and export-oriented agriculture.

Le Hung Anh, chairman of Bin Corporation and CEO of Nam Thang Binh Industrial Park Infrastructure Investment JSC, said the project is developed with a green, high-tech, and sustainable mindset, ensuring environmental protection while delivering shared benefits to the community.

He expressed hope that export-ready products from the project will soon reach international markets, enhancing the industrial position of southern Danang.

According to the Chu Lai Open Economic Zone Authority, the zone currently has 14 approved industrial parks covering a total area of 3,462 hectares, with total registered capital of nearly VND19.16 trillion ($727.54 million). Of these, seven are already operational with an average occupancy rate of around 60%, while the remainder are undergoing site clearance and construction.

Vice Chairman of the Danang People’s Committee Phan Thai Binh noted that 2026 is expected to mark significant progress in the city’s southern industrial zones. Authorities have been working to create a favorable investment environment and appropriate mechanisms to attract both domestic and foreign investors.

He emphasized that completing industrial park infrastructure and accelerating investment attraction are key to achieving double-digit economic growth in 2026. Close coordination between authorities and businesses, along with timely resolution of problems, will be essential to ensuring overall project progress.