BIN Corporation proposes $3 bln high-tech project in central Vietnam

BIN Corporation, a Vietnamese multi-sector group headquartered in Ho Chi Minh City, has proposed to invest $3 billion in an AI data, renewable energy, and high-tech workforce training complex in the central province of Dak Lak.

A a Thursday meeting with Chairman of the provincial People’s Committee Do Huu Huy, Le Hung Anh, CEO of BIN Corporation, said the complex is planned to cover 458.8 hectares in Ea Sup commune and 299 hectares in Ea Wer commune.

The project will include a data center serving AI and digital transformation; renewable energy systems (solar power and energy storage); a training center for high-tech, AI and IT human resources; and digital infrastructure supporting businesses and local authorities, he noted.

According to Anh, the company is committed to conducting research and surveys in compliance with legal regulations, ensuring alignment with planning frameworks and the province’s socio-economic development orientation. It also vows to fully self-finance the project and is ready to proceed with the next steps upon obtaining in-principle approval.

Appreciating the corporation’s innovative proposal, the provincial chairman said he has assigned the Department of Finance and the Department of Agriculture and Environment to coordinate with relevant agencies to review and survey suitable locations in Ea Sup and Ea Wer communes to maximize the region’s potential for clean energy development.

The Department of Finance is requested to work closely with the investor to review procedures related to land and technical infrastructure.

In parallel with the research and survey process, he asked the investor to demonstrate strong economic and technological feasibility, ensuring that the project will contribute to the province’s socio-economic development in the coming period.

BIN Corporation, established in 2009 by entrepreneur Le Hung Anh, operates in multiple sectors, including business consulting, financial advisory, digital marketing, e-commerce, tourism, real estate, and technology.

It has expanded internationally with representative offices in Singapore, Hong Kong, Lithuania, Canada, and the U.S., along with 10 member companies operating across Europe, the Americas, and Asia.

The south-central coastal province of Phu Yen and the Central Highlands province of Dak Lak were merged last July to form the new Dak Lak which borders Gia Lai, Khanh Hoa, Lam Dong, Cambodia, and the East Sea.