The Phu Binh Industrial Park Infrastructure Project is implemented in communes of Phu Binh District, Thai Nguyen Province. The project is developed by Kinh Bac City Development Holding Corporation, with a total investment of VND 11,492 billion (approximately USD 430 million).

The project is carried out on a land area of 675 hectares, making it a large-scale industrial park aimed at developing modern industrial infrastructure and attracting FDI and DDI capital in high-tech industries, automation, electronics and technology, as well as clean and environmentally friendly manufacturing.

The project officially broke ground on December 19, 2025, with a construction period of five years.