Bac Giang currently has 8 industrial parks (IP). Basically, all land fund is rented out as soon as it is cleared.

In the expanded Quang Chau IP, a series of large enterprises and corporations are building factories and scaling up the production.

The expanded Quang Chau industrial park is fully registered by investors. Photo: Fuyu Precision Technology Component Company Limited builds factory to scale up the production.

Fulian Precision Technology Component Company Limited is constructing items in phase I of the Fulian precision technology factory project on an area of nearly 50 hectares.

This is one of the enterprises with the largest scale of land use at this time. As schedule, the project will be put into operation at the end of 2024 or early 2025, helping attract about 50,000 laborers.

Besides, 50 hectares of Vietnam – Korean IP (the first phase) are almost filled. Meanwhile, all site work of Tan Hung IP has been completed (105.3 hectares), 103.97 hectares of which were leased by 15 secondary investors.

According to the Provincial IP Management Board, there is not much clean land left in IP because most of which have been registered by businesses. Bac Giang continues to be an attractive destination for both domestic and foreign investors so the demand for Bac Giang industrial real estate in the coming time will continue to surge.

According to the Department of Planning and Investment, by the end of the third quarter of this year, the whole province attracted more than 2.14 billion USD of investment capital, nearly twice as much as the same period in 2022.

Regarding foreign direct investment attraction, Bac Giang ranked 4th in the country only after the cities of Hanoi, Ho Chi Minh and Hai Phong. The province planned to have 29 IP and 63 industrial clusters with a total area of more than 10,000 hectares by 2030.

To increase the supply of industrial real estate, the province has closely directed the compensation and site clearance of approved IP to accelerate the infrastructure investment.

Accordingly, local authority required to drastically remove difficulties and speed up land clearance progress of the remaining areas in the IP of Van Trung, Quang Chau, Hoa Phu, Song Khe - Noi Hoang (south) and new IP of Yen Lu , expanded Hoa Phu IP while directing to complete investment in construction of technical infrastructure of the IP in line with the plan.

In long term, to carry out the socio-economic development tasl, the province pays more attention to mobilizing and attracting investment; guides and provides information to support investment and respond to recommendations and feedback from businesses in accordance with regulations.

Most of clear land in Hoa Phu industrial park are registered by investors.

Local authority regularly inspects the implementation of plans and investment progress for projects with investment certificates in the IP according to provincial planning.

To date, the whole province has established 22 planning projects to build new IP. 11 out of 22 projects received approval for construction planning. Of which, investors in 8 IP submitted approval registration documents to develop and do business at the IP’s infrastructure, including: Phuc Son (Tan Yen); Dong Phuc, Duc Giang (Yen Dung); Xuan Cam - Huong Lam, Chau Minh - Bac Ly (Hiep Hoa); Yen Son-Bac Lung (Luc Nam); Quang Chau 2 (Viet Yen) and expanded Hoa Phu IP.

It is expected that in 2024, the remaining 11 IP construction planning projects will be approved, striving to have 16 new IP in Bac Giang by 2025.

The functional sectors and localities continue to accelerate merging progress of Tang Tien Industrial Cluster into Van Trung IP; Tan Hung Industrial Cluster into Tan Hung IP to add land fund and attract secondary investors.

Bac Giang licenses 13 new projects in industrial parks

BAC GIANG - According to the Provincial Industrial Park Management Board (IPMB), in September, the Bac Giang province issued new investment registration certificates for 12 foreign direct investment (FDI) projects and 1 domestic investment project (DDI) with registered capital of nearly 133.8 million USD and 168 billion VND in industrial parks.

Industrial production value in September increases over 11.7 percent

BAC GIANG - The industrial production value (IPV) of Bac Giang province in September continued growing thanks to strong recovery of enterprises, reported the Department of Industry and Trade.

Hustle and bustle outskirts of the industrial park

BAC GIANG - After being affected by the Covid-19 epidemic and the world economic situation, many enterprises in industrial parks in the northern province of Bac Giang used to have few orders and had to cut labor. However, they have recovered and made a strong breakthrough. More and more laborers work at the industrial parks, reaching a higher level than before the epidemic and helping the outskirts of industrial parks become bustle again.

Most workers in industrial parks return to work

BAC GIANG - After the National Day holiday (September 2), workers in many enterprises in Bac Giang province's industrial parks have returned to work.

Bac Giang sees busy factory construction in industrial parks

BAC GIANG - In the industrial zones of Bac Giang province, besides factories in full swing, new ones have been constructed urgently. Contractors have taken the advantage of favorable weather conditions for construction with the goal of soon putting the works into operation, contributing to increasing the capacity and output of enterprises.