Today: 29/01/2022 15:13:27 (GMT+7)

Bac Giang builds industrial parks to welcome new investment waves

(BGO)- In order to foster investment attraction in the locality to boost industrial development and economic restructuring towards industrialization and modernization, the province has paid special attention to planning, establishing and expanding industrial parks in recent years.

Dinh Tram is the first industrial park (IP) in the province, which was established in 2003 covering an area of 127 hectares. To date, the province is home to 6 IPs with total area of 1,322 hectares including 5 IPs in operation namely Dinh Tram, Van Trung and Quang Chau in Viet Yen district, Hoa Phu in Hiep Hoa district and Song Khe - Noi Hoang in Yen Dung district and Bac Giang province.

Bac Giang, industrial parks, new investment waves

Many industrial parks in Bac Giang province are adjacent to Hanoi – Bac Giang Expressway.

According to the provincial Industrial Zones Authority, these IPs attract 407 investment projects including 308 foreign direct investment (FDI) projects and the other domestic projects with total registered investment capital of 9.238 trillion VND (398.6 million USD) and 5.9 billion USD. The projects focus on the fields of electricity, electronics, mechanics, plastic products and solar cells.

Notably, many IPs have become attractive destinations for foreign investors. For example, Van Trung IP has been established recently on an area of 351 hectares but its occupancy rate reaches 100 percent attracting 137 investment projects with registered capital of some 2 billion USD and 500 billion VND (21.6 million USD). Of which, a number of big projects are in effective operation such as airpods production project of Luxshare ICT Company Limited and solar cell project of Vina Cell Technology Company Limited. Or Quang Chau IP has an industrial land area of over 420 hectares with occupancy rate of about 90 percent attracting 47 projects.

Bac Giang, industrial parks, new investment waves

One corner at the factory of JA Solar Company Limited in Quang Chau industrial park, Viet Yen district.

Specially, the provincial People’s Committee has granted investment registration certificates to 2 large-scale projects in this industrial park. The projects include Fukang Technology Factory invested by Foxconn Singapore PTE Ltd manufacturing tablets and laptops with capacity of 8 million products per year and a total registered investment capital of 270 million USD. The other project is JA Solar PV Vietnam photovoltaic cell project of JA Solar Investment headquartered in Hong Kong (China) with total registered investment capital of about 210 million USD.

According to Zhuo Xianhong, General Director of Hong Hai Science and Technology Group (Foxcorn) in Vietnam, this Group has invested in the province since 2007. During their investment process in the IPs, the Group has been timely provided with “clean” land and integrated infrastructure facilitating the investor to rapidly run the project to grasp competitive opportunities and expand their production. Besides, the province’s IPs are convenient for traffic, regional linkage and transportation of goods. Thus, the Group has continuously expanded its scales and established more companies so far. As of December 2020, its total investment capital in the province reached 900 million USD creating jobs to more than 35,000 labourers. The Group is expected to invest more 700 million USD and employ 10,000 labourers in 2021.

Similarly, Dinh Tram IP has occupancy rate of 100 percent while that of Song Khe - Noi Hoang IP is 90 percent and Hoa Phu IP is 50 percent.

The Resolution of the provincial Party Congress in 2020-2025 tenure defined industrial sector as the major force for economic growth. To that end, the province pays due attention to establishing and expanding IPs in coming years.

According to a representative of the provincial Department of Industry and Trade, the province plans more 23 IPs in the period from 2021 to 2030 with total area of over 6,800 hectares and expands 3 IPs by 400 hectares while planning more 6 IPs with total area of 1,474 hectares for 2030-2050 period.

Firstly, the province will submit the competent authority to permit supplementation of the planning and establishment of Bac Lung and Tan Hung IPs in Luc Nam district, Yen Lu IP in Yen Dung district and expansion of Quang Chau, Hoa Phu and Vietnam-Korea IPs. Al of these IPs are planned to be adjacent to traffic roads, which are convenient for transportation and circulation of goods.

For rapid and sustainable development of the IPs, the province will continue implementing synchronous solutions with a priority for investment attraction and development of high-tech industrial sectors, supporting and clean industries to improve product values and protect environment. In addition, the province will pay attention to speeding up construction progress of social infrastructure and housing for workers, boosting investment promotion and enhancing efficiency of the state management of the IPs. Besides, it is necessary to foster administrative procedure reform, improve investment climate and handle shortcomings in compensation and land clearance of the key projects. The province aims at building a facilitating and serving government to attract more enterprises to the province and striving to make the IPs in Bac Giang become attractive destinations for domestic and foreign investors.

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Minh Linh

Bac Giang, industrial parks, new investment waves
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