The Province Next to Hanoi is Getting an Almost 200-Hectare Industrial Park with an Investment of Over VND 2,800 Billion

Bac Giang province is strategically located in the northeastern part of Vietnam, bordering the “economic triangle” of three major provinces and cities: Hanoi, Hai Phong, and Quang Ninh. It also lies on the economic corridor connecting Nanning (China) – Lang Son – Hanoi – Ho Chi Minh City – Moc Bai. According to the master plan until 2030, there will be 29 industrial parks in Bac Giang province, covering a total area of 7,000 hectares.

So far, the province has approved investment policies for 10 industrial park projects with a total planned area of 2,474 hectares. This includes over 1,680 hectares of industrial land and 46 hectares of administrative and service land for lease. Bac Giang’s industrial parks currently attract 488 investment projects, including 373 FDI projects and 115 domestic direct investment (DDI) projects, with a total investment capital of 10.6 billion USD.

Recently, Deputy Prime Minister Tran Hong Ha signed Decision No. 198/QD-TTg dated January 21, 2025, on the investment policy for the construction and infrastructure business investment project of Song Mai – Nghia Trung Industrial Park in Bac Giang province.

The project is located in Nghia Trung commune, Viet Yen town, and Song Mai and Da Mai wards, Bac Giang city, Bac Giang province. The project covers an area of 197.1 hectares with a total investment capital of VND 2,806,210 billion, including VND 434,963 billion of equity capital from the investor. The project has a duration of 50 years from the date of the decision on land allocation, land lease, or land use purpose conversion.

In terms of nature, Song Mai – Nghia Trung Industrial Park is a multi-sectoral industrial park with modern and advanced technology, mainly focusing on processing, manufacturing, and assembly industries with a high level of technical expertise and environmental friendliness.

The industrial park aims to attract industries in line with the province’s industrial development orientation, specifically: the processing and consumer goods production industry, the manufacturing, assembly, and fabrication industry for electricity, electronics, refrigeration, and information technology, the mechanical industry, the production, assembly, and automation industry, and industries with clean, high, and environmentally friendly technologies such as informatics, software, pharmaceuticals, medical equipment, and auxiliary industries.

The main items prioritized for investment construction include administrative and service area works, production workshops, green tree and water areas, parking lots, and technical infrastructure such as transportation systems, water supply and drainage systems, power supply systems, and wastewater treatment areas.

The Hanoi – Bac Giang Industrial Infrastructure Investment Joint Stock Company is the investor of this project. The enterprise was established in mid-September 2022, with its head office located in Bach Viet Lake Garden urban area, Dinh Ke ward, Bac Giang city, Bac Giang province. Its main registered business line is leasing land with completed infrastructure and leasing or selling workshops.

According to information from the Investor, at the time of its establishment, the company’s charter capital was VND 350 billion, contributed by five founding shareholders: Mr. Bui Nam Long (50%), Mrs. Luu Thi Ngoc (20%), Mr. Vu Van Phu (20%), and two other legal entities, Fuji Bac Giang Joint Stock Company (5%) and Kang Long Urban Development Joint Stock Company (5%).

In July 2024, the company increased its charter capital to VND 450 billion to meet the conditions for the investor’s self-financing capacity in the Song Mai – Nghia Trung Industrial Park project. The Chairman of the Board of Directors and legal representative is Mr. Vu Van Phu (born in 1959, Hanoi).