Most recently, on May 29, the Bac Giang Provincial People’s Council approved the planning proposal for the Thai Dao – Tan An Industrial Park (IP) with a total area of nearly 166.9 ha, located in Thai Dao commune, Lang Giang district, and Tan An ward, Bac Giang city. The expected workforce is approximately 15,800 people.
Earlier, on May 21, the Ngoc Thien IP in Tan Yen district was approved with a total area of nearly 161.9 ha, including nearly 149.6 ha for industrial development, and almost 5.5 ha for small and medium-sized enterprises, supporting industries, and innovation. The total expected workforce is 14,500 people.
On April 23, Bac Giang approved the planning of the Thuong Lan IP in Viet Yen town with an area of over 149.7 ha, with the majority of the land designated for factories – over 84 ha. The expected workforce is 18,100 people.
On April 22, the planning for the Minh Duc – Thuong Lan – Ngoc Thien IP, located in Minh Duc and Thuong Lan communes of Viet Yen town and Ngoc Thien commune of Tan Yen district, was approved with a scale of nearly 200 ha and a population of 20,000 people. This IP focuses on supporting industries and high-tech sectors, including electronics component and automobile parts manufacturing.
At the beginning of the year, the planning proposal for the Yen Son IP in Luc Nam district was approved, spanning an area of nearly 154.5 ha. The expected workforce is between 20,000 and 22,000 people.
These new IPs are oriented towards the development of high-tech, modern, and environmentally friendly industries, focusing on attracting processing, manufacturing, precision mechanics, electrical-electronics, refrigeration, information technology, and high value-added production sectors.
Advanced, clean, resource-efficient, labor-saving, and environmentally friendly technologies are prioritized, in line with the province’s investment attraction orientation and in-depth industrialization strategy.
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5 IPs Approved for Planning with a 1/2000 Scale
Source: Author’s Compilation
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The simultaneous approval of these five new IPs aligns with Bac Giang’s industrial development orientation towards 2030 and its vision for 2050. As of February 2025, the province has 16 IPs covering an area of approximately 3,600 ha. Eight of these IPs are already operational: Quang Chau (516 ha), Van Trung (388 ha), Song Khe – Noi Hoang (221 ha), Dinh Tram (127 ha), Hoa Phu (515 ha), Viet Han (198 ha), Yen Lu (600 ha), and Tan Hung (155 ha). The occupancy rate of these IPs was about 74% as of February 2025. The remaining eight IPs are in the process of completing procedures and land clearance.
By 2030, Bac Giang is expected to have a total of 29 IPs, covering an area of approximately 7,000 ha, ranking among the top in the country. Specifically, the province aims to be 8th in terms of the number of IPs and 9th in terms of total planned area.
According to JLL Vietnam, in the first quarter of 2025, the average industrial land rental price in the North increased slightly by 2% over the same period, reaching 134.7 USD/m2/lease term. In the medium term (2025-2029), rents are expected to increase by 3-4% per year.
In addition to IPs, Bac Giang is also promoting the development of small and medium-sized industrial clusters. During the 2021-2030 period, the province aims to develop 63 industrial clusters with a total area of about 3,000 ha. As of February 2025, 55 industrial clusters have been established, with 38 clusters completed and operational, covering an area of about 1,300 ha. The area of industrial land for lease has reached over 600 ha.
In terms of investment attraction, according to the Provincial Industrial Zone Management Board, from the beginning of the year until now, 14 new investment registration certificates have been granted, including 8 FDI projects and 6 domestic projects, with total respective investment amounts of over 55 million USD and VND 13,600 billion. Additionally, 30 projects have increased their investment capital, with a total additional investment of over 153.6 million USD and nearly VND 165 billion.
4 IPs Approved for Investment
In addition to the five IPs mentioned above, the government has also approved the investment proposal for four other IPs in Bac Giang since the beginning of 2025.
On February 11, the Deputy Prime Minister Tran Hong Ha approved the investment proposal for the My Thai IP in Lang Giang district, with a total investment of over VND 1,798 billion, to be developed by Viet Uc Steel Corporation. The IP will cover an area of nearly 160 ha.
On February 10, the Dong Phuc IP in Yen Dung district was approved for investment with a total capital of approximately VND 3,732 billion. The investor is the Dong Phuc Industrial Infrastructure Development Joint Stock Company, a member of the Hoa Phat Group (HOSE: HPG).
In the first month of the year, two other IPs, Song Mai – Nghia Trung and Nghia Hung, were also approved for investment. Song Mai – Nghia Trung will cover an area of nearly 197 ha, with a total investment of over VND 2,806 billion, while Nghia Hung will span 148.7 ha, with an investment of VND 2,200 billion.
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4 IPs Approved for Investment in the First Five Months of 2025
Source: Author’s Compilation
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In 2024, Bac Giang led the country in the number of IPs approved for investment, with six IPs totaling more than 856 ha. The province’s simultaneous acceleration of planning, investment attraction, and infrastructure development demonstrates its determination to become a strategic industrial hub in the North.
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