Bac Giang Adds a New Industrial Park Worth VND 3,700 Billion

The Hoa Yen Industrial Park, spanning nearly 257 hectares with an investment capital exceeding VND 3,700 billion, has received approval for its investment policy.

Deputy Prime Minister Tran Hong Ha recently approved the investment policy for the project to develop and operate infrastructure for the Hoa Yen Industrial Park, covering an area of nearly 257 hectares. The project is located in Hiep Hoa District and Viet Yen Town, Bac Giang Province, with one side adjacent to Provincial Road 398.

The organizational diagram of the architectural and landscape space of Hoa Yen Industrial Park. Source: Bac Giang Electronic Information Portal

The industrial park has a total investment capital of over VND 3,700 billion, including nearly VND 562 billion contributed by investors. The project is slated to operate for 50 years.

According to the 1/2000 zoning plan, over 60% of the area is allocated for factories and workshops, more than 10% for green spaces, with the remaining land designated for services, technical infrastructure, parking lots, and other facilities.

Once completed, the project will become a multi-sectoral industrial park prioritizing high-tech, environmentally friendly industries such as processing, manufacturing, production, and assembly.

The decision also approves Fecon Hoa Yen Joint Stock Company as the project’s investor. Established in September 2022, the company primarily operates in the real estate sector with a charter capital of VND 600 billion.

Bac Giang is one of the leading industrial hubs in northern Vietnam, boasting a high occupancy rate in its industrial parks. To date, the province hosts nine industrial parks, including six operational parks and three in the planning stage, concentrated in Viet Yen Town and the districts of Yen Dung, Hiep Hoa, and Lang Giang. These areas have also seen dynamic growth in various real estate segments surrounding the industrial parks between 2020 and 2022.

Currently, similar to the broader market trends, the local real estate sector remains subdued, with high property prices but low liquidity.