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Construction of Phuc Son and expanded Vietnam – Korea industrial parks accelerated

Updated: 23:23, 31/03/2024

BAC GIANG - On March 13, Bac Giang province handed over the investment certificates for infrastructure construction and business projects in the expanded Vietnam - Korea Industrial Park (IP) in Viet Yen township and Phuc Son IP in Tan Yen district. Determining site clearance is a key step, all units and localities are highly focusing on carrying out related tasks to soon have a clean site for investors. 

Localities have applied new feature to conduct the site clearance work for these two above mentioned projects which is proactive preparation of some tasks before the investment policy is issued. 

Leaders of Phuc Son commune assist people in Tien Son village to count and list the agricultural land for recovery to build Phuc Son Industrial Park.

Nguyen Viet Toan, Chairman of Tan Yen District People's Committee said: "Phuc Son is the first IP of Tan Yen so it is crucial to the locality. Because the site work plays an important role in boosting the investment, the District People's Committee organized many propaganda conferences about the project in Phuc Son and Lam Cot communes before the province awarded the investment certificate to build this IP. The district strives to complete land clearance of Phuc Son IP (phase 1) in May 2024".

Along with Phuc Son IP, the site clearance of the expanded Vietnam – Korea IP is also done smoothly. Than Ngoc Trong, Vice Chairman of Tang Tien Ward People's Committee said that to implement first phase of this IP, the ward must recover more than 53 hectares of land. The ward has proactively directed to early review, calculate the area and identify the land users. 
At the same time, the locality requested the investor to have a flexible compensation and support mechanism to create high consensus among the people. With this approach, many related households now support the project. The ward sets a goal to hand over about 90% of the recovered land area for project implementation within 1 month (from the date of land recovery notice). 
Thanks to actively improving the business investment environment, in recent times, Bac Giang has been the destination chosen by many investors. Therefore, the province pays special attention to site clearance and infrastructure improvement of IP to attract secondary investors.
Right at the recent event to hand over the certificates of investment of Phuc Son and expanded Vietnam Korea IP, the province simultaneously implemented a plan to build these two industrial parks.
In addition, the Department of Industry and Trade and Bac Giang Power Company focus on building the power grid infrastructure to meet production needs in the two IP. In 2023, Northern Power Corporation invested in construction and completed a 110 kV Substation with capacity of 63 MW helping ensure the power source for Vietnam – Korea IP, the IP infrastructure and operations of some manufacturing plants.
Along with the active participation in site clearance by units and localities, Fuji Phuc Long Development Company Limited (investor of the expanded Vietnam – Korea IP project) and Le Delta Joint Stock Company (investor of Phuc Son IP project) proactively allocates fund, coordinate with units and localities to make and agree on plans to implement projects with 4 goals: Speeding up legal procedures related to construction licensing; accelerating land clearance; constructing technical infrastructure and quickly launching investment attraction promotion programs. 

The Dai 

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