Bac Giang approves two new industrial infrastructure projects
BAC GIANG - The People’s Committee of Bac Giang Province (PPC) on May 9 held a ceremony to hand over the Decision approving investment policies and selecting investors for two industrial infrastructure projects: the Tien Son–Ninh Son Industrial Park (Phase 1) in Viet Yen township and the Phuong Son–Dai Lam Industrial Cluster in Luc Nam and Lang Giang districts. The event was chaired by PPC Chairman Nguyen Viet Oanh.
At the event, a representative of the provincial Industrial Park Management Board announced the Decision approving the investment policy and investor for the Tien Son - Ninh Son Industrial Park project, led by Ninh Son Technology Industrial Investment Joint Stock Company.
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PPC Chairman Nguyen Viet Oanh speaks at the event. |
This project, located in Tien Son commune and Ninh Son ward, covers an area of 89.57 hectares with a total investment of nearly 1,649 billion VND (71.38 million USD), including 250 billion VND in equity and approximately 1,399 billion VND in mobilized capital.
The project has duration of 50 years from the date of the decision and must be completed within 24 months from the land allocation date.
The Department of Finance also announced the Decision approving the investment policy and investor for the Phuong Son - Dai Lam Industrial Cluster project, to be implemented by Thanh Do Bac Giang Construction Joint Stock Company.
The cluster spans over 45 hectares across Phuong Son town (Luc Nam District) and Dai Lam commune (Lang Giang District), with a total investment of more than 576 billion VND, including over 271 billion VND in equity and over 303 billion VND in mobilized capital.
At the ceremony, PPC Chairman Nguyen Viet Oanh presented flowers and the investment approval decisions to both companies.
On behalf of the investors, Kieu Huu Hoan, Chairman and CEO of Ninh Son Technology Industrial Investment JSC, expressed gratitude for the province’s support and pledged to comply with all regulations, ensure timely implementation, and contribute to local social welfare.
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PPC Chairman Nguyen Viet Oanh and leaders of departments and branches congratulate two investors. |
PPC Chairman Nguyen Viet Oanh congratulated the investors and emphasized that these projects are expected to attract secondary investors, stimulate local economic growth and create job opportunities, especially in the localities with many potentials such as Viet Yen Township, Lang Giang and Luc Nam districts.
Both projects are strategically located—especially Tien Son - Ninh Son, which is expected to attract strategic investors in high-tech manufacturing and electronics.
He urged relevant departments to continue assisting investors in fulfilling post-approval procedures in compliance with the law.
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