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Investment policy approved to build first phase of extended Yen Lu Industrial Park

Updated: 19:11, 17/07/2024

BAC GIANG - On July 12, 2024, the Prime Minister issued Decision No. 636/QD-TTg on approving the investment policy of the extended Yen Lu Industrial Park infrastructure investment and trading project (first phase) (Project). Western Pacific Investment Joint Stock Company becomes investor.  

The first phase of the above mentioned Project will be executed in Yen Lu commune, Yen Dung district (Bac Giang province), covering ​​119.83 hectares with total investment capital of more than 1.54 trillion VND (65.3 million USD), including more than 308 billion VND from investor.

The overall perspective of the subdivision planning to build the extended Yen Lu Industrial Park.

The Project’ operating term last for 50 years from the approval date for investment policy and the investor.

The Prime Minister assigned the People's Committee of Bac Giang province to be responsible for directing the Provincial Industrial Park Management Board to specifically stipulate the implementation progress according to the scale of land use for each phase of project investment which is noted in the Investment Registration Certificate but not exceed 24 months from the date of land handover by the State.

The project receives investment incentives and support as well as application conditions in line with current legal regulations.

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