Bắc giang
Yen Lu Industrial Park attracts two more investment projects
BAC GIANG - The Industrial Parks Management Board (IPMB) in Bac Giang province has just granted investment registration certificates to two projects with a total registered capital of 83 million USD.
Of which, Hong Kong investor Xinwei Electronic Company Limited (China) is licensed to implement the project of building a factory to manufacture and assemble Lithium batteries and electronic components on an area of over 88,900 square meters in Yen Lu Industrial Park (Yen Dung district).
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Overall perspective of Yen Lu Industrial Park zoning plan (extension part). |
The investor registered to produce circuit boards with a scale of 120 tonnes per year; produce, process and assemble Lithium batteries for phones, computers and other electrical and electronic devices with a scale of 590 tonnes per year. Total registered capital is 58 million USD.
In addition, Crown Advance Material Vietnam Company Limited is licensed to implement the project of building a Crown Advance Material Vietnam plastic film factory in Yen Lu Industrial Park on an area of 54,300 square meters.
It produces and processes plastic film products, plastic film sheets, plastic mesh films used to protect the surface of solar panels with a scale of 200 million products per year. The total registered capital is 25 million USD.
The two investors will carry out the project in 24 months.
Granting investment certificates to enterprises not only contributes to increasing budget revenue but also creates jobs for many local workers in the coming time.
Vietnam is expected to be among the top three Southeast Asian countries in terms of industrial competitiveness by the end of this decade, as outlined in an action programme issued by the Ministry of Industry and Trade (MoIT) this week.
BAC GIANG - The industrial production value (actual price) in 10 months reached more than 562.6 trillion VND (nearly 24 billion USD) in Bac Giang province, increasing 28.1% over the same period last year and reaching 84.5% of the yearly plan, confirmed the Department of Industry and Trade.
Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space.
BAC GIANG - Currently, Bac Giang has 10 industrial parks with a total planned area of 2,474.8 hectares, 63.97% of which are occupied. In addition, the province has submitted documents of 13 other industrial parks for approval of investment policies.
BAC GIANG - From an agricultural district, Viet Yen has transformed into a key industrial region, achieving the township status two years ahead of schedule. With strong potential, it is making efforts to meet the criteria to become a provincial city in the near future.
BAC GIANG - Bac Giang has many typical and quality industrial and rural agricultural products. The province has recently prioritized industrial promotion funding to support rural industrial establishments with selected products, especially products participating in the One Commune One Product Program (OCOP), thereby helping enhance competitiveness, product value and income for people.
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