Bac Giang province, a new manufacturing center in northern Vietnam, plans to develop the Thai Dao-Tan An Industrial Park targeting modern, environmentally friendly industries.
The new IP, the 10th such facility in the province, will cover 170 hectares in Thai Dao commune, Lang Giang district and Tan An township in Yen Dung district.
It will be a specialized industrial park with priority given to manufacturing, electrical, electronic, refrigeration equipment, and high-tech products serving the electronics and information technology industries.
Other priority areas include mechanical engineering, machine and mold manufacturing, pharmaceuticals, cosmetics, vaccines, medical equipment, food and other goods produced with modern, high-tech lines.
The province has said it will prioritize technical infrastructure works like internal roads, parking lots, water supply and drainage systems, power supply, lighting and communications systems, wastewater treatment facilities, offices, commercial-services centers, and factories.
Bac Giang has nine industrial parks at present: Dinh Tram, Quang Chau, Song Khe - Noi Hoang, Van Trung, Hoa Phu, Viet Han, Tan Hung, Yen Lu and Yen Son - Bac Lung.
The province has become a manufacturing hub in northern Vietnam that attracts strong investment inflows, especially FDI.
Apple suppliers Foxconn and Luxshare and China's Yadea are among prominent foreign investors in the province. This year, as of March 15, the province had attracted investments of about $624.26 million, 66.5% of what it had attracted in the same period last year.
This included nine new domestic projects with a total registered capital of VND7.7 trillion ($306.9 million) and 15 FDI projects worth $104.5 million. It also approved capital additions worth $208.1 million for four domestic investment and 11 FDI projects.