Bac Giang to add five new industrial zones
Bac Giang to add five new industrial zones
The northern province of Bac Giang is planning an additional five industrial zones with a total area of 1,100 hectares.
The first one is Duc Giang Industrial Zone (IZ) with an area of 288ha. The second one is Hoa Phu IZ-phase 2, which covers an area of 222ha in Yen Dung district. Another is Nghia Hung IZ with an area of 152ha.
The fourth one is Tien Son – Ninh Son IZ with a total area of 223ha. The construction will be separated into two periods. The first phase will have a total area of 90ha. The fifth is Xuan Cam-Huong Lam IZ in Hiep Hoa district, spanning 224ha.
At present, the province has eight IZs approved for investment with a total area of nearly 2,000ha.
In the 2021-2030 period, the province will have a total 29 IZs, which will be approved for planning by the prime minister.
Adding IZs will create better conditions for the province to draw investors. The province is working to be more selective in attracting investment projects, with a focus on high-tech, large-scale projects and those that will churn out competitive products, join the global value chain, and significantly contribute to the state budget and social welfare.
In the first six months of 2023, although the world experienced many complicated and unpredictable changes, investment in Bac Giang still saw positive results, especially in new foreign-invested projects.
Between January and June, the province attracted 34 foreign-invested projects with the total registered capital of $1.05 billion, fourfold higher than the same figure last year, ranking second in the country in terms of foreign investment attraction, following Hanoi.
