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  • News
  • News in Vietnam
  • 8 February 2022

Expanding Quang Chau Industrial Park

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BAC GIANG In addition to the expansion plan of Quang Chau industrial park, Viet Yen district, the province has just planned to develop Yen Lu industrial park, Yen Dung district.

Bac Giang Provincial People’s Committee has just approved the expansion plan of Quang Chau industrial park, Viet Yen district. The planning study area is in Quang Chau commune, Van Trung commune, and Neh town. According to this plan, Quang Chau industrial park will be expanded by 90ha compared to the current one.

The adjustment of the new planning is also expected to narrow the eastern boundary of the project by planning the route connecting National Highway 37, bringing the land lot where the police station is currently built outside the project boundary. At the same time, the plan will expand the edge to the north, about 70m from the old limit, and expand the periphery to the south, bordering a part of Quang Chau urban area and close to the approved roads in the urban master plan in Viet Yen town.

Quang Chau Industrial Park is one of the largest industrial zones in Bac Giang province, currently with  ​​426 hectares, established and put into operation in 2006 with the investor being Saigon Industrial Park Joint Stock Company. Gon – Bac Giang (SBG Company).

Currently, Quang Chau industrial park attracts 47 investment projects, with 40 FDI projects, including Foxconn – Apple’s supplier and manufacturer of components.

“The adjustment and expansion of Quang Chau industrial park are essential to promote the province’s industrial development goals and attract large investors to produce in the field of high technology content,” the document of Bac Giang Provincial People’s Committee stated.

Bac Giang Provincial People’s Committee also approved the planning of the construction subdivision of Yen Lu industrial zone in Yen Lu commune, Yen Dung district, with  ​​377ha. The industrial park is multi-disciplinary, mainly high-tech processing and manufacturing industry.

In the past two years, before the wave of foreign investment, Bac Giang has been one of the provinces with fast-growing industrial real estate. As a result, residential real estate in this locality is often among the provinces with the most vital fluctuations. In particular, the edge of industrial zones is typical of increasing heat. According to the Vietnam Real Estate Brokers Association, land prices at the end of the first quarter of 2021 increased by 50-70% compared to 2020.

However, in the face of the government’s move to tighten management and the recovery from Covid-19, the land near the Bac Giang industrial zone is reducing the heat with investors in the second and third quarters.

(Source: VnExpress)

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