Construction Begins on USD 96 Million Industrial Park in Bac Ninh

Feb 2020

Construction has started in late January 2020 for the 221-hectare Yen Phong II-C Industrial Park in the northern province of Bac Ninh. The industrial park represents an investment of more than VND 2.23 trillion (USD 96.3 million) by state-owned Viglacera Corp. Viglacera Corp is a manufacturer of construction materials and a real estate developer. The company has developed 11 local and overseas industrial parks with total investment capital of nearly USD 15 billion.

Viglacera Infrastructure Investment Development Co., an affiliate of Viglacera Corp, will focus on accelerating land clearance and developing the park’s technical Infrastructure. The project aims to attract investment in multiple sectors, including processing and Manufacturing, high technology and non-polluting industries.

Bac Ninh which 16 concentrated industrial parks, currently ranks second among provinces in Vietnam in export turnover and sixth in foreign investment attraction. The province has attracted 1,542 foreign-invested projects valued at more than USD 19.6 billion.

(Source: Vietnam News)

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