Business

Bac Giang to develop a new industrial park worth 111 million USD

Deputy Prime Minister Tran Hong Ha has approved the investment policy for the construction and infrastructure development of the Song Mai–Nghia Trung Industrial Park in Bac Giang province.

The project covers an area of 197.1 hectares with a total investment capital of 2.8 trillion VND. (Photo: baochinhphu.vn)
The project covers an area of 197.1 hectares with a total investment capital of 2.8 trillion VND. (Photo: baochinhphu.vn)

Hanoi (VNS/VNA) - Deputy Prime Minister Tran Hong Ha has approved the investment policy for the construction and infrastructure development of the Song Mai–Nghia Trung Industrial Park in Bac Giang province.

The decision, issued under number 198/QĐ-TTg on January 21, 2025, grants approval for a project covering 197.1 hectares with a total investment of 2.8 trillion VND (111 million USD), of which 434.9 billion VND will be contributed by the investor.

That investor will be the Hanoi-Bac Giang Industrial Infrastructure Investment Joint Stock Company and it will be developed across Nghia Trung commune (Viet Yen township), Song Mai commune and Da Mai ward (Bac Giang city).

The industrial park has a 50-year operational timeline starting from the date the land is allocated, leased, or its usage purpose is changed.

The Deputy Prime Minister has instructed the People’s Committee of Bac Giang province to oversee the province’s industrial park management board in defining the project’s implementation timeline in the investment registration certificate. However, this timeframe must not exceed 30 months from the date of land allocation, leasing, or conversion.

The Ministry of Planning and Investment is responsible for appraising the investment policy and managing the industrial park per relevant laws on investment and industrial development.

The People’s Committee of Bac Giang province is tasked with ensuring the project aligns with the provincial land use and zoning plans for 2021–30, with a vision towards 2050.

The plans must be approved by competent authorities under land and planning legislation. Furthermore, the province must allocate sufficient industrial land quotas to ensure the project adheres to its approved schedule./.

VNA
#Song Mai–Nghia Trung Industrial Park #Bac Giang
Follow VietnamPlus

Related News

Bac Giang is striving to finish upgrading all local houses classified as makeshift and dilapidated ones by the end of November 2025. (Illustrative photo: www.baobacgiang.vn)

Bac Giang intensifies housing support for needy families

Bac Giang, a northern province with a vast area and a poverty rate close to the national average, is striving to finish upgrading all local houses classified as makeshift and dilapidated ones by the end of November 2025.

See more

Key export sectors such as textiles – garments, footwear and furniture, along with many signature products of Da Nang, have strong potential to expand their markets through online export channels. (Photo: VNA)

Da Nang seeks to boost online exports

To help businesses go global, Da Nang is shifting from supporting individual online activities to developing an integrated ecosystem covering products, branding, platforms, payments, logistics, legal issues and market information. This is also part of the city’s e-commerce development orientation for 2026-2030, which identifies e-commerce as an important component of the digital economy.

Deputy Minister of Foreign Affairs Le Thi Thu Hang receives Rolf Mutzenich, a member of the Foreign Affairs Committee of the German Bundestag, in Hanoi on August 18. (Photo: baoquocte.vn)

Vietnam welcomes German firms’ expansion

Vietnam welcomes and stands ready to create favourable conditions for German businesses to expand their investment and operations in the country, particularly in infrastructure, smart seaports, renewable energy, high-speed railways, science and technology, and high-quality human resource training.

Khanh Hoa province has the largest sheep population in Vietnam, with around 100,000 individuals. (Photo: VNA)

Khanh Hoa province explores Halal ecosystem development

Khanh Hoa aims to estabish itself as a Halal-friendly destination while supporting businesses in expanding export markets, attracting strategic partners and investors, and drawing projects from countries with strong Halal logistics, tourism, manufacturing, processing and agriculture sectors.

The proportion of Vietnamese goods remains high at supermarkets. (Photo: VNA)

Vietnamese brands win over domestic consumers to go global

Amid increasingly fierce global competition, the goal is no longer simply to increase domestic consumption of Vietnamese goods, but to develop strong Vietnamese brands capable of winning consumers through quality, innovation and added value, thereby creating a stepping stone for expansion into international markets.

Illustrative image (Photo: VNA)

Automated VAT refunds to be rolled out from December

As of August 11, VAT refunds rose 32% from a year earlier, reaching 64.4% of the full-year estimate. Tax authorities issued 11,627 refund decisions totaling 111.726 trillion VND (4.26 billion USD), up 9% by volume. The payouts improved cash flow for companies and supported production, trade and exports.

ST25 rice is the centrepiece of the Vietnam Goods Week at Selgros. (Photo: VNA)

ST25 rice officially enters Selgros wholesale supermarket chain in Germany

The placement of ST25 rice on Selgros shelves not only creates an additional opportunity for German consumers to access Vietnamese rice products, but also contributes to efforts to increase the added value of Vietnamese agricultural products by shifting the focus from volume to quality, branding and value.

Trains on the elevated section of the Cau Giay – Nhon route in Hanoi provide convenient transportation for local residents. (Photo: VNA)

Multimodal connectivity to drive Vietnam’s transport infrastructure

Under the proposed approach, roads would serve mainly as connectors and for first- and last-mile transport; railways would handle large volumes over long distances; maritime transport would serve import and export cargo; inland waterways would carry large volumes at low cost; and air transport would focus on fast delivery and high-value goods.

Amata Industrial Park in Dong Nai city (Photo: VNA)

Green shift powers investment in southeast Vietnam

The Amata Industrial Park in Dong Nai City, established 32 years ago and covering more than 500ha, is home to over 160 domestic and foreign businesses. Selected in 2020 as one of three national pilot sites for conversion into an eco-industrial park, Amata has raised its compliance with the international eco-industrial park framework from 41% to 86% in 2024, and is working towards becoming Dong Nai's first certified eco-industrial park.

At a port in Ho Chi Minh City (Photo: VNA)

Multi-channel capital mobilisation needed to achieve double-digit growth

The Ministry of Finance estimates development investment for 2026-2030 at a minimum of 38.5 quadrillion VND (1.48 trillion USD), or about 40% of GDP. The state budget is expected to provide only about 20%, or more than 7.7 quadrillion VND, leaving over 80%, or more than 30 quadrillion VND, to be raised from the broader economy. That makes expanding capital mobilisation channels beyond bank credit essential.

An aerial view of the Nhieu Loc – Thi Nghe area in Ho Chi Minh City. The southern metropolis is home to the Vietnam International Financial Centre. (Photo: VNA)

Vietnam International Financial Centre launches membership registration system

Integrated into the official Vietnam International Financial Centre portal at vifc.gov.vn, the online system for registering and recognising members provides a unified online service channel through which investors, organisations and businesses can complete procedures related to membership, from new registration and recognition to information updates and termination of membership.