Business

SBG permitted to expand Quang Chau Industrial Park

Saigon – Bac Giang Industrial Park Corporation (SBG), a subsidiary of Kinh Bac City Development Holding Corporation, has just received approval to expand 90 hectares of Quang Chau Industrial Park.
SBG permitted to expand Quang Chau Industrial Park ảnh 1Foxconn factory in Quang Chau Industrial Park in Bac Giang province. (Photo: KBC)
Hanoi (VNA) – Saigon – Bac Giang Industrial Park Corporation (SBG), asubsidiary of Kinh Bac City Development Holding Corporation, has just receivedapproval to expand 90 hectares of Quang Chau Industrial Park.

The IP is located in Quang Chau commune, Viet Yen district,northern Bac Giang province, with investment capital of 996 billion VND (42million USD).

The Quang Chau Industrial Park, invested by SBG, is one ofthe typical industrial parks of Bac Giang province, which is planned to investand develop according to the model of a modern architectural complex includingan industrial park, urban area, utility and service area.

The expansion will increase the industrial park from426 hectares to 516 hectares. The existing industrial park of 426 hectares has beenfilled with 100% industrial land, attracting 41 investment projects, including37 FDI projects, four domestic investment projects with a total investmentcapital of up to 2.8 billion USD, creating jobs for about 67,000 workers.

Typical large-scale investment projects are from Foxconn(with projects of member companies such as Fuhong, Fuyu, Fukang), Luxshare-ICT,JA Solar, Siflex, Samkwang, Crystal Martin, Lens.

The expansion phase with an area of more than 90hectares, which has just been signed by the Prime Minister approving theinvestment policy for the project, has also attracted many large investorsinterested in surveying, registering to rent with high occupancy rate, reachingmore than 90%.

In particular, Foxconn Group, a large satellite of AppleCorporation, after surveying the site, signed a Memorandum of Understanding onsubleasing land with SBG in August, confirming the sublease of 50.5 hectares toimplement an investment project focusing mainly on manufacturing Apple productsin the province with an investment capital of more than 300 million USD./.
VNA
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