Gilimex given approval for $87.5 million industrial park in Bac Giang

According to the decision, the investor of the project is Gilimex Bac Giang Industrial Park JSC, which will be responsible for the development and operation of the industrial park's (IP) infrastructure.

The total area of the development is 148.68 hectares, with an investment of VND2.2 trillion ($87.5 million), of which the Gilimex's equity contribution is VND330 billion (nearly $13 million). The undertaking has an operational duration of 50 years from the date of approval of the investment policy decision.

The IP is located in Dao My and Nghia Hung communes, Lang Giang district, Bac Giang province, with an implementation timeline of no more than 30 months from the date of the land being handed over by the government.

Bac Giang People's Committee will direct the Bac Giang Industrial Parks Management Board to guide the investor in specifying the implementation timeline. Incentives, investment support, and applicable conditions will follow current legal regulations.

The decision stresses the responsibility of the Ministry of Planning and Investment in appraising the content of the investment policy and managing the state’s responsibilities for industrial parks under the provisions of investment law and other relevant laws.

Relevant ministries are responsible for appraising aspects of the investment policy within their functions and duties as stipulated by the investment law and related regulations.

Bac Giang People's Committee will implement the plan for land recovery, compensation, support, and resettlement for the venture. It will also organise and execute plans for land conversion, leasing, and preparation for implementation, ensuring compliance with approved documents regarding scale, location, and timeline. Additionally, the committee must ensure no disputes or complaints about land-use rights and supplement the area of specialised rice land affected or increase the efficiency of rice land use, as stipulated in Article 182 of the Land Law.

In 2024, Bac Giang attracted over $2.23 billion in investment capital, ranking 11^th nationwide. Foreign-invested projects in the province focus primarily on manufacturing and processing electronic components, garments, and logistics. To date, over 30 countries and territories have invested in Bac Giang, affirming the province's prominence as a key investment destination in northern Vietnam.

Situated along the economic corridor of Nanning (China) – Lang Son – Hanoi – Haiphong and adjacent to the northern key economic region, Bac Giang enjoys excellent conditions for economic development and cultural exchange with neighbouring countries.

Nghia Hung IP offers excellent connectivity as it is just 5km from National Highway No.1A, 15km from Bac Giang city, 70km from Hanoi, 75km from Noi Bai International Airport, 130km from Haiphong Port, 120km from Cai Lan Port in Quang Ninh, and 140km from Huu Nghi International Border Gate.

Gilimex Industrial Park builds foundation for modern and sustainable industry Gilimex Industrial Park JSC is at the forefront of innovation for the development of modern and sustainable industry in Vietnam.

Driving innovation to boost investment in Vietnam's industrial park network Innovation has become a key factor in driving economic development and enhancing national competitiveness in the context of globalisation and a strong shift of foreign direct investment.

Bac Ninh welcomes new premium industrial real estate project The premium industrial real estate project, SLP Park Bac Ninh, located in Thuan Thanh 2 Industrial Park, is set to be completed by the end of the month.