Bac Tien Phong Industrial Park welcomes large FDI capital inflows

Bac Tien Phong Industrial Park welcomes large FDI capital inflows

With a favorable geographical location, Bac Tien Phong Industrial Park is becoming an attractive place to attract FDI investors, gradually asserting itself as a green and modern industrial park of Quang Ninh province.

Leaders of Quang Ninh province awarded the Investment Registration Certificate for the Boltun Vietnam bolt lock and stamping production project at the Conference to implement Resolution No. 30-NQ/TW of the Politburo on the development of delta areas. by the Red River.

In early January 2023, at Bac Tien Phong Industrial Park, Bac Tien Phong Industrial Park Joint Stock Company started construction of the BW Bac Tien Phong Industrial Development Project, with a total planned land area of 7.4 hectares, total investment of 20 .5 million USD. Project to build a system of high-quality ready-built factories and warehouses to serve production and business projects in Bac Tien Phong Industrial Park.

Most recently, on February 12, 2023, under the witness of Prime Minister Pham Minh Chinh at the Conference to deploy the Government's Action Program on implementing Resolution No. 30-NQ/TW (April 23). 11/2022) of the Politburo on socio-economic development and ensuring national defense and security in the Red River Delta, Quang Ninh province awarded an investment registration certificate for the project to produce latch and lock products. Boltun stamping (Boltun Vietnam) has an investment capital of 165 million USD (equivalent to over 4,000 billion VND) for 2 Taiwanese investors ( Bottun Corporation - one of the suppliers of latches for the manufacturing industry). the world's largest automobile manufacturer and QST International Corporation).

In this project, the investor will build a factory on a 35.27ha land area in Bac Tien Phong Industrial Park. The project will be implemented in 2 phases, with a total design capacity of 60,000 tons/year. Phase 1 is expected to start construction in the second quarter of 2023, after the investor completes investment procedures according to regulations.

Mr. Kevin Hsu, Vice President, Chief Financial Officer of Boltun Group, said: The quick and effective investment licensing process of the Quang Ninh Economic Zone Management Board helps us meet the project's urgent schedule. due to increasing customer demand. This is one of the main factors that made us decide to invest in Quang Ninh, along with abundant industrial development land fund and synchronous connection infrastructure.

Boltun Vietnam is a project in the field of supporting industries for the automobile industry, an area in which Quang Ninh province has especially promoted investment attraction in recent years. The project is expected to promote the electric car manufacturing industry in Quang Ninh and form a new automobile manufacturing industrial complex in Bac Tien Phong Industrial Park.

From the perspective of the industrial park developer, according to the leader of the DEEP C Industrial Park Complex, the growing market size and rapidly growing demand are important factors that attract automakers and their supply chains. coming to Vietnam to exploit a market of nearly 100 million consumers. In 2022, more than 20% of the land lease requests we receive will come from the automobile and auto ancillary manufacturing industry, making this the 3rd largest industry in DEEP C after electronics and petrochemicals .

With the flow of FDI capital increasingly pouring into the Industrial Park, in 2023, DEEP C focuses on investing resources and perfecting the infrastructure of Bac Tien Phong Industrial Park to promptly meet the needs of customers, especially for customers. with large projects using high technology. In particular, we are promoting and attracting investment from 4-5 investors in port infrastructure and port services to develop North Tien Phong Industrial Park and South Tien Phong Industrial Park into "all-in-one" multi-functional industrial parks. petrochemical complex and internal seaport system. Currently, these investors are negotiating with the investor to come to an agreement on a cooperation plan.

Mr. Bruno Jaspaert, General Director of DEEP C Industrial Park Complex, expressed his opinion: In 2023, we will focus on completing the technical infrastructure of Bac Tien Phong Industrial Park. With the province's overall solutions, investing in completing infrastructure in Bac Tien Phong Industrial Park will be an important factor to contribute to Quang Ninh province in attracting 1.2 billion USD of FDI investment capital into the locality. discuss industrial parks and economic zones in 2023.