Want to be in the loop?
subscribe to
our notification
Business News
YEN LU INDUSTRIAL PARK: NEW DESTINATION FOR INVESTORS
Bac Giang is a destination chosen by many domestic and foreign investors thanks to its locational advantages and its most opening and favorable investment policies. Assisted by local authorities, Capella Land Joint Stock Company has effectively invested in industrial zones, especially Yen Lu Industrial Park - a new destination for investors, to contribute to the province’s success in investment attraction.
Building synchronous industrial zones
Capella Land Joint Stock Company, established in 2015, aims to become a leading professional industrial real estate investor in Vietnam. Capella Land is currently investing in many industrial parks in Ha Nam, Bac Ninh, Hoa Binh, Nam Dinh, Quang Binh and Bac Giang provinces.
In Bac Giang province, Capella Land invests in three industrial zones, including Nham Son - Yen Lu Industrial Complex in Yen Dung district and Doan Bai - Luong Phong 2 Industrial Complex in Hiep Hoa district. Nham Son - Yen Lu Industrial Complex with a complete infrastructure system and a wastewater treatment plant has attracted 25 domestic and foreign investors, fully occupied its rentable area. Doan Bai - Luong Phong 2 Industrial Complex is stepping up land compensation and site clearance to invest in infrastructure construction and investment attraction from the third quarter of 2024.
While carrying out Nham Son - Yen Lu project and attracting investors, in late 2021, Capella Land was trusted by the Bac Giang Provincial People’s Committee to obtain the investment license for 337-ha Yen Lu Industrial Park in Yen Dung district at a total cost of VND2,691.9 billion. This key project should receive great attention and support from Bac Giang authorities at all levels.
With a strategic location, 55km from the center of Hanoi, 15km from Bac Ninh City, 10km from Bac Giang City, 50km from Noi Bai Airport, 90km from Hai Phong Port and 120km from Huu Nghi International Border Gate (Lang Son), Yen Lu Industrial Park is attracting the attention of investors because of its smooth connectivity with many arterial roads like National Highway 17 and National Highway 18 linked to Hai Phong Port. The trunk road of the industrial park is part of Provincial Road DH5B linking National Highway 17 with National Highway 1A and part of the road leading to Beltway 4. Currently, Road DH5B is being urgently completed by Bac Giang province.
Besides, Yen Lu Industrial Park is located in the industrial hub of Bac Giang and Bac Ninh provinces and adjacent to many existing industrial parks like Van Trung, Quang Chau, Que Vo and Song Khe - Noi Hoang. Designed to be for multi-industries, the park gives priority to electrics, electronics and mechanical industries with modern, advanced and environmentally friendly technologies. Investment projects can lease land to 2071 and enjoy a two-year exemption of corporate income tax (CIP) and a 4-year 50% reduction of CIP in addition to land rent exemption and reduction incentives.
Capella Land is committed to accompanying investors and providing support services for land lease procedures, investment licensing procedures and infrastructure services to meet their production and business needs.
Siding with authorities and investors
Mr. Bui Dinh Chien, General Director of Capella Land Joint Stock Company, said: In order to have a clean site for infrastructure construction and investment attraction, Capella Land has coordinated with the Bac Giang Industrial Zones Authority, relevant agencies and the Yen Dung District People's Committee to establish and agree on a detailed action plan for the project with the goal of “Quick compensation - Quick construction - Quick investment attraction” to woo potential investors and quality projects.
Although land compensation and site clearance are quite difficult because the project lies on many old farms, with the drastic leadership of provincial authorities and the close coordination of Capella Land and local agencies, the site clearance at Yen Lu Industrial Park has positive progress. As of March 2024, Yen Lu Industrial Park had completed land compensation and site clearance of 300 hectares. Essential infrastructure like power grid, water supply system, roads and wastewater treatment plant with a daily capacity of 6,000 cubic meters have been constructed. The park has attracted two projects: Yonz Technology (Singapore) invested US$100 million in a solar panel frames manufacturing factory and Econy Vina (South Korea) invested US$20 million in a phone screen glass and electronic component manufacturing factory. Both projects were expected to go into operation and hire 2,000 workers in 2024.
General Director Chien added: Trusting the drastic direction of provincial leaders and the support and facilitation of the Bac Giang Industrial Zones Authority, competent agencies, Yen Lu Industrial Park invested by Capella Land will bring commercial success, create jobs for local people, and help attract investment fund for local economic development.
Source: VCCI
Related News
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
VIỆT NAM-CAMBODIA TRADE GATHERS PACE TOWARDS $20 BILLION TARGET
Trade between Việt Nam and Cambodia continues to grow, remaining a bright spot and a key pillar of bilateral cooperation as the two countries aim to raise two-way trade to US$20 billion in the coming years. After setting a record of more than $11.3 billion last year, bilateral trade reached about $8.7 billion in the first eight months of this year, up 8.3 per cent year on year.
TECHNOLOGY
AI BEGINNING TO RESHAPE RECRUITMENT CRITERIA
Digital literacy is the only capability area in which fresh graduates meet employers’ expectations, according to a new report. Yet, it is also the standard rising fastest, as businesses increasingly expect new hires to use AI effectively in the workplace. Some 83 per cent of employers say AI has changed, or is beginning to change, their hiring criteria, while 94 per cent report higher expectations for digital and AI capabilities than they had two to three years ago.
INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT
ĐÀ NẴNG GREEN-LIGHTS US$105 MILLION THAI DEVELOPMENT DEAL
The central city has approved an investment proposal by Thailand’s WHA Group to develop infrastructure for the 400ha WHA Đà Nẵng Industrial Park project on two communes of Thăng Bình and Đồng Dương, with an investment of more than VNĐ2.7 trillion (US$105 million). The city said it approved WHA Industrial Development International's status as an investor in the project, which is expected to take place between 2027 and 2034.
VIETNAM ECONOMY INVESTMENT
MOBILE PHONE EXPORTS RISE 20% TO $51.8 BILLION IN FIRST NINE MONTHS
Exports of mobile phones and components rose 20 per cent year-on-year to nearly US$51.8 billion in the first nine months of 2026, with China, the US and Republic of Korea accounting for more than half of the total. Shipments to the three markets reached a combined $26.18 billion, or 50.6 per cent of total exports of the product group during the period, according to data from the Vietnam Department of Customs under the Ministry of Finance.
VIETNAM ECONOMY INVESTMENT
FRUIT AND VEGETABLE EXPORTS POISED TO HIT $10 BILLION IN 2026
Fruit and vegetable exports are on track to reach nearly US$10 billion in 2026, after rising 19.9 per cent year on year to nearly US$7.4 billion in the first nine months, driven by strong seasonal demand and abundant tropical fruit supplies. The Ministry of Agriculture and Environment said the growth reflected stronger international demand for fresh produce and processed agricultural products.
GARMENT / TEXTILE
TEXTILE EXPORTS FACE DUAL CHALLENGES OF SUSTAINING ORDERS AND BOOSTING EFFICIENCY AMID GROWING COMPETITION
Data shows that the textile and garment sector maintained its growth momentum in the first nine months of this year. The industry's total export turnover reached an estimated US$35.721 billion in the first nine months of this year, up 3.3 per cent year-on-year. Despite posting encouraging export figures, Vietnamese textile and garment enterprises continue to navigate unpredictable market variables.
Events Sponsors
