The industrial real estate market in the Northern region continues to witness strong developments as Bac Ninh province has just officially established 3 new industrial clusters with a total area of about 170 hectares and a total investment capital exceeding VND 2.400 billion. This move not only affirms Bac Ninh's position as an industrial locomotive but also opens up many new opportunities for domestic and foreign investors and businesses.
Details of newly established industrial clusters
According to the decision of the People's Committee of Bac Ninh province, the three newly approved industrial clusters include:
- Tam Da – Dung Liet 2 Industrial Cluster: Area of about 51,1 hectares, invested by An Binh Construction Company Limited with a total investment of about 873 billion VND. This cluster focuses on developing clean industries, high technology, small-scale industries and supporting industries.
- Lac Ve Industrial Cluster: Area 45,5 hectares, investor is Dabaco Vietnam Group with total capital of 502 billion VND. Main industries include production of animal feed, veterinary medicine, plastic products, packaging, livestock, poultry, aquatic products... In particular, production activities here all ensure clean criteria, do not cause environmental pollution.
- Phu Lang Industrial Cluster: Area of 75 hectares, invested by Vinaconex Bac Ninh Group with total capital of 1.068 billion VND. This cluster is oriented to develop processing, manufacturing, supporting industries, electricity - electronics, production of textile and garment raw materials, footwear, agricultural processing, logistics and other industries in accordance with planning and environmental protection requirements.
New impetus for growth and investment attraction
The establishment of new industrial clusters is part of the strategy to expand industrial space and increase the capacity to receive investment projects, especially in the context of Bac Ninh continuously leading the country in attracting FDI. Currently, the whole province has 15 industrial parks and 37 industrial clusters with more than 2.600 operating enterprises, creating a solid foundation for local socio-economic development.
At the same time, the connecting infrastructure in Bac Ninh is also being heavily invested, notably the Gia Binh airport project and the direct connection route to the center of Hanoi, contributing to improving the locality's competitiveness on the national industrial map.
Oppotunity and challenge
From my experience in monitoring the industrial market for more than 10 years, I have found that expanding industrial land funds in Bac Ninh is a timely move, in line with the global production shift trend and the expansion needs of large corporations. However, for sustainable development, Bac Ninh needs to continue to focus on synchronous planning, environmental protection, training high-quality human resources and ensuring social security policies for workers.
In particular, in the context of the proposal to merge Bac Ninh and Bac Giang into a new province, this area is expected to become an "industrial super city" and a new growth pole of the Capital region, attracting more large-scale projects, contributing to promoting the economic restructuring of the whole region.
Summary
Bac Ninh’s continuous addition of new industrial clusters with large scale, diversified industries and focusing on green, clean and modern factors is a positive signal for the industrial real estate market in the North. This is also a great opportunity for domestic and foreign enterprises and investors, while creating a driving force for sustainable socio-economic development for the locality in the new period.
