Overview of Khai Quang Industrial Park

As of now, Vinh Phuc province has established 17 industrial parks (IPs), comprising 4 with foreign investment and 13 with domestic investment, totaling approximately US$246.82 million and VND17,662 billion in registered capital. The approved construction planning covers a total area of 3,142.96 hectares, with 2,356.85 hectares designated for industrial and service use. Currently, nine industrial parks are operational, and the industrial land leased to secondary investors for factory construction amounts to 1,051.67 hectares.

In the first nine months of 2024, the Vinh Phuc Industrial Zones Management Board advised the Provincial People's Committee on several approvals, including the approval of the investor for Phuc Yen Industrial Park (Decision 324/QD-UBND, February 21, 2024), submission for the detailed construction planning of Son Loi Industrial Park (Decision 335/QD-UBND, February 22, 2024), granting the investment registration certificate for the infrastructure project of Phuc Yen Industrial Park, and making adjustments to the investment registration certificates and policies for Nam Binh Xuyen, Ba Thien II, and Son Loi industrial parks.

Additionally, efforts are underway to prepare the Pre-Feasibility Study Report for Chan Hung Industrial Park while consulting with relevant agencies on the planning and appraisal of the General Urban Planning project through 2035 and the 2024 Land Use Plan for Vinh Yen, Yen Lac and Song Lo. In the first nine months of 2024, the board also issued 23 new construction permits and granted renovation and repair permits for two projects.

In the last months of the year, the Provincial Industrial Zones Management Board will focus on coordinating with investors, the Song Lo District People's Committee, and many departments to initiate construction on the Song Lo I, Phuc Yen and Nam Binh Xuyen industrial parks. Additionally, the board will work with the Vinh Tuong and Lap Thach districts to expedite the approval process for the pre-feasibility study report, which will be submitted to the Ministry of Planning and Investment for appraisal and subsequently to the Prime Minister for approval of the Chan Hung Industrial Park Infrastructure Construction and Business Investment Project. Furthermore, efforts will be made to finalize the investment policy proposals for Lap Thach I and Lap Thach II Industrial Parks. The board will also collaborate with relevant agencies to urge infrastructure developers to complete land compensation, land clearance and further develop infrastructure for established industrial parks, including Khai Quang, Binh Xuyen, Ba Thien, Ba Thien II, Son Loi and Tam Duong II - Zone A. This aims to create clean land funds to attract investors and address challenges faced by each industrial park.