Nam Binh Xuyen Industrial Park was approved for investment by the Prime Minister under Decision 399/QD-TTg dated March 19, 2021; ratified the detailed construction planning by the Provincial People’s Committee under Decision 36/QD-UBND dated January 7, 2022. The industrial park covers a total of 295.74 ha, including 200.41 ha of industrial land for lease, and costs VND2,200.74 billion for construction (VND360.740 billion contributed by the investor). The land is reclaimed in Phu Xuan commune, Tan Phong commune, Huong Canh town and Dao Duc town. The project is divided into two phases, invested by Green Park Nam Binh Xuyen Development Co., Ltd (a joint venture of J&D Partner Co., Ltd and VK Investment Consultancy Co., Ltd).

Nam Binh Xuyen Industrial Park will be invested with an IMS automatic warehousing system, an AI-powered security and epidemic control system, a green park with a 10-ha regulating lake system and rooftop solar panels, he said. In addition, the park offers a tax exemption for the first two years and a 50% tax reduction for the next four years. The park is strategically located right at the southern gateway of Binh Xuyen district and in an area with many large industrial parks of Vinh Phuc like Binh Xuyen, Ba Thien, Thang Long and Son Loi. Currently, many investors are interested in Nam Binh Xuyen Industrial Park, especially those from Korea. The first phase, 150 ha, is expected to be leased to tenants from October 2024 and the second phase, over 140 ha, will be put into operation in 2026. Nam Binh Xuyen IP will attract investors in software, information technology, electronics, telecom, machine component, aviation parts, household appliance and consumer goods manufacturing.

To make Nam Binh Xuyen one of the greenest, smartest, most modern industrial parks in the north and attract manufacturers of electronics, telecom, machinery, auto components, medical equipment and optic equipment, the Vinh Phuc Provincial People's Committee has hosted many working meetings with the Vinh Phuc Industrial Parks Management Board, relevant agencies, the Binh Xuyen District People's Committee and investors to remove obstacles in land compensation, site clearance and human resource development. To date, 56 ha out of 290 ha has completed land compensation and site clearance; over 97 ha needs to be counted, declared and assigned to the owner; and 33.7 ha was approved of land compensation and support. The Binh Xuyen Land Clearance Council has paid for ground clearance of over 70.8 ha. The investor is preparing necessary documents for revised detailed planning; working with the National Power Transmission Corporation and the Northern Power Corporation to agree on funding, research, and modification of the 110kv line connected to the industrial park and relocation of 110kv transformers in the industrial park.

In the coming time, the Vinh Phuc Industrial Parks Management Board and the Binh Xuyen People’s Committee will continue to accelerate land compensation and site clearance to have a clean site for the investor to launch infrastructure construction investment soon. The Department of Natural Resources and Environment will coordinate with relevant agencies to review, resolve and guide the settlement of interspersed and difficult-to-cultivate land areas outside the project boundary. The investor will complete construction design drawing documents and application forms for construction permit.

With the timely support of Vinh Phuc province and Binh Xuyen district and the current capacity and experience of CNCTech Group and PNX Group, when completed, Nam Binh Xuyen Industrial Park will become one of the greenest, smartest and most modern industrial parks in Vietnam and meet strict requirements of world-leading manufacturers.