Gilimex Approved for Investment Project of 2,200 Billion VND in Nghia Hung, Bac Giang

Posted on 22 January, 2025

On January 21, 2025, Deputy Prime Minister Tran Hong Ha signed Decision No. 201/QD-TTg on the investment policy for the project of developing and operating the infrastructure of Nghia Hung Industrial Park, Bac Giang Province (the Project).

Gilimex Approved for Investment Project of 2,200 Billion VND in Nghia Hung, Bac Giang
The project covers a total area of 148.68 hectares

According to the Decision, the investor of the Project is Gilimex Bac Giang Industrial Park Joint Stock Company. The Project aims to develop and operate industrial park infrastructure.

The total area of the Project is 148.68 hectares, with a total investment capital of 2,200 billion VND, of which the investor’s equity contribution is 330 billion VND. The project has an operational duration of 50 years from the date of approval of the investment policy decision.

The Project is located in Dao My and Nghia Hung communes, Lang Giang district, Bac Giang province, with an implementation timeline of no more than 30 months from the date the land is handed over by the government.

The People’s Committee of Bac Giang Province will direct the Bac Giang Industrial Parks Management Board to guide the investor in specifying the project implementation timeline. Incentives, investment support, and applicable conditions will follow current legal regulations.

The Ministry of Planning and Investment is responsible for appraising the investment policy

The Decision emphasizes that the Ministry of Planning and Investment is responsible for appraising the investment policy content and managing the state’s responsibilities for industrial parks under the provisions of investment law and other relevant laws.

Relevant ministries are responsible for appraising aspects of the investment policy within their functions and duties as stipulated by the investment law and related regulations.

The Bac Giang Provincial People’s Committee will implement the plan for land recovery, compensation, support, and resettlement for the Project. It will also organize and execute plans for land conversion, leasing, and preparation for project implementation, ensuring compliance with approved documents regarding scale, location, and timeline. Additionally, the committee must ensure no disputes or complaints about land-use rights and supplement the area of specialized rice land affected or increase the efficiency of rice land use, as stipulated in Article 182 of the Land Law.

The Project’s strategic location

In 2024, Bac Giang attracted over 2.23 billion USD in investment capital, ranking 11th nationwide. Foreign direct investment (FDI) projects in the province focus primarily on manufacturing and processing electronic components, garments, and logistics. To date, over 30 countries and territories have invested in Bac Giang, affirming the province’s prominence as a key investment destination in northern Vietnam.

Situated along the economic corridor of Nanning (China) – Lang Son – Hanoi – Hai Phong and adjacent to the northern key economic region, Bac Giang enjoys excellent conditions for economic development and cultural exchange with neighboring countries.

The Project to develop and operate the infrastructure of Nghia Hung Industrial Park is strategically located in Nghia Hung and Dao My communes, Lang Giang district, Bac Giang province. The park offers excellent connectivity: 5km from National Highway 1A, 15km from Bac Giang city, 70km from Hanoi, 75km from Noi Bai International Airport, 130km from Hai Phong Port, 120km from Cai Lan Port (Quang Ninh), and 140km from Huu Nghi International Border Gate.

With its strategic location, the infrastructure development project of Nghia Hung Industrial Park, invested by Gilimex Industrial Park Corporation, is poised to become an ideal destination for both domestic and international investors, contributing to a dynamic, innovative, and sustainable industrial ecosystem in Bac Giang province.

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