As the smallest province in Vietnam – only 822.68 km2, Bac Ninh is famous as the “FDI center” of Vietnam, attracting many investors to choose as the location for factory construction.
Attractive investment environment
Bac Ninh has all the factors of political stability, always focuses on administrative reform, develops many preferential investment policies for businesses, etc., creating a modern and open business investment environment. It is no coincidence that Bac Ninh ranks among the top provinces in the country in terms of attracting FDI, the occupancy rate of industrial parks is always above 75%. Large multinational corporations in the world such as Samsung (Korea), Canon (Japan), Foxconn (Taiwan), … have all chosen to invest in factory construction in Bac Ninh.
Facing complicated developments of the Covid-19 epidemic, the province also actively implemented many methods to support and accompany investors to solve difficulties and problems, both effectively fighting against the epidemic and improving production. With programs such as Enterprise Doctor Model, Business Support Working Group…; Bac Ninh creates all the most favorable conditions for investors.
On July 17, 2021, Bac Ninh held a conference to solve difficulties with nearly 200 businesses, and at the same time launched a quick response team to support businesses.
In the context of the Covid-19 pandemic, global investment has declined sharply, but Bac Ninh’s attractiveness to foreign investors is still very good. According to the Bac Ninh Provincial People’s Committee, the Gross regional domestic product (GRDP) in the first six months of the year increased by 7.45% over the same period in 2020. According to a report by the Statistics Department, in the first quarter of 2021, despite the quantity FDI enterprises investing in Bac Ninh decreased, but the total registered capital increased more than 2 times over the same period last year.
Favorable geographical location
Geographical location is an important factor that makes Bac Ninh attractive to many investors and chosen as the location of industrial factory construction. Bac Ninh is located in the key economic triangle of Hanoi – Hai Phong – Quang Ninh, adjacent to the major economic centers of the North. The geographical location is convenient for economic exchange and goods movement, extremely suitable for large factory construction projects in Bac Ninh.
Bac Ninh is only a 40-minute drive from Hanoi, half an hour from Noi Bai airport and only about two hours from Hai Phong port.
Bac Ninh currently has 16 concentrated industrial parks approved by the Prime Minister with a total area of 6,397.68 ha. Industrial parks are synchronously invested in infrastructure, transportation as well as the ability to supply electricity, water, … to meet the production demands of factories.
Geology is suitable for factory construction in Bac Ninh
In factory construction, geological survey is an extremely important stage, a premise for production and business activities, not only helping investors have the optimal solution for machine foundations but also saving investment costs while ensuring production quality. Many factory general construction contractors in Bac Ninh assessed that this province has flat terrain and stable geology.
Read more: Power Plus Technology Factory Construction Project
Compared with other factory projects that DELCO has constructed in industrial parks of Bac Giang, Hung Yen, Ha Nam, Vinh Phuc, Binh Duong, …, Bac Ninh is one of the location where the ground has good bearing strength. The average depth of the pile foundation to reach a good soil layer is only from 16m to 22m, it does not cost much to drill, press the pile, construct the factory foundation or improve and reinforce the foundation. The solid and stable geological factor makes the industrial factory construction in Bac Ninh more convenient, saving more costs.
Read more: Curious Seiki Vietnam Factory Construction Project – Phase 1, Phase 2
As a Design – Build General Contractor for many large factories in Bac Ninh such as Power Plus Technology Factory – Que Vo III I.P, Curious Seiki Vietnam Factory – Tien Son I.P, Rare Earth Manufacturing and Refining Factory – Khai Son I.P, Akebono Kasei Vietnam Factory – Tien Son I.P, …, so DELCO’s engineers and staff are knowledgeable about the investment environment here. These relatively accurate consulting and evaluation experiences are very important in the investment and construction of the factory, helping the investment procedures to be completed quickly, neatly, accurately and effectively. Most foreign investors when coming to provinces in Vietnam rely on these consulting services.
Source: e-newspaper VTC News
