BAC NINH, Vietnam, April 17, 2024 /PRNewswire/ — KCN Vietnam Group JSC (KCN Vietnam), an industrial property developer in Vietnam, officially broke ground today on a ready-built factory and warehouse project in the Thuan Thanh III Industrial Park – Zone B, Bac Ninh province. This ambitious endeavor marks KCN Vietnam’s inaugural foray into Bac Ninh, covering an expansive 14-hectare area and promising to deliver over 90,000 square meters of top-notch facilities available for lease.
The project in Bac Ninh, Vietnam is designed to draw considerable interest from diverse sectors, including high-tech, clean technology, electronics, light industry, food processing, and various supporting industries. Its appeal lies not only in its premium industrial infrastructure but also in its strategically advantageous location, positioned at the northeastern gateway of Hanoi. This prime spot ensures seamless transportation access and proximity to key international airports and major seaports, enhancing its competitiveness and attractiveness for substantial foreign direct investment (FDI).
For years, Northern Vietnam has solidified its status as a major industrial hub, enticing FDI from global powerhouses. Among its regions, Bac Ninh stands out as a focal point for attracting investments, especially from Northeast Asian nations like China, Japan, and South Korea. According to the Foreign Investment Agency (Ministry of Planning and Investment), in the first quarter of 2024, Bac Ninh province secured the second position in the country for FDI attraction, with nearly USD 745.2 million in registered investment capital, accounting for approximately 12.1% of the national total. This achievement underscores the ongoing investments aimed at developing high-quality industrial infrastructure, including pre-built factories and warehouses.
KCN Vietnam is strategically expanding its investment footprint in key economic zones across the country. In addition to its ventures in the Southern region, the company has been active in the North with projects in Deep C (Hai Phong), Tan Hung (Bac Giang), and An Phat (Hai Duong). The newly developed 14-hectare project in Thuan Thanh III Industrial Park – Zone B elevates the company’s presence in Bac Ninh, adhering to modern industrial infrastructure standards.
This project boasts optimal ceiling heights, state-of-the-art fire-fighting systems, and efficient loading areas equipped with dock levelers. Notably, KCN Vietnam is committed to sustainable development, implementing solar power systems that contribute to resource conservation and environmental preservation.
Beyond its impressive infrastructure capabilities, KCN Vietnam provides extensive support to businesses navigating their investment and operational endeavors in Vietnam. This support ranges from insights into market dynamics and investment climate to tax incentive policies, helping investors through registration procedures and business establishment. Furthermore, the company offers consultations in legal, tax, accounting, and human resources, streamlining the entry process into the Vietnamese market and reducing both time and costs for businesses, thereby enhancing competitiveness.
Mr. Nguyen Duc Cao, Deputy Head of the Bac Ninh Industrial Zones Management Board, expressed enthusiasm about KCN Vietnam’s investment choice. He stated, “We deeply value KCN Vietnam’s decision to establish this ready-built warehouse and factory project. We look forward to witnessing its promising outcomes, which will bolster our capacity to attract FDI and enhance our position in national FDI attraction, promoting rapid and sustainable socio-economic growth.”
Mr. Truong Khac Nguyen Minh, Deputy General Director of KCN Vietnam, expressed confidence in the new project, noting, “We aim to accompany businesses throughout their investment journey. This project in Bac Ninh will provide additional high-quality options for ready-built warehouses and factories in the Northern key economic area. We plan to continue intensifying our investment and developing more industrial projects across the country.”
With its strategic location and strong commitment to sustainable investment practices, KCN Vietnam’s ready-built factory and warehouse project in Bac Ninh is positioned to create substantial competitive advantages. It is expected to attract foreign direct investment (FDI) and will significantly contribute to the advancement of Bac Ninh province and the broader national economy. Additionally, the project is anticipated to generate numerous job opportunities for the local community, enhancing the quality of life and fostering regional economic growth.
ABOUT KCN VIETNAM
Since its establishment in 2021, KCN Vietnam has aimed to meet the growing demand for high-quality industrial rental properties. The company’s mission encompasses developing, designing, and managing industrial and logistical infrastructures that align with Vietnam’s sustainable growth objectives. With an initial land acquisition of approximately 200 hectares, the company has made over 300 million USD in investments.
Looking ahead, KCN Vietnam envisions expanding its portfolio to become the leading local industrial property platform. Their long-term goal is to be the first choice for customers’ needs while playing a vital role in establishing Vietnam as a global sustainable industrial hub.
KCN Vietnam has been recognized as the Best Industrial Developer by the Vietnam Outstanding Property Awards 2023, according to Nhip Cau Dau Tu Magazine, and has earned a spot among the Top 10 Developers in Vietnam at the BCI Asia Awards in 2023.
SOURCE KCN Vietnam
