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IPs Experiences
Last updated: 20/05/2008, 1:42 CH - View: 2087
Yen Phong IP (Bac Ninh province): appealing to foreign investors

 

As the essential component of Yen Phong Industrial Park and Urban Area Complex, Yen Phong Industrial Park covers the total area of 351.33 ha and is invested by Viglacera Real Estate Company (Viglacera Land). The IP is planned to construct a comprehensive and state-of-the-art infrastructure.

 

Being situated in the triangle area of growth (Hanoi-Hai Phong – Quang Ninh) and having proximity to seaport, Noi Bai International Airport, Yen Phong IP has completed its national transportation system, electric and water supply system, telecommunication network, and logistics centers; and now is developing diversified supporting services such as finance, banking, and customs clearance to create favorable conditions for investors. With the area of 3.5 ha, the indoor and outdoor logistics centers has met the business demands for storage, customs clearance and transportation of goods. Industrial sewage is collected and treated in a 7,000m3 sewage treatment plant whereas solid waste from factories is collected and classified before being treated.
Apart from the internal infrastructure, the IP developer pays much attention to comprehensively develop the social infrastructure and public utilities such as houses for employees, residential area, service area and entertainment complex to timely address and meet the demands of IP employees.
Since 2005 when being official constructed, Yen Phong IP has attracted 14 enterprises, of which 9 are foreign invested. Noteworthy, last March, 7 Korean corporations working in the field of information, high tech and electrical components including Alpha Precision, Emtech, Flexconn, Samyoung Technologies, Deaho, Sechin Electronics and Seoul Metal have signed the land leasing agreement in Yen Phong IP to construct plants specializing in electrical components, components for cell phone, LCD, cell phone keyboards, ect. Yen Phong IP is considered the center of 3 existing IPs namely Thang Long IP in Hanoi, Tien Son IP and Nam Son – Hap Linh IP in Bac Ninh, thus it is convenient for setting up factories and capital linkage between enterprises in the 3 IPs, said Mr Jeong Seung Kim, representative of Emtech Vietnam Co., Ltd.

Taking 7 Korean companies alone, the total registered area and investment capital reached 25 ha and 1,000 billion Vietnam dongs (equivalent to 62 million US dollars) respectively

© Vietnam Industrial Parks Review
Lisence No.: 69/GP-TTĐT dated 30th June, 2016 issued by Ministry of Information and Communications of The Socialist Republic of Vietnam
Governing Agency: Ministry of Planning and Investment of The Socialist Republic of Vietnam
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