The project is expected to become a new growth engine, anticipating the wave of supply chain shifts and expanding the industrial development space in the Northern region.
The FECON IP Hoa Yen project has a scale of 256.68ha, with a total investment of more than 3,700 billion VND, oriented to develop according to a modern, synchronous industrial park model, associated with the urban - service ecosystem. This is FECON's next step in the strategy to expand the industrial real estate sector, after the FECON IP Hiep Hoa project started in 2025.
In the context of the North increasingly affirming its role as a new production center, especially in Bac Ninh - a locality that is always in the leading group in the country in attracting foreign direct investment (FDI), the development of more large-scale industrial parks is considered an urgent requirement. Along with that, expanding development space, strengthening regional linkages helps form new industrial corridors, and improve competitiveness in attracting investment.
Located at the gateway connecting Bac Ninh and the surrounding area, FECON IP Hoa Yen is positioned as an important node in the inter-regional industrial linkage network. The project has a great advantage in transport infrastructure when conveniently connected with Hanoi, Noi Bai and Gia Binh international airports, along with Hai Phong and Quang Ninh seaport systems and key economic corridors in the North.
The industrial park is planned in a multi-sectoral manner, prioritizing the fields of electronics, high technology, processing and manufacturing, and environmentally friendly manufacturing industries. Technical infrastructure systems such as electricity supply, water supply, wastewater treatment, and warehouses for lease are invested synchronously from the beginning, ensuring stable operating conditions for investors.
According to the plan, phase 1 of the project with a scale of 60ha will be implemented from April 2026 and is expected to be handed over at the end of the year. The entire project is expected to be completed in 2028, accompanied by a system of utilities and support services to build a modern, efficient and sustainable production environment.
Representatives of FECON Invest - the project investor - said that the enterprise's orientation for industrial park development is not only to stop at infrastructure investment but also to build an integrated ecosystem between production, services and urban areas. This is considered a long-term strategy to improve the industrial competitiveness of the Northern region.
In parallel with infrastructure investment, businesses operating in FECON IP Hoa Yen industrial park will enjoy many preferential policies according to regulations, such as corporate income tax exemption in the first 2 years, a 50% reduction in the next 4 years and the application of a preferential tax rate of 17%. In addition, businesses are also exempt from import tax on machinery and equipment to create fixed assets and some raw materials serving production.
In the next 5 years, the project is expected to contribute to creating jobs, increasing budget revenue and promoting the economic restructuring of Bac Ninh province towards industrialization and modernization. At the same time, the industrial park model associated with urban - service also contributes to improving the quality of life and sustainable development for the local community.
With a foundation of experience in infrastructure and technical construction, FECON is gradually affirming its position in the field of industrial park development - one of the strategic growth pillars of the enterprise in the coming period.
