Nearly 1,400 billion VND industrial cluster in Bac Ninh adjusts investment policy

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Bac Ninh - The Cach Bi industrial cluster project of Vietnam Trade Union Group Joint Stock Company has just been approved to adjust the investment policy.

Bac Ninh Provincial People's Committee has just issued a decision approving the adjustment of investment policy and at the same time approving the investor for the investment project "Investment project to build technical infrastructure for the Cach Bi supporting industrial cluster" of Vietnam Trade Union Group Joint Stock Company.

Accordingly, the project implementation location is in Bong Lai ward, Bac Ninh province.

Progress of capital contribution and mobilization of capital sources: investors contributed more than 208 billion VND in the period 2024 - 2027; mobilized capital is more than 1,179 billion VND, from the fourth quarter of 2024 to the end of the fourth quarter of 2027.

The project will carry out legal procedures, planning, land, construction, environment; compensation for site clearance, land allocation; deploy construction, complete and put the entire project into operation: By the end of 2027.

The investor, Vietnam Trade Union Group Joint Stock Company, is responsible for depositing to ensure the implementation of the investment project or must have a bank guarantee on the deposit obligation according to regulations.

In the process of project implementation, investors must fully comply with legal regulations on investment, land, construction, environment, fire prevention and fighting, labor, insurance, taxes and other related regulations of Vietnam.

At the same time, fully fulfill financial obligations regarding land and other obligations to the State, ensuring compliance with the provisions of law.

Implement investment activity reports according to regulations. Periodic reports are sent to the Bac Ninh Provincial Department of Finance and the Bong Lai Ward People's Committee for monitoring and synthesis according to their authority.

The decision also clearly states the responsibilities of relevant departments, branches, and localities in project implementation, including: Department of Finance, Department of Agriculture and Environment, Department of Construction, Department of Industry and Trade, People's Committee of Bong Lai ward.

It is known that the Cach Bi industrial cluster project has an area of more than 70 hectares.

In the land use structure, the project will allocate 34.6 hectares for factory and enterprise projects; 26.3 hectares for transportation; 7.7 hectares of green land and 1.5 hectares of technical infrastructure. Labor capacity is about 5,000 - 8,000 people.

In terms of nature, this is a cluster of supporting industries that focuses on attracting high-tech industries, light industries, prioritizing the development of clean, labor-less industries, electricity and electronics industries, mechanical manufacturing and processing industries, and non-polluting modern industries.

The total investment of the Cach Bi industrial cluster is VND 1,387 billion.

Bac Ninh province after the merger has about 100 industrial clusters.

In which, 30 industrial clusters were previously assigned to district-level People's Committees, commune-level People's Committees, and old district-level Industrial Zones Management Boards as investors, and more than 60 industrial clusters have been established with enterprises as investors.

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