On the morning of October 18, information from the office of the People's Committee of Bac Ninh province said that Mr. Pham Van Thinh - Vice Chairman of the People's Committee of Bac Ninh province has just chaired a working session on the implementation of the Minh Duc - Shanghai - Ngoc Thien Industrial Park (IP) project, phase 1.
The investment project to build and operate the infrastructure of Minh Duc - Thuong Lan - Ngoc Thien Industrial Park, phase 1, has a scale of 163.61 hectares, with a total investment of VND 2,620 billion, implemented in Viet Yen, Tu Lan wards and Ngoc Thien commune.
The project's goal is to invest in the construction and completion of the industrial park technical infrastructure system to create a land fund for sublease; commercial and service business (selling, leasing accommodation, catering services, transaction offices, product display areas, ...), business of other related auxiliary infrastructure items in the industrial park.
According to the plan, from October 2025 to March 2026, the investor will focus on compensation and site clearance (GPMB) on a total area of 163.61 hectares, including 98.35 hectares of rice fields. The site clearance work is divided into 3 priority stages: Viet Yen Ward (44.01 ha), Tu Lan Ward (82.29 ha) and Ngoc Thien Commune (37.27 ha) and carry out legal procedures.
The project is expected to start construction in March 2026 and be completed and put into operation in March 2028.
At the meeting, the investor's representative recommended that the Provincial People's Committee direct relevant departments and branches to urgently implement site clearance compensation for investors to implement the project; promptly include the project in the List of projects that must change the purpose of using rice-growing land, protective forest land, special-use forest land, and production forest to carry out procedures for land allocation and land use conversion.
Concluding the working session, Vice Chairman of the Provincial People's Committee Pham Van Thinh assigned tasks to each Department, branch and locality to speed up the implementation of the project according to the set plan.
For the project investor, Kinh Bac Service Joint Stock Company, Mr. Pham Van Thinh requested to quickly complete the project to set a mark and submit to the Department of Construction; fully and promptly arrange funding for site clearance, ensuring compensation work is carried out continuously and without interruption.
After the merger, Bac Ninh has 33 industrial parks with a total area of over 10,100 hectares, with an occupancy rate of about 56%.
In the first 9 months of the year, Bac Ninh province has attracted over 15 billion USD in converted investment capital. Of which, 162 new domestic investment projects and 262 FDI projects were granted. In terms of FDI attraction alone, Bac Ninh is currently leading the country.
Also in the first 9 months of the year, Bac Ninh ranked 2nd in the country in terms of export turnover, after Ho Chi Minh City.
