Kinh Bac City Development Holding Corporation Thriving with Hau Giang Industry

2:10:22 PM | 6/13/2022

With its strengths in industrial and urban zone development, Kinh Bac City Development Holding Corporation (KBC) was licensed by Hau Giang Provincial People’s Committee to finance the construction planning for Song Hau 2 and Song Hau 3 parks and their adjacent supporting residential areas in Chau Thanh district. These important projects have helped carry out four pillars of economic development stated in the resolution of the Provincial Party Committee. This not only affirms KBC’s position and capacity, but also shows its commitment to and companionship with local development.

KBC is currently one of the leading investors and developers of industrial zones and urban areas in Vietnam. Over 20 years of development, KBC has always been the national leader in developing large-scale industrial parks which are strongly attracting foreign direct investment, especially into high-tech and environmentally friendly industries.

By the end of 2021, KBC managed more than 5,215 ha of industrial parks, accounting for 4% of the country's industrial park area and representing an expansion of 11% over the previous year. Its industrial property is mainly located in Long An, Hung Yen, Bac Ninh and Ho Chi Minh City. KBC's major customers are world-renowned corporations such as Canon, Foxconn, LG Electronics, LG Display, LG Innotek, Nippon Zoki, Hanwha, Samkwang, JA Solar, Crystal Martin, Luxshare ICT, Toyo Ink, Mitac and Goertek.In the urban and housing business, the corporation is investing in Phuc Ninh Urban Area (Bac Ninh), Trang Cat Urban Area (Hai Phong), Tay Bac Cu Chi Residential and Resettlement Area and other projects.In Hau Giang province, after studying the provincial planning, KBC proposed to the Provincial Party Committee, the Provincial People's Committee and Hau Giang Industrial Zones Authority for permission to survey, study, plan and invest in 119-ha Song Hau Industrial Park - Phase 2, 205-ha Song Hau Industrial Park - Phase 3 and their 142-ha adjacent supporting residential areas.KBC was committed to providing all funds and hiring a qualified consultant to survey, research and make the investment plan to apply for investment permits on infrastructure business in industrial parks.

When approved, the corporation will make a full report on the results to the Provincial People's Committee for approval as soon as possible and ensure that the industrial zone planning is coupled with an urban area development plan.Mr. Phan Minh Toan Thu, Branch Director of KBC HCM City Branch, said, along with regarding the socioeconomic development strategy of Hau Giang province in the 2021-2030 period, and with a vision to 2050, KBC realizes that there are many opportunities to expand investment for its existing customers and new customers in the future and also wishes to make valuable contributions to local socioeconomic development.Phase 2 and Phase 3 Song Hau Industrial Parks and their adjacent supporting residential areas are big projects in KBC’s development strategy in particular and Hau Giang province’s development strategy in general. Once completed, the projects will not only help boost investment inflows and industrial development, but also create stable jobs for local workers. In the coming time, besides focusing on investment development, KBC will also introduce to domestic and foreign partners and businesses seeking to explore cooperation opportunities. This will give a helping hand to investment attraction into the province.Remarking on the local business investment environment, Thu said that Hau Giang has locational advantages, rich potential, an abundant industrial land fund, with an open investment policy. In the coming time, the province should further reform administrative procedures, especially relating to investment licenses; keep regular face-to-face meetings and dialogues with enterprises to have prompt solutions to their difficulties and problems and provide favorable conditions for them to do business.In addition, infrastructure is always one of the top priorities to any investors when they make an investment decision.

Hau Giang province needs to improve infrastructure and site clearance, install the national power grid, ensure that there is always enough power supply for production, build water supply plants, and install synchronous telecommunications systems.Moreover, the province should foster training and improve the quality of human resources to operate modern technology, machinery, equipment, and techniques.“Hau Giang strives to become a well-developed industrial province by 2030 and an industrial and logistics center of the Mekong Delta by 2050. KBC is committed to always accompanying and making efforts with the Hau Giang industry to reach new development levels in the journey to realize that aspiration,” he added.

Source: Vietnam Business Forum