Nam Binh Xuyen Industrial Park, also known as Green Park Vinh Phuc, is located in Binh Xuyen district, Vinh Phuc province. The industrial park aims to become the most modern production base in the North, with a strategic location, an integrated infrastructure, and a favorable tax policy. The industrial park has attracted many investors, especially from South Korea.
CNCTech partners with a Korean corporation to develop the Nam Binh Xuyen Industrial Park project
Nam Binh Xuyen Industrial Park was approved by the Prime Minister in March 2021 and licensed for construction by the Vinh Phuc Provincial People’s Committee in January 2022. The project covers a total area of 295.74 ha, of which 200.41 ha are rentable. The project is located in Huong Canh and Dao Duc towns and Phu Xuan and Tan Phong communes, and is divided into two phases. The project is invested by Nam Binh Xuyen Green Park Development Co., Ltd, a joint venture between J&D Partner Co., Ltd and VK Investment Consultancy Co., Ltd, with a total fund of more than VND2,200 billion. The first phase is expected to be completed and ready for infrastructure leasing in October 2024.
On September 15, 2023, PNX Group - South Korea’s leading multinational real estate and financial investment group (the parent company of J&D Partner Co., Ltd) signed a strategic cooperation agreement with CNCTech Group on Nam Binh Xuyen Industrial Park development. The agreement aims to build modern industrial park infrastructure, including an IMS automatic warehousing system, an AI-powered security system and an epidemic prevention control system, a “green park” with a 10-ha regulating lake and a rooftop solar panel system that generates electricity.
At the signing ceremony, Mr. Nguyen Van Hung, Chairman of the Board of Directors of CNCTech, said: “CNCTech has been one of the reputable Vietnamese brands in the technological industry and industrial infrastructure for 15 years. We understand the needs of our customers and adapt to the market demands. We have cooperated with many global tech firms to provide comprehensive infrastructure and integrated production solutions to capture the new wave of production expansion to Vietnam. We have also collaborated with large domestic and international logistics service providers and gradually participated in global value chains. CNCTech Group’s cooperation with PNX Group is not only a breakthrough in developing the industrial infrastructure market, but also helps attract investment, develop industries and boost socioeconomic development of Vinh Phuc province, bringing our total industrial land fund to 500 ha. With our capacity, experience and partnership with PNX Group, we are committed to building Nam Binh Xuyen Industrial Park into a modern, green industrial park in Vietnam in a short time to meet the high standards of the world-leading manufacturers.”
Also at the signing ceremony, Mr. Kwak Il Hwan, Vice Chairman of PNX Group, expressed his optimism for the cooperation between the two parties: “We are very impressed by the capacity and vision of CNCTech and hope that the cooperation will make both corporations grow stronger together. PNX will work closely with CNCTech to make Green Park a distinctive and exemplary project of Vinh Phuc province, as well as Vietnam.”
To develop Nam Binh Xuyen Industrial Park into the most modern production base in the North and attract manufacturers of electronics, telecommunications, machinery, automobile components, medical equipment, and optical products, the Vinh Phuc Provincial People’s Committee has held several meetings with the Vinh Phuc Industrial Zones Management Board, Binh Xuyen District People’s Committee, relevant agencies and investors to address challenges in land compensation, site clearance, human resource development and other issues.
With the timely support of Vinh Phuc province and the collaboration between CNCTech Group and PNX Group, Nam Binh Xuyen Industrial Park is expected to become the most modern production base in the North, create breakthroughs in industrial infrastructure market, and contribute to local economic development to bring more benefits to investors, workers and society.
By Nguyet Tham, Vietnam Business Forum
Vietnamese
