Bac Giang’s FDI attraction ranks first in the country

According to the assessment of the Foreign Investment Agency (Ministry of Planning and Investment), with the amount of FDI attracted capital reaching more than 1.1 billion USD in the first quarter of 2023, Bac Giang ranked first in the whole country. In addition to large technology corporations such as Foxconn, Luxshare..., Bac Giang is also the destination of green projects such as Yadea Group manufacturing electric motorcycles, Fulian manufacturing electronic components, computers and equipment media or Hainan Longi Green Energy manufactures solar cells.

Due to choosing "good land", many economic groups and large enterprises are increasingly "proliferating and flourishing", reaping success in the province, so they constantly expand the investment scale.

"Bac Giang has good transport infrastructure, a highly skilled workforce and many incentives for businesses," said Hong Ki Kwang, director of a company in Bac Giang. this land.

Bac Giang attracts high-tech labor resources, experts and senior managers.

In fact, in terms of infrastructure, Bac Giang is popular with investors not only thanks to its current system but also in its visionary planning. This place currently has 6 industrial parks that are well-prepared in terms of infrastructure, with an area of ​​​​up to 1,460 hectares, ready to welcome foreign giants who have a "taste" for large-scale factories. .

In addition, few places are "incentivized" to 5 major national highways to connect in all directions like Bac Giang. In addition to National Highway 1 located in the Trans-Asian road system, there is also National Road 31 to Lang Son, the arterial routes of National Highway 37, National Highway 279 to the northern provinces, National Highway 17 connecting Bac Ninh and Hanoi.

Bac Giang’s infrastructure initiative, as said by Dr. Le Dang Doanh, former director of the Central Institute for Economic Management, is an important part of helping to invite the "big guys". Two other factors, according to him, are agility in solving problems for investors and actively removing bottlenecks in terms of mechanisms and procedures.

From a macro perspective, economist Nguyen Hoai An said that Bac Giang is a strategic convergence point, where the intersection of the most vibrant economic regions of the country. From Bac Giang to Hanoi and Noi Bai airport is only about 50km, about 100km from Huu Nghi border gate (Lang Son) and about 140km from Hai Phong with extremely convenient traffic.

Another key advantage of Bac Giang according to Dr. An is the labor force. There are currently over 1 million people of working age, of which the trained staff alone account for over 60%. In the area, there are 5 universities, colleges, 6 intermediate schools and up to 90 vocational training institutions that can provide high quality local labor.

"Bac Giang is meeting three core conditions to attract capital flows: strategic location, quality of labor and infrastructure," said Mr. An. Currently, Bac Giang is an important piece of the puzzle to create a new FDI triangle in the North, which is "Bac Giang - Bac Ninh - Thai Nguyen".

Vinhomes Sky Park caused a fever thanks to the wave of "migration" to Bac Giang

The fact that Foxconn opened the way to Bac Giang is a clear signal showing the shift of the global supply chain to Vietnam as predicted by experts. According to economic expert Pham Chi Lan’s analysis, capital from the US, Japan and the EU will also pour into Vietnam, creating a golden opportunity for the provinces.

Seizing the opportunity well, fertile lands like Bac Giang will have more motivation to develop many fields. According to Dr. Nguyen Hoai An, behind the wave of foreign capital is a team of talented workers and senior managers from the world and the country looking for a landing in Bac Giang. This is a high-income force, willing to pay big for a quality life. Therefore, all services from entertainment to health care according to Mr. An are likely to flourish.

According to him, the hottest thing is high-quality real estate because in fact, in Bac Giang, the supply of accommodation for high-class guests is still scarce. Many experts in industrial zones now have to travel more than a hundred kilometers a day because they are forced to rent houses in Hanoi to ensure living conditions.

"Real estate developers also see this potential and the market is heating up. The market will soon have waves, which means that the opportunity to catch up for investors is huge," Mr. An said.

In particular, Vinhomes is one of the investors to welcome the wave of FDI pouring into Bac Giang early with the high-class apartment tower Vinhomes Sky Park, the new symbol of the city on the rise.

Vinhomes Bac Giang owns the heart of Bac Giang City with 3 sides facing the river, adjacent to 3 large lakes.

The project owns an expensive location in the center of Bac Giang city, enjoying the full view of four open sides covering the whole romantic lake and river landscape. Convering all-in-one utilities right at the foot of the house, Vinhomes Sky Park with the model of a complex of apartment buildings combined with a podium shopping mall and adjacent shophouses promises to become a modern and trendy shopping and entertainment center. the new peak of Bac Giang. This will also be the place to choose the gold deposit of the community of successful individuals and international experts and managers in Bac Giang and surrounding areas.

With outstanding advantages, Vinhomes Sky Park is receiving special attention from investors and elites in Bac Giang, creating a new fever in the Northern real estate market.