Industrial properties are considered to be the most attractive segment in 2019. Bac Ninh and Hai Phong still maintain their position as one of the most FDI attracting destinations in the North. Both of these provinces possess all important criteria to enhance the growth momentum such as synchronized infrastructure systems connecting to large consumer markets and continuously improved policies to support businesses from the provincial government, creating a favorable business environment to support large manufacturers.
What is KTG Industrial investing in Yen Phong Industrial Park – Bac Ninh?
In the past year, KTG Industrial has implemented a series of projects of industrial and logistics center located in key industrial zones in the northern provinces and cities such as Hanoi, Bac Ninh,… and in Hai Phong, Hung Yen in the future with an average area ranging from 20,000 to 60,000 square meters. As part of market expansion strategy, KTG Industrial will continue to cover it to densely appear in 2020.
It is always a hot spot for FDI attraction, Bac Ninh – an industrial center, a trade hub between: Hanoi and Lang Son – China, easy connection with Hai Phong – the largest seaport in the North, Quang Ninh – Northern tourism center and an attractive property market for investors. Bac Ninh is currently the most exciting property market in the North because of its full range of factors: large supply, affordable prices and attractive profit potential.
Catching clement weather, favorable terrain and concord among the people, KTG Industrial “severely” deployed the Industrial And Warehouse Center in Yen Phong Industrial Park in turn with 2 consecutive projects with factories, warehouses and especially, the Mini factory appeared in phase B. Yen Phong Industrial Park – Bac Ninh has a total area of 658 ha and is the leading modern and synchronous industrial park in Northern Vietnam. The project has attracted large FDI inflows (10 billion USD), contributing greatly to put Bac Ninh in the Top 10 of the country in terms of FDI attraction for many consecutive years. Yen Phong Industrial Park has a perfect system of utilities, next to the Industrial Park is an urban area of 51.6 hectares, which provides tens of thousands of accommodation for workers and experts working in the Industrial Park and utility services, satisfying living and settlement needs for workers. Currently, there are more than 100 huge brands: Samsung, Orion, Dongsin, Mobase, Dawon Vina, Hansol, Ottogi, KCC … in Yen Phong Industrial Park – Bac Ninh.
Industrial and logistics center phase A invested, built and leased by KTG Industrial, has almost completed construction of 90%, while it handed over to businesses to prepare to put into operation and production. The average area of factories and warehouses stage 1 ranges from 2,000 square meters, 7 meters in height and a floor load of 1.5 tons / m2. The work ensures construction in accordance with standards, infrastructure, adequate utilities and services, meeting the needs of businesses in operation and production. The spaces inside are cleverly arranged, and flexible leasing areas depend on the needs of the businesses.
KTG Bac Ninh Industrial and Logistics Center phase B with flexible leasing area from 2,400 – 6,560 square meters. In addition to similar products of phase A, the special feature of phase B is the launch of Mini factory that can divide units from a minimum unit of 800 square meters to serve businesses of small and medium-scale production, wishing to expand their business with a reasonable budget and to serve foreign investors to open small factories to explore the market and investment environment before deciding to make long-term investments in Vietnam. On the other hand, this is a new product that is part of KTG Industrial’s product diversification strategy to meet the increasing needs of new, modern production processes, optimizing the area of space used.
In addition, all factories built in phase B can raise the floor to a 2-storey factory if the customer needs to use it. These factories are suitable for businesses that produce products with a low total weight, operating in high-tech, supporting industries, small and medium businesses currently using modern technologies and equipment with good treatment solutions for solid waste, wastewater, emissions, noise and vibration. This is an important improvement to help businesses save land resources, rental costs and investment budget when renting a multi-storey factory. Right from this point, businesses have begun to “deposit” to own a good location with extremely reasonable costs.
2. The reason of vibrant Bac Ninh property market
Bac Ninh currently has 14 provincial roads with a length of nearly 270 km, including routes: Ho Bridge, Binh Than Bridge, Provincial Highway 295B, National Highway 17, Provincial Highway 286, National Highways 1, 18 and 38 connecting Noi Bai airport, Hanoi and international border gates and ports of Lang Son, Hai Phong and Quang Ninh. In recent years, Bac Ninh province has boosted investment and completed transportation infrastructure to increase competition and promote economic potential.
For many years, Bac Ninh has always been in the list of provinces with rapid economic development, its economic structure gradually changes to industrial and service structure.
In 2018, according to the report of the province, the growth rate of total product of the whole Bac Ninh increased by 10.6% in comparison with 2017, further confirmed its position as extremely growth of the Northern region and the whole country. It is also known as the “Northern FDI capital” when it attracts 34 countries and territories, invests in 14 industries and fields, ranks 6th in the country in terms of investment capital. The province is also attracting about 60,000 foreign engineers and experts to work in industrial parks, and such labor force is increasing by 20-25% per year.
Accumulated to the end of 2018, the province attracted about 1,300 valid FDI projects with a total investment capital of 17.2 billion USD.
Along with that, the possession of large land fund is also an attraction to help the province attract large domestic businesses such as Kinh Do, Hong Hai, Vinamilk, Vinasoy and international businesses such as Canon (Japan), Hong Hai (Taiwan), Microsoft, Samsung (Korea)…
3. KTG Industrial and development opportunities in the Northern industrial property market.
Not setting aside the harsh spiral of competition, KTG Industrial aims to expand the market across the major provinces and cities in the North in the future, improve quality and meet more needs of customers in the design, construction or investment procedures before, during and after becoming a customer of the company.
Compared to competitors in the same segment, KTG Industrial is confident to be able to provide the best services with reasonable prices, jointly negotiate, communicate and support so that the two parties can establish the best cooperation and take the interests of customers as the basic condition for business development.
For more information, please contact:
Hotline: 0896 896 899
Email: ktgindustrial@ktg.com.vn
Website: www.ktgindustrial.com
