July 20, 2023 | 11:15

Bac Giang approves planning for 5 IPs

Thanh Xuân

Total area of new industrial parks to exceed 1,100 ha.

Bac Giang approves planning for 5 IPs

The Bac Giang Provincial People’s Council has approved master planning for five industrial parks (IPs) on a total area of over 1,100 ha.

All are envisioned to become modern, multi-industry facilities.

The Prime Minister earlier allowed the province to conduct planning for the development of 29 IPs in 2023 on a total area of 7,000 ha.

Eight IPs have investment policies approved by the Prime Minister and post occupancy rates of around 75 per cent.

The province attracted over $1.3 billion of FDI in the first half of the year, up 44 per cent compared to the same period last year and ranking it second nationwide in FDI attraction.

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