Bac Tien Phong Industrial Zone in Quang Ninh Province

Highlights of the Bac Tien Phong Industrial Zone

• Superior geographical location, conveniently connected to economic centers
• Modern infrastructure that meets the needs of businesses
• Attractive investment incentive policies that create a favorable investment environment
• Strong economic development potential, attracting many large projects
• Abundant human resources to meet the needs of enterprises

Geographical Location of the Bac Tien Phong Industrial Zone

The Bac Tien Phong Industrial Zone is an attractive destination for investors. Its geographical location in Lien Hoa, Quang Yen Town, Quang Ninh Province is advantageous. It lies within the key economic region of Quang Ninh Province, connecting to major domestic and international economic centers.

Superior Transportation Advantages

This industrial zone has a synchronized transportation system that includes roads, railways, and seaports. This provides significant transportation advantages. Businesses can easily access large markets, promoting production and export.

• The road system connects with major highways such as National Highway 18, National Highway 5, and modern expressways.
• The railway connects to major industrial centers such as Hanoi and neighboring provinces.
• Cái Lân Port is near the industrial zone, facilitating import and export activities.

The strategic geographical position of the Bac Tien Phong I.Z is a significant competitive advantage compared to other industrial zones in the region. Thanks to its transportation advantages and geographical location, the Bac Tien Phong I.Z has become a bright spot in the key economic area of Quang Ninh.

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History of the Formation and Development of the Industrial Zone

The Bac Tien Phong Industrial Zone was established in 2007. It is an important industrial area in Quang Ninh Province. Throughout its history of formation and development, this industrial zone has become a highlight in the socio-economic development of the locality.

This industrial zone was planned and built to attract large investment projects. This helps to promote the development process in Quang Ninh Province. With its strategic location and infrastructural advantages, this industrial zone has attracted many domestic and foreign investors.

In recent years, the Bac Tien Phong I.Z has expanded and diversified its industries. It has continuously developed, creating a dynamic investment environment. This has attracted many large projects and promoted economic growth in Quang Ninh Province.

The Bac Tien Phong I.Z has become an important driving force in the industrialization and modernization of Quang Ninh Province. With a commitment to sustainable development, this industrial zone will continue to play a vital role in the future.

Scale and Economic Potential of the Industrial Zone

The Bac Tien Phong I.Z in Quang Ninh Province is experiencing robust development. It spans an area of 1,200 hectares. This area is planned for multi-sector development, creating a modern production ecosystem.

Key Industries

The main industries of the Bac Tien Phong Industrial Zone include:

• Mechanical Engineering
• Electronics
• Construction
• Consumer Goods Manufacturing
• Logistics

The diversity and scale of these industries create significant potential for Quang Ninh Province, attracting investment and driving economic growth.

The Bac Tien Phong I.Z is not just a manufacturing hub; it also concentrates pioneering and innovative enterprises in key industrial fields. With considerable scale and diverse industries, the Bac Tien Phong I.Z is a vital driving force for the economic development of Quang Ninh Province.

Modern Infrastructure at the Industrial Zone

The Bac Tien Phong I.Z boasts a modern infrastructure system. It meets all the needs of businesses. From transportation to quality supply of electricity and water, everything is ensured.

Synchronized Transportation System

This industrial zone is strategically located, with a road, railway, and seaport transportation system that connects conveniently. Businesses can easily transport goods to all parts of the country and into export markets.

Guaranteed Supply of Electricity and Water

The electricity and water systems here are optimally invested in and operated. They ensure stable and continuous supply for manufacturing plants. Businesses can be assured of basic infrastructure, allowing them to focus on production and business activities.

The Bac Tien Phong I.Z creates an ideal investment environment with modern infrastructure and full amenities.

Investment Incentives in the Bac Tien Phong Industrial Zone

The Bac Tien Phong I.Z in Quang Ninh Province offers many attractive incentive policies. This helps to promote investment and create a favorable business environment.

Key Incentives Include:

• Exemption or reduction of corporate income tax for up to 10 years
• Support for infrastructure and logistics costs
• Simplification of administrative procedures to facilitate investors
• Provision of abundant and quality labor supply

These incentives help attract businesses, especially in the technology, mechanical engineering, and manufacturing sectors. The Bac Tien Phong I.Z continuously improves its incentive policies to meet the needs of investors and promote sustainable development.

The incentive policies at the Bac Tien Phong I.Z contribute to creating an attractive investment environment for both domestic and foreign investors.

Overview of the Bac Tien Phong Industrial Zone in Quang Ninh Province

The Bac Tien Phong Industrial Zone is a significant industrial center in Quang Ninh. It has a favorable geographical location, modern infrastructure, and attractive policies, which greatly contribute to the socio-economic development of the province.

This industrial zone is located in the heart of the Northern key economic region. Transportation here is convenient. It has a large area, full amenities, and modern infrastructure that meets the needs of businesses.

The incentive policies here are very attractive. Enterprises are exempted from or have their taxes reduced, and there is an abundant labor supply. Support for land, infrastructure, and procedures creates a favorable investment environment.

The Bac Tien Phong I.Z has attracted many large projects, contributing to the development of industry and the socio-economic landscape of Quang Ninh.

The Bac Tien Phong I.Z is not only an ideal investment location but also an opportunity to participate in the socio-economic development of Quang Ninh Province.

Favorable Investment Environment for Businesses

The Bac Tien Phong I.Z in Quang Ninh Province features attractive tax exemption and reduction policies. Along with an abundant labor supply, it is an ideal destination for investors.

Attractive Tax Exemption and Reduction Policies

The government and local authorities have created many investment incentive policies. They provide tax exemptions, reductions, and infrastructure and service support.

Abundant Labor Supply

This industrial zone has a large labor supply from Quang Ninh. It has skilled workers and highly qualified technical engineers. Companies can easily find suitable labor.

This factor creates a significant competitive advantage for the industrial zone. It affirms its status as a favorable investment environment for both domestic and foreign enterprises.

Large Projects Underway in the Bac Tien Phong Industrial Zone

The Bac Tien Phong I.Z is attracting many investors. Several large projects are underway. These projects help the industrial zone develop and create job opportunities for local people.

Notably, Hyundai’s automobile manufacturing plant is one such project, with an investment scale of $1 billion. Additionally, the Sao Mai Group’s logistics project is also being implemented, with a total investment of over $500 million.

Projects for manufacturing electronic components, textiles, and wood are also in progress. These not only contribute to economic growth but also develop important industries.

This location is attracting many investors due to these large projects. The Bac Tien Phong I.Z is a compelling destination in Vietnam.

Future Development Prospects of the Bac Tien Phong Industrial Zone

The Bac Tien Phong Industrial Zone in Quang Ninh Province has a favorable geographical location. Modern infrastructure and investment incentive policies create many development prospects. This industrial zone focuses on sustainable development, creating a green and friendly investment environment.

Sustainable Development Orientation

The Bac Tien Phong I.Z attracts large investment projects. At the same time, it develops sustainable projects that use renewable energy, manage waste effectively, and protect the environment.

This minimizes environmental impact while meeting high sustainable development standards.

Expansion and Investment Attraction

• The Bac Tien Phong I.Z is developing strongly, expanding its scale and attracting many large investment projects.
• Tax incentives, infrastructure, and attractive investment policies facilitate this industrial zone’s development and attract both domestic and foreign investors.

With its existing advantages and development orientation, the Bac Tien Phong I.Z will continue to grow, promising to be an economic bright spot for Quang Ninh Province in the future.

The Role of the Bac Tien Phong Industrial Zone in the Economic Development of Quang Ninh Province

The Bac Tien Phong Industrial Zone is a pillar of economic development in Quang Ninh. It has attracted many large projects, creating numerous new jobs. This helps to increase the local GDP and improve the living standards of the people.

This industrial zone not only provides economic benefits but also cares about social and environmental issues. The enterprises here enjoy incentives that enhance competitiveness. This also helps to increase local income.

In the future, the Bac Tien Phong I.Z will continue to be an important driving force for Quang Ninh. It will help the province develop quickly, sustainably, and connect with major economic centers. The role of this industrial zone is undeniable.

Other industrial zones

• Bac Tien Phong Industrial Park In Quang Ninh Province
• Cai Lan Industrial Park In Quang Ninh Province
• Dong Mai Industrial Cluster In Quang Ninh Province
• Dong Mai Industrial Park In Quang Ninh Proinve
• Hai Ha Seaport Industrial Park In Quang Ninh Province
• Hai Yen Industrial Park In Quang Ninh Province
• Nam Tien Phong Industrial Park In Quang Ninh Province
• Song Khoai Industrial Park In Quang Ninh Province
• Viet Hung Industrial Park In Quang Ninh Province

FAQ

What advantages does the Bac Tien Phong Industrial Zone have?

The Bac Tien Phong Industrial Zone is located in a favorable geographical position in Lien Hoa, Quang Yen Town, Quang Ninh Province. It is part of the key economic area of Quang Ninh Province. This industrial zone features a modern transportation system connecting it to major economic centers both domestically and internationally.

What is the scale and economic potential of the Bac Tien Phong Industrial Zone?

The Bac Tien Phong I.Z covers an area of approximately 1,200 hectares. It is planned for multi-sector development in areas such as mechanical engineering, electronics, construction, and logistics. This industrial zone holds significant potential for attracting investment and contributing to the economic growth of Quang Ninh Province.

What notable infrastructure does the Bac Tien Phong I.Z have?

The Bac Tien Phong I.Z has modern infrastructure, including a well-connected transportation system of roads, railways, and seaports. The supply of electricity and water is also guaranteed to meet the production needs of businesses.

What attractive investment incentive policies are available in the Bac Tien Phong I.Z?

The Bac Tien Phong I.Z offers many attractive incentive policies for businesses. These incentives include tax exemptions and reductions, infrastructure support, and logistics services. Such incentives create a favorable investment environment for investors.

What is the investment environment like in the Bac Tien Phong Industrial Zone?

The investment environment in the Bac Tien Phong Industrial Zone is favorable. This industrial zone offers attractive tax exemptions and reductions, along with an abundant labor supply. These factors create competitive advantages for investors.

What large projects are currently underway in the Bac Tien Phong Industrial Zone?

The Bac Tien Phong Industrial Zone is attracting many large projects, including those in manufacturing, logistics, and services. These projects not only enhance production capacity but also create job opportunities for local workers.

What are the future development prospects for the Bac Tien Phong I.Z?

The Bac Tien Phong I.Z is expected to develop strongly in the future. This industrial zone focuses on sustainable development, aiming to expand its scale and attract more large investment projects, thereby promoting the socio-economic development of Quang Ninh Province.

What role does the Bac Tien Phong I.Z play in the economic development of Quang Ninh Province?

The Bac Tien Phong I.Z plays an important role in the economic development of Quang Ninh Province. This industrial zone has attracted numerous projects, created jobs, increased GDP, and improved the living standards of local people. With its focus on sustainable development, this industrial zone will continue to be a driving force for the socio-economic development of the province.