Bac Giang is an important side in the new "FDI triangle" in the North.

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 FDI attraction capital reaching more than 1.1 billion USD in the first quarter of 2023, Bac Giang ranked first nationwide. In addition to large technology corporations such as Foxconn, Luxshare..., Bac Giang is also the destination of green projects such as Yadea Group producing electric motorbikes, Fulian producing electronic components, computers and communication equipment or Hainan Longi Green Energy producing solar batteries.

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

"Bac Giang has good transport infrastructure, a highly skilled workforce and many incentives for businesses," said Mr. Hong Ki Kwang, Director of a company in Bac Giang, about the reasons why FDI enterprises come to this land.

*Bac Giang attracts high-tech labor, 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 because of its visionary planning. There are currently 6 industrial parks with well-prepared infrastructure conditions, covering an area of up to 1,460 hectares, ready to welcome foreign giants with a "taste" for "huge" factories.

In addition, there are few places that are "favored" with 5 major national highways to connect in all directions like Bac Giang. In addition to National Highway 1 in the Trans-Asia road system, there is also National Highway 31 to Lang Son, the main route National Highway 37, National Highway 279 to the northern provinces, National Highway 17 connecting Bac Ninh and Hanoi.

Bac Giang's proactive infrastructure, as said by Dr. Le Dang Doanh, former Director of the Central Institute for Economic Management, is an important part in attracting "big guys". Two other factors, according to him, are being quick in resolving problems for investors and actively removing bottlenecks in mechanisms and procedures.

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

Another key advantage of Bac Giang, according to Dr. An, is its labor force. There are currently over 1 million people of working age, of which over 60% are trained. In the area, there are also 5 universities, colleges, 6 secondary schools and up to 90 vocational training facilities that can provide high-quality labor on the spot.

"Bac Giang has all three core conditions to attract capital: Strategic location, Labor quality and Infrastructure," said Mr. An. Currently, Bac Giang is an important piece to create a new FDI triangle in the North, "Bac Giang - Bac Ninh - Thai Nguyen".

Vinhomes Sky Park causes a fever by leading the wave of "migration" to Bac Giang

Foxconn’s opening of a road to Bac Giang is a clear signal of the shift of the global supply chain to Vietnam as experts have predicted. According to analysis by economist Pham Chi Lan, capital from the US, Japan and the EU will also flow 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 intellectual workers, high-level managers from the world and domestically looking for a place to settle in Bac Giang. This is a high-income group, willing to pay a lot for a quality life. Therefore, all services from entertainment to health care, according to Mr. An, are likely to flourish.

The hottest thing, according to him, is high-quality real estate because in reality, in Bac Giang, the supply of accommodation for high-end customers is still scarce. Many experts in industrial parks now have to travel more than a hundred kilometers every 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 the opportunity for investors to take the lead is huge," said Mr. An.

Vinhomes is one of the investors that has been at the forefront of the FDI wave pouring into Bac Giang early with the Vinhomes Sky Park luxury apartment tower, a new symbol of the city that is on the rise.

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

The project owns a prime location in the center of Bac Giang city, enjoying a panoramic view of the poetic river and lake on all four sides. Converging all-in-one utilities right at the foot of the house, Vinhomes Sky Park with a model of a complex of apartments combined with a commercial center on the podium and a row of adjacent shophouses promises to become a new modern and trendy shopping and entertainment center of Bac Giang. This will also be the place where the community of successful individuals and international experts and senior managers in Bac Giang and neighboring areas choose to entrust their gold.

With its 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.

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