The project spans nearly 160 hectares, with the total expected investment capital amounts to VND 1,798.3 billion, of which VND 300 billion comes from the investor's equity.
The project aims not only to develop synchronized technical infrastructure but also to establish a model industrial park – a hub for enterprises with high technological capacity, efficient land use, and strong environmental compliance.
Legal Rigor – Transparent Responsibilities
The project will operate for 50 years from the date of land allocation, lease, or conversion. The People’s Committee of Bac Ninh Province will oversee and direct project implementation, ensuring completion of all investment procedures, construction, site clearance, and land allocation within no more than 30 months from the date of approval.
The Deputy Prime Minister emphasized the need to ensure modern and synchronized technical infrastructure, strictly adhering to the approved zoning plan. Relevant authorities must proactively monitor and supervise project progress to prevent delays, land misuse, and other issues that could lead to land waste, legal disputes, or reduced investment effectiveness.
Investor Commitment to Sustainable Development
Viet Uc Steel JSC, as the project developer, is responsible for utilizing its equity capital as committed and complying fully with relevant legal frameworks including the Law on Investment, Land Law, Real Estate Business Law, and other applicable regulations.
A notable highlight is the investor's commitment to environmental protection, fulfilling all required procedures related to natural resources, water, and emissions management, as well as financial contributions to offset the loss of converted rice-growing land. This underscores the rising importance of industrial growth aligned with ecological responsibility.