Bac Giang – the emerging focal point for industrial investment in northern Vietnam – has marked a significant milestone with the Government’s approval of the investment policy for the My Thai Industrial Park project (Lang Giang District), with a total investment capital nearing VND 1,800 billion. Developed by Viet Uc Steel Joint Stock Company, the project is expected to pave the way for a sustainable, modern, and socially responsible industrial value chain.
My Thai Industrial Park – A Strategic Project for Infrastructure Development and New Growth Momentum
According to Decision No. 260/QD-TTg dated February 11, 2025, signed by Deputy Prime Minister Tran Hong Ha, the investment policy for My Thai Industrial Park has been officially approved. The project spans nearly 160 hectares, covering the communes of My Thai, Duong Duc, and Voi Town in Lang Giang District. 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 Giang 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.
Bac Giang – A New Investment Magnet in the North
With increasingly integrated regional transport infrastructure, decisive local governance, favorable policies, and vast industrial land potential, Bac Giang is emerging as a strong contender in both FDI and domestic investment waves. My Thai Industrial Park is one of the key projects under the province’s 2025–2030 industrial development strategy.
The project not only boosts infrastructure but also creates thousands of job opportunities, enhances local competitiveness, and attracts production value chains in sectors such as mechanical engineering, manufacturing, and supporting industries.
Conclusion: Laying the Foundation for Long-Term Prosperity
The Government’s approval of the My Thai Industrial Park investment policy marks a breakthrough in Bac Giang’s industrial development, reflecting a strong commitment to building a transparent, efficient, and sustainable investment environment.
With a financially capable and experienced investor, combined with proactive support from local authorities, My Thai Industrial Park is poised to become a shining example on Vietnam’s industrial map in the coming decade.