Update: 16:17 | 09/11/2018
(BGO) – The People’s Committee in the northern province of Bac Giang switched the investor of construction and infrastructure trading in Doan Bai Industrial Cluster (IC) (Hiep Hoa district) from Hiep Hoa district People’s Committee to ASIC Investment Joint Stock Company (Bac Giang city).
The IC will be expanded up to 70 hectares from the initial plan of over 42 hectares with a total cost of nearly 460 billion VND (19.7 million USD) mobilized from enterprise’s budget and other sources.
After the expansion, nearly 52 hectares in the IC is industrial land and the remaining areas are used for public administrative service, technical infrastructure, tree planting, car parking
The major sectors include garment, mechanical manufacturing, electric equipment, electronic component, hi-tech products, construction equipment
According to the Department of Industry and Trade, the project is valid in 50 years. The investor strives to finish the compensation for the land clearance, make the infrastructure construction investment project and environmental impact assessment as of this year.
In 2020, it targets at basically completing the infrastructure, putting the wastewater treatment station into operation, attracting the sub-investors while reaching 100 percent of occupancy rate in the industrial area in 2021.