Kinh Bac City Set to Develop Fourth Industrial Park in Bac Ninh: A New Catalyst for FDI Attraction

Bac Ninh, Vietnam, September 24, 2025 – Kinh Bac City Development Holding Corporation (Kinh Bac) is preparing to break ground on its fourth industrial park (IP) in Bac Ninh province, a strategic move to solidify the province's position as a leading manufacturing and foreign direct investment (FDI) hub in Northern Vietnam. This new project, slated to begin construction in Q1 2026, promises to unlock a new wave of opportunities for investors and drive regional economic growth.

Kinh Bac's Fourth IP: Vision and Timeline

Kinh Bac's fourth industrial park in Bac Ninh is scheduled to commence construction in Q1 2026 and is expected to be completed by Q4 2029. Commercial operations are set to begin shortly thereafter, ready to welcome domestic and international investors. This expansion is part of Kinh Bac's broader strategy to develop integrated industrial, urban, and service zones in Northern Vietnam, with a particular focus on high-tech manufacturing and logistics sectors.

This expansion comes as Bac Ninh continues to be an attractive destination for FDI, owing to its strategic location near Hanoi, developed infrastructure, and supportive investment policies from local authorities.

Kinh Bac's Footprint in Bac Ninh: From Que Vo to New Ventures

Kinh Bac already has a strong presence in Bac Ninh with successful industrial park projects, most notably Que Vo Industrial Park. Que Vo is one of the largest and most significant industrial parks in Bac Ninh province, covering a total area of 600 hectares, divided into two phases (300 hectares each) as per a Prime Minister's decision from 2002.

Que Vo Industrial Park stands out for:

• Strategic Location: Situated approximately 90 km from Hanoi, 44 km from Lach Huyen port, and 14 km from Hai Phong port, facilitating efficient goods transportation and logistics.
• Comprehensive Infrastructure: An extensive internal road network (32m/23m wide), a 110kV power supply from nearby thermal power stations, and excellent connectivity to major highways ensure efficient industrial operations.
• High-Tech Investment Attraction: Kinh Bac is known as a leading enterprise in attracting significant FDI, particularly in high-tech (CNC) investments.

The success of Kinh Bac's existing industrial parks provides a solid foundation for the fourth project, affirming the developer's capability and experience in building and managing high-quality industrial zones.

Investment Climate in Bac Ninh: Opportunities and Challenges

Bac Ninh continues to be one of Vietnam's leading provinces in attracting FDI. The province benefits from:

• Favorable Geographical Location: Situated in the Northern Key Economic Region, close to the capital Hanoi and major seaports and international airports.
• Supportive Investment Policies: The Bac Ninh provincial government is proactive in improving the business environment, offering incentives and support to investors.
• Abundant Workforce: With a young population and a trained labor force, Bac Ninh meets the human resource demands of various industries.

However, major industrial park developers like Kinh Bac also face certain challenges. Similar to Becamex IDC, another large industrial developer, Kinh Bac also contends with financial leverage and capital raising difficulties, which can impact the pace and scale of industrial park development. The slow sale of state shares in IPOs also adds pressure on capital mobilization capabilities.

Impact and Future Outlook

Kinh Bac's development of its fourth industrial park in Bac Ninh will have far-reaching impacts:

• Enhanced Manufacturing Capacity: Providing additional space for manufacturing facilities, especially in high-tech, electronics, and supporting industries.
• Job Creation and Economic Growth: Attracting more labor, generating income, and contributing to the province's GDP.
• Increased Competitiveness for Bac Ninh: Solidifying Bac Ninh's image as a modern industrial hub, attracting more multinational corporations.
• Associated Urban and Service Development: Industrial parks often spur the development of urban areas, services, and amenities, creating a comprehensive ecosystem for workers and residents.

In this context, the construction of such industrial parks requires a significant amount of building materials, including steel and aluminum. Investors and managers should consider EU steel prices surge: low inventories and escalating costs drive market dynamics and China's aluminium production rises in August 2025: prices decline amidst global macroeconomic headwinds for a comprehensive view of the materials market.

Conclusion

Kinh Bac's fourth industrial park project in Bac Ninh is a testament to the continuous development of Vietnam's industrial sector and the commitment of developers to create world-class infrastructure. Despite financial challenges, Bac Ninh's growth potential and FDI attraction capabilities, coupled with Kinh Bac's experience, suggest that this project will be a significant catalyst, contributing to the overall prosperity of the region and the country.

References:

• TheInvestor.vn
• TTTFIC.com
• KinhBacCity.vn
• DevelopmentAid.org
• Nhadat.bacninh.city (title and context)