Bac Giang is currently emerging as a bright spot in attracting foreign direct investment (FDI) thanks to its well-designed development policies and favorable investment environment. The remarkable growth in FDI attraction is not only due to the province's ability to leverage resources from major economies in the Red River Delta, but also due to its inherent potential, such as its strategic geographic location, increasingly improved infrastructure, and abundant labor force. 


In this context, industrial land leasing projects in Bac Giang are growing rapidly, reflecting the rising demand for production, research, and development spaces in the area. Industrial land in this region is appealing not only to domestic enterprises but also attracting attention from many foreign investors, especially in the fields of manufacturing, processing, and high-tech industries. This creates significant opportunities for the industrial real estate market in Bac Giang, promising considerable growth prospects in the near future. 

Outstanding Advantages of Renting Bac Giang Industrial Parks 

1. Own a prime location 

Bac Giang, a mountainous province in the Northeast region of Vietnam, boasts a prime geographical location along the Lang Son - Hanoi - Ho Chi Minh City - Moc Bai economic corridor, part of the Nanning - Singapore Trans-Asian Corridor. The province borders Hanoi, Bac Ninh, Hai Duong, Lang Son, Quang Ninh, and Thai Nguyen, and is also situated near the "economic triangle" of Hanoi, Hai Phong, and Quang Ninh. This strategic location is playing a key role in making Bac Giang a bright spot in industrial development, particularly in the industrial land leasing sector.


Moreover, Bac Giang’s transportation system is comprehensively developed with major highways such as National Road 1A, National Road 37, National Road 31, along with expressways like Bac Giang - Lang Son and Hanoi - Bac Giang, ensuring direct connections to Hanoi and neighboring provinces. This infrastructure not only reduces transportation time but also boosts trade between regions. Additionally, the proximity of industrial zones in Bac Giang to major seaports like Hai Phong and Cai Lan facilitates import and export activities.


The province’s railway network also plays a crucial role in efficient and cost-effective cargo transportation, further expanding connectivity between major industrial zones and domestic and international markets.


2. Abundant human resources create conditions for the development of industrial parks in Bac Giang 

Bac Giang is a province with an abundant labor force and reasonable labor costs, providing a favorable environment for businesses looking to lease land in industrial zones in the region. Thanks to the strong development of industrial zones such as Dinh Tram, Van Trung, Quang Chau, and Song Khe - Noi Hoang, Bac Giang has attracted thousands of workers from neighboring areas. The labor force here is primarily young, skilled, and technically proficient, meeting the recruitment needs of businesses.


The regional minimum wage in Bac Giang, as regulated by the government, is as follows:

  • In Bac Giang City, Viet Yen Town, and the districts of Yen Dung, Hiep Hoa, Tan Yen, and Lang Giang, the wage applies to Region III, with a monthly salary of 3,640,000 VND or 17,500 VND per hour.
  • In the other districts such as Luc Nam, Luc Gan, Son Dong, and Yen The, which are in Region IV, the wage is 3,250,000 VND per month or 15,600 VND per hour.

Overall, with an abundant labor force, competitive labor costs, and affordable land lease prices, Bac Giang is an ideal location for businesses considering industrial land leasing.


3. Preferential investment tax policy when leasing land in Bac Giang industrial parks

Bac Giang province has implemented numerous tax incentives to attract and encourage investment in the area. Below are some tax incentives for leasing industrial land in Bac Giang:

  • Tax Exemption and Reduction: Enterprises carrying out new investment projects in industrial zones are exempt from corporate income tax (CIT) for the first 2 years and enjoy a 50% reduction in CIT for the following 4 years.
  • Infrastructure Support: Bac Giang prioritizes investment in technical infrastructure outside the industrial zone's perimeter for projects with an investment scale greater than 1 million USD. This includes roads, electricity, telecommunications, clean water, etc.
  • Investment Guidance and Support: Investors are provided with free consultation on procedures, investment information, and sample documents at the "one-stop" departments or the Investment Promotion and Business Development Center under the Department of Planning and Investment.

These incentives not only create favorable opportunities for domestic and international businesses but also contribute to the sustainable development of Bac Giang's industrial zones, promote the economic restructuring of the locality, increase production value, and generate numerous job opportunities for the local population.


4. Diverse Industries In Bac Giang Industrial Parks for Rent 

Industrial land leasing projects in Bac Giang have identified and prioritized investment in certain sectors to drive the local economy and industrial development. Below are some of the key sectors that the province particularly focuses on:

  • Manufacturing and fabrication of electronic components and devices.
  • Pharmaceutical manufacturing, chemical industry, and high-tech industries.
Top 2 Typical Locations for Industrial Park Land Rental in Bac Giang

1. Land for rent in Hoa Phu industrial park

The land for lease in the Hoa Phu Industrial Park is located in Mai Dinh commune, Hiep Hoa district, Bac Giang province.


The Hoa Phu Industrial Park holds a strategic position, being situated in the heart of the Red River Delta. It is adjacent to the inland port of Song Cau, located along the international trade corridor of the Asia Highway, and is about 6 km from National Highway 18, which connects to the eastern provinces (Quang Ninh, Hai Phong). This location is highly appreciated by discerning investors for its excellent trade, commerce, and transport connectivity.


The total land area of Hoa Phu Industrial Park is 207.45 ha, of which 140 ha are designated for industrial use with land use rights granted until 2066. Currently, the project is still undergoing infrastructure development to meet the growing demand for industrial land leasing in Bac Giang.


The land lease price in Hoa Phu Industrial Park is highly competitive, with a management fee of only $0.5 USD/m² per year.


2. Land for rent in Yen Lu industrial park with outstanding advantages 

Located in Yen Lu commune, Yen Dung district, Bac Giang province, the land for lease within the Yen Lu Industrial Park enjoys a favorable transportation advantage. This location is very close to important routes, with National Highway 17 passing through, providing easy access to the airport and seaports.


Yen Lu Industrial Park covers a large area of 377 ha, of which 258 ha is designated for industrial land lease, offering production spaces suitable for a variety of industries. The land use rights are granted until 2071, providing businesses with a long-term investment opportunity and the ability to quickly expand their operations.


Yen Lu Industrial Park offers significant opportunities for investors with special tax incentives and competitive lease rates.

RSQUARE : Your Expert Real Estate Advisor

RSQUARE simplifies Vietnam’s commercial real estate journey with deep market insights, personalized search services, and end-to-end support, ensuring cost-effective and efficient solutions for offices, industrial spaces, and business facilities.

E mail : support@rsquare.vn
Phone : +84-28-3636-9641(VN,EN)
               +84-2-6925-3928(KR)

RSQUARE : Your Expert Real Estate Advisor

RSQUARE simplifies Vietnam’s commercial real estate journey with deep market insights, personalized search services, and end-to-end support, ensuring cost-effective and efficient solutions for offices, industrial spaces, and business facilities.

E mail : support@rsquare.vn
Phone : +84-28-3636-9641(VN,EN), +84-2-6925-3928(KR)


RSQUARE Co., LTD 
Phone: +84-28-3636-9641 (English, Vietnamese), 
+82-2-6925-3298 (Korean)
E-mail : support@rsquare.vn

     

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RSQUARE Co., LTD 
Phone: +84-28-3636-9641 (English, Vietnamese), +82-2-6925-3298 (Korean)         E-mail : support@rsquare.vn