Bac Ninh Real Estate Report September 2021

Bac Ninh Real Estate Report September 2021  is a program to update real estate information in the Bac Ninh market. And to start the program, let’s review the main highlights in September 2021 in the Bac Ninh market.

1. Tu Son town, Bac Ninh recovers 1,240 hectares of land in 2021

According to the approved land use plan for 2021 of Tu Son town, the locality is expected to acquire 1,239.74 hectares of land this year.

Regarding the change of land use purpose, the district will convert 1,072.72 hectares of agricultural land to non-agricultural land; Mainly land for rice cultivation and aquaculture. At the same time, the locality converted 121.52 hectares of non-agricultural land which is not residential land to residential land. 0.74 ha of land has not been put into use.

At the same time, the province proposed the locality to manage and use land according to the plan, especially the area that will change the purpose of land use to focus on economic development and economic restructuring towards service development, urban areas to increase revenue for the budget; promote the auction of land use rights, bidding for projects using land.

2. Large investors pour money into industrial real estate to catch a new ‘fever’

According to the Ministry of Planning and Investment, Vietnam currently has 370 Industrial Parks with a total area of 115,200 hectares. Of these, 328 industrial zones are operating outside economic zones (EZs), 24 are located in coastal EZs and 8 are located in border gate EZs. Projects employ 3.6 million workers.

Dozens of industrial zones in 13 provinces and cities were approved in the first quarter, promising to provide thousands of hectares of land for investors in the next few years. Bac Ninh is the locality with the largest number of projects, 5 industrial zones.

These can be mentioned as Que Vo III Industrial Park with an area of ​​209 hectares with an investment of 121 million USD and Gia Binh II Industrial Park with an area of ​​250 hectares with an investment of 172 million USD, developed by Hanaka Group.

3. 13 more FDI projects “landed” in Bac Ninh, total registered capital of 51.5 million USD

From the beginning of the year to August 20, 2021, Bac Ninh has attracted 89 newly registered projects, the total registered capital reached 465.3 million USD, although the number of projects decreased, but increased by 39% in the number of projects. capital over the same period; adjusted capital for 55 projects, with the adjusted capital increased by USD 102 million.

In the past 8 months of 2021, the whole province of Bac Ninh had 1,508 newly established enterprises with a total registered capital of 18,806 billion VND, an increase of 20.6% in total registered capital over the same period last year.

The average registered capital of a newly established enterprise reached VND 12.5 billion, up 27.8%. This is also a positive signal showing that business activities and recovery trend are good compared to the previous year.

4. Bac Ninh recovers the land for the BT project for auction

Accordingly, the People’s Committee of Bac Ninh Province revoked the decision No. 34 of the Provincial People’s Committee on the allocation of land to Manh Duc Company (Limited) to build a commercial and general service area to create reciprocal capital for the construction investment project. to build, renovate and upgrade Ly Thai To road (section from TL295B to new NH1A) center of Tu Son town and invest in the construction of a number of works in Tu Son town in the form of BT contract, in Tuong commune. Giang, Tu Son town.

At the same time, allocating 1,325.7m2 of land in Tuong Giang ward, Tu Son town (the land area in Decision 34 – PV) to the Land Fund Development Center of Tu Son town for auction of land use rights according to regulations.

5. Tu Son town before coming to the city: The goal is to mobilize VND 1,400 billion for infrastructure construction

On the afternoon of September 22, 100% of the members of the Standing Committee of the National Assembly agreed with the draft resolution on the establishment of Tu Son city, Bac Ninh province. Tu Son city was established on the basis of the status quo 61.08km2 natural area, population 202,874 people and 12 wards. This is an important milestone in the development of Tu Son and Bac Ninh province.

The People’s Committee of Tu Son Town has set a target of mobilizing nearly VND 1,400 billion in the 2021-2025 period to build infrastructure, transport and urban areas with dozens of projects spread across 12 wards; carry out industrialization, modernization and urbanization in the direction of technology application, building e-government; building Tu Son city with characteristics of Kinh Bac culture, modernity and sustainable development…