Ninh Binh starts construction of auto parts factory worth nearly 1,400 billion VND

BEI KE YUAN factory project is deployed on a 15.6 ha land area, located in lots CN7A, CN7B, CN8, CN9A, CN9B in Van Phong Industrial Park, Nho Quan town, Ninh Binh province. This is an area with a very fast industrial development speed thanks to reasonable investment attraction policies and gradually completed infrastructure.

With a total investment capital of up to 1,391 billion VND, mobilized from investors' contributions and other legal capital sources, the project is not only a factory but also a high-tech center with many industries associated with modern industrial trends.

Delegates attending the groundbreaking ceremony.

According to the design, the factory specializes in manufacturing high-tech products such as: auto parts, electronic components and accessories, semiconductor devices, environmental treatment systems. In addition, the project also provides factory rental services, meeting the expansion needs of many other domestic and foreign enterprises.

BEI KE YUAN Technology Co., Ltd. representative said that the construction plan will be implemented within nearly 2 years and the factory is expected to be operational from the first quarter of 2027. When completed, the project will not only create more high-quality jobs for local people, but also contribute to increasing budget revenue and promoting the industrial economy of Nho Quan district in particular and Ninh Binh province in general.

In his speech at the groundbreaking ceremony, a representative of BEI KE YUAN Technology Co., Ltd. said that Vietnam is now becoming one of the most attractive destinations in Asia for foreign investors. Free trade agreements signed with many major markets such as Europe, the US, Japan, Korea, etc. have created great export advantages for businesses.

Mr. Dang Duc Hiep, Chairman of the Board of Directors of Thien Phu Company Limited, spoke at the ceremony. Photo: Ninh Binh Newspaper

In addition, the investment environment in Vietnam has been significantly improved thanks to the Government 's administrative reform efforts. "Registration, licensing and investment support are now faster, more transparent and have much fewer barriers than before," a representative of BEI KE YUAN Technology Co., Ltd. emphasized.

In particular, Ninh Binh has a favorable geographical location, a well-connected transport infrastructure system with major manufacturing centers such as Hanoi, Hai Phong, Thanh Hoa. In addition, the presence of large-scale Korean automobile factories in the region, which are strategic partners of the Company, is an important factor in helping businesses make investment decisions here. Locating factories near partners will help save time, reduce logistics costs and improve supply chain efficiency.

Delegates perform the groundbreaking ceremony for the factory. Photo: Ninh Binh Newspaper

As the unit coordinating investment and infrastructure management of Van Phong Industrial Park, Thien Phu Company Limited also expressed its pride in welcoming a large-scale and groundbreaking project like the BKY factory.

The event is clear evidence that Ninh Binh is on the right track in its strategy of attracting investment in high-tech, environmentally friendly and sustainable industries.

Source: https://baodautu.vn/ninh-binh-khoi-cong-nha-may-san-xuat-phu-tung-o-to-gan-1400-ty-dong-d280356.html