On the morning of October 26, 2022, at Yen Phong Industrial Park (Expansion Phase) (Viglacera), LS Electric Group solemnly inaugurated the LS Electric Vietnam Factory. Attending the inauguration ceremony were Mr. Nguyen Huong Giang, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People’s Committee; Korean Ambassador Extraordinary and Plenipotentiary to Vietnam Oh Young Joo and delegates.
LS Electric factory in Yen Phong Industrial Park (Expansion Phase) (Viglacera), Bac Ninh province
LS Electric is a Korean pioneer group in the production of electrical equipment, automation solutions and the creation of green energy industry. LS Electric Vietnam’s project at Yen Phong Industrial Park (Expansion Phase) is the 8th factory of LS Electric in the world, and the first smart energy technology application factory in the North.
The factory was started from November 2021 on an area of 30,000 m2, with a total investment capital of 25 million USD, specializing in manufacturing medium-voltage cabinets, low-voltage cabinets, transformers and other electrical equipment, supplying to major Korean electronics companies such as Lotte, Samsung and LG… Expected revenue is USD 500 million/year, creating jobs for about 500 employees.
Korean Ambassador Extraordinary and Plenipotentiary to Vietnam Oh Young Joo, Chairman of Bac Ninh Provincial People’s Committee Nguyen Huong Giang, Head of Bac Ninh Industrial Park Management Board Nguyen Van Phuc and delegates pressed the start button of LS Electric Vietnam Factory.
Yen Phong Industrial Park, developed by Viglacera Corporation – a reputable investor with more than 22 years of experience in the field of industrial parks, is considered a comprehensively developed industrial park when owning a modern and synchronous technical and social infrastructure.
Yen Phong Industrial Park (Expansion Phase) is located in Yen Phong Industrial Park Complex, developed by Viglacera
Yen Phong Industrial Park consists of two phases: phase 1 (344ha), which is 100% filled and expansion phase (314ha). Currently, the industrial park has a complete and modern technical infrastructure system, including power station, nitrogen gas station, water supply station, and wastewater treatment plant.
Technical infrastructure of Yen Phong Industrial Park is modern and synchronous
Housing project for experts and workers located in Yen Phong Industrial Park complex
Not only developing synchronous technical infrastructure, Viglacera also cares about sustainable development and social security when deciding to invest and build Yen Phong urban area to meet the living demands of workers near the industrial park..
Housing project for experts and workers located right in Yen Phong Industrial Park with a scale of 20ha, with adjacent apartments, condominiums and utilities such as restaurants, supermarkets, .. will provide accommodation for nearly 6000 professionals and workers.
In particular, a complex of multi-functional works – Cultural and social housing area including Primary school, Kindergarten, Culture house, Health station and green park, sports area ,.. is invested and built on a land of 17,000m2, with the goal of best meeting the needs of workers’ accommodation, working, living and traveling, indirectly supporting costs and creating abundant human resources for enterprises operating in Viglacera’s IPs.
With the above advantages, Yen Phong Industrial Park has become the largest FDI attraction in the North with more than 12 billion USD, contributing to bringing Bac Ninh to the Top 10 in terms of attracting FDI for many years. Up to now, there have been 100 investors operating in the industrial park, including big brands such as Samsung, Orion, Intops, Ottogi, LS Electric, KCC, Mobase, Deli, Lock & Lock…
Viglacera has been developing 11 industrial parks in Vietnam and one economic zone in Cuba, attracting nearly 16 billion USD in FDI from more than 300 domestic and foreign enterprises, creating jobs for tens of thousands of workers in the area. Thanks to the advantages of location in many provinces, Viglacera’s IPs bring diverse choices for investors, meeting the needs of each enterprise. Industrial parks all have available land and complete, synchronous and modern infrastructure, ready to welcome enterprises to be subleased and build factories.
For more information, please contact: Viglacera Real Estate Company – Phone: (+84) 888 25 22 88 | Website: viglaceraip.com
(*) Visiting Yen Phong Industrial Park through virtual reality tour 360: www.yenphong360.viglaceraip.com
