With striking achievements in building infrastructure and attracting investment into industrial parks in 3 continuous years (2004,2005,2006), in pass time, Kinhbaccity) was rewarded 2 certificates of merit, 3 excellent emulation flags by the government. On December 19, 2007 Kinhbaccity had an honor of receiving the third class labor medal by the state which recognized business strive process and real contributions to community.

On December 18, 88 billions holdings (code KBC, face value: 10,000 VND) were officially brought into transaction at Hanoi Securities Trading Center (Hastc). Series of large projects which are being prepared to deploy created a strong brand name for Kinhbaccity in investing real estate field, especially in Industrial Park and Urban Zone. So, KBC is evaluated to be one of the “hot” item in securities market in coming time.

“Up to now, Kinhbaccity successfully offered 8 billions holdings to important stratey partner belonging to 2 big investment fund management companies named Dragon Capital and SSI”, Mr. Dang Thanh Tam- the president of board of directors, general director showed that “That large financial organizations participated in contributing capital to Kinhbaccity not only made the company’s potential stronger but also contributed and assited about experience, business orientations as well as financial management ability”.

Right in last 5 years, On December 19, 2007, the Prime Minister made a decision of foundation Que Vo Industrial Park (QV IP) Bacninh Province and entrusted Kinhbaccity the investor to build and trade in infrastructure this IP and New Urban Zone Phucninh. Overcoming difficulties and hardships to make QV IP become one of the most modern IP in Northern Part, meeting demands of fastidious foreign investors such as Japan, Korea etc. So it is not only common business targets but also important strategy in the process of building business brand name of the company.

With total area of 640 hectares (state 1: 340 hectares), QV IP is prominent in attracting investors with high tech and large in capital projects such as laser printer factory project with the largest scale in the world of Canon, the first project of Hon Hai in the series of 5 billion USD investment project in Vietnam etc. After 5 years of operation, the stage 1 of the IP filled up 100% of the area with nearly 50 domestic and foreign investors who signed land sublease contracts and agreements. The total investment capital licensed to IP reached nearly 500 millions USD and over 500 billions VND. According to calculation, FDI to QV IP up to now has always gained the first place of Bacninh Province (to 2005 reach up to 90%). The province’s people’s committee recognized that QV IP has made important contributions to the shift of the economics structure with strong growth speed of Bacninh Province to become one of the leading localities in export in our country.

“From 2005, many enterprises which succeeded in QV IP decided to increase investment capital and continued to lease more land for expand the area of the factory such as VS Group, Mitac, Takaokek etc. At the same time, many big investors of Vietnam such as Hanel, Indochina Group also chose QV IP as the location to build factories. We completely trust that creating an image about an industrial park with high tech projects, Que Vo will attract big investors from Japan, Taiwan, supporters for Canon, Foxconn, Mitac” Mr. Dang Thanh Tam confirmed that after stage 1 was filled up 100%, Bacninh Province licensed Kinhbaccity to continue to invest in infrastructure of Expand Que Vo Industrial Park (EQV IP) (stage 2) with the area of 300 hectares. According to expectation, the infrastructure will be completed in 2 coming years (total investment capital up to 600 billions VND) and fill up the area in 3 following years (invest 1400 billions VND to build over 500,000 m2 of factories).

Due to combining 3 factors: Clement weather- favorable terrain- united people, with main function of attracting high tech factories, no pollution, with high content of intelligence, few use of labor, QV IP is considered that it will become one of the most successful mirror in building IP in Vietnam by experts. In the mid-month of this December, Although ground-breaking ceremony has not been organized yet, the first project of the stage 2 was signed with Tenma Corporation PLC (Japan) to build the factory which will produce casting and die casting. All products will be exported 100% with the area of 10.8 hectares, investment capital 60 billions USD.

Continuing the success of QV IP, Kinhbaccity has been investing and trading series of urban zones, trade centers, hotels, entertainment zones and industrial parks with total area of over 3000 hectares at localities such as Bacninh, Bacgiang, Hatay, Hanoi etc. with total investment capital over 1 billion USD. In which there are many big projects such as Phuc Ninh urban zone (120 hectares) in Bacninh, Tan Lap urban zone in Hatay, Quang Chau Industrial park- urban zone in Bacgiang with the scale of over 1000 hectares (total investment capital 837 billions VND), 5 star hotel complex project and commerce center cost 300 millions USD in foreign affairs mission area Hanoi etc.

Recently, grasping strong economic growth demand in Northern East, FDI is more and more increasing, combining with experience in attracting domestic and foreign investors, Kinhbaccity succeeded in forming a joint venture with Foxconn Group to found an joint venture company in Haiphong to implement construction and business project: Industrial park- urban zone and home for workers- IP service and entertainment zone complex with the area of 1000 hectares in Hai An District and with the total investment capital of over 1 billion USD. At the agreement signing ceremony, the 2 parties were unanimous in cooperation to build series of modern IPs- urban zones in main point area in Vietnam. From the way of “doing” IP efficiently, Kinhbaccity has now become reliable address of many big groups in the world when they come to Vietnam to seed investment opportunities.

Duc Long - Vietnam Economic Time