South Korean Electronics Group Signs Letter of Intent for 15-Hectare Land Lease
VB Quang Yen Industrial Park has reached a major development milestone following the official investment approval under Decision 335/QĐ-BQLKKT dated June 28, 2026. This milestone strengthens VB Holdings’ commitment to developing a modern, world-class industrial ecosystem in Northern Vietnam.
The decision represents a significant step forward in creating an international-standard industrial development that connects global manufacturers with Vietnam’s growing Northern economic corridor.
Key Project Parameters Approved
- 407.71 ha — Total Area approved for the industrial zone
- 303 ha — Net leasable premium industrial land ready for development
- 70 Years — Long-term land lease term providing investment security
- Multimodal Logistics — Direct connection to deep-water seaports, expressways & airports
A Strategic Industrial Development Milestone
The strategic context of the investment approval marks a pivotal moment for the Quang Ninh region’s overall logistics and manufacturing framework. By establishing VB Quang Yen, the provincial government aims to create a highly optimized cluster that directly reduces overheads for international supply chains. This formal authorization permits VB Holdings to accelerate its rapid land clearance and deep-foundation infrastructure deployment.
Additionally, the development is positioned to absorb high-value manufacturing overflows from neighboring hubs. With dedicated support structures from the local industrial zone authority, tenants of the park can expect a highly streamlined onboarding experience, matching the strict timelines demanded by fast-moving electronics and automotive suppliers.
Strengthening Northern Vietnam’s Industrial Corridor
As multinational corporations diversify their global footprints, Vietnam’s northern coastal economic zone stands out as a highly reliable, cost-efficient ecosystem. VB Quang Yen’s strategic master plan answers this demand by building robust, redundant utility lines directly into each plot. The park is engineered to handle intensive industrial operations, offering high-voltage power networks, advanced wastewater treatment, and state-of-the-art telecommunications.
“VB Quang Yen is positioned to support the next generation of international-standard manufacturing in Northern Vietnam.”
Strengthening Northern Vietnam’s Industrial Corridor
As multinational corporations diversify their global footprints, Vietnam’s northern coastal economic zone stands out as a highly reliable, cost-efficient ecosystem. VB Quang Yen’s strategic master plan answers this demand by building robust, redundant utility lines directly into each plot. The park is engineered to handle intensive industrial operations, offering high-voltage power networks, advanced wastewater treatment, and state-of-the-art telecommunications.
Strengthening Northern Vietnam’s Industrial Corridor
As multinational corporations diversify their global footprints, Vietnam’s northern coastal economic zone stands out as a highly reliable, cost-efficient ecosystem. VB Quang Yen’s strategic master plan answers this demand by building robust, redundant utility lines directly into each plot. The park is engineered to handle intensive industrial operations, offering high-voltage power networks, advanced wastewater treatment, and state-of-the-art telecommunications.
Strengthening Northern Vietnam’s Industrial Corridor
As multinational corporations diversify their global footprints, Vietnam’s northern coastal economic zone stands out as a highly reliable, cost-efficient ecosystem. VB Quang Yen’s strategic master plan answers this demand by building robust, redundant utility lines directly into each plot. The park is engineered to handle intensive industrial operations, offering high-voltage power networks, advanced wastewater treatment, and state-of-the-art telecommunications.
