On the morning of April 3, FECON Group officially broke ground on the Hoa Yen Industrial Park (commercially known as FECON IP Hoa Yen) in Hiep Hoa Commune, Bac Ninh Province — marking a significant move in Vietnam's ongoing industrial development push.

The project spans 256.68 hectares across Hiep Hoa Commune, Van Ha Ward, and Tu Lan Ward, with a total investment of over VND 3,700 billion (approximately USD 145 million). The developer is FECON Hoa Yen Investment Joint Stock Company (FECON Invest), a subsidiary of FECON Group.

What kind of industrial park is this?

FECON IP Hoa Yen is designed as a multi-sector industrial zone, targeting manufacturing, processing, high-tech industries, and environmentally friendly production. Notably, FECON plans to build a dedicated facility for the production and overhaul of Tunnel Boring Machines (TBM) — a forward-looking move positioned to serve Vietnam's expanding urban railway and metro systems.

At the groundbreaking ceremony, Muon Van Chien, CEO of FECON Hoa Yen Investment JSC, stated: "FECON IP Hoa Yen is planned as a comprehensive multi-sector industrial park, oriented towards attracting processing, manufacturing, high-tech and environmentally friendly industries."

Why Bac Ninh — and why now?

The park sits within the Northern Key Economic Zone, offering direct connectivity to major economic centers, seaports, airports, and regional transport networks. This positions it well for investors who need reliable logistics infrastructure from day one.

Provincial leadership has set a high bar for what this park should become. The Vice Chairman of the Bac Ninh Provincial People's Committee expressed expectations that FECON IP Hoa Yen would generate industrial output comparable to Yen Phong 1 Industrial Park — home to Samsung — and Quang Chau and Van Trung Industrial Parks, which host Apple suppliers and servers using Nvidia's latest AI chips.

A serious pitch for semiconductor and advanced manufacturing investors

The provincial government's vision for this park goes beyond standard industrial infrastructure. Key technical expectations include rooftop solar panels covering 100% of factory roof space, translating to a potential 180 MW of installed capacity, alongside Battery Energy Storage Systems (BESS) and power grid reliability meeting at minimum N-1 standards, approaching N-2.

For semiconductor manufacturers specifically, the park is expected to deliver BESS-backed facilities that comply with Semi F47 standards — meaning zero voltage sag — and ultra-low voltage deviation to ensure stable operation of lithography machines, testing equipment, and packaging systems.

If those benchmarks are met, FECON IP Hoa Yen is positioned to be a credible destination for global semiconductor investment.

Built with sustainability at its core

On the environmental side, the park is being developed as an ecological industrial zone. The design calls for full wastewater recycling, meaning secondary tenants will not need to build their own domestic wastewater treatment facilities. Outdoor infrastructure and technical systems are engineered to retain up to 70% of surface water through permeable design — a meaningful commitment given the increasing scrutiny global investors place on ESG compliance.

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