During the second day of the CACCI Presidential Visit to Vietnam on May 23rd 2021, the delegation began with a morning visit to the headquarters of Kinh BAC City (KBC) Group located in Ban Ninh Province which is some 1.5-hour drive from Hanoi.

Upon arrival at the KBC complex, the visitors were first given a tour of the Que Vo Industrial Park, one of the 36 industrial parks established and managed by the KBC Group around Vietnam. Established in December 2002, Que Vo Industrial Park is the largest and most important industrial park of Bac Ninh Province, encompassing a total area of 611 hectares and has attracted more than 100 domestic and foreign investors.

Following the tour, the delegation proceeded to the KBC Group headquarters where they were welcomed by Chairman Mr. Dang Thanh Tam. After welcoming the visitors, Chairman Dang briefed them on the KBC Group and its activities, highlighting the following:

(a) KBC is considered the leading enterprise in Vietnam in terms of investment, development, construction and business of industrial park and urban infrastructure, with 6,387 ha. of industrial land and 1,263 ha. of residential land. With over 21 years of experience, it has attracted 1,000 FDI projects and US$ 17Billion FDI capital, generated 300,000 jobs, and currently hosts tenants from 30 countries and territories representing 60% of the world-famous brands and main suppliers.

(b) The Industrial Parks account for 20% – 30% of foreign investments attracted to Vietnam annually, have accounted for 5% of new additional jobs created every year in Vietnam; and generated US$19 Billion in exports in 2022

(c) KBC’s core business includes 24 large-scale and modern projects of industrial and residential area in Vietnam, widely distributed in the north, the central and the south of Vietnam.

(d) The KBC Group can assist foreign investors in various aspects, including application for legal entity establishment, strong connection with government agencies, land planning design and construction work, application for land use rights certificate, tax code and company seal, and human resources and recruitment.

( e) The KBC Group plans to establish an Innovation Centre and/or a Research Development Centre within the complex in the near future.

During the Q&A Session that followed the Chairman’s briefing, the following points were raised by the CACCI delegation:

(a) CACCI President Mr. Peter McMullin AM underscored the importance of the business community in economic growth and sustainable development of the country. He mentioned that his family was involved in the business of industrial park development in Australia. He extended his invitation to Chairman Dang to attend the 37th CACCI Conference in Cambodia on October 30-31, and expressed this hopes that Vietnam would once again host a CACCI Conference in the near future and use the occasion to serve as a platform for attracting foreign investors into the country.

(b) Mr. Ernest Yuen assured Chairman Dang that he would personally invite Hong Kong investors to visit Vietnam and the KBC Group.

(c) Mr. Khurram Sayed congratulated the Chairman for the important activities of the KBC Group and for the various awards and citations it has received for its various outstanding achievements in attracting foreign investors into the country.

(d) Mr. Jemal Inaishvili congratulated the Chairman for successfully attracting big multinational companies into the industrial parks, and said Georgia could learn from the experience of Vietnam in establishing and operating industrial parks.

(e) Mr. Michael Lee from Korea cited the importance of improving human resources in any organization and praised KBC for its program in providing education and training to its employees. Training of employees in Vietnam should not be a problem since the country has one of the highest literacy rates in the region.

At the conclusion of the meeting, President McMullin and Chairman Dang exchanged tokens of appreciation for the opportunity to obtain important information on the activities of the KBC Group and how it can help foreign investors from other countries to set up shop in Vietnam.

Lunch hosted by KBC Group Chairman

Chairman Dang, accompanied by some of his key officers, thereafter graciously hosted lunch for the delegation at the San San Restaurant located just outside the Industrial Park.

The complete report of the CACCI Presidential Visit to Vietnam can be read HERE.