On April 22, Kinh Bắc Urban Development Corporation (KBC) announced its investment in Phu Binh Industrial Park in Thai Nguyen province with a scale of 675 ha and a total investment of over 11.492 trillion VND, including 1.723 trillion VND in equity. The project has adjusted its investment plan, increasing the budget by 2.534 trillion VND compared to previous approvals. The project’s operational period spans 50 years, with the completion of construction expected in Q3 2030, and land rental commencing in Q3 2027. KBC is also preparing to receive permits for various projects in Hai Duong, including Tràng Duệ 3 industrial park. Additionally, the company signed a memorandum of understanding with a tech group to lease over 30 ha in Nam Son – Hạp Lĩnh Industrial Park. In 2025, KBC aims for a revenue of 10 trillion VND and a profit of 3.2 trillion VND. KBC’s shares currently trade at 21,350 VND/share, down 30% from early April.
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