The People’s Committee of Phu Tho province has just issued a decision approving the investment policy and simultaneously approving Viglacera Phu Tho JSC as the investor to implement the investment project for constructing and operating the infrastructure of Phu Ninh Industrial Park, with a total investment capital of nearly 2,560 billion VND.
According to the decision, the project has a scale of 409.23 hectares, of which land is allocated for the industrial park of approximately 400 hectares, and the remainder is for the transportation system. The total investment capital of the project amounts to 2,559.921 billion VND, including 386 billion VND contributed by the investor and over 2,173 billion VND loan capital and mobilized capital from legal sources.
Overview diagram of transportation connections of the Phu Ninh Industrial Park project.
The Phu Ninh Industrial Park is oriented towards developing a modern, integrated industrial park model, meeting the requirements for attracting secondary investors in high-tech industries, supporting industries, clean production, and environment-friendly industries. The project is being implemented in Dan Chu and Phu Ninh communes, Phu Tho province, with an operational term of 50 years from the date of land allocation, land lease, or land use conversion. Construction of the industrial park’s facilities will commence in Q2/2026, with partial operation expected from Q4/2026 and the entire project completed in Q4/2030.
For Viglacera, being selected by Phu Tho province as the investor not only expands its industrial park land fund but also has strategic significance in completing the Corporation’s industrial park network in localities with convenient connections to the Capital region and key economic corridors. Phu Tho is located on an important transportation axis connecting Hanoi with the Northwestern provinces, creating favorable conditions for the development of industry, logistics, and supply chains.
The People’s Committee of Phu Tho province has assigned the Provincial Industrial Parks Management Board to coordinate with relevant departments, localities, and investors in guiding, inspecting, and urging the completion of procedures related to investment, construction, land, and environment. They are also tasked with organizing compensation and resettlement support when the State reclaims land for the project, in accordance with legal regulations.
Phu Tho province also requires investors to fully comply with current regulations on investment, construction, fire safety, and environment, ensuring capital contributions are made as committed, with bank guarantees as required, and invest in integrated technical infrastructure such as wastewater and waste treatment systems, internal transportation, and connection to the regional transportation network. Close coordination with localities in land clearance and housing development for workers is also emphasized from the outset.
The approval by the People’s Committee of Phu Tho province of Viglacera Phu Tho JSC as the investor of the investment project for constructing and operating the infrastructure of the Phu Ninh Industrial Park, covering an area of 409.23 hectares, in the early days of the new year, has further expanded Viglacera Corporation’s industrial park system. Accordingly, the total number of industrial parks invested and developed by Viglacera has increased to 19, with a total industrial park land area of approximately 6,000 hectares.
The Phu Ninh Industrial Park project is the next step in Viglacera’s strategy of developing sustainable and selective industrial park infrastructure, in line with the Corporation’s long-term orientation in the new development phase. Upon completion, the project is expected to contribute to attracting investment, creating jobs, promoting economic restructuring in Phu Tho province, and increasing the value of Viglacera’s industrial park ecosystem nationwide.
