Viglacera donated 100 tons of rice to doctors at the frontline against the COVID-19 acute respiratory infection of Cuba and 25 tons of rice to the SANVIG Construction joint venture.
Vice President of ViMariel Company, a branch of Viglacera in Cuba Nguyen Ngoc Anh presents a symbolic gift of 100 tons of rice to Cuban Deputy Health Minister Luis Fernando Navarro Martínez.
According to the Vietnam News Agency reporter in La Habana, on October 7, the representative of Viglacera Corporation of Vietnam in Cuba held a symbolic ceremony of giving gifts of 100 tons of rice to doctors at the front line to fight against COVID-19 acute respiratory infection disease of Cuba and 25 tons of rice for SANVIG joint venture, which is manufacturing tile, flooring and sanitary ware.
Speaking at the ceremony taking place at the Mariel Special Development Zone, Mr. Nguyen Ngoc Anh, Vice President of ViMariel Company, Viglacera’s branch in Cuba expressed his admiration for the spirit and indomitable struggle of the Cuban people, as well as his expectation to contribute a small part to share the difficulties with the heroic Caribbean island nation.
Cuba-Vietnam honors cooperation in the fight against COVID-19
On the Cuban side, Deputy Minister of Health, Mr. Luis Fernando Navarro Martínez affirmed that Cuba always treasures the affection and friendly gestures from the Party, State and people of Vietnam, vividly demonstrating the saying “with Vietnamese people, solidarity and friendship with Cuba is an imperative of the heart and mind ” by Prime Minister Nguyen Xuan Phuc.
Mr. Navarro Martínez emphasized the steps to tighten the traditional cooperation and affection between the two countries in the context that the COVID-19 epidemic is causing many difficulties around the world, it is even of more practical significance in the year the Vietnam and Cuba celebrates the 60th anniversary of diplomatic relations; at the same time, he said that the gift would be immediately distributed to Cuban medical facilities.
Also, at the ceremony, Vietnamese Ambassador to Cuba Mr. Le Thanh Tung reaffirmed the enduring values of the special relationship between the two countries through different stages of struggle by each nation, at the same time he strongly believed that the success of joint venture projects on production and investment would strengthen and enrich the traditional solidarity between the two peoples.
Viglacera Group is implementing 2 projects in Cuba, of which ViMariel is the first 100% foreign-owned enterprise to be granted the right to use land and develop industrial infrastructure in Mariel Special Development Zone – a priority point to receiving investment and promoting Cuban import and export; and SANVIG joint venture is one of the leading sanitary ware and tile suppliers in Cuba.
Source: Vietnam News Agency+
Phong Dien Viglacera Industrial Park, covering 284 ha, was launched in 2015. After five years of development with ongoing cooperation efforts for synchronous and modern infrastructure from Viglacera Corporation – JSC, the industrial park has been a reliable address for investors and become an attractive new destination in the central region.
Phong Dien Viglacera Industrial Park is located in Phong Dien district, Thua Thien Hue province in the heart of the central region, lying on the backbone North- South traffic system, East-West Economic Corridor that links Thailand, Laos and Vietnam along Provincial Road 9 and lying between Hanoi and Ho Chi Minh City, two major economic centers. The province has convenient road, rail and water traffic networks and is home to many universities and colleges that train an abundant workforce. Phong Dien Viglacera Industrial Park is close to National Highway 1A and the North-South Railway, 35km from Hue City, 50km from Phu Bai Airport, 30km from Thuan An Port, 90km from Chan May Port and 120km from Tien Sa Port. These facilities enable tenants to easily import and export goods.
Location of Phong Dien Viglacera Industrial Park.
Costing VND700 billion for construction, Phong DienViglacera Industrial Park is a general high-tech destination, aiming at environment-friendly industries such as electronics, information technology, and agricultural processing, food and beverage, textile and garment, construction materials, mineral extraction and processing, sand mining and processing as it lies near to enormous quartz sand mines. Currently, it has a synchronous and modern system of technical and service infrastructure: The internal traffic system with trunk roads of 2-4 lanes and 22-33m wide, a 110/22KV power source supplied by the national grid, and a water plant with a daily capacity of 11,000 cubic meters. Not only investing in technical infrastructure, Viglacera also shows its corporate social responsibility (CSR) when it planned to develop a residential area for workers next to the industrial park in the future. The project will help solve accommodation needs of workers and indirectly help tenants reduce labor costs and increase their employment appeals.
Synchronous and modern technical infrastructure – service system in Phong Dien Viglacera Industrial Park.
Over the past years, Viglacera has continuously invested in investment promotion and taken part in domestic and foreign investment conferences. As a result, Phong Dien Viglacera Industrial Park in particular and Thua Thien Hue province in general are increasingly known by investors.
In 2019, Viglacera successfully attracted US$200 million project from Kanglongda Co., Ltd, its first manufacturing factory in Vietnam, to increase its capabilities of global product supply. A Kanglongda representative said that the first factory is of great importance in the parent company’s market expansion and development strategy. Therefore, the Board of Directors carefully considered and selected Phong Dien Viglacera Industrial Park because it has advantageous traffic position, easy freight transport by sea, rail, road and air, abundant labor supply, appealing investment incentives and enthusiastic support from local government.
In order to actively welcome investors in the post-COVID-19 period, Viglacera cooperated with Thua Thien Hue authorities to quickly complete infrastructure, land clearance, and prepare clean land. Currently, the industrial park has more than 100 ha of land for factory construction for tenants.
With more than 20 years of experience, Viglacera is one of the first companies to build concentrated industrial parks in Vietnam. Up to now, Viglacera has developed and put into operation 11 industrial parks, including 10 industrial parks in Vietnam and 1 industrial park in Cuba, covering more than 4,000 ha of land and attracting more than 300 investors around the world, including many reputable brands such as Samsung, Orion, Canon, Foxconn, Hyosung, Qisda and Toyoda Gosei. Viglacera’s locations are always trusted by investors and importantly helpful for local socioeconomic development.
For more information, please contact:
Viglacera Real Estate Company
2nd Floor, Viglacera Tower, No. 1 Thang Long Boulevard, Me Tri, Nam Tu Liem, Hanoi, Vietnam.
Hotline: +84 888 25 22 88
On October 5, 2020, Viglacera Corporation held a briefing meeting to evaluate business results in September, the third quarter, the first 9 months of the year and implemented the tasks of production and business plans for the last 3 months of 2020. After the first 9 months of the year, Viglacera has recorded that the parent company’s profit target was achieved and exceeded the plan.
Deputy General Director Nguyen Anh Tuan reports on the assessment of business results in September 2020 and deployment of production and business tasks in October 2020.
According to the evaluation report, the business performance in September reached 111% of the monthly plan in terms of the pre-tax profit of the corporation, the third quarter obtained 100% of the quarterly plan, growing up 49% compared to that in the first quarter and 80% compared to the plan of the second quarter. The achievement of the real estate sector in industrial parks shows the right direction of the Corporation.
Based on the achieved results in the third quarter and the first 9 months of 2020, Viglacera sets a target plan for the last 3 months of the year. Associating closely with the production and business plan of 2020, the Corporation has assigned particular tasks to each unit to sign a commitment to fulfill key targets such as profitability, debt reduction and inventory. In 2020, the Corporation will surely complete and exceed the profit target which was assigned by the General Meeting of Shareholders.
The Prime Minister has just signed Decree 111/2020 / ND-CP on Vietnam’s Preferential Export Tariff and Special Preferential Import Tariff to implement the Free Trade Agreement between the Socialist Republic of Vietnam and the European Union (EVFTA) for the period 2020-2022.
Preferential export tax rates specified in Appendix I issued together with Decree 111/2020 / ND-CP include product code, description of goods, and preferential export tax rates according to stages when exporting to territories under the EVFTA Agreement, including: member territories of the European Union; United Kingdom of Great Britain and Northern Ireland for each code.
The Decree specifies conditions for applying the preferential export tax rates under the EVFTA Agreement.
Accordingly, goods exported from Vietnam to be eligible for preferential export tax rates must satisfy the following conditions:
Be allowed to import into the territories under the EVFTA Agreement, including: member territories of the European Union, United Kingdom of Great Britain and Northern Ireland.
Have a transport document (copy) showing the destinations which are the territories specified in (a) above.
Having the import customs declaration of the export consignment of Vietnamese origin to be imported into the above-mentioned territories (copy of English or Vietnamese translation in case the language used on the declaration is not in English).
The Decree details Vietnam’s special preferential import tariff schedule to implement EVFTA in Appendix II of this Decree, including: product code, description of goods, import tax rate special offers in stages for the imported from the member territories of the European Union; United Kingdom of Great Britain and Northern Ireland; The Principality of Ando; The Republic of San Marino the Socialist Republic of Vietnam (the imported goods from non-tariff zones to the domestic market) for each product code.
Imported goods eligible for special preferential import tax rates under the EVFTA Agreement must meet the following conditions:
Belonging to the Special Preferential Import Tariff specified in Appendix II to this Decree.
Be imported into Vietnam from: member territories of the European Union specified in Appendix III to this Decree; United Kingdom of Great Britain and Northern Ireland; The Principality of Ando; Republic of San Marino; and the Socialist Republic of Vietnam (Goods imported from non-tariff zones to the domestic market).
Meet the requirements of origin of goods and have proof of origin in accordance with the provisions of the EVFTA Agreement.
Decree No. 111/2020 / ND-CP takes effect from September 18, 2020.
For customs declarations of exported and imported goods registered from August 1, 2020 to before September 18, 2020, if all requirements are met to enjoy preferential export tax rates, Vietnam’s preferential imports under Decree No. 111 and for which higher tax rates have been paid, shall be handled by the customs office for the overpaid tax.
Source: Financial Times
By September 21, the Government allowed to reopen 7 international routes including: Vietnam – Taiwan, Vietnam – Guangzhou (China); Vietnam – Japan; Vietnam – Korea; Vietnam – Cambodia; Vietnam – Laos, Vietnam – Thailand. Passengers on commercial flights to Vietnam need to have a negative nCoV test, then quarantine and continue a PCR testing.
People are allowed to enter: Diplomats, experts, foreign businesses, international students, Vietnamese
Things to note before boarding:
Test negative in your home country for 3-5 days
Have visa entry, a place of stay
Check your body temperature
Install electronic declaration application
Transiting guests sitting in a private area
Foreigners must purchase international health insurance
Notes after getting off the plane:
PCR test 2 times / 6 days – cost 734,000 VND / time
If the result is negative for the second time, the person will be self – isolated
Short entry (less than 14 days)
Test for PCR every 2 days
o Quarantine location:
The diplomats will be stayed on quarantine at the Official House.
Foreign experts and enterprises are isolated at the Factory
The Vietnamese will be in army locations (cost 120,000 VND / day)
Alternatively, you can opt for hotel isolation (cost determined by the establishment).
On September 5, 2020, on the occasion of the opening new school year, the Party Committee of Viglacera Corporation – JSC together with the Fatherland Front Committee and Cau Giay District Labor Federation visited and presented gifts at the village of Birla children – The place is nurturing nearly 100 children with special circumstances of Hanoi City.
In order to contribute to the cause of protecting, caring for and educating children, pioneering in humanitarian missions, Mr. Nguyen Quy Tuan – Deputy Secretary of the Party Committee, Chairman of Viglacera Corporation Trade Union graciously encouraged children and donated 5 sets of computers in the time of the Covid 19 epidemic, supporting them to study online during the period.
Mr. Nguyen Quy Tuan – Deputy Secretary of Party Committee, Chairman of Viglacera Corporation Trade Union presented gifts to Birla Children’s Village in Hanoi
The donated computers will be helping children as useful tools as well as essential foundation to learn, improve knowledge and working skills in the future.
Currently, the epidemic of Covid-19 in the country is basically controlled. Accordingly, Viglacera has implemented the policy of the Party and State, it has been preventing and fighting epidemics, concurrently restoring production and business activities, promoting socio-economic development, taking advantage of new opportunities, especially catching the trend of transferring foreign investment capital into Vietnam.
Specifically, in August 2020, Viglacera collaborated with the People’s Committee of Quang Ninh Province, the Ministry of Planning and Investment, the Korean Embassy in Vietnam, and Korean international organizations in Vietnam (KCCI, KOTRA ) organized a program to promote investment of Korean enterprises with the theme “Quang Ninh 2020 – Investment destination”. Within the framework of the program, Mr. Jeong Woo Jin, Deputy Ambassador, Consul General of the Korean Embassy in Vietnam and Korean business leaders visited and worked in Dong Mai Industrial Park (IP).
The delegation of Korean businesses visited and worked in Dong Mai Industrial Park – Viglacera
Speaking at the meeting, the representative of Quang Ninh province said that the province always identified Korea as a potential and key market to call for and promote investment attraction, especially in the fields of high and clean technology, saving natural resources and supporting sustainable socio-economic development. At the same time, the Deputy Ambassador also expressed his belief in the potential for development as well as the support for Korean investors from Quang Ninh province and reputable industrial zone infrastructure developers such as Viglacera.
Through this program, representatives of Korean businesses wishing to expand production in Vietnam exchanged and made an appointment to work with Viglacera in the shortest time to learn more about cooperation opportunities.
Mr. Jeong Woo Jin, Deputy Ambassador, Consul General of the Korean Embassy in Vietnam expressed his confidence in the cooperation opportunities between Vietnam – Korea.
In addition to face-to-face meetings in conditions to ensure disease safety control, Viglacera also maintains regular online communication with foreign investors who cannot directly travel to Vietnam. Thanks to this dynamism and positivity, Viglacera Industrial Parks (Ips) have successfully attracted many new businesses with a total leased land area of nearly 40 hectares recently.
Up to now, Viglacera has developed 11 industrial parks in Vietnam and 1 economic zone in Cuba, attracting nearly $15 billion of FDI capital from more than 300 domestic and foreign enterprises, creating jobs for tens of thousands of workers in the area. Thanks to the favourable advantage of its location in many provinces, Viglacera IPs offer a variety of choices for investors, meeting the particular needs of business. All industrial zones have clean land and adequate, synchronous and modern infrastructure, ready to welcome businesses to rent and build factories.
46 years is a half of a human life, 46 years of an Enterprise is a long way with countless changes, growth, and many challenges. Founded on July 25, 1974, Viglacera Corporation – JSC during its 46 years has created “miracles” featuring its own hallmark of Viglacera – a strong Vietnamese brand name that continuously reaches out in the international arena.
Mr. Nguyen Quy Tuan – President of the Corporation Trade Union, on behalf of the Board of Directors, made a welcome speech at the meeting
Going through a 46-year journey of construction and development with many challenges, a journey with great changes in Viglacera’s operating model and position from its inception to the present. Viglacera has completely transformed from a small-scale enterprise – a Construction Ceramic Tiles company – to a Viglacera Corporation – JSC – a pioneer manufacturer in the field of Building Materials and Real Estate Business. That change comes from the enthusiasm, dedication, right decisions of the Board of Directors of the Corporation and member units as well as the contributions of many merits, strength, wisdom and passion from generations of employees of the Corporation.
Along with the ceaseless efforts and determination of enthusiastic hearts, the Board of Directors and all Viglacera employees are confident that they will unanimously preserve and promote good traditional values, the fire of aspiration and passion to write new more glorious pages of Viglacera Corporation – JSC.
The revised Construction Law 2020 officially shortens the time for granting the construction permit in the case of construction work, including the permit with definite term, adjusting and relocation.
Specifically, according to the revised Construction Law 2020 which takes effect from January 1, 2021, from the date of receipt of complete and valid dossiers, the competent agency must consider the issuance for the permit within a period of 20 days for the case of a construction work permit, including the permit with a definite term, adjusting and relocation, and 15 days for a privatehouse.
Thus, the time to issue a construction permit is shortened from 30 days today to 20 days. This regulation brings positive signals, saving time and money for many construction units.
In case the time of licensing is due but it needs to be further considered, the construction permit-granting agency must notify the applicant the reason in writing, and at the same time report to the direct managing authority to address the issue, but not more than 10 days from the date of expiration as prescribed in Clause 1 Article 102 of the Law on Construction 2014.
At the same time, the new Law also supplements the provision: “The time to grant a construction permit for advertisement shall comply with the law on advertising” ./.
According to JLL’s Market Overview Report, the number of inquiries is still significant but the transaction is stalled because of Covid-19 outbreak.
In Q1/2020, the demand for land is still high thanks to Vietnam’s good industrial development background in previous quarters. However, from February 2020 when the COVID-19 outbreak began, the restriction of movement among regions has caused the delay to the transaction, because investors especially foreign investors, can not directly take a field trip or work with industrial park developers. Successful transactions in the quarter were mostly done before the epidemic. The occupancy rate of the whole area is increased at a relative rate, about 200 percentage points compared to that in Q4/2019 and reached 72% by the end of Q1/2020.
The land area is still sufficient to meet the leasing needs
According to a report of the Department of Economic Zone Administration (Ministry of Planning and Investment), by the end of March 2020, Vietnam has established 335 industrial parks (IPs) with a total natural land area of about 97.8 thousand hectares; in which industrial land area is about 66.1 thousand hectares, 260 industrial parks have been put into operation with the occupancy rate of about 75.7%; 75 industrial parks are under construction with a total area of about 29.2 thousand hectares. For economic zones (EZs), the whole country has 17 coastal economic zones with a total land area and water surface of more than 845 thousand hectares, the leased land area in functional areas in the EZ reaches over 40 thousand hectares.
No new IPs has been put into operation in the last quarter. Bac Ninh and Hai Phong with large supply still play the role of two leading industrial markets in the North. Thanks to the strong industrial development foundation, the trend of new industrial parks and expansion stages will also focus on developing mainly in these two provinces. Land price keeps rising amid the crisis and Vietnam has been a promising destination since the wave of factory relocation from China began. Although the Covid-19 epidemic is causing certain difficulties with business decisions and relocation activities, IP owners are still confident to increase land prices as it is a long-term investment trend. With a well-developed infrastructure and sharing border with China, the North attracts most of the major manufacturers who want to diversify their production portfolio besides their facilities in China. Therefore, the average land price in Q1/2020 reached US $ 99/m2/lease period, up 6.5% over the same period last year. Ready-built factories – a favorite choice of small and medium-sized businesses – remain stable at rent of US$ 4.0-5.0/m2/month, and are fully occupied already.
Source: Report of Department of Economic Zone Management, Quarter I / 2020 – Ministry of Planning and Investment; JLL.
On March 30, 2020, the Council of Europe adopted a Free Trade Agreement (FTA) between the European Union (EU) and Vietnam (EVFTA).
Mr. Gordan Grlić Radman, Croatia’s Minister of Foreign Affairs and European Affairs – the EU’s rotating chairperson – said: “This agreement is the second document that EU has signed with a Southeast Asian country, after Singapore. It is also the most ambitious free trade agreement ever signed with a developing country.”
The Vietnam – EU Investment Protection Agreement (EVIPA) was also signed at the same time with the EVFTA Agreement on June 30, 2019 in Hanoi. The EVIPA Agreement will need to be ratified by all member states according to the respective national procedures before it becomes effective. Once approved, this Agreement will replace the bilateral investment agreements that 21 EU member states currently have with Vietnam.
Leaders of the Party, State and National Assembly have recently affirmed their determination to ratify EVFTA in the shortest time.
EVFTA is a comprehensive and high-quality agreement, it guarantees mutual benefit for both Vietnam and the European Union (EU), having taken into account the development gap between two sides.
This agreement was started and concluded in the context of the sound bilateral development of Vietnam-EU bilateral relations, especially in the field of economy and trade.
EU is one of Vietnam’s leading trading partners with a two-way turnover of US$ 56.39 billion in 2019, of which exports reached US$ 41.48 billion, imports from the EU reached US$ 14.91 billion.
On February 12, the Free Trade Agreement and the Investment Protection Agreement (IPA) were approved by the European Parliament (EP). On March 30, the European Council decided to ratify the EVFTA Agreement. This is an important decision, marking the completion of the entire process of ratification of the EVFTA Agreement on the European Union’s side.
Under the process, the EVFTA Agreement will take effect after being ratified by the National Assembly of Vietnam and 30 days after the two sides complete the procedures to notify each other.
According to economic experts, although the Covid-19 epidemic is causing certain difficulties, Vietnam is still a potential destination in the long term thanks to the positive outlook of the economy and the wave of manufacture transition away from China. Facing this trend, Viglacera’s industrial parks (IPs) continue to maintain their attraction to many investors in the first quarter of 2020.
From the fourth quarter of 2019, Viglacera has continuously welcomed many leading enterprises from China, Taiwan, Hong Kong, South Korea, Japan and Europe to survey IPs, estimating the total leased land area over the past time up to over 60 hectares with total investment of hundreds of million dollars.
Specifically, Phu Ha Industrial Park (Phu Tho province) has successfully attracted 4 FDI from Hong Kong, Taiwan, South Korea producing children’s toys, automobile lights, camera components for mobile phones and manufacturing helmets and its accessories.
At Dong Van 4 Industrial Park (Ha Nam), the world’s leading synthetic diamond manufacturer and processor ILJIN Diamond (South Korea), after a thorough research, has decided to invest in building the first factory in Vietnam. At the same time, the park welcomed another Korean company, specializing in the production of automotive dashcams, and a number of other domestic investors.
As noted, in the first 3 months of 2020, Dong Mai Industrial Park has welcomed 7 more foreign enterprises which decided to rent a land area of nearly 25ha to manufacture electric bicycles, electromechanical tools, mechanical parts, assembling and accessories.
Besides, even though Yen Phong 2C Industrial Park (Bac Ninh) was just started in January 2020, it immediately received the attention from many investors, quickly reached an agreement and signed initial contracts with HyoSung TNS Inc (a member of HyoSung Corporation) along with other supporting businesses.
HyoSung Corporation is known as one of the global scales, multi-disciplinary corporations and also one of the three largest economic groups in South Korea with 114 factories, centers and sales offices in 29 countries and territories around the world.
Viglacera’s IPs constantly attract the attention of domestic and foreign investors
That the Covid-19 outbreak started in February 2020 makes impossible for investors, especially foreign investors to come to Vietnam, however they still stay in touch with Viglacera via online contacts to ensure the progress of implementation of the investment and business plan in 2020, many of investors have already booked for a site visit after the disease is controlled.
This is a positive signal for the recovery and development of the industrial park’s real estate market in general and Viglacera’s investment attraction in particular. At the same time, in order to prepare for the recovery after the disease, Viglacera has been mobilizing resources to clear the site and complete infrastructure for the next land lots.
Map of Viglacera’s industrial parks in Vietnam
(Phu Tho, Bac Ninh, Hung Yen, Ha Nam, Thai Binh, Quang Ninh, Thua Thien Hue)
Up to now, Viglacera has developed 11 industrial parks in Vietnam and 1 economic zone in Cuba, attracting nearly 15 billion USD of FDI capital from more than 300 domestic and foreign enterprises, creating jobs for tens of thousands of workers in the area. Thanks to the favourable locations in many provinces, Viglacera’s Industrial Parks offer a diverse land selection to investors to meet their business needs. All industrial parks have clean land with adequate, synchronous and modern infrastructure, and are all ready to welcome businesses to lease and build factories.
Proud to be the leading industrial park developer in Vietnam with over 20 years of experience, Viglacera is now owning many active industrial parks, such as: Tien Son Industrial Park (Bac Ninh), Yen Phong Industrial Park (Bac Ninh), Yen Industrial Park Phong 2C (Bac Ninh), Phu Ha Industrial Park (Phu Tho), Hai Yen Industrial Park (Quang Ninh), Dong Mai Industrial Park (Quang Ninh), Tien Hai Industrial Park (Thai Binh), Dong Van IV (Ha Nam), Phong Dien (Thua Thien Hue), Yen My Industrial Park (Hung Yen), ViMariel Economic Zone (Cuba). It is expected to start Thuan Thanh Industrial Park (Bac Ninh) in 2021.
For further information, please contact the hotline: (+84) 888 25 22 88 | Website: https://viglaceraip.com
More images of Viglacera’s IPs: