During the recent business trip in Thua Thien Hue province, Prime Minister Pham Minh Chinh took an inspection tour to the construction site of passenger terminal T2 in Phu Bai international airport. Accompanying the Prime Minister was the Minister of Planning and Investment Nguyen Chi Dung and the Secretary of the Thua Thien Hue Provincial Party Committee Le Truong Luu.

Terminal 2 project at Phu Bai airport has a total investment of 2,249 billion VND, invested by Airports Corporation of Vietnam (ACV).

Prime Minister Pham Minh Chinh applauded relevant agencies and units for their efforts in construction during the recent Covid-19 epidemic.

Phu Bai airport was built in 1940, currently used for both military and civilian purposes. In 2013, ACV invested in repair with a total investment of nearly 700 billion VND. The current passenger terminal has a designed capacity of 1.5 million passengers a year.

Passenger terminal T2 was built according to Hue royal architecture with layers of roofs stacked on each other. The terminal has a construction floor area of about 22,380 m2, expected to serve 5 million passengers per year (4 million domestic passengers and 1 million international passengers), ensuring to serve 2,500 passengers during peak hours. Terminal 2 of Phu Bai international port is expected to promote the socio-economic development of the province and the region, especially tourism services.

The body of the station was started in August 2021. Up to now, the total actual volume at the site has reached 95% of the contract (received 85% of the contract value). Currently, the Project Management Board is urgently urging contractors to complete the interior and equipment installation in parallel with testing and commissioning with completed equipment, expected to put the station into operation on schedule in April 2023.

The expansion of the apron is implemented synchronously with the passenger terminal project. Currently, 100% of the volume and quality of the completed items have been completed, meeting the design requirements. It is expected that the Construction Investment Management Department – Ministry of Transport (a specialized agency in construction) will organize an inspection of the investor’s acceptance work at the end of March 2023. The Civil Aviation Authority of Vietnam will inspect and license the operation according to regulations, the time to put the project into operation is expected from the end of April 2023.

The units also said that the check-in for passengers at T2 terminal would be connected with national population data to reduce manpower and check-in time.

In order to complete the project and put it into operation on time and in accordance with regulations, the Prime Minister requested the investor to direct the contractors and consulting units to urgently complete the rest of the workload, take over, inspect and verify the quality of works in full compliance with current regulations; ready to put the project into operation and use. Complete all licensing and certificate procedures with the relevant authorities as prescribed. Prepare human resources to meet the requirements to receive, test operation, proceed to official operation and exploitation, to meet the travel needs of people on the occasion of the holidays of the upcoming April 30, May 1 and Hung King’s death anniversary.

It is also necessary to note that the construction of a smart, synchronous, modern station with lots of trees to meet demand even when the number of cars increases, The Prime Minister asked relevant agencies to urgently remove obstacles, invest in upgrading and completing the taxiway system according to the planning in order to improve the capacity and effectively exploit the airport; upgrade and complete infrastructure, traffic routes connecting to the airport, meeting the needs of fast, convenient and safe traffic.

Source: https://baodautu.vn

With an estimated total investment of over VND 2,500 billion, the investment project to build trunk roads connecting with functional zones in Thai Binh Economic Zone will create a connecting corridor between the internal traffic systems of the functional areas of the economic zone with main traffic routes such as national highway 39, national highway 37B, coastal road, DT.464, etc; and at the same time, creating motivation to attract investors and speed up the progress of exploiting Thai Binh Economic Zone as well as promoting socio-economic development, national defense, security, rescue and flood prevention and control in the region.

The investment project to build trunk roads connecting with functional zones in Thai Binh Economic Zone approved by the Provincial People’s Committee in Decision No. 509/QD-UBND dated March 9, 2022 includes 5 routes. In which, in Thai Thuy district, there are 2 routes (route 1, route 2), 3 routes in Tien Hai district (route 3, route 4, route 5) and 1 section of route 3 in Kien Xuong district. In which, route No.1 running along the horizontal axis in the north of the economic zone, passing through Lien Ha Thai industrial park, and route No.2 starting from the road connecting National Highway 37B (the first section of Diem Dien bridge) to the sea-dyke no. 7 at the Thai Thuong port and industrial-service zone, are invested and built according to the scale of grade III delta road, design speed of 80km/h. Line 3 has a length of 13.07km, running along the southern axis of the economic zone from the coastal road to national highway 37B, the section through Nam Binh commune (Kien Xuong), invested and built according to the scale of the expressway, with a design speed of 100km/h. Routes 4 and 5 are invested and built according to the scale of plain grade IV roads, regional main roads and industrial park main roads. In addition, the whole route is also invested with the synchronous construction of works on the route including sewers across the road; drainage ditches along the road, surface water drainage, and return irrigation system; system of sidewalks, sidewalks and trees; the roof reinforcement system, protection works, traffic safety system… The routes are also designed to connect with residential roads to ensure traffic safety requirements. 5 is invested and built according to the scale of plain grade IV road, regional main road, main road of industrial park. In addition, the whole route also invests in the synchronous construction of works on the route including sewers across the road; drainage ditches along the road, surface water drainage and return irrigation system; system of sidewalks, sidewalks and trees; the roof reinforcement system, protection works, traffic safety system…The routes are also designed to connect with residential roads to ensure traffic safety requirements.

The investment in the construction of trunk roads in the economic zone is one of the priority investment projects to create a premise for the construction, formation and development of the economic zone in the coming time. This is a large-scale project but with the capacity of investors; the close attention and direction of the authorities at all levels, the investment project to build trunk roads connecting with functional zones in Thai Binh Economic Zone will soon be completed and opens to traffic.

Source: https://baothaibinh.com.vn/

According to the Ministry of Planning and Investment, as of February 20, 2023, the total foreign direct investment (FDI) registered in Vietnam including newly registered capital, adjusted registered capital and the value of capital contribution and share purchase by foreign investors reached US$3.1 billion, down 38% over the same period last year.

Structure of foreign investment capital in the first 2 months of 2023 compared to the same period in 2022

Of which, 261 new projects were granted Investment Registration Certificates (increasing by 42.6% over the same period), the total registered capital reached more than 1.76 billion USD (up nearly 2.8 times over the same period); There were 133 projects registered to adjust investment capital (down 6.3% over the same period), the total additional registered capital reached nearly 535.4 million USD (down 85.1% over the same period); There were 440 times of buying capital contribution by foreign investors (up 10% over the same period), the total value of contributed capital reached nearly 797.9 million USD (up 3.7% over the same period).

Regarding investment in commodity sectors, foreign investors invested in 17 sectors out of 21 national economic sectors; in which, the processing and manufacturing industry led the way with a total investment of nearly 2.17 billion USD, accounting for 70.1% of the total registered investment capital, followed by the real estate business with the total investment capital of nearly 396.9 million USD, accounting for more than 12.8% of total registered investment capital; wholesale and retail industries with a total investment of nearly 202.1 million USD, transportation and warehousing with a total registered capital of nearly 141.9 million USD.

10 provinces attracting the most FDI in Vietnam in February 2022

Regarding investment in localities, foreign investors invested in 39 provinces and cities across the country in February 2023. Bac Giang took the lead with a total registered investment capital of more than 824.3 million USD, accounting for more than 26.6% of the total registered investment capital and increasing by more than 8.4 times over the same period in 2022. Ho Chi Minh City ranked second with more than 103 new projects and a total registered investment capital of more than 369, 1 million USD, accounting for more than 11.9% of the total investment capital of the country. Following were the localities of Binh Duong, Quang Ninh, Dong Nai, Hai Phong, Bac Ninh, Ba Ria – Vung Tau, Hung Yen and Tay Ninh. Tay Ninh ranked at the bottom of the Top 10 list with a total foreign investment capital of 81.13 million USD. In particular, while in January 2023, Quang Ninh ranked only 13/53 in terms of FDI attraction, in February 2023, this locality jumped 9 places, surpassing Bac Ninh and Dong Nai to enter the top 4 localities attracting the highest FDI in the country in the first 2 months of the year. The reason is that within a month, this locality had 2 more newly registered projects, bringing the total newly granted capital from 12.84 million USD in January 2023 to 331.84 million USD in February 2023. Since then, the total newly registered capital, adjusted and contributed capital to buy shares, buy capital contribution of foreign investors reached about 332.2 million USD as of February 20, 2023.

Source: https://investvietnam.gov.vn/

On the morning of March 10 in Hanoi, Viglacera Corporation – JSC was honored in the Top 10 Best Industrial Real Estate Developers in 2022 in the Ceremony of Honoring the Leading Real Estate Brands 2022 – 2023. The event was organized by Vietnam Real Estate Electronic Magazine (Reatimes) and Vietnam Real Estate Research Institute (VIRES), under the direction and sponsorship of the Vietnam Real Estate Association.

Accordingly, the 3rd Spring Real Estate Forum and the Ceremony of Honoring the Leading Real Estate Brands 2022 – 2023 are annual activities held to provide comments and analyses on the overall picture, forecasts on trends, prospects, and investment opportunities in Vietnam’s real estate market in the coming period; identify obstacles and difficulties that need to be overcome as well as finding solutions to help enterprises adapt flexibly to the current context. At the same time, the Honor Ceremony recognizes and honors the steadfast spirit and development strategies that adapt to the new circumstances of Vietnamese real estate enterprises, professional brands that have many contributions, lead the real estate market, and have quality and reputable products in the real estate market in 2022 – 2023.

Viglacera Corporation – JSC was honored in the Top 10 Best Industrial Real Estate Developers in 2022. This is the second consecutive year Viglacera has won this award.

2022 is a tumultuous year for the world economy and Vietnam, influenced by many factors, including the possibility of a global economic recession; China market has reopened but with slow growth; the international monetary and financial markets are relatively unstable. However, up to now, Viglacera still affirms its solid position in the field of industrial real estate, when attracting more than 16 billion USD of FDI capital from 300 domestic and foreign enterprises, including reputable companies in the world such as Samsung Electronics, Samsung Display, Amkor, Hyosung, Orion, Lock & Lock, BYD, Iljin Diamond, Foxconn, etc.

Ms. Nguyen Thi Thu Huong – Deputy Director of Viglacera Real Estate Company, representative of Viglacera Corporation – JSC was honored to receive this award.

Currently, Viglacera is a leading enterprise in Vietnam in investment and development of industrial park (IP) infrastructure with more than 20 years of experience.

There are 12 industrial park projects with a scale of more than 4,000 hectares, including 11 industrial parks in Vietnam, and 1 economic zone (EZ) in Cuba, including Yen Phong IP, Yen Phong II-C IP, Tien Son IP, Thuan Thanh I IP (Bac Ninh); Phu Ha IP (Phu Tho); Hai Yen IP, Dong Mai IP (Quang Ninh); Tien Hai IP (Thai Binh), Dong Van IV IP (Ha Nam), Phong Dien IP (Thua Thien – Hue), Yen My IP (Hung Yen) and ViMariel EZ (Cuba).

Thanks to the advantage of owning an abundant supply of industrial land located in many provinces, Viglacera’s IPs offer investors a variety of choices, meeting the needs of all enterprises. Industrial parks have clean land as well as complete, synchronous, and modern infrastructure, meeting the land needs for the industrial production of domestic and foreign enterprises.

In the coming time, Viglacera Corporation – Joint Stock Company will continue to orient to become a multinational enterprise, operating in two core fields: Manufacturing and trading synchronous environmentally-friendly top-quality construction materials; Investing in multi-field real estate business, prioritizing the infrastructure development of industrial parks, urban areas and houses with maximum utilities for customers..