Deputy Prime Minister Tran Hong Ha has signed a decision approving an adjustment to the investment plan for an expressway connecting northern mountainous Tuyen Quang province and northern Phu Tho province with the Noi Bai – Lao Cai Expressway.

Total investment capital in the project will increase to VND3.75 trillion ($158 million) from VND3.2 trillion ($135 million)….

The 40.2-km link includes 11 km in Tuyen Quang province and the remainder in Phu Tho.

In the first phase, from 2020 to 2023, the expressway will have two lanes, allowing vehicles to travel at a maximum speed of 80 km/h. Completion is expected by the end of this year.

Under the adjusted plan, the second phase will be implemented this year instead of 2025, as scheduled, expanding the expressway to four lanes and allowing a maximum speed of 120 km/h..

Source: https://vneconomy.vn

Currently, there are a series of major traffic works and projects that are being and continue to be implemented, such as the Thuan An sea route and bridge; Ring Road 3, connecting from Huong Tra town to Hue City and Huong Thuy town; To Huu Street from Hue City to Phu Bai International Airport; Phong Dien – Dien Loc street; Mai – Tan My market street; Phu My – Thuan An road; West road of Tam Giang – Cau Hai lagoon (Phu My – Phu Da section)…

Adjustment of investment policy in ring road 3 by more than 1,250 billion VND

Ring Road 3 with a length of 6.5km will be invested and built by Thua Thien Hue to perfect the traffic network, prevent congestion and reduce the load on National Highway 1A, the section through the center of Hue City. The project has a total investment of about more than 1,250 billion VND.

Ring Road 3, connecting from Huong Tra town to Hue City

Accordingly, with the adjusted investment scale, a route will be built with a total length of about 6.5km. Specifically, the first point intersects with National Highway 1 (at the intersection with Nguyen Van Linh Street), the end point intersects with National Highway 49A at Km19+170 (the junction of Vo Van Kiet and Minh Mang Streets), including 3 sections. This adjustment reduces the length of the route to 6.5km However, it does not change the total investment of the project, only changes the structure of the total investment.

The project aims to contribute to the completion of the main traffic network in the area according to the approved plan, improve the navigation capacity, prevent congestion and reduce traffic volume for the National Highway 1A section through the centre of Hue City.

The project also aims to create the conditions for the formation and development of satellite towns and new urban areas, effectively exploiting the planned land funds on both sides of the project, creating more revenue for the budget… The project implementation period is 4 years from the date of commencement.

Efforts to build overpass over Thuan An Seaport

The bridge over Thuan An estuary is the longest bridge over the sea estuary in the Central region, started in March 2022 with a total investment of VND 2,400 billion, expected to be completed in 2025, connecting with the national coastal road.

According to the Vice Chairman of Thua Thien Hue Provincial People’s Committee Hoang Hai Minh, the bridge has a particularly important meaning for the socio-economic development of the locality. The bridge is located in the coastal route project of the province, which will be a strategy and driving force for the development of the marine and lagoon economy in the coming time, contributing to changing the urban face, step by step implementing the goals of the Decree No. 54 – NQ/TW dated December 10, 2019 of the Politburo on Construction and Development of Thua Thien Hue until 2030, with a vision to 2045; striving to become a city directly under the Central Government.

The bridge over Thuan An estuary is one of the items of the coastal route passing through Thua Thien Hue province. The starting point of the bridge is Hoang Sa Street, Thuan An Ward, the end point is at Con Dau, Hai Duong Commune, Hue city.

The perspective of the bridge spanning Thuan An estuary with a length of 2.36 km, a width of 20 m and 4 lanes. The project is expected to be completed in 2025.

Source: https://baodautu.vn

Cities and provinces in the Northern Key Economic Region have been identified as the political, economic, cultural, scientific, and technical center of Vietnam as well as the main area of integration and exchange for the country with the region and the world, Permanent Deputy Minister of Foreign Affairs Nguyen Minh Vu told the Meet Korea 2023 event on May 18 in northern Bac Ninh province.

As a bright spot in terms of investment attraction and industrial development in Vietnam, Bac Ninh is an ideal meeting point for Vietnamese localities, enterprises, agencies and South Korean enterprises to exchange experience and open up new cooperative opportunities.

According to the Permanent Deputy Minister, Vietnam welcomes South Korean enterprisé to expand their investment scale in the country, especially in the fields of high technology, science and technology, innovation, the green economy, the digital economy, digital transformation, clean energy, smart cities, and eco-cities.

Speaking at the event, H.E. Oh Young-ju, the RoK’s Ambassador Extraordinary and Plenipotentiary to Vietnam, emphasized two special meanings for the Meet Korea 2023 event.

First of all, many relevant companies and agencies from both countries are present despite the effects of the global economic downturn. This is a positive point in economic cooperation between Vietnam and the Republic of Korea, even in the context of it being difficult for the two countries to reach the target for bilateral trade turnover of $100 billion this year due to the global economic slowdown.

Second of all, Meet Korea 2023 is the first event organized after the two countries upgraded their relationship to a comprehensive strategic partnership in December last year.

Also within the framework of the program “Meet Korea in the Northern region in 2023”, on the morning of May 18, Vice Chairman of Bac Ninh Provincial People’s Committee – Ngo Tan Phuong met and worked with a delegation of Korean enterprises led by Mr. Kim Hyong Mo, Chief Representative of the Korean Chamber of Commerce and Industry in Vietnam (KCCI), who led the delegation to visit and work at Yen Phong industrial park, Yen Phong district, Bac Ninh province.

Through the meeting, the Korean economic world knew Bac Ninh not only because it is the destination of many Korean enterprises, including Samsung, but also was impressed by the provincial leaders who always accompany, care, support and create all favorable conditions for enterprises to operate and develop. Thereby, KCCI will continue to propagate, promote and introduce the image of Bac Ninh and its industrial parks to Korean investors for research and investment.

Yen Phong Industrial Park, developed by Viglacera Corporation – a prestigious developer with more than 22 years of experience in the field of industrial zones, is considered a comprehensively developed industrial park for owning synchronous and modern technical infrastructure system and social infrastructure systems.

Yen Phong Industrial Park consists of two phases: phase 1 (344ha) is 100% filled and expansion phase (314ha). Currently, the industrial park has a synchronous and modern technical infrastructure system, including a power station, a nitrogen gas station, a water supply station, and a wastewater treatment station.

Not only developing synchronous technical infrastructure, but Viglacera also cares about sustainable development and social security when deciding to invest and build Yen Phong urban area to meet the need to live near the industrial park of workers.

Housing project for experts and workers located right in Yen Phong Industrial Park with a scale of 20ha, with adjacent apartments, condominiums and utilities such as restaurants, supermarkets, .. will meet the accommodation demands for nearly 6000 professionals and workers.

In particular, a complex of multi-functional works – Cultural and social housing area including Primary school, Kindergarten, Culture house, Health station and green park, exercise and sports area ,.. is invested and built on a land of 17,000m2, with the goal of best meeting the needs of workers’ accommodation, working, living and traveling, indirectly supporting costs and creating abundant human resources for enterprises operating in Viglacera’s IPs.

With the above advantages, Yen Phong Industrial Park has become the largest FDI attraction in the North with more than 12 billion USD, contributing to bringing Bac Ninh to the Top 10 in the country for many consecutive years in terms of attracting FDI. Up to now, there have been 100 investors operating in the industrial park, including big brands such as Samsung, Orion, Intops, Ottogi, LS Electric, KCC, Mobase, Deli, Lock & Lock…

Source: https://diendandoanhnghiep.vn

With a series of key projects in the field of building materials, industrial real estate, social housing, or commercial housing, Viglacera expects to complete the plan in 2023 with revenue of VND 15,750 billion and pre-tax profit of 1,210 billion VND.

On May 11, 2023, Viglacera Corporation – JSC held the Annual General Meeting of Shareholders (GMS) in 2023. As planned, Viglacera is oriented to focus on the investment in key projects.

In the field of construction materials, Viglacera plans to invest in the second phase of Ultra Clear Float Glass Factory, Viglacera Eurotile Factory (My Duc factory 2) with a capacity of 9 million m2/year in Ba Ria – Vung Tau, expanding investment in existing factories of member units such as Viglacera Hanoi Joint Stock Company, Viglacera Thanglong Joint Stock Company, My Duc Factory in Ba Ria – Vung Tau, etc.

In addition, Viglacera also focused on completing the new large-sized Vasta stone product line to satisfy the domestic and export markets.

Application of Vasta Stone sintered stone products in architecture and interior. Photo: Viglacera

This year, Viglacera also plans to put all its efforts into industrial real estate. Currently, Viglacera has invested and operated 11 industrial parks (IPs) in Vietnam and one industrial zone in Cuba, attracting 16 billion USD of FDI from more than 300 domestic and foreign enterprises, including many large enterprises such as BYD, Deli, Texhong, Qisda, Foxconn, Samsung, Amkor, Hyosung, Anam Electronics, Kortek, Orion, Ottogi, Canon, etc.

In 2023, the company plans to focus on developing, investing, doing business, and operating technical and social infrastructure in existing industrial parks while developing and expanding land banks in potential areas. Viglacera aims to increase the total number of IPs to more than 20 IPs with a total area of about 2,000 – 3,000 hectares by 2025.

For social housing and worker housing, Viglacera plans to step by step implement a program to invest in 50,000 social housing apartments in the period of 2022-2030, in which, Viglacera continues to develop social housing and worker housing areas, in sync with the development of the existing Dong Van 4, Phu Ha and Dong Mai industrial parks; social housing in Kim Chung; 9.8ha social housing in Yen Phong – Bac Ninh; the construction of new worker housing in Tien Hai (5.2ha), social housing in Phu Ha (8.4ha), preparing to invest in worker housing in Hai Yen – Quang Ninh, etc.

Currently, Viglacera owns more than 4,000 hectares of industrial real estate. Photo: Viglacera

For commercial housing, Viglacera continues to invest in Dang Xa (Hanoi); Tien Son, and Yen Phong – Bac Ninh Urban Area. The company will continue to implement the Van Hai High-class Eco-tourism Area Project phase 1 with an area of ​​35 ha, in which, an international 5* hotel is expected to be completed and put into operation in the second quarter of 2023; at the same time, prepare for the investment of phase 2 with an area of 40 ha.

In addition, Viglacera also expands its investment abroad. In 2023, the company plans to continue to implement investment projects in Cuba, in which, continue to implement phase 2 at ViMariel Industrial Park Projects and SanVig Joint Venture Project; continue to survey investment projects to build construction material factories in Cuba (1 Cotto brick factory, 1 Granite factory), research and prepare to invest in industrial parks, urban areas and production of building materials projects in the Dominican Republic.

2023 is considered to be a year with many difficulties, the Board of Directors of Viglacera Corporation held a meeting to agree to submit to the General Meeting of Shareholders to approve the business plan in 2023 with the target equivalent to 2022 and maintain the dividend payment rate of 20%.