Vietnam’s process manufacturing sector has to date attracted 252 billion USD in foreign direct investment (FDI), accounting for nearly 60% of the total foreign capital poured into the Southeast Asian country.

According to the Foreign Investment Agency under the Ministry of Planning and Investment, there are currently 34,898 valid FDI projects worth 426.14 billion USD in Vietnam.

In the first half of this year, the country lured 16.03 billion USD in FDI, of which the sector accounted for 8.84 billion USD, or 63% of the total.

The sector has been attractive to the world’s major groups such as Samsung, LG, Canon, Honda, and Toyota, reflected through their continuous expansion of investment in Vietnam.

To make FDI projects in the sector effective, economists are advising Vietnam to be stricter in selecting projects to attract those with good financial potential, less labour intensive, and bringing about high added value./.

On July 4, 2022, Viglacera Corporation – JSC held a meeting to evaluate the results of production and business activities in the first 6 months of 2022. With the positive results achieved, Viglacera is closely following and exceeding the profit target approved by the General Meeting of Shareholders.

Mr. Nguyen Anh Tuan – Deputy General Director of the Corporation reported on the results of the first 6 months of 2022

Reported at the meeting, in the first 6 months of the year, the Corporation still maintained production and business activities, the consolidated profit of the whole Corporation reached 174% of the 6-month plan; parent company’s profit reached 233% of the 6-month plan, reaching 116% of the annual plan.

Concluding speech at the meeting, General Director Nguyen Anh Tuan directed the whole Corporation to plan in detail and stick to the plan for the last 6 months of 2022; focus on boosting business activities, developing domestic market and expanding export market; Actively regulate and control production activities; Develop detailed plans for investment and business abroad and be proactive in all developments of the market in the coming time.

Mr. Nguyen Van Tuan – Chairman of the Board of Directors of the Corporation directed at the meeting

With the results achieved in the first 6 months of the year, the Corporation believes that it will continue to successfully complete the targets of the 2022 Plan approved by the General Meeting of Shareholders and will be a premise to create momentum for the following years development. 

Mr. Nguyen Anh Tuan – General Director of TCT concluded at the meeting

It is forecasted that in the last 6 months of 2022, with the context of escalating war as well as rising raw material prices and transportation costs, the situation in the world and the region will continue to have complicated and unpredictable developments. The corporation will proactively review monthly production and business activities for each group of business fields, detailing each member unit in order to ensure that the whole Corporation completes beyond its 2022 plan target.

For more information about industrial parks developed by Viglacera, please contact: Viglacera Real Estate Company – Phone: (+84) 888 25 22 88 | Website: https://viglaceraip.com

Starting in February 2022, Thuan Thanh 1 Industrial Park has a scale of nearly 250 hectares, with a total investment of nearly VND 3,000 billion. The industrial park has a favorable geographical location, near important traffic hubs such as National Highway 17 and National Highway 38, which makes it convenient to travel from the IP to Hanoi (35 minutes), Noi Bai International Airport (45 minutes), Cat Bi international airport (2 hours), Dinh Vu – Hai Phong seaport (about 1.5 hours) and Cai Lan – Quang Ninh seaport (2 hours).

Thuan Thanh 1 Industrial Park has a prime location, being located close to Ring Road 4 and National Highways 17, 38

The IP is located close to Ring Road 4, which is expected to be basically completed in the period from 2022 to 2027. In addition, recently, Deputy Prime Minister Le Van Thanh proposed that the Ministry of Transport as well as related ministries and localities research the investment proposals to build the Bac Ninh – Pha Lai Expressway Project with a length of 10.3 km, the section from Ring Road 4 to National Highway 18 (total investment of VND 4,000 billion). Once completed, these important roads will link the major industrial chains of Bac Ninh together, especially the industrial chains in the East – South of Bac Ninh province from Thuan Thanh 1 IP as well as connecting to the industrial chains of Bac Giang province, helping increase the ability to link and trade goods between Thuan Thanh 1 IP and neighboring provinces.

Not only located at the “golden” location, Thuan Thanh 1 IP also has modernly and synchronously developed technical and service infrastructure. The IP will be a multi-functional industrial park, focusing on attracting multi-sector investment, mainly supporting industries, electronics, information technology, household goods, machinery and equipment, non-polluting and environmentally-friendly industries, aiming to become a sustainable ecological industrial park.

According to Viglacera, the operating time of the IP is long and Viglacera is ready to hand over land to secondary investors from the third quarter of 2022. Viglacera will build a housing area for experts and workers with a scale of about 30.5 hectares right next to the industrial park to support workers and enterprises to settle down and create motivation for them to become more familiar to the working environment in the industrial park.

For more information, please contact: Viglacera Real Estate Company – Phone: (+84) 888 25 22 88 | Website: https://viglaceraip.com

The 43km-long coastal highway through Thai Binh province, expected to be completed in May 2023, will promote connections from Thai Binh to other provinces in the North Coast Economic Corridor. This is also the “motivation” for Viglacera’s Tien Hai Industrial Park (IP) to become a bright spot to welcome investment in the future.

Located in the planning of the North-South coastal road route, the 550km-long coastal highway project passing through 6 provinces from Quang Ninh to Thanh Hoa is one of the key traffic works, playing a strategic role in promoting the development of the North Coast Economic Corridor. In which, the section through Thai Binh province has a total length of 43 kilometers; the whole route is expected to be opened to traffic in May 2023. With a strategic location, the North bordering potential economic regions such as Quang Ninh and Hai Phong, the South bordering Thanh Hoa and Nam Dinh, Thai Binh will become a bridge connecting the coastal corridor traffic between the provinces and Thai Binh marine economic zone (EZ) with neighboring key economic zones, thanks to this route.

The coastal highway connecting 6 coastal provinces

Tien Hai IP is located in the Thai Binh Marine Economic Zone, adjacent to the coastal highway, which will help it directly benefit from the highway connecting 6 coastal provinces. Accordingly, the distance from the IP to Hai Phong port will be shortened to only 40 minutes by car, only 55 minutes to Cat Bi international airport and 60 minutes to Lach Huyen international port. The travel time to Ha Long will be 90 minutes instead of 2.5 hours as currently, to Van Don airport will be only 150 minutes and to Mong Cai border gate will be 180 minutes. As a result, the movement and circulation of goods from the IP to neighboring provinces and exporting to the international market will be more convenient and faster.

(*) The distance will be shortened to 40 kilometers when traveling through the coastal highway which is expected to be opened to traffic in May 2023.

Tien Hai IP is located next to the coastal road, which makes it easy to move from the IP to Hai Phong port and Cat Bi airport, …

In addition to convenient transportation, Tien Hai Industrial Park also has a great advantage in energy when it is located in the area of ​​​​Tien Hai gas field, to be more specific, CNG gas field with large reserves of hundreds of millions of cubic meters. In 2015, the North Low Pressure Gas Distribution Enterprise, Branch Of Petrovietnam Low Pressure Gas Distribution Joint Stock Company was inaugurated in Tien Hai Industrial Park and has been supplying gas to the entire North. At the same time, the project of the mining gas collection and distribution system in the IP is ready to supply natural gas to the local enterprises and neighboring provinces. When investing here, investors can also enjoy other mineral resources such as mineral water with large reserves that have been exploited and used effectively; the Red River Delta coal basin which has a reserve of 210 billion tons and has been planned to be exploited by the Government. Besides, the coastal area with traditional fishing grounds helps Tien Hai Industrial Park have the advantages of developing the fishery and seafood processing industry.

Image of Tien Hai Industrial Park

Moreover, Tien Hai Industrial Park has a harmonious location in the area of ​​​​administrative offices and densely populated areas of Tien Hai district, which is convenient to connect to administrative agencies, health-education and culture-sport-entertainment centers within a radius of 2km. Thai Binh city, which is 25 km from Tien Hai Industrial Park (20-minute travel) owns a variety of transport infrastructure, utilities, and many prestigious universities. In the future, Viglacera plans to continue to develop an urban area next to the IP, providing accommodation for workers in the IP.

Tien Hai Industrial Park (Thai Binh) has a scale of 446 hectares, being the largest operating industrial park in Thai Binh Province. Up to now, the industrial park has successfully attracted many reputable investors such as Toyoda Gosei – Japan’s leading auto parts manufacturing corporation, supplying to Toyota cars, Jeanson Industrial Ltd (Hong Kong) manufacturing home decor and many other enterprises. Enterprises in the IP can enjoy tax incentives in coastal economic zones such as 10% corporate income tax rate for 15 years, tax exemption for the first 4 years and 50% reduction for the next 9 years, import tax incentives, personal income tax incentives,…

The industrial park has available land, ready to welcome enterprises to survey and be subleased the land.

For more information, please contact: Viglacera Real Estate Company – Phone: (+84) 888 25 22 88 | Website: www.viglaceraip.com