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

In the first half of 2022, Viglacera Real Estate Company continuously promoted investment attraction activities and expanded cooperation with countries through online and direct investment promotion programs. Thanks to this, the Company connected with more than 500 domestic and international investors from the United States, Korea, Cuba, etc.

Korean investors were interested in and learned about Phong Dien Viglacera Industrial Park at the “Binh Dinh – Korea 2022” Conference

On May 12 – 13, 2022, the “Binh Dinh – Korea 2022” Conference took place in Binh Dinh province on the occasion of the 30th anniversary of the establishment of diplomatic relations between Vietnam and Korea, with the participation of representatives of Central and Southern provinces, KOTRA, KOCHAM in Central South Vietnam and more than 200 Korean investors. At the event, Viglacera representatives connected and discussed with delegates who came to survey and look for opportunities to expand investment and do business in the Central South region. Especially, Viglacera also displayed and introduced investment opportunities and incentives in Phong Dien Viglacera Industrial Park (IP), Thua Thien – Hue province to Korean enterprises.

Moreover, in May 2022, Viglacera joined the Delegation led by Prime Minister Pham Minh Chinh to attend the US-ASEAN Special Summit in Washington D.C., the USA at the invitation of the President of the United States, Joseph Robinette Biden Jr; simultaneously visited and worked in the United States and the United Nations. During the business trip which included investment promotion activities along with events in Washington DC, New York and San Francisco, Viglacera met and discussed with US enterprises that intended to learn about investment information in Vietnam, called on US enterprises to invest in the industrial parks developed by Viglacera Corporation – JSC.

Viglacera Real Estate Company connected with more than 200 enterprises at the “Connect Thai Binh – Korea” Conference

On July 6, 2022, the People’s Committees Of Thai Binh Province coordinated with the Ministry of Foreign Affairs and the Korean Embassy in Vietnam to organize the “Connect Thai Binh – Korea” Conference. The Conference was an event in the series of activities to celebrate the 30th anniversary of the establishment of diplomatic relations between Vietnam and Korea, with the expectation to open up many new opportunities, new developments, and new relations in investment cooperation between the two countries in general and between Thai Binh province and its Korean partners in particular. Participating in the Conference, Viglacera introduced the investment potential in Tien Hai IP which is located in Thai Binh Economic Zone, as well as 12 IPs of Viglacera in Vietnam to the participants. Viglacera’s representatives also connected with more than 200 investors from KOCHAM and Korean companies that have been wishing to expand investment in Vietnam. Korean enterprises expressed their interest in the Vietnam market and wished to come to Viglacera’s IPs to research and learn about investment in the future.

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

Deputy Prime Minister Pham Binh Minh signed Decree No 38/2022/ND-CP on June 12 after reaching an agreement with the relevant government agencies and labor representatives.

Vietnam is set to increase regional minimum wages by an average of 6 percent from July 1, 2022, Under the decree, the minimum monthly wage will be raised by six percent, which is equivalent to VND260,000 (US$11.23) in Region I; VND240,000 (US$10.37) in Region II; VND210,000 (US$9.07) in Region III; and VND180,000 (US$7.77) in Region IV.

In addition, the Decree also ensures minimum hourly wage rates for the relevant regions. These are:
Region I – VND 22,500 (US$0.97)
Region II – VND 20,000 (US$0.86)
Region III – VND 17,500 (US$0.75)
Region IV – VND 15,600 (US$0.67)

Wages for employees that are paid daily or on a weekly basis, must not be lower than the minimum wage when converted to monthly or hourly rates.

(Source: chinhphu.vn)