On August 18, the international conference “Investment Trends in Vietnam in the new normal state” took place at Oakwood Premier COEX Hotel, downtown Seoul, South Korea.

The seminar was organized by Viglacera Real Estate Company in collaboration with the Vietnamese Embassy in Korea, the Foreign Investment Agency (Ministry of Planning and Investment of Vietnam), Industrial Bank of Korea (IBK), Bae, Kim & Lee LLC Law Firm with the participation of more than 150 Korean potential enterprises and investors intending to invest in many different fields in Vietnam.

Vietnamese Ambassador Extraordinary and Plenipotentiary to Korea, Nguyen Vu Tung; Mr. Kim Kyeong Yul, Deputy General Director of Industrial Bank of Korea (IBK) and two enterprise representatives who have invested in Viglacera’s industrial parks (IPs) which are Amkor Technology Group and Anam Electronics attended the event.

More than 150 businesses attended the investment promotion seminar organized by Viglacera Real Estate Company

This was one of the first investment promotion seminars held in Korea after a long time of being affected by the pandemic, helping local investors approach and catch up with the investment trends in Vietnam in the post-COVID-19 period. Therefore, the event was interested by many Korean businesses and quickly received hundreds of registrations to attend right from the time of announcement.

Speaking at the opening ceremony, Vietnamese Ambassador to Korea, Nguyen Vu Tung, said: “Korea is the largest FDI partner in Vietnam both in terms of total registered capital and total number of investment projects with nearly 10,000 projects and 80 billion USD of registered capital. The Vietnam – Korea bilateral trade turnover in 2021 reached 78.1 billion USD; it may approach 90 billion USD in 2022.” The Ambassador highly appreciated the importance of this conference which opened a new cooperation space under the B2G linkage model in promoting investment activities in Vietnam in the coming time.

Ambassador Extraordinary and Plenipotentiary of Vietnam in Korea, Nguyen Vu Tung, spoke at the event

Next, representatives of businesses attending the seminar listened to the presentation “Investment trends in Vietnam in the new normal context” from Mr. Pham Viet Tuan, First Secretary in charge of investment promotion, Vietnamese Embassy in Korea; “Vietnam’s New Investment Policy” from Bae, Kim & Lee LLC Law Firm and “Vietnam Economy and Foreign Exchange Market” from the Deputy General Director of Industrial Bank of Korea (IBK).

In particular, in the event, investors were able to meet directly and receive the answers to their questions from the representatives of Viglacera. Thanks to the useful information, many businesses quickly booked appointments to visit and survey Viglacera’s industrial parks right in the third and fourth quarters of this year.

Deputy Director of Viglacera Real Estate Company, Nguyen Thi Thu Huong, introduced IPs developed by Viglacera Corporation

CEO of Anam Electronics Group shared the reasons for choosing Viglacera’s IP to invest in and build a factory

Viglacera Corporation – JSC has invested and operated 11 industrial parks in Vietnam and 1 economic zone in Cuba, attracting 15 billion USD in FDI capital from more than 300 domestic and foreign enterprises, including many large enterprises such as Samsung, Amkor, Hyosung, Anam Electronics, Kortek, Orion, Ottogi,…

Viglacera’s IPs are located in 6 provinces in the North and Central of Vietnam, providing diverse options for investors to meet the needs of each enterprise. Currently, all industrial parks have available land and complete, synchronous and modern infrastructure, ready to welcome enterprises to be subleased and build factories.

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

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