Phong Dien Viglacera Industrial Park, covering 284 ha, was launched in 2015. After five years of development with ongoing cooperation efforts for synchronous and modern infrastructure from Viglacera Corporation – JSC, the industrial park has been a reliable address for investors and become an attractive new destination in the central region.

Phong Dien Viglacera Industrial Park is located in Phong Dien district, Thua Thien Hue province in the heart of the central region, lying on the backbone North- South traffic system, East-West Economic Corridor that links Thailand, Laos and Vietnam along Provincial Road 9 and lying between Hanoi and Ho Chi Minh City, two major economic centers. The province has convenient road, rail and water traffic networks and is home to many universities and colleges that train an abundant workforce. Phong Dien Viglacera Industrial Park is close to National Highway 1A and the North-South Railway, 35km from Hue City, 50km from Phu Bai Airport, 30km from Thuan An Port, 90km from Chan May Port and 120km from Tien Sa Port. These facilities enable tenants to easily import and export goods.

Location of Phong Dien Viglacera Industrial Park.

Costing VND700 billion for construction, Phong DienViglacera Industrial Park is a general high-tech destination, aiming at environment-friendly industries such as electronics, information technology, and agricultural processing, food and beverage, textile and garment, construction materials, mineral extraction and processing, sand mining and processing as it lies near to enormous quartz sand mines. Currently, it has a synchronous and modern system of technical and service infrastructure: The internal traffic system with trunk roads of 2-4 lanes and 22-33m wide, a 110/22KV power source supplied by the national grid, and a water plant with a daily capacity of 11,000 cubic meters. Not only investing in technical infrastructure, Viglacera also shows its corporate social responsibility (CSR) when it planned to develop a residential area for workers next to the industrial park in the future. The project will help solve accommodation needs of workers and indirectly help tenants reduce labor costs and increase their employment appeals.

Synchronous and modern technical infrastructure – service system in Phong Dien Viglacera Industrial Park.

Over the past years, Viglacera has continuously invested in investment promotion and taken part in domestic and foreign investment conferences. As a result, Phong Dien Viglacera Industrial Park in particular and Thua Thien Hue province in general are increasingly known by investors.

In 2019, Viglacera successfully attracted US$200 million project from Kanglongda Co., Ltd, its first manufacturing factory in Vietnam, to increase its capabilities of global product supply. A Kanglongda representative said that the first factory is of great importance in the parent company’s market expansion and development strategy. Therefore, the Board of Directors carefully considered and selected Phong Dien Viglacera Industrial Park because it has advantageous traffic position, easy freight transport by sea, rail, road and air, abundant labor supply, appealing investment incentives and enthusiastic support from local government.

In order to actively welcome investors in the post-COVID-19 period, Viglacera cooperated with Thua Thien Hue authorities to quickly complete infrastructure, land clearance, and prepare clean land. Currently, the industrial park has more than 100 ha of land for factory construction for tenants.

With more than 20 years of experience, Viglacera is one of the first companies to build concentrated industrial parks in Vietnam. Up to now, Viglacera has developed and put into operation 11 industrial parks, including 10 industrial parks in Vietnam and 1 industrial park in Cuba, covering more than 4,000 ha of land and attracting more than 300 investors around the world, including many reputable brands such as Samsung, Orion, Canon, Foxconn, Hyosung, Qisda and Toyoda Gosei. Viglacera’s locations are always trusted by investors and importantly helpful for local socioeconomic development.

For more information, please contact:
Viglacera Real Estate Company
2nd Floor, Viglacera Tower, No. 1 Thang Long Boulevard, Me Tri, Nam Tu Liem, Hanoi, Vietnam.
E-mail: vir@viglaceraland.vn
Website: https://viglaceraip.com
Hotline: +84 888 25 22 88

On October 5, 2020, Viglacera Corporation held a briefing meeting to evaluate business results in September, the third quarter, the first 9 months of the year and implemented the tasks of production and business plans for the last 3 months of 2020. After the first 9 months of the year, Viglacera has recorded that the parent company’s profit target was achieved and exceeded the plan.

Deputy General Director Nguyen Anh Tuan reports on the assessment of business results in September 2020 and deployment of production and business tasks in October 2020.

According to the evaluation report, the business performance in September reached 111% of the monthly plan in terms of the pre-tax profit of the corporation, the third quarter obtained 100% of the quarterly plan, growing up 49% compared to that in the first quarter and 80% compared to the plan of the second quarter. The achievement of the real estate sector in industrial parks shows the right direction of the Corporation.

Based on the achieved results in the third quarter and the first 9 months of 2020, Viglacera sets a target plan for the last 3 months of the year. Associating closely with the production and business plan of 2020, the Corporation has assigned particular tasks to each unit to sign a commitment to fulfill key targets such as profitability, debt reduction and inventory. In 2020, the Corporation will surely complete and exceed the profit target which was assigned by the General Meeting of Shareholders.

The Prime Minister has just signed Decree 111/2020 / ND-CP on Vietnam’s Preferential Export Tariff and Special Preferential Import Tariff to implement the Free Trade Agreement between the Socialist Republic of Vietnam and the European Union (EVFTA) for the period 2020-2022.

Preferential export tax rates specified in Appendix I issued together with Decree 111/2020 / ND-CP include product code, description of goods, and preferential export tax rates according to stages when exporting to territories under the EVFTA Agreement, including: member territories of the European Union; United Kingdom of Great Britain and Northern Ireland for each code.

The Decree specifies conditions for applying the preferential export tax rates under the EVFTA Agreement.

Accordingly, goods exported from Vietnam to be eligible for preferential export tax rates must satisfy the following conditions:

Be allowed to import into the territories under the EVFTA Agreement, including: member territories of the European Union, United Kingdom of Great Britain and Northern Ireland.

Have a transport document (copy) showing the destinations which are the territories specified in (a) above.

Having the import customs declaration of the export consignment of Vietnamese origin to be imported into the above-mentioned territories (copy of English or Vietnamese translation in case the language used on the declaration is not in English).

The Decree details Vietnam’s special preferential import tariff schedule to implement EVFTA in Appendix II of this Decree, including: product code, description of goods, import tax rate special offers in stages for the imported from the member territories of the European Union; United Kingdom of Great Britain and Northern Ireland; The Principality of Ando; The Republic of San Marino the Socialist Republic of Vietnam (the imported goods from non-tariff zones to the domestic market) for each product code.

Imported goods eligible for special preferential import tax rates under the EVFTA Agreement must meet the following conditions:

Belonging to the Special Preferential Import Tariff specified in Appendix II to this Decree.

Be imported into Vietnam from: member territories of the European Union specified in Appendix III to this Decree; United Kingdom of Great Britain and Northern Ireland; The Principality of Ando; Republic of San Marino; and the Socialist Republic of Vietnam (Goods imported from non-tariff zones to the domestic market).

Meet the requirements of origin of goods and have proof of origin in accordance with the provisions of the EVFTA Agreement.

Decree No. 111/2020 / ND-CP takes effect from September 18, 2020.

For customs declarations of exported and imported goods registered from August 1, 2020 to before September 18, 2020, if all requirements are met to enjoy preferential export tax rates, Vietnam’s preferential imports under Decree No. 111 and for which higher tax rates have been paid, shall be handled by the customs office for the overpaid tax.

Source: Financial Times

By September 21, the Government allowed to reopen 7 international routes including: Vietnam – Taiwan, Vietnam – Guangzhou (China); Vietnam – Japan; Vietnam – Korea; Vietnam – Cambodia; Vietnam – Laos, Vietnam – Thailand. Passengers on commercial flights to Vietnam need to have a negative nCoV test, then quarantine and continue a PCR testing.

People are allowed to enter: Diplomats, experts, foreign businesses, international students, Vietnamese

Things to note before boarding:
Test negative in your home country for 3-5 days
Have visa entry, a place of stay
Check your body temperature
Install electronic declaration application
Transiting guests sitting in a private area
Foreigners must purchase international health insurance

Notes after getting off the plane:

Long-term entry:
PCR test 2 times / 6 days – cost 734,000 VND / time
Centralized isolation
If the result is negative for the second time, the person will be self – isolated

Short entry (less than 14 days)
Test for PCR every 2 days

o Quarantine location:
The diplomats will be stayed on quarantine at the Official House.
Foreign experts and enterprises are isolated at the Factory
The Vietnamese will be in army locations (cost 120,000 VND / day)
Alternatively, you can opt for hotel isolation (cost determined by the establishment).

Source: vnexpress