12 Sep Viglacera’s new industrial parks attract major investors in the third quarter of 2017
In the third quarter of 2017, Viglacera’s new Industrial Parks, notably Phu Ha IP, Dong Van IV IP and Tien Hai IP, have attracted many big Vietnamese, Japanese and Korean investors.
After approximately one year of construction, many factories in the Dong Van IV Industrial Park have been built and put into operation. With a convenient location, just 50km from Hanoi (40 minutes), adjacent to Highway 38 and readily connecting to Ha Noi-Hai Phong highway, the Dong Van IV Industrial Park has been chosen by Masan Group – one of the biggest enterprises in Vietnam’s private sector– as the home of its new plant. Specifically, pursuant to the signed contract, Masan Group will invest in the construction of a food processing plant with a total area of 100,000m2.
With the geographical advantage of being near the coastal highway connecting 6 northern coastal provinces, whose construction is expected to be complete by the end of 2018, together with tax preferences for investors in Thai Binh economic zone, Tien Hai Industrial Park successfully attracted Toyoda Gosei Group – the world’s leading manufacturer of car parts, a supplier to Toyota Motor Corporation. Toyoda Gosei will invest in constructing a plant with an area of 113,000m2, which specializes in producing airbag parts and airbags for safety of car drivers and passengers for the export to Japan, America, EU and some other regions.
In the third quarter of 2017, Phu Ha Industrial Park successfully attracted two Korean electronics companies with the total leased land area of 80,000m2. Bumchun Precision Co. manufactures components for headphone of mobile phone and DST Vina Co. manufactures screen protector material for electronics devices. These two new investors increased the number of electronics manufacturers investing in the Industrial Park to 8, successfully implementing the policy of attracting investment in high technology and electronics industry.
With 18 years of experience in developing Industrial Parks, Viglacera understands the importance of favorable geographical location, fully synchronized infrastructure, and professionally-operated services for attracting investors, especially foreign ones. Accordingly, Viglacera’s new industrial parks such as: Dong Van IV, Phu Ha, Tien Hai are all adjacent to national roads, convenient for traffic, with operational business support teams, complete infrastructure and ready-to-use clean land. In time to come, these Industrial Parks will continue to be an attractive destination for investors.