Viglacera kicks off work at new IP in northern Phu Tho province.
The Viglacera Corporation JSC held a breaking ground ceremony for the Phu Ha Industrial Park (Phu Ha IP) Phase 1 on late February, two months after being granted an investment certificate.
The Phu Ha IP - Phase 1 has a total area of 350 hectares and is located in Ha Thach, Ha Loc, and Phu Ho communes and Phu Tho town in northern Phu Tho province, very close to National Highway No. 2, the Ho Chi Minh Road, and the Noi Bai - Lao Cai Highway, just 70 km from Hanoi, 170 km from Hai Phong Port, and 200 km from the Cai Lan Deep-water Port in Quang Ninh province.
The IP is also strategically positioned to meet the production expansion of large investors with factories in Vietnam's north. It takes just one hour from the IP to reach Samsung's Thai Nguyen plant and Bac Ninh plant by car. Phu Tho province also has a young and abundant workforce.
Land rentals are about half those at neighboring IPs. While infrastructure rentals at nearby IPs range from $60-$65 per sq m, it is expected that rentals at Phu Ha IP will be from $35-$45 per sq m. Phu Ha IP is now ready for enterprises, having been fully invested in technical infrastructure such as electricity and water supply.
At the ceremony, Viglacera also signed a memorandum of understanding with the first two enterprises to construct factories at the IP, including one Vietnamese and one Japanese.
Evaluating the potential of the Phu Ha IP, Minister of Construction Trinh Dinh Dung said that it is on the list of those approved by the Prime Minister for development in the 2015-2020 period. "It is a mixed IP with major advantages, in location, land rentals, and workforce, so it will become an attractive destination for many domestic and foreign investors," the Minister said. "There are companies licensing their investment in the IP at the ceremony, which confirms its attractiveness."
With 16 years experience in IP investment and development in Vietnam, Viglacera has developed a number of IPs nationwide on a total area of 2,234 hectares, including Tien Son IP, Yen Phong IP, and Thuan Thanh IP in Bac Ninh province, Hai Yen IP and Dong Mai IP in Quang Ninh province, and Phong Dien IP in Thua Thien Hue province. It has attracted more than 200 investors worldwide, including Orion, Canon, Sumitomo, and Lock & Lock, among others.