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Viglacera breaks ground at Dong Van IV IP

Released at: 09:12, 14/11/2016

Viglacera breaks ground at Dong Van IV IP

Photo: Viglacera

Ha Nam province IP boasts easy links to Hanoi and Hai Phong Port and a large local workforce.

by Thu Hoang

The Viglacera Corporation held a breaking ground ceremony for its Dong Van IV Industrial Park (Dong Van IV IP) in northern Ha Nam province on November 11, three months after obtaining an investment license.

The IP covers 600 ha in Kim Bang district and will be built in two phases, the first of which will be on 300 ha. Completion is expected sometime next year.

Dong Van IV is strategically positioned on National Highway No. 38 and has easy links with National Highway No. 1 and the Hanoi - Hai Phong Highway to Hai Phong Port, according to Mr. Tran Xuan Hung, Director of the Viglacera Infrastructure Development Investment Company under the Viglacera Corporation. It takes just 40 minutes from the IP to Hanoi and one hour and 40 minutes to Hai Phong Port. 

“Its strategic location is very convenient for enterprises importing and exporting goods by air and sea and for attracting high-quality human resources from the capital,” Mr. Hung said.

The province has an abundant workforce of nearly 500,000 people with more than 4 million available from neighboring areas. “Viglacera will also build a housing area for experts, staff and workers,” Mr. Hung added.

At the ceremony, Viglacera also granted licenses and land ownership certificates to three South Korean investors, who will be the first to build factories at the IP. Investing in Dong Van IV IP has various advantages compared to other IPs in the country, according to Mr. Park Ji Hong, Chairman of the James Tech Co., Ltd, one of the three and specializing in manufacturing electronic components for LG.

These advantages include its prime location, broad support from Ha Nam authorities, an abundant workforce, and the experience of the developer, Viglacera, in building IPs. “These factors are very important for foreign investors like us,” Mr. Hong said. “This is why we decided to choose Dong Van IV for our project after researching many other IPs.”

With 18 years of experience in IP investment and development in Vietnam, Viglacera has developed ten IPs nationwide on a total area of 3,580 ha, including the Tien Son IP, the Yen Phong IP, and the Thuan Thanh IP in northern Bac Ninh province, the Hai Yen IP and the Dong Mai IP in northern Quang Ninh province, and the Phong Dien IP in central Thua Thien Hue province. It has attracted more than 200 investors worldwide, including Samsung, Orion, Canon, and Sumitomo.

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