Investors Revealed for Phase 2 of the Sông Công II Industrial Park Project worth nearly 4,000 billion VND
Recently, Deputy Prime Minister Lê Minh Khái signed Decision No. 225/QD-TTg approving the investment policy for the construction and operation of the infrastructure of the Sông Công II Industrial Park Phase 2 project, in Thái Nguyên province, Vietnam.
Viglacera Thái Nguyên – the Investor
The investor for this project is Viglacera Thái Nguyên Joint Stock Company. The project will be implemented in Bá Xuyên and Tân Quang communes, Sông Công city, Thái Nguyên province, including Zone 1 and Zone 2.
Zone 1 covers an area of 175.52 hectares, located within the administrative boundary of Tân Quang commune and part of Bá Xuyên commune. Zone 2 covers an area of 120.72 hectares, located within the administrative boundary of Bá Xuyên commune and part of Tân Quang commune.
The project will be completed within 36 months from the date of land handover, with a total investment capital of 3,985.47 billion VND, including a capital contribution of 597.82 billion VND from the investor.
Responsibilities and Approval Process
The Ministry of Planning and Investment is responsible for reviewing and approving the investment policy decision for the project, as well as overseeing state management of the industrial park in accordance with the Investment Law and related regulations.
Other relevant ministries and agencies are responsible for reviewing and approving the investment policy decision for the project within their respective functions and tasks, as specified in Article 69, Clause 3 of the Investment Law and related regulations.
Viglacera Thái Nguyên Joint Stock Company is responsible, under the law, for the legality, accuracy, and truthfulness of the project dossier and the documents submitted to the competent state authorities.
About Viglacera Thái Nguyên
Viglacera Thái Nguyên Joint Stock Company was established on December 6, 2022, with the tax code 4601598818, issued by the Department of Planning and Investment of Thái Nguyên province. The company is represented by Mr. Lê Ngọc Ước as the legal representative and is headquartered at FCC Building, 64 Hoàng Văn Thụ Street, Hoàng Văn Thụ Ward, Sông Công city, Thái Nguyên province, Vietnam. The company’s main activities are investment in construction and operation of industrial park infrastructure.
Viglacera Thái Nguyên Joint Stock Company can only proceed with the project after receiving the authorized approval for land use conversion, as stipulated by the laws on land, land use management, and payment for protection and development of agricultural land, as specified in Article 134 of the Land Law and Article 45 of Government Decree No. 43/2014/ND-CP dated May 15, 2014, detailing and guiding the implementation of certain provisions of the Land Law.
Additionally, the company must have a reforestation plan approved by the competent state authority or fulfill its responsibility to contribute to the reforestation fund, as specified in Clause 4, Article 19 of the Forestry Law.
Future Development and Investment in Thái Nguyên
According to the provincial plan for the period 2021-2023, with a vision to 2050, Thái Nguyên province is planned to have 11 industrial parks. Currently, there are 5 operational industrial parks in the province, 2 industrial parks with approved master planning and zoning plans, attracting and selecting investors, and 4 industrial parks undergoing the process of master planning and zoning.
As of September 2023, there are 25 newly licensed FDI projects with a total registered capital of 170.95 million USD in the industrial parks of Thái Nguyên province. Cumulatively, the province has 283 valid projects in the industrial parks, including 156 FDI projects and 127 DDI projects.
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