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Song Cong II Industrial Park - Phase 2: Nearly VND 4,000 billion project to expand Thai Nguyen industrial development space

On March 10, in Song Cong City, Viglacera Corporation - JSC held the groundbreaking ceremony for the investment, construction and infrastructure business project of Song Cong II Industrial Park (IP) - Phase 2.

Delegates attending the Ceremony

The Ceremony was attended by comrades: Nguyen Van Sinh, Deputy Minister of Construction; Trinh Viet Hung, Alternate Member of the Party Central Executive Committee and Secretary of the Provincial Party Committee; Pham Hoang Son, Permanent Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Council; Nguyen Huy Dung, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee; members of the Provincial Party Standing Committee; leaders of departments, agencies and localities; representatives of Viglacera Corporation - JSC; and domestic and international partners.

The implementation of Phase 2 will open up new opportunities, contribute to job creation, increase budget revenue and promote economic restructuring toward industrialization and modernization.

Song Cong II Industrial Park project - Phase 2 has a land use scale of 296.24 hectares with total investment capital of nearly VND 4,000 billion

Song Cong II Industrial Park Project - Phase 2 covers a land area of 296.24 hectares, with a total investment of nearly VND 4,000 billion. The project is invested by Viglacera Thai Nguyen Joint Stock Company (a subsidiary of Viglacera Corporation - JSC). It is being implemented in Ba Xuyen Commune and Tan Quang Commune (Song Cong City) and is divided into two zones: Zone 1, covering 175.52 hectares and Zone 2, covering 120.72 hectares. According to the plan, the project will be completed within 36 months from the date of land handover.

Leadership of Thai Nguyen province introduced and reported on the progress of the implementation of Thai Nguyen Province Planning to the Central leadership

Drastic implementation, high consensus and clear efficiency

On March 7, 2024, Deputy Prime Minister Le Minh Khai signed Decision No. 225/QD-TTg on approving the investment policy for Song Cong II Industrial Park - Phase 2 project. This is a concrete step in implementing Thai Nguyen Province Planning for the 2021-2030 period, with a vision to 2050. The provincial leaders of Thai Nguyen directed relevant units to coordinate with the Management Board of Thai Nguyen Industrial Parks to urgently complete the necessary procedures for the planning and approval of Song Cong II Industrial Park - Phase 2. By March 19, the Investment Registration Certificate had been granted to Viglacera Thai Nguyen Joint Stock Company. The preparation process was carried out meticulously, ensuring compliance with regulations and demonstrating the provincial leaders' strong determination to promote industrial development and attract investment.

On March 19, 2024, leadership of Thai Nguyen province awarded the Investment Registration Certificate for the investment, construction and infrastructure business project of Song Cong II Industrial Park - Phase 2 to Viglacera Thai Nguyen Joint Stock Company

Local authorities, especially Song Cong City, have actively participated in the site clearance process with a strong sense of responsibility. To date, compensation has been completed for 80 out of 120 hectares in Zone 2, creating favorable conditions for the investor to implement the project as planned.

In addition, Thai Nguyen Province has proactively planned two resettlement areas in Ba Xuyen Commune and Tan Quang Commune to ensure the rights of households whose land is being acquired. Legal procedures, such as the formulation and approval of detailed planning, feasibility study reports and secondary investment promotion, have also been carried out synchronously. Thanks to the decisive leadership, close coordination among departments and agencies and the consensus of the people, the project has had a smooth start, laying a solid foundation for attracting investment in the coming time.

Deputy Minister of Construction Nguyen Van Sinh acknowledged and praised the efforts of all levels, sectors and local authorities in drastically implementing the Project

Speaking at the Ceremony, Deputy Minister of Construction Nguyen Van Sinh acknowledged and commended the efforts of all levels, sectors and local authorities in decisively implementing the project and resolving issues related to investment preparation and site clearance. He also thanked the people of Ba Xuyen and Tan Quang communes for their consensus and support of the province's policies, enabling the timely handover of land for the project to proceed on schedule.

Comrade Nguyen Huy Dung, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee emphasized: Song Cong II Industrial Park - Phase 2 is a key project of the province, making an important contribution to industrial development, attracting investment and creating a driving force for economic growth

In his speech and groundbreaking order, Comrade Nguyen Huy Dung, Deputy Secretary of the Provincial Party Committee and Chairman of the Provincial People's Committee, emphasized that Song Cong II Industrial Park - Phase 2 is a key project for the province, playing a crucial role in industrial development, investment attraction and economic growth. He requested the investor to focus resources, ensure construction quality, progress, labor safety and fully comply with land and environmental regulations. At the same time, Viglacera should research and develop green and eco-industrial park models to align with sustainable development trends.

Mr. Nguyen Tran Tuan Nghia, Chairman of the Board of Directors of Viglacera Thai Nguyen Joint Stock Company committed to implement the Project as planned

On behalf of Viglacera, Mr. Nguyen Tran Tuan Nghia, Chairman of the Board of Directors of Viglacera Thai Nguyen Joint Stock Company, affirmed that the company will mobilize sufficient capital and human resources to implement the project as planned. He also pledged to actively promote investment and attract high-tech and supporting industries. Even before the groundbreaking, Song Cong II Industrial Park - Phase 2 had already garnered significant interest from both domestic and international investors.

Right at the Groundbreaking Ceremony, a representative of Viglacera Thai Nguyen Joint Stock Company signed a land sublease contract with Huali Group Vietnam Company Limited

Outstanding advantages for attracting sustainable investment

Song Cong II Industrial Park - Phase 2 boasts a strategic location in the heart of Song Cong's industrial center, serving as a gateway for trade between Thai Nguyen and key economic regions such as Hanoi, Bac Ninh, Bac Giang, Hai Phong and Quang Ninh. Its synchronized transportation infrastructure, including the Hanoi - Thai Nguyen Expressway, National Highway 3 and the future Ring Road 5, makes it an ideal destination for manufacturing and logistics enterprises.

The project features a strategic location and modern infrastructure, creating ideal conditions for businesses in manufacturing and logistics

In addition, Song Cong II Industrial Park - Phase 2 is equipped with a well-invested system of electricity, water, wastewater treatment and support services. Notably, Thai Nguyen Province has a significant advantage in human resources, with a network of 31 universities, colleges and vocational training centers. By 2030, the area is expected to have approximately 4,500 highly skilled workers in high-tech industries such as electronics, semiconductors and artificial intelligence.

Investors in Song Cong II Industrial Park - Phase 2 will enjoy attractive incentives, including corporate income tax exemption for the first two years, a preferential tax rate of 10% for the next 4 years and various import tax incentives for goods used in high-tech production, research and development.

Delegates performing the groundbreaking ceremony of the Project

Today's groundbreaking ceremony is the result of sound policies, close leadership, decisive implementation and high consensus among the authorities, businesses and the people. With its strategic location, modern infrastructure and attractive investment support policies, Song Cong II Industrial Park - Phase 2 promises to be a key driver of socio-economic development for Thai Nguyen Province in the coming time.

 

Tran Huyen - Thanh Chung
thainguyen.gov.vn