Viglacera approved as investor of Phu Ninh Industrial Park Project in Phu Tho

The People’s Committee of Phu Tho Province has issued a Decision approving the investment policy and simultaneously approving Viglacera Phu Tho Joint Stock Company as the investor for the project on investment, construction, and business of infrastructure of Phu Ninh Industrial Park, with a total investment capital of nearly VND 2,560 billion.

According to the Decision, the project covers a total area of 409.23 hectares, of which approximately 400 hectares are allocated for the industrial park, while the remaining area is reserved for the returned traffic infrastructure system. The total investment capital of the project amounts to VND 2,559.921 billion, including VND 386 billion of investor’s equity capital and more than VND 2,173 billion of loan capital and funds mobilized from lawful sources.

Phu Ninh Industrial Park is oriented to develop under a synchronized and modern industrial park model, meeting the requirements to attract secondary investors in the fields of high-tech industry, supporting industries, clean production, and environmentally friendly manufacturing.

The project will be implemented in Dan Chu Commune and Phu Ninh Commune, Phu Tho Province, with an operating term of 50 years from the date of land allocation, land lease, or approval of change in land use purpose. Construction items of the industrial park are scheduled to commence from the second quarter of 2026, with partial operation expected from the fourth quarter of 2026, and full completion of the project by the fourth quarter of 2030.

For Viglacera, being trusted and selected by Phu Tho Province as the investor not only expands its industrial park land bank, but also carries strategic significance in completing the Corporation’s industrial park network in localities with convenient connectivity to the Capital Region and key economic corridors. Phu Tho is located on an important transportation axis connecting Hanoi with the Northwestern provinces, creating favorable conditions for the development of industry, logistics, and supply chains.

The People’s Committee of Phu Tho Province has assigned the Provincial Industrial Parks Management Board to coordinate with departments, sectors, local authorities, and the investor in guiding, inspecting, and urging the completion of procedures related to investment, construction, land, and environment, as well as organizing compensation, support, and resettlement when the State recovers land to implement the project in accordance with legal regulations.

Phu Tho Province also requires the investor to fully comply with current regulations on investment, construction, fire prevention and firefighting systems, and environmental protection; ensure capital contribution in accordance with commitments; provide bank guarantees as stipulated; and invest synchronously in technical infrastructure such as wastewater treatment systems, solid waste treatment systems, internal traffic, and connections to the regional transportation network. Close coordination with local authorities in land clearance and the development of housing for workers is also required from the very initial stage.

The approval by the People’s Committee of Phu Tho Province for Viglacera Phu Tho Joint Stock Company to become the investor of the project on investment, construction, and business of infrastructure of Phu Ninh Industrial Park, with a scale of 409.23 hectares, in the very first days of the new year, has continued to expand Viglacera Corporation’s industrial park system. Accordingly, the total number of industrial parks invested in and developed by Viglacera has increased to 19, with a total industrial park land bank of approximately 6,000 hectares nationwide.

The Phu Ninh Industrial Park project is the next step in Viglacera’s strategy of selective and sustainable industrial park infrastructure development, in line with the Corporation’s long-term orientation in the new development phase. Upon completion, the project is expected to contribute to attracting investment, creating jobs, promoting economic restructuring of Phu Tho Province, and enhancing the value of Viglacera’s industrial park ecosystem nationwide.