Thua Thien - Hue Province awarded Investment Registration Certificate for a 200-million USD project in Phong Dien Industrial Park (Viglacera)

On 26 September 2019, the People's Committee of Thua Thien - Hue Province awarded an investment registration certificate to Kanglongda Co., Ltd to prepare to build the first manufacturing factory.

It is known that Kanglongda Company has planned to expand into Vietnam market to increase its capability to supply products globally since 2018. After the survey, Kanglongda decided to invest 200 million USD to build and operating a 35-hectare factory in Phong Dien Industrial Park (Viglacera). The factory will produce products including: disposable gloves (electrical safety gloves, medical gloves), polyethylene fibers; is expected to come into operation in the first quarter of 2021.

Ceremony of issuing the Investment Registration Certificate to Kanglongda Factory - Hue

Mr Phan Ngoc Tho - Chairman of People's Committee of Thua Thien - Hue Province awarded the Investment Registration Certificate to Mr Zhang Jian Fang - Chairman of Board of Management of Kanglongda Co., Ltd.

A representative of Kanglongda Company said that its first factory in Vietnam played an important role in its parent company's development and market expansion strategy. Therefore, the Board of Management considered carefully before selecting Phong Dien Industrial Park (Viglacera). Kanglongda assessed that Phong Dien Industrial Park (Viglacera) possessed an advantage in traffic position which distanced from Hue city 30km to the south, neighboured National Highway 1A and North-South railway, was only 45km away from Phu Bai international airport and about 80km  away from Chan May seaport, facilitated goods transporation via sea, rail, road and air ways. At the same time, abundant local labor force would meet recruitment needs of the company. In addition, appropriate preferential policies, local authorities’ supports and developed provincial infrastructure were also crucial factors in Kanglongda's decision.

Regarding the investment environment of the province, the Board of Management of Thua Thien - Hue Industrial Zones stated: With the promotion of construction investment activities and preferential policies, generating a clean land fund to attract businesses. They believed that investors were completely assured when investing in the province, because apart from the preferential mechanisms of the Government, Thua Thien Hue province committed to creating the best conditions for investors to do businesses in Hue. Accordingly, investment projects in the IP required low land-leasing prices, reasonable service prices, projects in the province would be applied the low land pricing-frame as regulated. The province also supports partial costs of site clearance for key projects and training human resources for investment enterprises in the area. Moreover, the province would improve investment promotion, provide free information and simplify administrative procedures to maximize convenience for companies.

Successfully attracting investment from the first company in Phong Dien Industrial Park, Viglacera has proved increasing attractiveness of the province and the IP, as well as affirmed its solid reputation.

An image of Kanglongda Co., Ltd. in China

Developed by Viglacera Corporation - JSC, Phong Dien Industrial Park (Viglacera) consists of 284 hectares, has a synchronous and modern technical infrastructure - service system: 110/22KV power source is provided from national electricity supply, water plant runs with capacity of 11,000m3 / day and night. With the advantage of preferential corporate income tax (tax rate of 17% applied for 10 years) and the location adjacent to the quarry of good quality quartz sand available in large quantity, Phong Dien Industrial Park (Viglacera) promisingly attracts more investors in the future. Currently, the Industrial Park has clean land, and is ready to serve any business needs.