Viglacera Approved as Investor of the Investment, Construction and Infrastructure Business Project of Tay Pho Yen Industrial Park (Phase 1) in Thai Nguyen
On the very first day of the New Year 2026, the People’s Committee of Thai Nguyen Province officially issued Decision No. 01/QD-UBND approving the investment policy for the Investment, Construction and Infrastructure Business Project of Tay Pho Yen Industrial Park – Phase 1 (499.07 ha). The Decision also approves the project investor as Viglacera Thai Nguyen Joint Stock Company.
The project has a land use scale of up to 499.07 hectares, located in Phuc Thuan Ward and Thanh Cong Commune, within Thai Nguyen Province. The total investment capital exceeds VND 5,399 billion, of which the investor’s equity contribution is more than VND 809.9 billion, accounting for 15% of the total investment.
The objective of the project is to develop a multi-sector concentrated industrial park applying advanced and high technologies, ensuring environmental sanitation and sustainability. With an operating term of 50 years and an implementation schedule not exceeding 36 months from the date of land handover, the project is expected to become a bright spot for investment attraction in the locality.
To ensure the project is implemented on schedule and effectively, the Decision clearly defines the responsibilities of the relevant parties:
From the perspective of state management agencies, the Thai Nguyen Industrial Parks Authority is primarily responsible for inspecting and supervising the investor, ensuring that the project complies with national and local planning. The Department of Agriculture and Environment, together with the People’s Committee of Phuc Thuan Ward and Thanh Cong Commune, are responsible for coordinating the review and appraisal of dossiers for land-use purpose conversion and forest-use conversion, as well as implementing compensation, support and resettlement plans in a public and transparent manner, ensuring that state assets are not lost.
For the investor, Viglacera Thai Nguyen Joint Stock Company is responsible for mobilizing sufficient owner’s equity as committed, making the project implementation security deposit, and strictly complying with regulations on environmental protection, land management, and real estate business. In addition to investing in a synchronous and modern technical infrastructure system to create clean land funds for lease, Viglacera must commit to meeting stringent standards on environmental sanitation, sustainability, and safe distances from residential areas. The company must also fulfill its obligation to invest in the construction of workers’ housing and service and utility facilities, in order to ensure the best possible living and working conditions for employees. In particular, Viglacera must commit to allocating a minimum of 5 hectares or 3% of industrial land area to support small and medium-sized enterprises, innovative enterprises, and supporting industries in leasing land or subleasing land.
The approval by the Thai Nguyen Provincial People’s Committee of Viglacera Thai Nguyen as the investor of the Tay Pho Yen Industrial Park project, Phase 1 (499.07 ha), in the early days of the New Year has increased the total number of industrial parks owned by Viglacera Corporation to 18 parks, with a total land fund of more than 5,500 hectares.
Tay Pho Yen Industrial Park is also the second industrial park bearing the Viglacera brand in Thai Nguyen Province (previously Song Cong II Industrial Park – Phase 2). This affirms Viglacera’s capacity in investment implementation, development, business operation and management in the industrial park real estate sector, and at the same time demonstrates Viglacera’s investment attraction approach and its strategy for developing green and smart industrial parks, which aligns with Thai Nguyen Province’s orientation toward sustainable industrial development.
The official approval of the investment policy for the Tay Pho Yen Industrial Park project, Phase 1 (499.07 ha), not only opens up strong growth opportunities for Viglacera but also makes an important contribution to promoting economic restructuring and attracting high-quality FDI capital flows to Thai Nguyen Province in the coming period.
