Viglacera and the Responsibility of Driving a Strategic Industrial Growth Pole in Lao Cai

In the Master Plan for the Midlands and Northern Mountainous Region for the 2021–2030 period, with a vision to 2050, approved by the Prime Minister under Decision No. 369/QD-TTg (issued on May 4, 2024), Lao Cai was identified as one of six key industrial growth poles of the Region.

On November 20, 2024, Deputy Prime Minister Tran Hong Ha signed Decision No. 1438/QD-TTg on the investment policy of the project Investment in construction and business of infrastructure of Tran Yen Industrial Park – Phase 1, Yen Bai Province (now Lao Cai Province). The project has a total investment capital of about VND 2,184 billion, of which the investor’s contributed capital is VND 327.65 billion. In this Decision, the Government officially assigned Viglacera Corporation – JSC as the investor of Tran Yen Industrial Park Phase 1.

This trust is based on Viglacera being the leading industrial park developer in Vietnam with nearly 27 years of experience. Viglacera has successfully implemented 17 industrial parks domestically and abroad. These industrial parks have attracted more than 400 investors with a total investment of about USD 20 billion with major investors such as Samsung, Orion, Canon, Hyosung, Amkor... creating jobs for over 100,000 workers and generating large export values contributing to national export turnover.

Accordingly, Tran Yen Industrial Park Phase 1, with a scale of 254.59 hectares, is expected to soon become a strategic industrial growth pole of the Region thanks to its favorable geographical location and synchronous infrastructure to be invested by an enterprise with strong potential and extensive experience.

Strategic location highlight and breakthrough transport system

Tran Yen Industrial Park Phase 1 is located in Lao Cai Province, a key industrial center serving as Vietnam’s strategic trade gateway with China, whereby the transport system has received increasing investment.

The industrial park is located near the IC12 interchange of the Noi Bai – Lao Cai Expressway, enabling rapid connection to electronic, semiconductor, and automobile manufacturing hubs in the industrial parks of Phu Tho, Bac Ninh, and Ha Noi.

A particularly significant advantage is the Lao Cai – Ha Noi – Hai Phong high-speed railway project, expected to commence in 2025 and be completed in 2030. This railway runs right next to Tran Yen Industrial Park, creating a breakthrough in interregional and international connectivity.

The high-speed railway, with speeds of up to 160 km/h, helps shorten travel times. Specifically, from Tran Yen Industrial Park to Lao Cai Border Gate is about 1 hour 10 minutes; 50 minutes to Noi Bai Airport; 60 minutes to Ha Noi and 1 hour 50 minutes to Hai Phong Port. Travel time to supply chains in Bac Ninh and Hung Yen is reduced to 1 hour 15 minutes instead of 2 to 2 hours 15 minutes by road.

This railway also connects directly to China’s railway network at Lao Cai Border Gate, promoting cross-border trade and opening an intercontinental transport route from East Asia, through Central Asia to Europe, unlocking huge potential for international trade and transcontinental logistics.

Modern technical infrastructure and synchronized services

Tran Yen Industrial Park – Phase 1 will continue to be one of Viglacera’s standard industrial parks in terms of modern technical infrastructure investment and synchronized services, fully meeting investors’ needs:

Power supply: Electricity is supplied from the national grid through a 110/22 kV transformer station with a capacity of 2x63 MVA.

Water supply: Water supply station with a capacity of 15,000 m³ per day-night.

Wastewater treatment: Wastewater treatment plant with a capacity of 8,300 m³ per day-night. Separate stormwater and wastewater drainage systems.

Fire protection system is arranged along the roads. The distance between hydrants is 120–150m.

Internal traffic: Internal roads are built in a grid pattern, with a minimum roadway width of 10.5m and sidewalks from 8–10m.

In addition, the industrial park has good geological conditions (hilly soil), helping to save construction costs.

Attractive investor incentive policies: Closely following current preferential policies as well as the Province’s investment policies, the Project Investor – Viglacera Corporation – has provided investors with a series of attractive incentives for investors and high-quality labor resources, including:

Corporate income tax: 0% in the first 2 years, 8.5% in the next 4 years, 17% in the first 10 years, and 20% thereafter.

Import tax: Exemption for many types of goods such as machinery and equipment for creating fixed assets; goods produced for export, processing; and raw materials, supplies, and components for producing high-tech products.

On human resources: In addition to Lao Cai having abundant natural resources, it is also home to a plentiful labor force, with 924,327 people from Lao Cai Province and 3.8 million from neighboring provinces. The minimum wage in this area is Zone III, at VND 3,860,000/person/month (equivalent to USD 148).

Strengths of industrial parks under the Viglacera brand

In addition to the above advantages, Tran Yen Industrial Park Phase 1 will also benefit from the common strengths that any industrial park under the Viglacera brand follows, such as: always having clean land available for immediate factory construction; housing for experts and workers located right next to the industrial park. Regarding technical infrastructure, it will benefit from the research results that Viglacera has seriously invested in developing industrial parks under green and smart criteria.

It is known that Viglacera Corporation hopes that in the near future the province will continue to have mechanisms to support the development of satellite urban areas to provide housing for workers in the industrial park.

Viglacera also provides a “one-stop” service to support businesses throughout the investment process, from business registration to factory construction.

With the combination of strategic location, modern infrastructure, preferential policies, and abundant human resources, Tran Yen Industrial Park Phase 1 of Viglacera will be an ideal destination for domestic and foreign investors, contributing to sustainable economic development for the region and the whole country. When operational, Tran Yen Industrial Park Phase 1 is expected to create 15,000 jobs and contribute VND 1,500 billion to the budget annually.

For more information, please contact:

Viglacera Real Estate Business Company
2nd Floor, Viglacera Building, No. 1 Thang Long Avenue, Dai Mo Ward, Ha Noi
Phone: (+84) 888 25 22 88 | Website: https://viglaceraip.com