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With this VND1.73 trillion ($82.38 million) project Viglacera has become the first enterprise to build an industrial park in the province, after receiving the investment certificate for this project two months ago.
The corporation has also inked a memorandum of understanding with a local and a Japanese company making garment products. These companies will build their factories at the park and will employ nearly 3,300 local workers.
The park, being one of the province’s prioritised industrial park construction projects listed by the government, is aimed to foster the development of high-tech sectors like electronics, construction material production, food processing, beverage, mechanics and pharmaceuticals.
The park is located only 300 metres from the Ho Chi Minh and Noi Bai-Lao Cai roads, and two kilometres far from National Road 2. It lies 70km from Hanoi, 170km from Haiphong city, and 200km from Quang Ninh province’s Cai Lan deep-water port.
As an increased competitive advantage, Phu Ha offers low land rental prices at $35-40 per square metre, whereas other industrial parks in neighbouring areas ask for $60-65 per square metre.