Ground broken for new industrial park, workers’ housing projects in Bac Ninh
State-owned Viglacera Corporation on February 8 broke ground on a 250-ha industrial park and a 2,000-unit housing project for factory workers and experts in the northern province of Bac Ninh.
Viglacera Corporation breaks ground on a 250-ha industrial park and a 2,000-unit housing project for factory workers in the northern province of Bac Ninh. (Photo: VNA)
Hanoi (VNA) – State-owned Viglacera Corporationon February 8 broke ground on a 250-ha industrial park and a 2,000-unit housingproject for factory workers and experts in the northern province of Bac Ninh.
The event marked a step forward for Vietnam’s largest constructionmaterials producer.
To be operational in the second quarter of thisyear, Thuan Thanh Industrial Park I has a total investment of nearly 3 trillionVND (over 132 million USD). Located near National Roads17 and 38 and Ring Road 4, it easy for the park to reach all the international airportsin the region – Noi Bai (Hanoi), Cat Bi (Hai Phong) and Van Don (Quang Ninh) –as well as major sea ports of Dinh Vu (Hai Phong) and Cai Lan (Quang Ninh).
It aims to become a multi-functional industrial park which can attract projects in supporting industries, electronics, informationtechnology, household appliances, machinery, and environmentally-friendly ones.
The affordable housing project will offer accommodation for around10,000 factory workers and experts from Yen Phong Industrial Park in Bac Ninh.Each apartment unit will have one to three bedrooms and cost just about 8.5 millionVND per sqm. The project also includes a medical centre, a cultural house, akindergarten, an outdoor sporting venue, and a supermarket.
Speaking at the ground-breaking ceremony, Minister ofConstruction Nguyen Thanh Nghi highly spoke of the two projects, saying theParty and Government have exerted considerable efforts in developing social housingprojects, particularly those for industrial park workers.
By the end of 2021, Vietnam has completed 266 social housingprojects in urban areas, including 121 affordable housing projects for factoryworkers, offering around 54,000 apartment units, he said, adding a total of 278 othersare underway, 100 of which are for workers, providing some 134 units.
The minister expressed his hope that authorities of Bac Ninh,Viglacera and other developers will pay more attention to developing affordableapartments for workers. He pledged that his ministry will help the firmsresolve challenges when constructing these projects./.
Prime Minister Nguyen Xuan Phuc has approved investment intention in a project on infrastructure development at the Thuan Thuan I Industrial Park in northern Bac Ninh province.
Vietnam’s leading ceramic and tile producer Viglacera has set a target of posting 750 billion VND in pre-tax profit at its parent company this year and 1 trillion VND (43.27 million USD) in consolidated pre-tax profit, increases of 2 percent and 19 percent, respectively, against 2020.
The Viglacera Real Estate Company and Amkor Technology, Inc., one of the world's largest providers of outsourced semiconductor packaging, design, and test services, have recently signed a contract in principle to lease land to build a project for manufacturing, assembling and testing semiconductor materials at Yen Phong II-C Industrial Park in the northern province of Bac Ninh.
Viglacera Corporation JSC, the largest real estate and building materials group in Vietnam, has developed 11 industrial parks in Vietnam and one economic zone in Cuba, attracting nearly 15 billion USD worth of foreign direct investment from more than 300 enterprises.
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Viglacera Corporation breaks ground on a 250-ha industrial park and a 2,000-unit housing project for factory workers in the northern province of Bac Ninh. (Photo: VNA)
