On August 3rd, Taseco Real Estate Investment Corporation, a subsidiary of Taseco Group, held a groundbreaking ceremony for the "Construction and Infrastructure Business of Đồng Văn 3 Support Industrial Park," located east of the Cầu Giẽ - Ninh Bình expressway. The event was attended by Deputy Minister of Construction Nguyễn Tường Văn, Hà Nam's Deputy Secretary Đinh Thị Lụa, Provincial Chairman Trương Quốc Huy, and 500 distinguished guests.
Hà Nam, strategically positioned as a gateway to Hanoi in the Northern Key Economic Region, covers nearly 900 km² and has a population of over 1 million. The province is one of the fastest-growing and most sustainable economies in Vietnam, achieving a growth rate of 10.35% in the first half of 2024—the highest in the Red River Delta and fourth nationwide. Known for its robust investment climate, Hà Nam remains an attractive destination for both domestic and international investors.
The Đồng Văn 3 Industrial Park project spans 223 hectares with an investment of over 2,300 billion VND. The site encompasses the wards of Yên Bắc, Tiên Nội, Hòa Mạc, and the communes of Tiên Ngoại and Yên Nam in Duy Tiên Town. With the investment certificate in hand, Taseco Land has promptly commenced the project, completing essential permits, including construction, environmental impact assessment, and fire safety approvals. Notably, the project has made significant progress in site clearance, securing over 200 out of 223 hectares. The Hà Nam Provincial People's Committee has granted the first-phase land allocation of 128.05 hectares. Following the groundbreaking ceremony, infrastructure development will begin immediately, with plans to hand over nearly 100 hectares to investors for factory construction by Q1 2025. Subsequent phases will be completed and handed over by the end of 2025.
Strategically located near major highways such as National Highway 1A and National Highway 38, Đồng Văn 3 offers excellent connectivity. Future infrastructure developments, including Ring Roads 4 and 5, promise even greater accessibility. The local government has committed to expanding National Highway 38 and constructing a 99-meter-wide road connecting Duy Tiên Town to Đồng Văn Industrial Parks 3, 5, and 6 by the end of 2024. Taseco Land is also investing in a 69-meter-wide road from National Highway 38 through Duy Tiên Urban Area, facilitating convenient access for customers building and investing in the industrial park.
Adjacent to the industrial park is the Duy Tiên Urban Area, spanning 328 hectares. This development includes a dedicated 4-hectare residential area for workers, featuring seven high-rise buildings. The urban area is meticulously planned with comprehensive amenities, fostering a modern community and attracting labor from surrounding regions.
To the south of Đồng Văn 3 lie Đồng Văn 5 and 6 industrial parks, poised to become major industrial hubs and investment magnets in Hà Nam. Taseco Group's Vice Chairman and CEO, Nguyễn Minh Hải, affirmed the company's financial readiness, supported by substantial self-funding and credit agreements with BIDV and Vietinbank. These financial arrangements ensure the project's timely completion as committed.
"The Đồng Văn 3 Industrial Park project marks a significant step in regional economic and infrastructure development. It reflects Taseco Land's commitment to adhering to legal requirements in investment, construction, and land use. Once operational, the project will create thousands of jobs and contribute substantially to the local budget annually. Additionally, we are dedicated to environmental protection by collaborating with experienced international partners to develop a green, modern, and eco-friendly industrial park with top-notch services," said Nguyễn Minh Hải.
During the ceremony, Taseco Land signed agreements with Japanese conglomerate Sojitz and American firm Indochina Capital Land, ensuring rapid occupancy and attracting international investors to Đồng Văn 3. The investor also donated 1 billion VND to the local social welfare fund.
On July 3rd, 2024, FIBIC welcomed a group of business delegation from our key partners: Shenzhen Industry Convergence Promotion Association (SZICPA) and Hong Kong Technology Innovation & Integration Association (HKTII) to visit Vietnam and find out about the investment opportunities in the country. We had arranged the whole trip for the delegation including several meaningful and practical activities such as: site tours to different industrial parks, ready-built facilities, construction sites, meetings & dinner networking.
On June 26, 2024, the 11th floor of the Vietnam Economy Times (VET) Building in Hanoi was abuzz with the energy and enthusiasm of industry leaders, investors, and professionals who came together for the Vietnam Industrial Connect 2024 conference. FIBIC team are pleased to participate the event as one of the sponsor and contribute to the organization of a successful event. It provided a platform for meaningful discussions on socio-economic development, foreign investment trends, and the future prospects of Vietnam's FDI attraction.
In today’s rapidly evolving global market, Vietnam stands as a vibrant hub for industrial development and foreign investment. With its strategic location, robust economic policies, and a welcoming business environment, Vietnam offers unparalleled opportunities for investors from around the world, particularly from China, Hong Kong, and other key regions.