Secretary of the Lao Cai Provincial Party Committee Duong Quoc Huy: Accelerating the Progress of Tran Yen Industrial Park, Creating Conditions for Viglacera to Expand Investment

This morning (August 11), the Standing Committee of the Lao Cai Provincial Party Committee held a working session with Viglacera Corporation – JSC on the implementation of Tran Yen Industrial Park and the introduction of investment opportunities in a number of industrial parks in the province.

Comrade Duong Quoc Huy – Member of the Central Committee of the Communist Party of Vietnam, Secretary of the Provincial Party Committee, chaired the working session.

Attending the working session were Comrade Nguyen Tuan Anh – Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People’s Committee; Comrade An Hoang Linh – Member of the Standing Committee of the Provincial Party Committee, Chief of the Office of the Provincial Party Committee; Comrade Phan Trung Ba – Member of the Provincial Party Committee Executive Committee, Vice Chairman of the Provincial People’s Committee; and leaders of a number of departments, sectors and localities.

On behalf of Viglacera Corporation – JSC were Mr. Tran Manh Huu – Chairman of the Board of Directors, Mr. Tran Ngoc Anh – General Director of Viglacera Corporation – JSC, together with leaders of the Corporation and its member units.

The Investment Project for Construction and Infrastructure Business of Tran Yen Industrial Park (Phase I) was approved for its investment policy by the Prime Minister, who also approved Viglacera Corporation – JSC as the investor under Decision No. 1438/QD-TTg dated November 20, 2024. The project has a scale of more than 254 hectares, with total investment capital of over VND 2,184 billion and an operating term of 50 years.

After nearly one year since the groundbreaking ceremony on August 19, 2025, the project has achieved a number of notable initial results. In the western area, site clearance has reached 99.4%, equivalent to 108.4/109 hectares; Land Use Right Certificates have been granted for 107.9 hectares, with total compensation costs of approximately VND 212 billion.

Alongside site clearance, the progress of infrastructure construction has also been accelerated. Site grading has reached approximately 75%, equivalent to a value of VND 120 billion. The transportation and drainage systems have reached approximately 45%, equivalent to VND 70 billion. The investor expects to complete the entire site and technical infrastructure over an area of 107.9 hectares in the third quarter of 2026.

In addition, the project has initially attracted secondary investors. To date, four enterprises have signed principle agreements to lease approximately 42 hectares of land, of which one enterprise has submitted an application for approval of its investment policy.

At the working session, leaders of Lao Cai province also introduced to Viglacera Corporation – JSC the development orientations for new industrial parks in the province.

According to the planning, the province has 21 industrial parks, of which 14 have been under development and seven are attracting investment. Currently, Viet Hong 1 and Viet Hong 2 Industrial Parks are undergoing subdivision planning, with efforts to complete the planning before October 15, 2026. Yen Can, Dong An, Hung Thinh and Luc Yen Industrial Parks are currently being studied for the preparation of detailed planning.

At the working session, leaders of Viglacera Corporation – JSC proposed that the province support the acceleration of investment, construction, fire prevention and firefighting procedures, and labor recruitment, creating conditions for secondary investors to commence operations soon.

At the same time, the Corporation proposed continuing to complete the infrastructure of the Industrial Park, particularly transportation connectivity with Au Co Street and telecommunications infrastructure. The enterprise also proposed conducting surveys and research into Viet Thanh Industrial Park and expanding cooperation in investing in infrastructure for industrial parks in the province.

Speaking at the working session, Secretary of the Provincial Party Committee Duong Quoc Huy assessed Tran Yen Industrial Park as a key project of significant importance to the province’s industrial development orientation.

To ensure the project schedule, the Secretary of the Provincial Party Committee requested departments, sectors and localities to focus on resolving difficulties and obstacles, accelerating site clearance, completing technical infrastructure and relevant procedures, and ensuring the project’s progress.

At the same time, he requested Viglacera Corporation – JSC to concentrate resources on completing the infrastructure of Tran Yen Industrial Park, closely coordinate with local authorities in site clearance, and support secondary investors in promptly implementing their projects.

The province also hopes that Viglacera will continue to study and expand investment in industrial parks in the province, prioritizing the attraction of high-tech, clean industry and supporting industry projects with high added value, thereby contributing to creating momentum for the province’s industrial development.

Source: Lao Cai Provincial E-newspaper