On the very first day of 2026, the Thai Nguyen Provincial People’s Committee officially issued Decision No. 01/QD-UBND, approving the investment policy for the Western Pho Yen Industrial Park (IP) Infrastructure Development and Business Project – Phase 1, with a total area of 499.07 hectares. The decision also formally approves Viglacera Thai Nguyen JSC as the project’s investor.

The project covers 499.07 hectares in Phuc Thuan Ward and Thanh Cong Commune, Thai Nguyen Province. Total investment capital exceeds VND 5,399 billion, of which the investor’s equity contribution is more than VND 809.9 billion, accounting for 15% of total investment capital. The project aims to develop a multi-sector industrial park applying advanced and high technologies, while ensuring environmental protection and long-term sustainability. With an operating term of 50 years and an implementation timeline of no more than 36 months from the date of land handover, the project is expected to become a new investment highlight for the locality.

To ensure the project is implemented on schedule and operates effectively, the Decision clearly defines the responsibilities of all relevant stakeholders.

From the state management side, the Thai Nguyen Industrial Zones Authority will take primary responsibility for inspection and supervision, ensuring the project complies with national and local master plans. The Department of Agriculture and Environment, together with the People’s Committees of Phuc Thuan Ward and Thanh Cong Commune, will coordinate in reviewing and appraising dossiers related to land-use conversion and forest-use purposes. These authorities will also oversee compensation, support, and resettlement plans in a transparent and public manner, ensuring there is no loss of state assets.

For the investor, Viglacera Thai Nguyen JSC is required to mobilize sufficient equity capital as committed, fulfill escrow obligations to secure project implementation, and strictly comply with regulations on environmental protection, land management, and real estate business. In addition to investing in a modern and integrated technical infrastructure system to create clean land for lease, Viglacera must ensure stringent standards for environmental protection, sustainability, and safe distances from residential areas. The company is also required to invest in worker housing and supporting service facilities, ensuring favorable living and working conditions for employees. Notably, Viglacera must commit to allocating at least 5 hectares or 3% of the industrial land area to support small and medium-sized enterprises, innovative startups, and supporting industries through land leasing or subleasing

The approval by the Thai Nguyen Provincial People’s Committee for Viglacera Thai Nguyen to become the investor of the Western Pho Yen Industrial Park Phase 1 (499.07 ha) project in the early days of the new year has increased the total number of industrial parks developed by Viglacera Corporation to 18, with a combined land bank of over 5,500 hectares nationwide.

Western Pho Yen Industrial Park is also the second industrial park under the Viglacera brand in Thai Nguyen Province, following Song Cong II Industrial Park – Phase 2. This milestone further affirms Viglacera’s strong capabilities in investment, development, business, and operation of industrial real estate, while also highlighting the effectiveness of its investment attraction approach and its green and smart industrial park development strategy, which aligns closely with Thai Nguyen’s orientation toward sustainable industrial development.

The official approval of the investment policy for Western Pho Yen Industrial Park Phase 1 (499.07 ha) not only opens up significant growth opportunities for Viglacera, but also makes an important contribution to economic restructuring and the attraction of high-quality FDI inflows into Thai Nguyen Province in the coming period.

PR DEPARTMENT