Thai Nguyen- On March 10,2025, Viglacera Corporation – JSC, a leading brand in the building material industry and industrial infrastructure development in Vietnam, officially commenced construction of Song Cong II Industrial Park – Phase 2.

This event marks a significant milestone in Viglacera’s strategy to expand its industrial land portfolio The project is expected to generate thousands of jobs opportunities for local residents and establish a major manufacturing hub, contributing to the economic growth of Thai Nguyen and the broader northern region.

Song Cong II Industrial Park – Phase 2.

On March 7, 2024 Deputy Prime Minister Le Minh Khai signed a decision approving the investment policy for the construction and infrastructure business project of the Song Cong II Industrial Park – Phase 2 in Thai Nguyen Province.

The project, spearheaded by Viglacera Thai Nguyen Joint Stock Company, a subsidiary of Viglacera Corporation – JSC, covers 296.24 hectares  With a total estimated investment of 3,985.47 billion VND, including597.82 billion VND in investor – contributed capital

Viglacera chính thức khởi công KCN Sông Công II – Giai đoạn 2
Song Cong II Industrial Park – Phase 2 offers significant strategic advantages.

Song Cong II Industrial Park – Phase 2 holds significant advantages, as the area has been designated as a major industrial hub and an ideal economic transit point connecting regions within and beyond Thai Nguyen Province, linking the delta with the midland.

Song Cong II Industrial Park enjoys a prime location, facilitating seamless trade with the northern economic regions of Hanoi. It also boasts excellent connectivity to key industrial hubs such as  Thai Nguyen City, Tam Dao (Vinh Phuc), Bac Ninh, Ha Giang, Hai Phong, and Quang Ninh.

Investing in Song Cong II Industrial Park comes with a range of attractive incentive policies for investors. Corporate income tax is fully exempted for the first two years, followed by a 10% preferential tax rate for the next four years, and a 20% standard tax rate thereafter.

Additionally, imported goods used in the production of export products are fully exempt from taxes. Tax exemptions are also applied to imported goods for processing and manufacturing export processing products Imports related to environmental protection are also exempt from taxes. Furthermore, raw materials, supplies, and components imported for the direct production of information technology products, digital content, software, and other eligible categories are granted tax exemptions, fostering a competitive investment environment.

Song Cong II Industrial Park is designed by Viglacera with a fully integrated infrastructure, including high-capacity power systems, water supply, transportation networks, waste treatment facilities, and essential services such as postal services, internal security, fire prevention and control, customs, and banking. Additionally, its strategic location ensures seamless connectivity to neighboring provinces, national highways, and expressways, enabling investors to efficiently transport raw materials and finished products.

This not only helps businesses operating in the industrial park reduce operating costs but also enhances production and business efficiency.

With extensive expertise in developing 16 industrial parks domestically and internationally, covering a total area of over 4,500 hectares, and attracting up to $18 billion in investment from more than 400 reputable investors—including major global brands such as SAMSUNG, Amkor Technology, Qisda, Foxconn, THK, and Canon, etc, Song Cong II Industrial Park is poised to become a prime destination for investors, generating significant economic value for the region and the country.

The remarkable presence of a subsidiary under GELEX Group further underscores the company’s long-term vision and strategic growth. This development signals optimism for the economy, especially as Vietnam continues to accelerate industrialization and attract high-quality FDI inflows.