Deputy Prime Minister Tran Hong Ha has just signed a decision to appoint Viglacera as the investor of Tran Yen Industrial Park (Phase I), Yen Bai Province.

This industrial park is located in Bao Hung and Minh Quan communes, Tran Yen district, Yen Bai province with a scale of 254.59 hectares. The project has a total investment capital of about VND 2,184 billion. The location of this industrial park is not far from the IC 12 intersection of Noi Bai – Lao Cai highway.

According to the decision, the People’s Committee of Yen Bai province is responsible for the content previously approved or resolved regarding the withdrawal of the investment policy decision of Edge Glass Joint Stock Company, ensuring that no complaints occur. The implementation of phase II of Tran Yen Industrial Park (84.41 ha) must be suitable for investment attraction conditions and land use efficiency.

Currently, Yen Bai has three industrial parks that have been included in the national industrial park system, including the Southern Industrial Park (400 ha), Minh Quan Industrial Park (112 ha) and Au Lac Industrial Park (120 ha).

According to this year’s plan, Viglacera will focus on leasing land in industrial parks such as Yen My, Phong Dien, Thuan Thanh, Tien Hai, Yen Phong 2C, Dong Mai, Yen Phong expansion, Dong Van IV.

In addition, Viglacera intends to establish new legal entities and branches to deploy more industrial parks in Phu Tho, Quang Ninh, Thai Nguyen, Hung Yen, Khanh Hoa.

However, in the first 9 months of this year, Viglacera’s consolidated profit only reached over VND 640 billion, down nearly half compared to the same period in 2023. According to this unit’s explanation, the reason was due to the decrease in revenue from the industrial park infrastructure rental segment of the parent company in the third quarter. Along with that, the subsidiaries and affiliated companies of the glass segment faced challenges in product consumption.

Source: VnExpress