In a decision dated July 12, Western Pacific Investment JSC was appointed as the investor for the construction and business infrastructure project of Yen Lu Industrial Park (expanded) phase 1. The project is located in Yen Lu commune, Yen Dung district, Bac Giang province, with an area of over 119.8 ha and an investment capital of over VND 1,543 billion, of which the investor’s contributed capital is VND 308.6 billion.
The Deputy Prime Minister assigned the Ministry of Planning and Investment to be responsible for the content of the appraisal of the project’s investment policy and to manage industrial parks in accordance with the law.
The relevant ministries and branches are responsible for appraising the project’s investment policy within the scope of their functions and tasks as prescribed by law.
The People’s Committee of Bac Giang province is responsible for the truthfulness and accuracy of the reported information and data and the contents of the appraisal in accordance with the law; and to absorb the opinions of the Ministries for the contents within their competence.
The People’s Committee of Bac Giang province shall monitor the progress of contributing capital in accordance with the commitment and the land law to implement this project and other projects in which the enterprise participates in contributing capital, to avoid the transfer of capital to Western Pacific JSC and other companies, affecting the investor’s financial capacity to implement the project; require the investor to specify credit capital borrowing by credit contract and escrow or must have a bank guarantee for the escrow obligation to ensure the implementation of the project; inspect and determine that it meets the conditions for the State to allocate land, lease land, and change the purpose of land use at the time the investor is allocated land to implement the project.
The investor shall be responsible before the law for the legality, accuracy, and truthfulness of the project dossier and documents sent to the state management agency; and shall be fully responsible and bear the risks and related costs in case of violating the provisions of the law.
Ms. Pham Thi Bich Hue and the logistics ecosystem
According to our information, Western Pacific Investment JSC was established in April 2021, headquartered in Bac Giang city, Bac Giang province, with its main business line being real estate business. With a charter capital of VND 450 billion, in which Western Pacific JSC is the parent company, holding 51%, Ms. Pham Thi Bich Hue (holding the position of Chairman of the Board of Directors cum General Director and legal representative) contributing 36%, and Mr. Truong Huu Nhan contributing 13%.
It is known that this entrepreneur, born in 1977, is the founder and Chairman of the Board of Directors of Western Pacific JSC, Chairman of the Board of Directors of many enterprises such as Western Pacific International Port Management and Operation JSC, Saigon Supply Chain Management JSC, Western Pacific Infrastructure JSC, Ha Nam Port Construction JSC, Ha Nam International Port JSC, and Hiep Luc Energy Development and Investment JSC; Vice Chairman of the Vietnam Young Entrepreneurs Association.
Ms. Pham Thi Bich Hue
|
Established in 2006, Western Pacific JSC was initially called Pacific Ocean Construction – Trading – Service Co., Ltd. The company was initially known as a provider of basic solutions in the logistics service chain, such as customs clearance, freight sales, and transportation in the Southern region. In 2018, the company changed its name to Western Pacific as it is known today. At the same time, it quickly expanded its network and became a developer of the logistics industrial cluster (LIC) model, including three main pillars: industrial park infrastructure, logistics infrastructure, and logistics operation. Some of the industrial parks that the company has developed logistics centers in include the Yen Len cluster (Bac Giang), Yen Phong II-A Industrial Park and Logistics Center (Bac Ninh), Pacific Japan Logistics Center (Binh Duong), and the logistics center in Melbourne, Australia.
|
Mr. Tran Anh Vuong is known as Shark Vuong in the Vietnamese version of Shark Tank; he is also the Chairman of the Board of Directors of Bac Viet Group JSC (UPCoM: BVG), a medium-sized manufacturer in Vietnam’s steel industry. |
Starting from a charter capital of just a few dozen billion VND, as of now, Western Pacific has a charter capital of VND 615 billion. In addition to Ms. Hue, the company’s Board of Directors also includes Mr. Tran Anh Vuong – Member of the Board of Directors and General Director, and Mr. Trinh Van Tuan – Member of the Board of Directors.
In addition to being the investor of Yen Lu (expanded) phase 1, Western Pacific, Ms. Hue, and Ha Nam International Port JSC are also founding shareholders of Ha Nam Port Construction JSC, established in 2021, with a charter capital of VND 20 billion; with ownership ratios of 51%, 13%, and 36%, respectively. Here, Ms. Hue serves as the Chairman of the Board of Directors cum General Director and legal representative.
Ha Nam International Port has a charter capital of VND 400 billion, with founding shareholders including Ms. Hue holding 49%, Western Pacific holding 36%, Mr. Pham Ba Tuan holding 10%, and Mr. Truong Huu Nhan holding 5%.
Additionally, Western Pacific and Mr. Truong Huu Nhan are also founding shareholders of Pacific Logistics JSC. Established in 2019 in Thu Duc City, Ho Chi Minh City, the company has a charter capital of VND 20 billion, in which Western Pacific holds 55%, Mr. Nhan holds 20%, Mr. Pham Ba Tuan holds 10%, Ms. Vu Do Hong Ngoc holds 10%, and Mr. Nguyen Thanh Tri holds 5%. Currently, Pacific Logistics is chaired by Ms. Hue, who also serves as its General Director and legal representative.
Thu Minh
Adapting to the trend, ITL is ready to take off.
Being attuned to global logistics trends is one of the secrets that helps ITL stay on track and shorten the journey towards our goals.
Saigon Co.op partners with CJ Group for strategic goods transportation
On January 30th, Saigon Co.op and CJ Group signed a strategic cooperation agreement to build a shared ecosystem for service provision, goods transportation, and the implementation of an automated warehouse system.
Weaving the ‘network’ of logistics for the retail industry
With competition from China, the time and cost of international shipping are being reduced. This forces both domestic retailers and logistics companies to adapt in order to optimize their operations.
