The project, covering an area of 54.59 hectares in Bao Hung and Minh Quan communes, Tran Yen district, is invested by Viglacera Corporation – JSC (HOSE: VGC) with a total investment of over VND 2,184 billion.
The Deputy Prime Minister requested that the Ministry of Planning and Investment be responsible for the contents assigned to appraise the project’s investment proposal and perform the state management of industrial parks in accordance with the Law on Investment and relevant legal documents.
The relevant ministries and sectors are responsible for appraising the project’s investment proposal within the scope of their functions and tasks according to the Law on Investment and related laws.
The People’s Committee of Yen Bai province is responsible for the contents that have been approved, appraised, approved, or resolved relating to the revocation of the investment proposal decision of Edge Glass JSC, ensuring no complaints or denunciations. The implementation of the second phase of the Tran Yen Industrial Park (84.41 hectares) must comply with investment attraction conditions and land use efficiency. Any adjustments to this area and changes in land use purposes (if any) must adhere to the laws on planning, industrial parks, land, and relevant legal regulations.
According to the approved planning until 2030, Yen Bai will maintain the area of three existing industrial parks: Nam Yen Bai (400 hectares), Au Lau (120 hectares), and Tran Yen (339 hectares). It will expand the area of Minh Quan Industrial Park by 88 hectares (to nearly 196 hectares) and develop four new industrial parks, namely Y Can (350 hectares), Dong An (350 hectares), Thinh Hung (104 hectares), and Luc Yen (221 hectares).
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Earlier, on November 5, the People’s Committee of Khanh Hoa province announced the expected construction of infrastructure for Doc Da Trang Industrial Park in Van Hung, Van Ninh district, and Ninh Tho, Ninh Hoa town, by April 2025.
The project investor is Viglacera Yen My Industrial Park Development Joint Stock Company, a subsidiary of Viglacera, holding 60% of the capital. The project covers an area of 288 hectares with a total investment of over VND 1,807 billion, including a capital contribution of over VND 271 billion from the investor.
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