VinaCapital invests 65 million USD in Ba Thien 2 Industrial Park

1 Jun
VNREVinaCapital Group and Vietnam Infrastructure Limited (VNI), the first publicly traded fund to focus on infrastructure assets in Vietnam, on May 31 kick off the Ba Thien 2 Industrial Park project with the total investment of 65 million USD.

Located in Binh Xuyen district, Vinh Phuc province (50km from Hanoi), the 308 – hectare Ba Thien 2 project is owned by Vina-CPK Company Ltd, a joint venture between VNI and CPK Vinh Phuc JSC.

VNI holds a majority stake in Vina-CPK Company Ltd, which was granted an investment license in February 2009 for the Ba Thien 2 project. The Phase 1 comprises 65 hectare was handed over to Vina-CPK in January this year. Compensation of an additional 50 hectare is in progress and is expected to complete in June 2011.

According to Mr Hoang Thieu Son, Vina-CPK General Director, the Ba Thien 2 project will stand as a green, clean and environmentally friendly model for the development of industrial park in the North of country. The project is strategically located and will benefit from the continued arrival of multinational companies in Vietnam, including those migrating from plants in China to take advantage of Vietnam’s lower costs.

“This project is expected to complete within 3 years. Investors hope to create around 30,000 jobs for local and neighboring provinces people, who will enjoy the a 12- hectare housing area inside the park”, Mr Thieu Son added.

The Ba Thien 2 Industrial Park welcomes both domestic and international investors who specialized in the light industrial, high technology and electronic equipment installation/manufacturing.

On the same day, Vina-CPK has signed the first leasing contract with Viglacera Thang Long company for a 20 – hectare parcel.

Source: CPV & ATP

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