Son Ha Group Invests US$68 Mln to Develop SHI IP Tam Duong Industrial Park

10:18:25 AM | 5/16/2023

Son Ha Group recently hosted a groundbreaking ceremony of SHI IP Tam Duong Industrial Park in Huong Dao commune, Tam Duong district, Vinh Phuc province. Covering 162.3 ha, the industrial park has a total investment of more than VND1,570 billion (US$68 million).

Groundbreaking ceremony of SHI IP Tam Duong Industrial Park

Designed to be a modern green industrial park and bring full experiences, space and utilities to tenants, SHI IP Tam Duong will have world-class standards to attract both domestic investors and foreign investors, especially when Vietnam is holding many advantages to catch FDI flows. In addition to landscape and environmental factors, SHI IP Tam Duong has a strategic location constituted by its direct access to all northern highways, Noi Bai Airport and national highways like Ha Noi-Lao Cai, Hanoi-Hai Phong-Quang Ninh, Hanoi-Bac Giang-Lang Son and Hanoi-Thai Nguyen. It is connected to Vinh Phuc ICD International Inland Depot.

Son Ha Group pays special attention to building the landscape infrastructure for the project, including trees, lakes, walking areas and parks, interspersed with factories. The industrial park has a water supply plant powered by Japanese BIOFILL technology to treats groundwater, a wastewater treatment plant powered by South Korean GS-SBR technology, and a FreeSolar rooftop solar power system that turns factory roofs into solar power stations to generate energy. The park also has many other synchronous utilities such as banks, offices for rent, showrooms, and commercial and service areas.

The investor has signed a memorandum of agreement with Northern Power Corporation to supply electricity to the park, and support tenants to build a rooftop solar power system to preserve energy and protect the environment. It also inked a strategic cooperation agreement with a Korean partner on wastewater treatment solutions for the park.

To ensure the continuity and efficiency of the business activities of its partners, Son Ha Group provides services related to investment procedure, project legality, customs, mandatory design and construction; offers diversified leasing options and plans, flexible payment methods, and trains and provides human resource services for investors.

The project completed legal procedures and officially started construction. The investor is committed to ensuring the project quality, sustainability and excellence in construction and operation with the desire to welcome partners and investors to SHI IP Tam Duong. The project will create jobs for local workers and boost the economic growth of Vinh Phuc province.

The project is expected to hand over the ground in the fourth quarter of 2023 and start operation in the third quarter of 2024.

Nguyet Tham, Vietnam Business Forum