VPID Aims to Become Leading IZ Infrastructure Developer

1:57:19 PM | 10/20/2023

Vinh Phuc Infrastructure Development Joint Stock Company (VPID) is a leading industrial real estate developer in Vietnam with over 20 years of experience. VPID provides comprehensive solutions for secondary investors, from factory construction to project management and operation. This approach has helped tenants achieve the best performance and positively contributed to local economic development.

Mr. Nguyen Anh De, Deputy General Director of Vinh Phuc Infrastructure Development Joint Stock Company 

VPIDhas invested in two industrial zones in Vinh Phuc province: Khai Quang and Song Lo II. The company’s industrial zones have distinctive identities with synchronous high-quality service infrastructure and a green, clean and beautiful environment, meeting strict requirements of investors from many countries around the world.

Mr. Nguyen Anh De, Deputy General Director of VPID, shared that the company was founded on June 16, 2003 in Khai Quang Industrial Park, where it specializes in industrial zone infrastructure development and management. Over the past 20 years, VPID has enjoyed the continuous guidance and support from Vinh Phuc province and the Vinh Phuc Industrial Zones Management Board. In 2003, the company launched its flagship project, the 221.46-hectare Khai Quang Industrial Park, which has attracted more than 70 foreign investors and achieved a 94.5% occupancy rate. The park contributes VND2,500 billion annually to the provincial budget and provides employment for about 40,000 workers.

 In 2021, the company started construction on the 165.65-ha Song Lo II Industrial Park with a total investment fund of VND1,520 billion, located in Dong Thinh and Yen Thach communes, Song Lo District, Vinh Phuc Province. The project aims to attract investors engaged in mechanical engineering, manufacturing and processing, electronics, supporting industries and environmentally friendly industries. The industrial zone is expected to create jobs for about 13,500 workers and increase local budget revenue. Currently, the company is carrying out infrastructure investment and expects to attract secondary investors in the first quarter of 2024.

Mr. De emphasized that the company adhered to the highest standards of regulatory compliance in all its operations. He said that VPID always met its tax obligations to the State and followed the rules on investment, construction, environment, fire prevention and labor. He also reported that VPID contributed an average of VND24.7 billion annually to the State budget in 2020-2022, provided stable employment for its staff and offered competitive and attractive benefits. Moreover, VPID actively engaged in local social security initiatives. He stated that VPID’s vision was to become a leading industrial zone infrastructure developer in Vietnam, to foster the socio-economic development of Vinh Phuc province and the country, and to advance the industrialization and modernization of Vietnam.

 He acknowledged the role of Vinh Phuc province and its agencies, especially the Vinh Phuc Industrial Zones Management Board, in supporting and facilitating VPID’s success. He expressed his gratitude and hope for more collaboration with the Provincial Party Committee, the Provincial People’s Committee, relevant departments and localities to make VPID’s industrial zones in Vinh Phuc a key driver of economic growth in the north.

By Manh Dung, Vietnam Business Forum