VID Group: Leading Developer of Industrial Parks in Vietnam

Vietnam Investment Development Group (VID Group) is the developer of 10 industrial zones and complexes in northern provinces and cities, including Pho Noi B Industrial Park (Hung Yen Province), 400 ha Quang Minh Industrial Park (Hanoi), 100 ha Phuc Dien Industrial Park, 360 ha expanded Phuc Dien Industrial Park, 63 ha Nam Sach Industrial Park and 250 ha Tan Truong Industrial Park (Hai Duong), 160 ha Thach That - Quoc Oai Industrial Park (Hanoi), 335 ha Minh Quang Industrial Park (Hung Yen), 263 ha Dong Van (Ha Nam) and 40 ha Hanoi - Dai Tu Industrial Park (Hanoi).

After 10 years of operation, from a small company, VID Group has developed into a group with eight member companies operating in industrial zone investment and development. The group’s revenue and tax payment have increased year after year. The revenue reached VND363.8 billion in 2006, VND396.6 billion in 2007 and VND366.8 billion in the first nine months of 2008. The group expects to pay VND5.5 billion in 2008.

Additionally, VID Group also made miracles in attracting investment capital, especially foreign direct investment (FDI). To date, VID Group-invested industrial zones have attracted more than 300 enterprises, including 126 foreign-invested firms from a variety of countries like Japan, the US, South Korea, China, Denmark and Taiwan. FDI projects have total investment capital of US$1.6 billion.

In Pho Noi Industrial Park B (Hung Yen Province), VID Group leased the land to Chinese motorbike manufacturer Lifan. With stable production operations, Lifan Group pays more than VND100 billion worth of tax a year, which accounts for 10 per cent of the provincial tax collection, and creates jobs for nearly 2,000 local labourers.

In three industrial zones of Nam Sach, Phuc Dien and Tan Truong (Hai Duong Province), the group has attracted titanic domestic and international investors like Crystal Garment and Textile Group, Hai Vina Garment Company (Nam Sach), Hitachi Group and IRISO Corporation (Tan Truong Industrial Park).

Especially, in former Ha Tay Province, Phung Xa - Quoc Oai Industrial Complex has attracted foreign investors after it was transferred to VID Group. It housed 14 investors with a total capital of US$500 million plus. Japan’s electronics group MEIKO invests up to US$300 million to manufacture electronic boards and parts. Taiwan’s electronics firm Young Fast invested US$100 million in the complex. In 2007, Ha Tay was the third largest recipient of foreign capital and made a long jump in the provincial competitiveness index (PCI).

In Ha Nam Province, when VID Group invested in Dong Van Industrial Park II, seven domestic and international investors reserved their places. Remarkably, Japan’s Sumitomo Wiring System Group registered to invest US$80 million.

Ms. Nguyen Thi Nguyet Huong, President of VID Group, said: “When investors enter VID Group-invested industrial zones, they will be supported to carry out investment procedures like free legal consultancy, investment certificate application and related documents (especially for foreign investors).”

- First prize (1984) and second prize (1987) in national Russian language and literature contests

- Gold medal at Russian language international Olympic contest in 1987 in Moscow;

- Exemplary women title from 1995 to 2000, and certificate of merits of Thanh Xuan District Trade Union (Hanoi);

- Outstanding young entrepreneur tile in 1999, 2000 and 2001 from Vietnam Young Business Council;

- Certificate of merits from Hanoi Youth Union and Vietnam Young Business Association in 1999, 2000 and 2001;

- Outstanding Hanoi young entrepreneur title in many years;

- “Hanoi outstanding businessperson cup” in 2002;

- Certificate of merits for social and economic contributions to the locality from the Vinh Phuc Province People’s Committee in 2004

- Outstanding businessperson title for social and economic contributions to the locality from the Hai Duong Province People’s Committee in 2006

- Certificate of merits for outstanding businesswoman from Vietnam Central Women Federation in 2006;

- Certificate of merits for excellent business from the Vietnam Chamber of Commerce and Industry in 2006;

- March 2007: Golden Rose Award and Certificate of merits for national outstanding businesswoman from the Vietnam Chamber of Commerce and Industry and the Vietnam Central Women Federation;

- April 2007: Certificate of merits for outstanding individual and collective from the Ministry of Planning and Investment;

- June 2007: Certificate of merits for caring wounded soldiers and accredited people from 2002 to 2006 from the Tu Liem District People’s Committee (Hanoi);

- September 2007: Outstanding Vietnam enterprise title 2007 for VID Group from the Ministry of Planning and Investment;

- October 2007: “ASEAN Business Award 2007 from ASEAN Capitals Business Forum (ACBF);

- January 2008: Certificate of merits for outstanding business performance and governance in 2007 from the Prime Minister;

- March 2008: Golden Rose Award and Certificate of merits for outstanding businesswoman in 2007 from the Vietnam Chamber of Commerce and Industry (VCCI) and Vietnam Central Women Federation.

 

For her contributions to the collective and for the advancement of the community, Vietnam Investment Development Group (VID Group) has the honour to recommend Ms Nguyen Thi Nguyet Huong, President and General Director of VID Group, Member of Parliament in National Assembly XII, Member of National Assembly Economic Committee, Member of Vietnam Fatherland Front, Member of Hanoi People’s Council in Session XII and Session XIII (2004-2009), Vice Chairwoman of Hanoi Industry and Commerce Association (2006 –2010), Member of Standing Committee of Hanoi SME Association and young entrepreneur title in (1999, 2000 and 2001), to be awarded the “Businesswoman for community advancement” gold cup.”

 

VID Group believes that Ms Nguyen Thi Nguyet Huong deserves this title. This is a stimulus for us and Ms Nguyen Huong to make more contributions to the advancement of the community.