Removing difficulties for Projects in Son Loi Industrial Park

On the afternoon of November 26, Mr. Tran Duy Dong – Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People’s Committee (PPC) – chaired a conference to hear and resolve difficulties for projects of Vinh Phuc I Industrial Development Co., Ltd. and Vinh Phuc II Industrial Development Co., Ltd. in Son Loi Industrial Park (IP).

Chairman of the Provincial People’s Committee Tran Duy Dong concludes at the conference.

Vinh Phuc I Industrial Development Co., Ltd. and Vinh Phuc II Industrial Development Co., Ltd. are two subsidiaries directly under Vietnam Investment M Company (British Virgin Islands). Currently, the two companies are implementing two projects for the construction of pre-built factories, warehouses, and cold storage facilities for lease in Son Loi IP. Specifically, the project by Vinh Phuc I Industrial Development Co., Ltd. has a land use scale of 10.7 hectares; investment capital of over 953 trillion VND..

The project by Vinh Phuc II Industrial Development Co., Ltd has a land use scale of 11.8 hectares; investment capital of over 998 trillion VND. Both projects were initially granted Investment Registration Certificates in February 2024, amended for the second time in May 2025; construction permits were issued in February 2025, and they are expected to become operational from the 37th month following the date of the Investment Registration Certificate issuance.

Currently, 21 months after the Investment Registration Certificates were granted, neither project has a site that meets the conditions for construction investment implementation. Specifically, Vinh Phuc I Industrial Development Co., Ltd. has only completed approximately 85% of the site leveling volume; Vinh Phuc II Industrial Development Co., Ltd. has only completed approximately 30% of the site leveling volume. The main reason leading to the slow progress of site leveling for both projects is the lack of supply of embankment soil/filling material. Regarding compensation and site clearance, this work has been completed.

After hearing the reports from the project investors, the infrastructure investor of Son Loi Industrial Park, Binh Nguyen Commune, Bình Tuyen Commune, and the proposed solutions from relevant departments and sectors, Chairman of the PPC Tran Duy Dong concluded and affirmed: Phú Tho Province always adheres to a unified viewpoint and actively implements solutions to improve the investment environment by reforming mindset, perfecting institutions, and improving policies and the quality of the workforce, all oriented towards better service for citizens and businesses.

He highly praised the Investors (Vinh Phuc I and II Industrial Development Co., Ltd.) for choosing Phú Tho Province as their investment destination and committed to accompanying, sharing, and supporting the enterprises. The Chairman of the PPC assigned the Department of Agriculture and Environment to take the lead in coordinating with relevant agencies to guide and support An Thinh Vinh Phuc Construction Investment Co., Ltd. (the Son Loi IP infrastructure investor) in ensuring a sufficient supply of embankment soil/filling material so that Vinh Phuc I and II Industrial Development Co., Ltd. can implement the project for the construction of factories, warehouses, and cold storage according to the plan and investment schedule; and support the investor in finalizing eligible dossiers and accelerating the issuance of land use right certificates for the projects.

The Chairman of the PPC requested the Provincial Industrial Zones Management Board (IZMB) and the Investment Promotion and Business Support Center to regularly monitor difficulties and bottlenecks and urge relevant agencies to implement the Chairman’s directions regarding supporting and resolving the investors' difficulties and bottlenecks. Binh Nguyen and Binh Tuyen Communes are requested to take the lead in coordinating with the investor and relevant agencies to step up communication and mobilization efforts to gain consensus from local residents, creating favorable conditions for the investor during their investment process in the locality; and focusing on accelerating the construction progress of the resettlement area and the compensation and site clearance work for the remaining area of Son Loi IP.

Dinh Vu