Taseco Land breaks ground on first industrial park in Ha Nam

The Taseco Dong Van 3 industrial park, covering 223 hectares, represents a total investment of over VND 2.3 trillion.

Nguyen Minh Hai, CEO of Taseco Group, Taseco Land's parent company, indicated that after receiving the investment certificate a few months ago, the company promptly completed necessary project procedures, including construction permits, environmental impact assessments, and fire safety approvals.

Land clearance has progressed swiftly, with over 200 hectares already compensated and cleared. The Ha Nam provincial government has allocated an initial 128 hectares. 

Hai noted that following the groundbreaking, the company will commence technical infrastructure work, with Phase 1- approximately 100 hectares - expected to be delivered to investors for factory construction by early 2025. The next phase is anticipated to be handed over by the end of the following year.

Adjacent to the industrial park, the Duy Tien urban area project will span 328 hectares, with Taseco Land developing a fully integrated urban zone covering 115 hectares. Additionally, a 4-hectare residential area for workers, featuring seven high-rise buildings, is planned.

“The urban area will be comprehensively developed with full amenities, creating a modern living community that caters to professionals and attracts labor from surrounding regions to settle and work locally,” Hai said.

South of Taseco Dong Van 3, the Dong Van 5 and 6 industrial parks are in the pipeline. Once operational, these parks are expected to become major industrial hubs, drawing significant investment to Ha Nam in the coming years.

Truong Quoc Huy, Chairman of the Ha Nam Provincial People’s Committee, highlighted that the province’s socio-economic development plan for 2021-2030 focuses on expanding industrial and high-tech zones to position Ha Nam as a key industrial center in the Red River Delta.

Currently, Ha Nam has approved 10 industrial park projects with a combined area of 2,982 hectares. These parks are being developed with infrastructure for electricity, water, wastewater treatment, and housing, particularly for workers and low-income residents.

Huy also mentioned that the province is directing local authorities and relevant agencies to allocate land and budget for schools, healthcare facilities, hospitals, and recreational areas to support workers’ families and local communities.

Hai confirmed that Taseco Land has met its equity capital requirements and secured financing from major banks BIDV and VietinBank to cover land clearance and infrastructure development costs.

“We are fully prepared and proactive in managing capital for investment and construction activities, ensuring the project’s timely completion as promised,” Hai stated.

Taseco Group is also focused on environmental protection, partnering with experienced international firms to develop a green, modern, and eco-friendly industrial park that meets investors' growing expectations.

During the groundbreaking ceremony, Taseco Land signed cooperation agreements with Sojitz and Indochina Capital to advance investment in the Taseco Dong Van 3 industrial park.

This marks Taseco Land’s first industrial park project. The company is also advancing 40 real estate projects nationwide, covering approximately 3,000 hectares. 

Besides the industrial park, Taseco Land plans to launch three other projects this year, including the Nam Thai commercial service complex in Thai Nguyen, the Trung Van residential area in Hanoi, and the Taseco Quang Binh project.

For 2024, Taseco Land targets consolidated revenue of VND 3.04 trillion and consolidated pre-tax profit of VND 614 billion. While the revenue target is slightly reduced from last year, the profit goal remains steady, with the company committed to maintaining a dividend payout ratio of 10-15 per cent, consistent with the previous year.