Established in 2011 when the Vietnamese real estate was frozen, with its peculiar strength and advantages in the railroad sector, plus flexible business direction and business strategy, particularly the inclusion of railway ticket, air ticket service or steel dealership, Railway Land Joint Stock Company managed to withstand hardships and gather up resources for its core real estate business. Currently, the company started to mark its Railway Land brand name on its projects like a property project at 31 Lang Ha, Vinh Railway Station expansion project, Nguyen Truong To New Urban Zone project, and specially Hung Dong Industrial Park – a project aimed to specify the Nghe An socioeconomic development master plan and an economic engine of the region.
Clean industrial complex with attractive incentive policies
Nghe An province has great potential to develop a multiform industry characterised by field structure, product range, scope, business form as well as development territory. The implementation of the Law on Enterprise and the issue and application of investment incentive policies of the State and the province have created favourable conditions for small and medium-sized enterprises to thrive, especially in Vinh City, Cua Lo Town, Quy Hop, Quynh Luu, Dien Chau, Do Luong and Nghi Loc districts. SMEs are now in need of locations for business investment development.
Realising potentials and advantages of Nghe An province, Railway Land Joint Stock Company decided to invest VND315 billion to build a 39.51-ha high-quality clean industrial complex in Hung Dong Commune, Vinh City. The premise is adjacent to Bac Vinh Industrial Park, about 5 km from Vinh City, 1.1 km from Vinh Airport, 11 km from Cua Lo Port, 1.2 km from Vinh Railway Station and near to National Road 1A. The traffic convenience facilitates air, water, rail and road freight transportation.
As a high-quality clean industrial complex, Hung Dong has the most modern traffic, electricity, water supply and drainage systems now. With 39.51 ha in total, the investor planned to build industrial workshops on 28.5 ha, construct a wastewater treatment facility on 0.96 ha, plant green trees on 1.74 ha, and build traffic routes on 8.31 ha. Beautifully decorated green internal roads have a width of 12 – 18 m.
Mr Cao Dang Phuc, Director of Railway Land Joint Stock Company, said the Hung Dong high-quality clean industrial complex is invested to specify the Nghe An socioeconomic development master plan, or specifically developing local human resources and creating jobs for local people. It will avoid environment-polluting and unsafe enterprises in residential areas. It also aims to draw FDI projects. Therefore, investing companies will get policy support from Nghe An province. Tenants will be allowed to own the land plot for 50 years and they can sublease, mortgage or transfer a part of the land plot and assets attached to other investors. They do not need to pay land tax in 50 years (as they are required to make one-time payment). They will also get support for recruitment and personnel training. All legal procedures relating to business registration and factory construction permits are completed in a single-window mechanism.
With many incentive and support policies, high-quality synchronous infrastructure and convenient traffic to the region and to the world, Hung Dong industrial complex drew many foreign investors at the Nghe An Investment Promotion Conference in early 2013. Specifically, South Korea’s Lotte Mart Vietnam Co., Ltd and Japan’s Kume Design Asia Co., Ltd signed investment agreements with Railroad Land Joint Stock Company. Accordingly, Lotte Mart Vietnam Co., Ltd registered to buy two lots and Kume Design Asia Co., Ltd also registered to purchase two lots.
Stepping up cooperation in clean land fund use
To assert its right direction in market approach now and in the future and demonstrate its professional working manner with partners, especially foreigners, the Board of Directors and the Board of Management of the Company mobilises efforts of all employees. After two years of operation, Railway Land was successful in seeking and cooperating with Lotte Mart Vietnam Co., Ltd – a subsidiary of South Korean Lotte Group. The two sides signed a memorandum of understanding to lay the groundwork for further negotiations on land funds of the railway sector in Vinh City of Nghe An Province, Hanoi City and other localities nationwide.
Apart from land cooperation, Railway Land is also the steel supplier for Lotte Trade Centre on Lieu Giai Street, Hanoi. The company is in negotiations to become the official steel supplier for Lotte trade centre system and Lotte townships in Vietnam.
Director Cao Dang Phuc said South Korea is the fourth largest economy in Asia and the 15th largest in the world. South Korea is famous for automobile, shipbuilding, steel, electronics, semiconductor and construction industries. Thus, Railway Land always opens its doors wide to welcome South Korean investors.
Nguyet Tham
Đăng ký: VietNam News
