Taseco Land breaks ground on industrial park in northern Vietnam

Taseco Land, a real estate arm under TASECO Group, started construction of the Dong Van III Taseco Industrial Park in the northern province of Ha Nam on Saturday.

The industrial park (IP) covers 223 hectares in five communes of Duy Tien town and has an investment of VND2,300 billion ($91.2 million).

The groundbreaking ceremony came nine months after Taseco Land received the investment registration certificate and completed required procedures. Some 200 out of 223 hectares have been cleared, of which the local government has handed over 128 ha.

In the first phase, Taseco Land will complete technical infrastructure and hand over nearly 100 ha for secondary investors in Q1/2025. The following two phases are slated to be finished by the end of next year.

To ensure environmental protection, the company has worked with several foreign partners experienced in running IPs, aiming to build a green, modern, and environmentally friendly facility.

Taseco Land signed cooperation memorandums of understanding with Japan’s Sojitz and the U.S.’s Indochina Capital at the ceremony. The former also donated VND1 billion ($39,655) to the town’s charity fund.

The IP is in a well-connected location, next to the Cau Gie-Ninh Binh expressway, a vital link between Hanoi and several Mekong Delta and central provinces.

It is adjacent to the 328-ha Duy Tien urban area, which features a housing complex for workers, and the future Dong Van V and VI IPs, poised to be the province’s new critical industrial zone and most extensive zone for future investments.

Once operational, the Dong Van III Taseco IP will create thousands of jobs for locals and contribute significantly to the province’s budget.