The paperwork for Viet A Industrial and Commercial Investment Group Joint Stock Company’s investment in the Viet A steel structure and electric cable factory complex project in Thai Hoa town is being finalized (Nghe An). The project implementation area is expected to be about 82.7 hectares, with a total investment of more than 1,128 billion VND.

Nghe An Department of Planning and Investment has just sent a document to the Provincial People’s Committee on the review of investment policy documents for the Viet A steel structure and electric cable factory complex project at Nghia My CCN, Thai Hoa town.

Nghe An Department of Planning and Investment said that, after checking and reviewing, the Department of Natural Resources and Environment, the Thai Hoa Town People’s Committee confirmed that projects in industrial clusters without infrastructure investors, the People’s Committee of the province leases land without auctioning land use rights.

According to the Nghe An Department of Planning and Investment, the project is subject to the application of conditions for land allocation, land lease, and permission to change the land use purpose. The proposed land area for the project is mainly used from the agricultural land fund specializing in wet rice cultivation. Therefore, if approved by the Standing Committee of the Provincial Party Committee and the Provincial People’s Committee, the investment must be submitted to the Provincial People’s Council for approval of the Resolution on changing the purpose of using rice land (about 7.32 ha) before carrying out the change of use purpose or lease according to regulations.

Regarding the source of input materials, the investor and its supply partners are committed to meeting the project’s input material needs.

Nghe An Department of Planning and Investment has proposed the Provincial People’s Committee approve the investment policy of the above project for Viet A Group as an investor.

It is known that the proposed land area is expected to be about 8.27ha. The total construction area is expected to be about 4.23ha (the expected construction density of 51.22%), and the remaining land area is for yards, internal traffic, trees, landscape, and other ancillary works. The project implementation location is at Nghia My Industrial Cluster, Xuan Yen hamlet, Nghia My commune, Thai Hoa town, Nghe An province.

The investment objective is to manufacture steel structures, steel columns for power and high-voltage transmission works; lighting poles; telecommunications columns; mechanical products of all kinds; non-standard components; manufacturing all kinds of wires and cables of all kinds; … The project went into operation attracting about 850 people, reaching an output of 10,000 tons/year for electric cables and 20,000 tons/year for mechanical products, and steel structures of all kinds. It is expected that when the project goes into stable operation, it will contribute to the state budget on average about 60 billion VND/year.

Total project investment capital is expected to be about VND 1,128.3 billion, mobilized from the enterprise’s own capital and bank loans.

Viet A Group (headquartered at Viet A Building, No. 9, Duy Tan Street, Dich Vong Hau Ward, Cau Giay District, Hanoi), was established in April 2005. Pham Thi Loan is the legal representative and Chairman of the Board of Directors of the company. The main activity of this company is Architectural activities and related technical consulting.

In addition to representing this business, Ms. Loan also represents Viet A Electrical Cable Co., Ltd., and Viet A Electromechanical Co., Ltd.

On the Procurement Portal, Viet A Group has participated in 150 bidding packages, of which 30 packages won, 85 failed, 23 packages were still unsuccessful and 12 packages were canceled. The total winning value of Viet A Group is more than 742.2 billion VND.

Typically, Viet A Group won 4 bidding packages invited by the Central Power Project Management Board with a total amount of more than 245.5 billion VND. 4 packages are invited by the Project Management Board of Southern Power Works – National Power Transmission Corporation with a value of more than 223.7 billion VND. The Northern Power Projects Project Management Board is offering one of the four packages. – Branch of National Power Transmission Company with a successful bid amount of more than VND 68.5 billion…

Source: Cafef