Viglacera builds houses for industrial zone workers

Feb 22nd at 08:17
22-02-2018 08:17:49+07:00

Viglacera builds houses for industrial zone workers

The Viglacera Corporation on Wednesday started construction of a housing project for workers in the Phu Ha Industrial Zone in the northern province of Phu Tho.

 

Tran Anh Tuan, director of the Viglacera projects management board, said the social housing project covered an area of 4.3ha in Ha Loc Commune of Phu Tho Town.

The VND480 billion (US$21 million) project is expected to provide 630 apartments, ranging from 26sq.m to 70sq.m, to some 2,500 workers. The rent is estimated at VND30,000 per square metre.

The project aims at improving the living standard of the employees, ensuring their commitment to the enterprise, as well as attracting more investments in the industrial zone.

Viglacera committed to focusing its resources in the construction work so that the apartments can be rented as scheduled, Tuan said.

Construction of Phu Ha Industrial Zone was kicked off on February 26, 2015. It has attracted $90 million from 13 enterprises mainly specialising in electronics and electricity production using advanced technology. The firms have helped create 10,000 jobs for the locality and neighbouring provinces.

Hoang Cong Thuy, vice chairman of the provincial People’s Committee, said if the entire land in the industrial zone were to be hired for production activities, there would probably be 30,000 workers. Therefore, the project developed by Viglacera Corporation needed to meet the demand of current and future workers.

The same day, the corporation inaugurated a VND16 billion waste water treatment plant in the industrial zone, with a capacity of 1,250cu.m per day and night.

Viglacera Corporation is considered the leading company in building material industry in Viet Nam and has confirmed its prestige in the real estate sector with many housing projects, including infrastructure of industrial parks and offices for lease, urban areas, houses for sale and trade centres.

bizhub



NEWS SAME CATEGORY

2018 promising for foreign property investors

Last year saw a lot of merger and acquisition (M&A) activities in the Vietnamese property sector, with transactions totalling US$1.5 billion and the participation...

Ho Tram to cement its status in 2018

Michael Kelly, executive chairman of Asian Coast Development Ltd. (ACDL), the developer of the Ho Tram Strip project in the southern province of Ba Ria-Vung Tau...

Ninh Van Bay Travel’s losses keep mounting

Ninh Van Bay Travel Real Estate JSC’s accumulated losses increased to VND480 billion ($21.1 million) due to the ineffective liquidation and transfer of two...

Investors from Europe, US absent from Vietnam real estate market

Asian real estate developers have increased their presence in Vietnam, while European and American investors have remained indifferent to the market.

Novaland reports 24% growth in profits

Real estate developer Novaland Group has reported a 24 per cent growth in after-tax profit to over VND2 trillion (US$87.7 million) in 2017.

4-star hotel opens in Binh Duong

Bcons Construction Investment joint Stock Company on Wednesday opened a four-star hotel in the southern province of Binh Duong.

Real Estate Association urges real estate firms to list

The HCM City Real Estate Association (HoREA) has recommended real estate companies transform themselves into publicly listed joint-stock businesses so they are able...

HCM City real estate market remains on growth path

The HCM City property market is expected to remain strong this year thanks to the country’s robust economic growth last year.

Wínk Hotels reveals location of first two development sites

Wínk Hotels, the visionary hotel brand and creation of Indochina Vanguard Hotels, today announced a key milestone – the confirmation of the brand’s first locations...

Phu My Hungs Spring Flower Festival

Life along river will be the theme of the 2018 Phu My Hung Spring Flower Festival to be organised by the Phu My Hung Development Corporation for Lunar New Year.

Real estate stocks

Construction stocks


MOST READ


Back To Top