On the occasion of the upcoming 80th Anniversary of Vietnam’s National Day (September 2), the Vietnam Rubber Urban and Industrial Zone Development Joint Stock Company was honored to welcome the working delegation of the Standing Committee of the Hai Phong City Party Committee, led by Comrade Le Tien Chau – Member of the Party Central Committee, Secretary of the City Party Committee, and Head of the National Assembly Delegation. Joining the delegation were members of the Standing Committee of the City Party Committee, the Vice Chairman of the City People’s Committee, as well as Directors of municipal departments and agencies.
Chairman of the Board of Directors, Pham Trung Thai, presented the results of Phase 1 of the Cong Hoa Industrial Park and put forward proposals and recommendations to the delegation of the City Party Committee.
At the working session, the delegation listened to the Company’s Board of Directors reporting on the implementation results of the Cong Hoa Industrial Park Project – Phase 1, covering an area of 201.43 hectares. The project has already attracted 20 investors, including 17 foreign direct investment (FDI) enterprises and 3 domestic enterprises, with an occupancy rate of 95%. According to statistics, the average investment capital per hectare from FDI enterprises reached USD 6.5 million. In practice, through effective cooperation with its clients, Cong Hoa Industrial Park has earned the trust of investors from many countries around the world.
During the session, VRG’s leadership also reported to the delegation on the planning scheme for the Cong Hoa Industrial Park 2 Project, with the orientation of developing a Green Industrial Park, meeting six key criteria: Sustainable planning, Environmental management, Use of clean and efficient energy, Smart water management and usage, Development toward green technology, Waste management and recycling.
Hai Phong City Party Secretary Le Tien Chau leaves a souvenir at the Company
VRG – A Prestigious Investor, Creating Modern Industrial Infrastructure
The year 2024 witnessed fluctuations in both the domestic and global economy. Typhoon No. 3 (Yagi), assessed as the most powerful storm with the strongest winds and devastation in the past 60 years, struck northern provinces, causing severe damage to the assets, houses, trees, and crops of local people and businesses. In such challenging times, Cong Hoa Industrial Park (IP), together with its secondary investors, clearly demonstrated resilience, determination, and solidarity in overcoming difficulties. With proactive, creative, and decisive measures in coordinating recovery efforts after the storm, enterprises not only quickly stabilized production but also maintained growth momentum, continuing to affirm their position as reliable suppliers in global supply chains requiring strict technical standards.
In the aftermath of Typhoon Yagi, Cong Hoa Industrial Park has continued to be identified as a preferred destination for FDI investors.
With the motto: “FLEXIBLE POLICIES – COMPLETE INFRASTRUCTURE – SMART MANAGEMENT – COOPERATIVE DEVELOPMENT”, VRG pledges to work hand-in-hand with secondary investors to build a prosperous future for investment projects at Cong Hoa Industrial Park.
Cong Hoa Industrial Park, Tran Hung Dao Ward, Hai Phong City, Phase 1, covers an area of 201.4 hectares with an occupancy rate of 95%.
A Solid Foundation for Every Success
At the end of June 2025, the General Meeting of Shareholders of the Company received encouraging news from the Company’s leadership. In 2024, business performance achieved significant growth across key indicators: a dividend payout of 35%; full allocation to mandatory funds; preservation and effective growth of shareholder capital; development of projects primarily financed by equity (without incurring debt); and a project portfolio that ensured both capital security and growth for shareholders. The Company maintained steady growth momentum and laid out a clear development direction for the period 2025–2030 and beyond.
Sharing this common joy, Chairman of the Board of Directors Pham Trung Thai enthusiastically stated: “Cong Hoa Industrial Park 1 and 2 are located in the Northern Key Economic Region, the convergence point of the dynamic economic growth triangle Hanoi – Hai Phong – Quang Ninh. This is a strategic advantage as the transportation system flexibly connects with major economic centers, international seaports, and international airports such as Noi Bai, Van Don, Cat Bi and Gia Binh. This optimizes transportation and logistics costs, serving as a bridge between global supply chains and markets, providing a solid foundation for the sustainable growth of secondary investors in Cong Hoa Industrial Park.”
Thanks to the relentless efforts of the Company’s leadership and employees, the business results of 2024 and the first half of 2025 carried significant meaning, creating momentum for the development period 2026–2030.
General Director Dang Van Thieu emphasized: “In 2024, the Board of Directors worked closely with the Executive Board to stand alongside investors in the Industrial Park, resolving arising obstacles, accelerating construction progress, shortening investment procedures, and promptly addressing issues to ensure the legitimate interests of both the Company and investors. This has strengthened investor confidence.
Chairman of the Board of Directors Pham Trung Thai reported the results of phase 1 of Cong Hoa Industrial Park and made proposals and recommendations to the City Party Committee's working delegation.
Breakthrough Vision – Expanding Development Space
With the motto “Continuous Creation and Development,” VRG has carefully set development goals for 2025–2030 and the years ahead under the principle: “Shared Interests – Shared Challenges.” In the remaining months of 2025, VRG will continue to focus on accelerating investment to complete infrastructure works for Cong Hoa Industrial Park Phase 1; closely coordinate with the Hai Phong Economic Zone Authority and relevant municipal departments to finalize the planning scheme for Cong Hoa Industrial Park 2; complete land clearance solutions to ensure the project can break ground in early 2026, as directed by the City Party Secretary. The Company will also finalize legal procedures for the People’s Committees of Tay Ninh and Nghe An provinces to consider granting investment approval for VRG’s projects, including new industrial parks, industrial clusters, and solar power projects under study.
Building on its strengths and experience, the Vietnam Rubber Urban and Industrial Zone Development Joint Stock Company continues to research and deploy promising investment projects: In Long An Province: Truong Hai International Industrial Park in Duc Hue District (162 ha), and Loc Giang 2 Industrial Cluster in Duc Hoa District (75 ha). In Nghe An Province: High-Tech Forestry Industrial Park Project; Ho Khe Go Solar Power Project (200 MW); and Ho Vuc Mau Solar Power Project (160 MW).
To realize these ambitious goals, Chairman Pham Trung Thai affirmed: “We are focusing resources on investing in equipment, building a conducive working environment, attracting high-quality human resources, promoting science and technology applications, fostering innovation, accelerating digital transformation, and integrating IT and artificial intelligence (AI) into all operational, production, and business processes of the Company. We are establishing a flexible salary mechanism, proactively adapting to and effectively addressing global political and economic fluctuations, and actively integrating into the rapidly evolving technological landscape.”
In closing, the author extends best wishes to VRG: may the Company continue to maintain its growth momentum, strive ceaselessly to remain a trusted partner for investors, and be the destination where investors bring capital, technology, and expertise to thrive within the VRG development ecosystem.
VRG – Where Enterprises Come to Cooperate and Grow.
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