On March 18, the company signed land use rights and infrastructure sublease agreements with 12 enterprises, including SUV Co Ltd, La Hong Furniture and Interior Decoration Co Ltd, Airpac Packaging JSC, Divico Vietnam Co Ltd and Hung Yen General Investment and Services JSC, among others in manufacturing sectors.
The agreements provide a basis for investors to complete administrative procedures, including obtaining land use right certificates for their leased plots.
During the event, the developer also handed over land to several investors that had already secured investment registration certificates, enabling them to proceed with design, construction and factory development.
To date, around 318,000 sq m of land has been leased at the project, equivalent to an occupancy rate of about 65 per cent. Core infrastructure, including internal roads, power and water systems and a centralised wastewater treatment plant, has been completed.
A company representative said the contract signing and land handover mark an important milestone and demonstrate its commitment to supporting investors throughout implementation, from legal procedures to construction and operations.
The Stavian Hung Yen Industrial Cluster is being positioned as a destination for both domestic and foreign manufacturers, supported by ongoing infrastructure development and investor services.
