The project is implemented in Da Hang hamlet and Giua hamlet, Hiep Thanh commune, Go Dau district, Tay Ninh province. The total investment capital of the project is 2,350 billion VND, of which the investor's capital contribution is 352.5 billion VND.
The land use scale of the project is 495.17 hectares (not including the area: Xom Bo - Bau Don road; N8 irrigation canal; Go Dau - Xa Mat expressway planning route and Ho Chi Minh City - Tay Ninh railway passing through the project).
The project's operating period is 50 years from the date the project is approved for investment policy at the same time as the investor's approval (March 1, 2024).
The investment, construction and business of industrial park infrastructure from inefficient rubber plantation land is the segment with the highest profit margin among VRG's business segments.
Perspective of Hiep Thanh Industrial Park
In 2024, VRG aims to lease 245 hectares of new industrial park infrastructure, equal to 468% of the estimated 2023 figure. In 2023, the Group's industrial parks will lease 52 hectares, equal to 52.4% of the annual plan. Revenue from industrial parks in 2023 is estimated at VND 2,177 billion, equal to 88.4% of the plan; pre-tax profit is estimated at VND 1,175 billion, reaching 112.9% of the 2023 plan.
In the business segment that brings in the largest revenue for VRG, rubber production, there is also good news as export prices tend to increase.
According to the Ministry of Agriculture and Rural Development , rubber exports in the first two months of 2024 reached 320 thousand tons and 458 million USD, up 20.4% in volume and 24.5% in value over the same period in 2023.
The average export price of rubber in the first two months of 2024 is estimated at 1,429 USD/ton, up 3.4% over the same period in 2023.
On the stock market, VRG stock price (stock code GVR) has been continuously increasing recently. Closing the trading session on March 1 at VND 29,100/share, an increase of nearly 50% compared to the beginning of 2024 (about VND 20,000/share).
Source: https://nld.com.vn/vrg-duoc-chap-thuan-chu-truong-dau-tu-kcn-2350-ti-dong-tai-tay-ninh-196240302113847494.htm
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