Stavian Industrial Park Joint Stock Company has signed land sublease contracts and handed over plots to secondary investors at the Stavian Hung Yen Industrial Cluster, marking a step forward in the project’s investment attraction and infrastructure rollout.
Stavian Industrial Park on March 18 signed land use right and infrastructure sublease contracts with 12 enterprises at the cluster, 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 operating in various manufacturing sectors.
The agreements form an important basis for Stavian Industrial Park to support investors in completing subsequent administrative procedures, including obtaining land use rights certificates corresponding to their leased plots.
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Signing ceremony of land use right and infrastructure sublease contracts at Stavian Hung Yen Industrial Cluster. Photo courtesy of Stavian Industrial Park |
As part of the event, the developer also conducted a land handover ceremony for several investors that have already secured investment registration certificates (IRC), allowing them to move ahead with design, construction and factory development.
To date, approximately 318,000 sq.m of land has been leased at the project, equivalent to an occupancy rate of about 65%. The developer said this reflects interest from enterprises across multiple manufacturing sectors. Core infrastructure, including internal roads, power and water systems, and a centralized wastewater treatment plant, has been completed to support operations.
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Land handover for subleased plots at the project site. Photo courtesy of Stavian Industrial Park |
A representative of Stavian Industrial Park said the contract signing and land handover mark a key milestone in the project’s development and demonstrate the company’s commitment to supporting investors throughout project 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 a focus on sustainable growth.
