SGC: Flashlight in Business - Investment Activities

 

All projects undertaken by SGC show its true affection and value and help beautify the image of Ho Chi Minh City and the country. Based on long-term national housing development strategy in the 2020 - 2030 stage, SGC will focus on building residential areas, developing new urban zones and apartments for a wide range of customers, particularly affordable social accommodations in Ho Chi Minh City. So far, SGC has built a lot of important works in the city like Tan Da Apartment, Phu Tho Thuan Viet Building, PN Techcons Building and most recently SGC Nguyen Cuu Van Building.

 

SGC Nguyen Cuu Van project was completed on schedule in the fourth quarter of 2013. Situated at No. 46/11 Nguyen Cuu Van Street, a prime location in the centre of Binh Thanh district and between two arterial roads of the city - Dien Bien Phu and Nguyen Thi Minh Khai, residents are only a 10-minute drive from downtown and neighbouring districts like District 3, Phu Nhuan District and District 2. It is also close to essential infrastructures to serve the spiritual life and livelihood of the residents, like churches, markets, schools and hospitals. The 104-apartment building has sufficient utilities, parking lots, elevators and public houses. With the absolute trust of customers, all 104 apartment units of SGC Nguyen Cuu Van were sold out after one month of sale opening.

 

Promoting its successes, the corporation is determined to create products for customers to experience modern life and utilities.

 

Gathering all required elements for a modern industrial zone, Cai Mep Industrial Park invested by SGC is rated as one of the ideal places for domestic and foreign enterprises when they find investment opportunities in Ba Ria - Vung Tau province. Founded in 2002, the 670-ha Cai Mep Industrial Park is situated in the southern economic zone in Tan Phuoc and Phuoc Hoa communes, Tan Thanh district, Ba Ria - Vung Tau province. About 70 km from HCM City and 40 km from Vung Tau City, well-connected Cai Mep Industrial Park is an appealing destination to investors. Lying close to deepwater ports capable of receiving ships of 80,000 DWT, the distance from Cai Mep Industrial Park to Tan Cang - Cai Mep Port, Interflour Port, Gemadept Port and Japan ODA Port is shorter than 2 km, thus helping investors to minimise transport costs for input materials and exports. This is considered a superior, peculiar strength of the Cai Mep Industrial Park in comparison with other industrial zones in the province and other localities. In addition, the well-planned investment and well-designed construction of specialized ports such as Interflour flour port, LPG port, Petec petroleum port and Cai Mep petroleum port can receive vessels of up to 110,000 DWT.

 

Internal roads - 31 meters, 24 meters and 19.5 meters wide - are connected with Cai Mep - Thi Vai International Port and National Road 51 (connecting Ho Chi Minh City with Vung Tau City). In the southwest region of Cai Mep Industrial Park adjoining Cai Mep and Thi Vai rivers flowing to the sea lies a perfect point to the waterway transport system. The industrial park also has a railway station linking Ho Chi Minh City, Bien Hoa City and Vung Tau City. It also has a lot of other utilities such as telecommunications, electric, water, gas, banking, postal, customs, police and security systems to ensure the highest utility for investors. Water supply and drainage systems and environmental remediation systems are subject to stringent standards and regulations.

 

To provide maximum support for investors, Cai Mep Industrial Park Management Board also applies many attractive incentives. In addition to getting assistance for completing procedures relating to investment certification, tax declaration and customs formalities, projects in the industrial park are entitled to a preferential corporate income tax of 20 percent for 10 years from the year of operation and 25 percent in the following years. They are exempted from corporate income tax in the first two years from the year with taxable income and a 50 percent reduction on tax payable for the next four years. They are free from import tariffs on machinery and equipment that form fixed assets which are unable to be made by local firms or substandard to their technical requirements.

 

With a prime location plus a complete infrastructure system and professional support services networks, Cai Mep Industrial Park can house investment projects in various industries, especially heavy industries that need specialised ports like petroleum, gas, chemical and metallurgy; light industries; mechanical engineering, ship repairing, agricultural and food processing industries. Thus far, 10 investors were licensed to rent a total area of 150 ha. Typical projects include Interflour Vietnam wheat flour milling plant, LPG plant and condensate project. Most recently, at Cai Mep Industrial Park, a groundbreaking ceremony was hosted for a zirconium compound factory invested by Vietnam Rare Chemical Co. (VRec). This is the first wholly foreign-invested project in Cai Mep Industrial Park and also the first rare earth production project in Vietnam. It will spend a total ofVND1.03 trillion developing a four-hectare plant specialising in production and deep processing of zircon ores to make metasilicate and zirconium compounds. VRec is a wholly Japan-invested invested company and the arrival of a prestigious company like VRec is seen as the most concrete evidence for the attractiveness of the industrial park to domestic and foreign enterprises.

 

In addition to the focus on business development, SGC also very much focuses on building and developing corporate culture and considers this a golden factor to success. Nguyen Van Khoi, SGC General Manager, said: "Together with market economy development, corporate culture construction is an essential but difficult work. With 29 subsidiaries, associates and affiliates situated in Ho Chi Minh City, SGC sees certain challenges in corporate culture construction. However, we deem corporate culture construction essential because the SCG culture is reflected in leadership style and working style.

Needless to say, the strong personnel foundation is behind SGC's current success. The corporation always pays attention to improving the physical and mental life of employees and provides the most favourable conditions for them to promote their capacity to a maximum. Each SGC employee is encouraged and supported to improve their expertise, qualifications and skills. The corporation also hosts scientific research and innovation promotion movements to encourage its employees to contribute initiatives. From these efforts, the company has built a comprehensive, closely linked environment for all the staff.