First Tenant For VSIP Hai Duong

FIRST TENANT FOR VSIP HAI DUONG, REGINA MIRACLE INTERNATIONAL (VIETNAM) LIMITED
 
Hai Duong Province, 01 July 2015 –VSIP Hai Duong Co is pleased to confirm its first tenant, Regina Miracle International (Vietnam) Limited. Regina Miracle received its investment license today from the Hai Duong People’s Committee during a presentation ceremony.
 
Regina Miracle, with the total investment capital of US$88 million, will set up a 13.6-hectare shoe manufacturing facility within the VSIP Hai Duong located in Cam Giang District, Hai Duong province. Construction of the factory will commence in January 2016. Approximately 3,800 staffs will be employed to work in the factory during its initial phase. Regina Miracle intends to produce about 6.8 million pairs of shoes annually when the factory is fully operational.
 
VSIP Hai Duong is the sixth VSIP development after others located in Binh Duong, Bac Ninh, Hai Phong City and Quang Ngai provinces. The 150-hectare industrial park is currently undergoing improvement and infrastructure works for land delivery to customers by the end of the year.
 
VSIP Hai Duong is located between the VSIP’s two other existing projects in northern Vietnam, the VSIP Bac Ninh and the VSIP Hai Phong, along the QL5 highway connecting Hanoi and Hai Phong City. Tenants such as Regina Miracle in VSIP Hai Duong are given preferential corporate income tax incentives by the government, including two years’ tax exemption and tax reduction for subsequent four years.
 
Regina Miracle’s factory in VSIP Hai Duong is its second in Vietnam. In March 2014, it had invested US$150 million in its first factory in VSIP’s Hai Phong location. That factory will be operational in September 2015 and will produce lingerie and sportswear apparel.
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