• On May 29, 2024, Vinhsien Co., Ltd. coordinated with leaders of the People's Committee of Cam Xuyen district, Ha Tinh province to organize compensation payments, support, resettlement and project site clearance: Maple West functional food manufacturing and processing factory in Bac Cam Xuyen Industrial Cluster, Ha Tinh province

Cam Xuyen district leaders chaired the compensation payment, support, settlement finance and project site clearance session.

Cam Xuyen district leaders chaired the compensation payment, support, settlement finance and project site clearance session.

Cam Xuyen district leaders chaired the compensation payment, support, settlement finance and project site clearance session.

Cam Xuyen district leaders chaired the compensation payment, support, settlement finance and project site clearance session.

Cam Xuyen district leaders chaired the compensation payment, support, settlement finance and project site clearance session.

Make payments of compensation, support, settlement funds and project site clearance to affected households

Make payments of compensation, support, settlement funds and project site clearance to affected households

Make payments of compensation, support, settlement funds and project site clearance to affected households

Make payments of compensation, support, settlement funds and project site clearance to affected households

Make payments of compensation, support, settlement funds and project site clearance to affected households

Make payments of compensation, support, settlement funds and project site clearance to affected households

Make payments of compensation, support, settlement funds and project site clearance to affected households

Make payments of compensation, support, settlement funds and project site clearance to affected households

Make payments of compensation, support, settlement funds and project site clearance to affected households

Make payments of compensation, support, settlement funds and project site clearance to affected households

Make payments of compensation, support, settlement funds and project site clearance to affected households

End of payment of compensation, support, resettlement and site clearance Project: Maple West functional food manufacturing and processing factory at Bac Cam Xuyen Industrial Cluster, located in Cam Vinh commune, Cam Xuyen district: 100% of households and individuals agreed to receive compensation, support, resettlement and site clearance. Agree to hand over land to implement the project

• On January 10, 2024, leaders of the People's Committee of Cam Xuyen district, Ha Tinh province had a working session on compensation and site clearance for the Maple West functional food manufacturing and processing factory project in the Cluster. Bac Cam Xuyen industry, Ha Tinh province

• On October 26, 2023, leaders of the People's Committee of Cam Xuyen district, Ha Tinh province had a meeting to hand over the land boundary of the Maple West functional food manufacturing and processing factory project in the Bac Cam Xuyen Industrial Cluster, Ha Tinh province.

Leaders of VINHSIEN Co., Ltd. and leaders of Cam Xuyen district, Ha Tinh province at the handover ceremony

• On October 5, 2023, Maple West functional food manufacturing and processing factory project was awarded a decision approving the 1/500 total land use planning map by Ha Tinh.

• On May 28, 2023, at the conference announcing the Provincial Planning and investment promotion, the Maple West functional food manufacturing and processing factory project was awarded an investment decision by Ha Tinh.

Leaders of VINHSIEN Co., Ltd. received the investment decision for the Maple West functional food manufacturing and processing factory project

Introducing the investor:

• Organization name: VINHSIEN COMPANY LIMITED
• Head office address: Lot No. 03, Bac Cam Xuyen Industrial Cluster, Cam Vinh Commune, Cam Xuyen District, Ha Tinh Province.
• Information about the legal representative of the enterprise:
  • Full name: Lu Chun-Hsien                
  • Position: Chairman
  • Nationality: Taiwan
• Vinhsien Company Limited is a joint venture between Vuong Ngoc Company Limited (Vietnam) and Esgreen Company Limited (Hong Kong)

The Government's policy mechanism on supporting production and business, increasing advantages for pharmaceutical factories in Vietnam.

• The Bidding Law stipulates that if there is a domestically produced drug that meets the treatment requirements and supply capacity, it is not allowed to bid on equivalent imported drugs.
• Circular 10/2016/TT-BYT also clearly issued a list increasing from 146 to 640 domestically produced drugs that meet these criteria, without bidding for imported drugs. Accompanying that is the regulation to prioritize bidding with 5 points higher for 62 drug products honored as "Vietnamese Drug Stars", owned by 30 domestic pharmaceutical enterprises.
• Relevant circulars on bidding also provide regulations to create favorable conditions for domestic drugs. Accordingly, the Generic bidding package and the bidding package for medicinal herbs and traditional medicines all have a separate bidding group for domestic drugs produced on production lines meeting WHO-GMP standards. Domestically produced drugs that meet EU-GMP standards will be eligible to bid in group 1 of the Generic bidding package. The Ministry of Health also encourages processing and technology transfer of foreign drugs that cannot domestically meet treatment needs, prices and supply capacity.
• In addition, the Health Insurance Law also increases the rate of internal drug use at medical examination and treatment facilities. The selection of the list of drugs covered by social insurance is carried out on the principle of: prioritizing domestically produced drugs that meet GMP standards or using medicinal herbs exploited in Vietnam... to encourage Vietnamese people. Use Vietnamese medicine.
• Many decisions of the Prime Minister were also made to promote Vietnam's pharmaceutical industry development strategy to 2030 and vision to 2040. Accordingly, domestic pharmaceutical enterprises will enjoy many preferential policies. production and business.
• Vietnam has established economic, trade and investment cooperation relations with more than 230 countries and territories; signed more than 90 bilateral trade agreements; 12 multilateral trade agreements; nearly 60 agreements to encourage and protect investment; 54 double taxation agreements. As of December 2021, there are 17 free trade agreements (FTAs) signed and under negotiation (including 3 new generation FTAs). Currently, Vietnam is one of the countries participating in many FTAs in the world.
• Vietnam cuts 1,720 tariff lines from 5% to 0% under the Vietnam-ASEAN FTA Agreement.
• When Vietnam participates in new generation FTAs, the openness of Vietnam as well as its partners is certainly very deep (due to the commitment to eliminate most tax lines, strongly open service industries, due to the scope of very broad commitment, including commitments on many new areas that Vietnam has never committed to open before)

Pharmaceutical industry market in Vietnam

• Vietnam is a country that plays an important role in promoting the global pharmaceutical industry. Because of the large population, the economy is growing rapidly. and the work of propagating and educating awareness of community health care and proactive health is increasingly promoted.
• Vietnam's population is entering the "aging" phase at the fastest rate ever (World Bank warns), the proportion of the population aged 65 and over is 6.5% in 2017, expected to increase. reaching 21% by 2050), meaning healthcare demand is increasing.
• The ability to pay for health services tends to increase due to improved per capita income and educational levels, while diseases are increasing... which is the main factor leading to development. inevitable for the pharmaceutical industry.
• According to the national strategy for developing Vietnam's pharmaceutical industry to 2030, with a vision to 2040, the goal of the pharmaceutical industry is to produce domestic drugs to meet user demand and account for 80%.
• The Vietnamese Government will issue preferential policies for the production of specialized drugs, specially prepared drugs, generic drugs, vaccines, biological products...

Ha Tinh – A land rich in potential

• With a central location in the North Central region, Ha Tinh is located on strategic traffic axes, becoming one of the major gateways, with many advantages in development cooperation.
• Ha Tinh always ensures adequate and safe supply of electricity and water for production and people's livelihood. Telecommunications and information technology infrastructure is developing rapidly, connecting widely, meeting the need for high quality domestic and international communications.
• Ha Tinh owns a 137 km long coastline with abundant aquatic resources, many unique landscapes, historical and cultural relics.
• Ha Tinh issued preferential policies on interest rates and land rental taxes to build new facilities, especially production in the pharmaceutical industry.

Ha Tinh province's socio-economic development is rapid and comprehensive

• To date, Ha Tinh has attracted nearly 1,300 projects, of which nearly 1,200 domestic investment projects, with a total registered capital of over 107 trillion VND and 78 foreign investment projects with registered capital above 12 billion USD. Some major investment projects in Ha Tinh province:
• Formosa Ha Tinh project of Formosa Ha Tinh Hung Nghiep Iron and Steel Co., Ltd. (FHS), a branch of Formosa Plastic Group, Taiwan. Total investment capital: 12.787 billion USD (capacity of more than 10 million tons/year in phase I) and planning to increase capital to 27 billion USD (20 million tons/year in phase II). Scale: Total project implementation area is more than 3,300 hectares, including land area of more than 2,025 hectares and water surface area of more than 1,293 hectares (Son Duong port).
• Vingroup project in Vung Ang - Ha Tinh. Total investment capital: total investment capital is 302,500 billion VND (about 13 billion USD). Scale: 2,000 hectares in Vung Ang Economic Zone, Ky Anh town. Including a land area of 1,500 hectares and a sea surface area of 500 hectares.
• Nam Cau Phu Urban Area Project of: T&T Group Joint Stock Company. Total investment capital: 3,700 billion VND. Scale: 49.91 hectares

Transportation system in Ha Tinh

• Road: The entire province's road network has a total length of 16,655.16km. The National Highway and Provincial Road system alone is 850.03km long, of which the National Highway has 07 routes with a total length of 492.50km, Provincial roads have 10 routes with a total length of 357.53km. All national highways meet grade III and grade IV road standards with the road's operating load of 10 tons/axle, and the bridge's operating load of more than 30 tons.
• Railway: The railway passing through Ha Tinh area is 71km, track gauge is 1m.
• Seaway: With a coastline of 137km, there are 4 large seaports convenient for coastal transportation. Currently there are 2 seaports: Xuan Hai Port and Vung Ang - Son Duong deep-water port cluster:
• Xuan Hai Port: can receive 2,000DWT ships; The warehouse of Xuan Hai Ports has an area of 1,350m2. The annual output of goods passing through the port usually averages 250-300 thousand tons/year.
• Vung Ang general wharf area: can receive general cargo ships of 3 - 4.50,000 DWT. Total area of 2 warehouses is 8,000m2, yard area is 24,000m2.

Resources to implement the project's target market deployment plan:

• Hospital channel: This is the key channel that all pharmaceutical manufacturers and distributors target. And currently, we have a network of more than 500 public hospitals in Vietnam.
• Pharmacy channel: Pharmacy is the most popular pharmaceutical distribution channel in Vietnam because it is often the first choice of people when they get sick (convenience in buying and selling, habit of using common drugs, Patients do not need a prescription from a doctor, the pharmacist will prescribe medication based on the symptoms provided by the patient). We have cooperated with 8,000 pharmacies and about 300 polyclinics. In the future, the number of pharmacies will constantly increase, with the goal of customers easily accessing our products.
• Besides, we have cooperated with pharmaceutical representatives and agents in the provinces and cities of Vietnam
• Online distribution channel (company website, https://shopee.vn; https://tiki.vn; http://www.lazada.vn; https://www.sendo.vn; http:// www.vatgia.com; Facebook, Tiktok… ):
• Other distribution channels: With partners who are pharmaceutical companies, our company constantly develops trade promotion, introduction and distribution of products in all provinces and cities in Vietnam.

Investment location for project construction

• Address: Lot No. 03, Bac Cam Xuyen Industrial Cluster, Cam Vinh Commune, Cam Xuyen District, Ha Tinh Province.
• Area: 1,305 hectares.
• Boundaries and geographical location:
• The Northwest borders: Planning road (21.5m wide).
• The southwest borders: Planning road (21.5m wide)
• The Southeast borders: Factory producing unburnt building materials and precast concrete structures - Hoang Long Construction Investment and Trading Joint Stock Company.
• The Northeast borders: Sao Mai 2 packaging factory - Sao Mai Joint Stock Company.

Land map:

Geographic distance from project location to other locations

• To Vinh International Airport: 63 Km

Vinh Airport has a 3,000 m long runway and can serve aircraft such as Airbus A320 and Boeing 737. This airport is currently capable of serving about 3 million passengers per year.

Vinh Airport is located in the heart of Central Vietnam, between developed economic regions such as Hanoi, Hue and Da Nang. This helps the airport easily connect with major cities and attract a large number of tourists and business customers.

• To Vung Ang Seaport: 66 Km

Vung Ang seaport is one of the largest and most modern seaports in Vietnam. Strengths of this port include:

Favorable geographical location: Vung Ang Port is located in the center of the North Central region, close to major production and consumption locations such as Hanoi, Hai Phong, Quang Ninh, Thanh Hoa, Nghe An, Ha Tinh, Quang Binh, Quang Tri and Da Nang. This makes transporting goods from one port to other locations easy and cost-effective.

Modern infrastructure and equipment: Vung Ang Port is equipped with modern infrastructure and equipment such as wharves, wharfs, warehouses, crane systems, and transportation management information systems. and security systems ensure the safety of goods and ships.

Ability to receive large ships: Vung Ang port has a depth of up to 14m, allowing to receive ships with a tonnage of up to 100,000 tons. Can accommodate large ships such as container ships, oil tankers, bulk carriers, tourist ships and fishing ships.

Diverse transportation services: Vung Ang Port provides services

• To Cua Lo Seaport: 75 Km

Favorable geographical location: Cua Lo Nghe An is located in the central coastal region of Vietnam, near main sea routes through Southeast Asia. This creates favorable conditions for trade and transportation of goods between countries in the region.

Deep water and good port structure: Cua Lo Nghe An seaport has the ability to receive ships with a maximum tonnage of up to 50,000 DWT (Deadweight tonnage). Cua Lo Port has sufficient water depth to receive large and large ships, and has a modern and comfortable port structure. This helps the port have the ability to serve different types of goods and provide good support for import and export activities.

Economic development potential: With a location near key economic zones of Central Vietnam such as Nghe An, Ha Tinh, Quang Binh, Cua Lo Port can serve production, business and import-export activities. exports of these areas. This creates favorable conditions for economic development and attracts investment to the region.

Good traffic connection: Cua Lo Port has a developed road, rail and air transport network, connecting with domestic and international areas.

• To Hanoi: 360km
• To Ha Tinh City Center: 7 Km
• To Ha Tinh University: 1 Km
• To Formosa Ha Tinh Project: 63 Km

• To Vingroup Project in Vung Ang - Ha Tinh (LFP Cell Battery Factory): 64 Km
• To Nam Cau Phu urban area project: 5 Km

Route map from the factory construction location to seaports and airports

Road map from factory construction location to other major projects

Geographical location of Ha Tinh province

By: Felix