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Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO)

Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO) is the State Corporation under the Ministry of Construction in accordance with the Decision No. 90/TTg dated March 7th 1994 by the Prime Minister.

 
IDICO was founded under the official letter No. 1011/CP-DMDN dated November 7th 2000 by the Prime Minister, the Decision No. 26/2000/QD-BXD dated December 6th 2000 and the Decision No. 1768/QD-BXD dated November 21st 2006 by Minister of Construction in regards to transforming Urban And Industrial Zone Development Investment Corporation into the form of Mother Corporation - Subsidiaries.
 
Being the State Corporation, IDICO has played a major role in the construction and economic development of Vietnam. The name of IDICO has been known as the leading Corporation on development investment of industrial zones; urban &residential areas; hydropower; BOT transport; ports; tourism; hotels; producing of construction materials and execution of civil and industrial projects.
 

The Former President State Tran Duc Luong worked with IDICO

IDICO has subsidiaries operating in provinces and cities such as Dong Nai, Ba Ria Vung Tau, Long An, Dong Thap, Can Tho, Quang Ngai, Ho Chi Minh, Ha Noi, Vinh Phuc... These systems of subsidiaries Companies have ability on construction, finance and experience in the field of investment, construction, consultant, tourism service and building material production...
 
Each company under IDICO has a special strength such as that IDICO-URBIZ always takes the lead in investment development of projects, IDICO-UDICO in power trade, IDICO-INCO No. 10 in execution of industrial and hydropower works, IDICO-INCON in investment consultancy, IDICO-COMATRA in building materials… Especially, Midland Construction Corporation (COSEVCO) becomes the subsidiary of IDICO that operating in accordance with the form of Corporation in Corporation after being agreed to transfer the rights and obligations of the representative of state capital owner by the Ministry of Construction.
 
With the motto “Investment for development”, IDICO have invested and developed projects of industrial zones, urban and residential area, resort, hotel, construction material production, BOT transport, hydropower plant and constructed many high-value projects. All the projects invested, managed and constructed by IDICO always obtain high efficient, high quality, meeting demand of customers and market.
 
Nhon Trach 1 Industrial zone was invested by IDICO
IDICO is the leading investor in developing industrial zones. At present, IDICO is investing, managing and operating 17 industrial zones nationwide with the total area of 10,000 hectares and the investment capital of approximately 10,000 billion VND in provinces such as Dong Nai, Baria Vungtau, Long An, Vinh Phuc, Bac Ninh, Binh Thuan, Ha Noi, Thai Binh…, that includes industrial zones of Nhon Trach I, Nhon Trach 5, My Xuan A, My Xuan B1, Phu My II, Kim Hoa, Cau Nghin …
 
The industrial zones invested by IDICO are constructed the complete technical infrastructure that are interested by investors, so they are occupied quickly. Up to now, they have attracted over two hundred domestic and foreign investors with the investment capital of over UD$ 6,5 billion. That has created job for over 100,000 labors. By investment into industrial zones, IDICO have gained close relationship with domestic and foreign investors as well as valuable experiences so that we can develop successfully industrial zones which are being and will be invested.
 
Srok Phu Mieng Plant in Binh Phuoc Province was invested and operated by IDICO
Except the specific major field in development of industrial zones, IDICO have succeeded in the fields of hydropower and transportation projects which marked trade mark of IDICO for those fields. At present, IDICO is investing and managing the hydropower plants and traffic projects such as:
 
- Four hydropower projects with capacity of 340MW and investment capital of USD 409 million, among which Srok Phu Mieng project in Binh Phuoc province with capacity of 51MW generated power at the end of 2006 and Dak Mi 4 project in Quang Nam province with capacity of 220MW generated power by 2010.
 
- Five traffic projects with investment capital of VND 20,612 billion, among which the project An Suong An Lac route under National Highway No. 1A began its toll operation in 2005, the project of Noi Bai Vinh Yen route under National Highway No. 2 which began its toll operation in 2008. Especially, the BOT project of widening National Highway No. 51 (VND 2,300 billion), Bienhoa Vungtau expressway (approximately VND 17,000 billion) invested by IDICO - the leader among the investors such as Song Da Corporation and the Bank for Investment Development of Vietnam will be constructed in the second quarter of 2009.
 
- Moreover, IDICO is investing and deployed the investment procedures for port projects (Son My deepwater port – Binh Thuan province, My Xuan port – Baria Vungtau province), underground parking at Tao Dan park and high road which has been approved by Hochiminh City People’s Committee for IDICO to develop in next years.
 
Through these projects, IDICO have improved abilities of finance and experiences, especially has formed the active, creative staff with qualified abilities of management, organization of projects. As a result, the trade mark of IDICO is consolidated and firmly available in the market.
 

The Minister of Construction Nguyen Hong Quan awarded competition flag

Besides the development of projects, IDICO has rich experiences in construction of civil and industrial works, traffic, irrigation, hydropower, electricity, water... In recent years, the IDICO has undertaken many great and complex projects. Typical projects are as follows” 
- Thai Nguyen iron and steel area, Go Dam - Bac Thai industrial zone, social cultural works of Thai Nguyen City, Apatite mine and plant in Lao Cai province, hydropower plants of Na Hang, Suoi Cun, Ban Hoang, Srok Phu Mieng, Dak Mi 4 ...;
- Works of Infrastructure of industrial zones and urban zones such as: road, the systems of water and wastewater drainage, water supply plants, substations, wastewater treatment plants
- Thermal electric plants in Thai Nguyen city, works for oil and gas in Baria Vungtau province, social cultural works in provinces such as Baria Vungtau, Dong Nai, HoChiMinh city and western provinces
- Works for developing cement such Ha Tien II cement plant with the capacity of 1.3 million tons per year, Sao Mai cement plant - Cat Lai with the capacity of 1.7 million tons per year; Binh Phuoc cement plant, Ha Tien 2 grinding station in Long An province…
- Plant in industrial zones such as Nhon Trach I, II, III and V; Bien Hoa I and II; My Xuan A, Phu My, Song Than, Binh Chuan,…and other civil works;
- Traffic projects such as Le Hong Phong street, Tran Phu street in Vung Tau city; An Suong An Lac route under National Highway No. 1A, Noi Bai Vinh Yen route under National Highway No. 2… The projects above has operated and has been appreciated to meet high standards by investors and awarded the gold medals for high standard works.
 
IDICO wishes to expand cooperation with partners for investment and development of projects and commerce. IDICO is establishing Southern Real Estate Construction Investment and Trading Group in order to exploit effectively land resource in accordance with the Government’s orientation
 
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Urban and House Development Investment Jointstock Corporation
Nhon Trach 1 Industrial Zone, Nhon Trach District, Dong Nai Province
Visitor: 890,030. Online: 64
Telephone: (061) 356 0614 - Fax: (061) 356 0610 - Email: udico@hcm.vnn.vn
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