On the morning of October 12, 2021, IDICO Corporation (HNX: IDC) successfully held the Extraordinary General Meeting (EGM) in 2021 in the online form. The meeting approved important contents bringing many benefits to shareholders: adjusting the business plan, increasing dividend rate in 2021, electing members of the Board of Directors and other contents. Specifically contents are as follows: The meeting approved the adjusted business plan: Increase the total revenue of the holding company in 2021 from 996 billion VND to 1,711.4 billion VND; profit after tax increased from 460.3 billion VND to 1,032.3 billion VND. The dividend rate in 2021 will also be increased from 10% to 40%, including 30% in cash and 10% in shares.
IDICO is having 650-700ha of available clean land fund for lease in industrial parks such as Phu My 2 Industrial Park, Phu My 2 expansion Industrial Park in Ba Ria - Vung Tau province; Huu Thanh Industrial Park in Long An province; Cau Nghin Industrial Park in Thai Binh province; Que Vo 2 Industrial Park in Bac Ninh province. And it is expected that in June 2022, IDICO will add and put into operation ready-built-factories and warehouses for rent in Huu Thanh Industrial Park.
The southern province of Dong Nai is seeking the green light from the government to add new industrial zones (IZs) to Vietnam's IZ Development Planning in 2020 to tap into the post-pandemic investment shift.
As the realities of developing industrial zone in Vietnam, it takes about 05 years to have avialble industrial land fund for lease. Meanwhile, opportunities might mainly focus in 2021-2022, then last until 2025, after the control of the pandemic. So these opportunities perhaps belong to industrial zones of which land fund is available.
Currently, Phu My Town has 9 industrial parks with an area of up to 5,000ha and 261 active projects with a total investment capacity of more than 16.3 billion USD. In which, the prominent industrial parks such as Phu My 2 and Phu My 2 Expansion adjacent to the Cai Mep - Thi Vai port system, with a total area of 1,020ha invested by IDICO Corporation. These two industrial parks have attracted over 20 investors, in which 90% are FDI with a total registered capital of about 3 billion USD and be continuing to attract investment in order to contribute speeding up the development of Phu My Town forward for a seaport city before 2025.