Binh Giang Industrial Park, Hai Phong city

Binh Giang Industrial Park – Phase 1 received investment policy approval under Decision No. 2286/QĐ-UBND dated June 20, 2025 issued by the People’s Committee of Hai Duong Province. Prior to that, the project’s 1/500 detailed construction planning was approved under Decision No. 1149/QĐ-UBND dated May 14, 2021.

I. Overview of Binh Giang Industrial Park

With a total investment capital of VND 1,755 billion, Binh Giang Industrial Park covers an area of approximately 147.9 hectares. According to the project schedule: construction is expected to commence in Q3/2026, the industrial park is planned to become operational in Q4/2027, the project is expected to create approximately 10,000 jobs for local workers upon operation.

Below is an overview of Binh Giang Industrial Park presented by RSL Group:

Binh Giang Industrial Park officially commenced construction on May 14, 2026, in celebration of major national holidays in April and May and in response to the Red Flamboyant Festival – Hai Phong 2026.

II. Location of Binh Giang Industrial Park

Binh Giang Industrial Park enjoys a strategic location adjacent to the Binh Giang Toll Plaza and National Highway 5. In addition, the project is located near the Hanoi – Hai Phong Expressway to the north, providing convenient connectivity to national highway 10, national highway 5A, airports, seaports, major cities such as Hanoi and Hai Phong

Notably, Binh Giang Industrial Park belongs to the Hai Phong Specialized Economic Zone, located in western Hai Phong city (south of the Hanoi – Hai Phong expressway) with a planned area of approximately 5,300 hectares. Within the Vietnam – China regional economic framework, the specialized economic zone is strategically located along major economic corridors: Nam Ninh – Lang Son – Hanoi – Hai Phong – Quang Ninh, Kunming – Lao Cai – Hanoi – Hai Phong – Quang Ninh. The proposal for establishment of the specialized economic zone has already received in-principle approval.

Boundaries

• North: Adjacent to the Hanoi – Hai Phong expressway corridor from Km37+480 to the intersection with DT392 provincial road
• South: Adjacent to Hoa Loan river
• East: Adjacent to provincial roads DT392 and DT394B
• West: Adjacent to agricultural land

Transportation connectivity

• 45 km to Hanoi city center
• 45 km to Hai Phong port
• 80 km to Cai Lan deep-sea port (Quang Ninh)
• 60 km to Noi Bai International Airport
• 75 km to Cat Bi International Airport
• 202 km to Lang Son border gate

III. Infrastructure of Binh Giang Industrial Park

To attract high-quality domestic and international enterprises, Binh Giang Industrial Park is planned with synchronized and modern infrastructure systems.

Technical infrastructure

• Internal transportation system: The internal road system is planned in a grid layout, ensuring convenient transportation access to every industrial land plot within the park.
• Power supply system: Development of a 110/35/22kV transformer station with a capacity of 3 × 63 MVA inside the industrial park
• Clean water supply system: water supply capacity is approximately 9,400 m³/day
• Wastewater treatment system: The centralized wastewater treatment plant will be developed in two separate phases operating independently. Planned treatment capacity is approximately 5,400 m³/day
• Telecommunications system: Modern and advanced IT infrastructure with high-quality transmission systems ensuring stable communication and data security for enterprises.

Service infrastructure

• Customs services: Hai Duong Customs Sub-Department located approximately 26 km from the project
• Financial and banking services: updating
• Security & fire protection: 24/7 security and firefighting teams on duty
• Healthcare facilities: Binh Giang General Hospital is approximately 8 km away and Hai Duong General Hospital is approximately 16 km away

IV. Investment costs in Binh Giang Industrial Park

• Infrastructure management and maintenance fee: USD 0.6/m²/year
• Electricity price: According to supplier regulations
• Clean water price: USD 0.4/m³
• Wastewater treatment fee: USD 0.4/m³
• Telecommunications charges: According to supplier regulations

Note: The above costs are for reference only and may vary depending on the investor’s policies and market conditions.

V. Investment incentives in Binh Giang Industrial Park

Enterprises operating in Binh Giang Industrial Park are entitled to various attractive investment incentives.

Corporate Income Tax (CIT) Incentives

• Standard Incentive Policy: Preferential tax rate: 20%
• 100% tax exemption for the first 2 years and 50% reduction of payable CIT for the following 4 years. (Applicable to industrial parks located outside socio-economically favorable areas.)

The following sectors may enjoy preferential tax rates ranging from 10% – 20%:

• High technology: scientific research and technology development, water supply and drainage infrastructure projects, software production. Applicable incentives 10% CIT rate for the first 15 years, 100% tax exemption for the first 4 years, 50% tax reduction for the following 9 years
• Socialization projects: projects approved by the Prime Minister in sectors such as: Education and training, vocational training, healthcare, culture, sports, environmental protection are eligible for a 10% CIT rate throughout the project duration.

Import-Export tax incentives

• Export Processing Enterprises (EPEs)
• Machinery, equipment, specialized transport vehicles, and construction materials not yet produced domestically and imported for production lines
• Encouraged investment projects: Electronics, electrical products, and supporting component manufacturing projects (raw material import tax exemption for the first 5 years from commencement of production)
• Imported raw materials, spare parts, and materials used for export production
  Value Added Tax (VAT) incentives

VAT exemptions apply to:

• Export Processing Enterprises (EPEs)
• Imported machinery, equipment, and specialized vehicles not manufactured domestically and used in production lines

Overseas Profit Remittance Tax: Tax rate: 0%

In addition, enterprises operating in Binh Giang Industrial Park receive support from the developer for:

• Investment Registration Certificate application procedures
• Post-investment procedures (company seal registration, tax code registration, recruitment support, etc.)
• Land Use Right Certificate procedures
• Worker and management recruitment support
• Preferential office leasing during factory construction periods

This article highlights Binh Giang Industrial Cluster as a prime investment location for both domestic and international businesses. We believe this information from RSL Group is valuable to our readers.

Discover more about potential IPs/ICs in Vietnam here.

VI. RSL Group – leading investment consulting firm

When a business enters the stage of expanding production or building a new factory, there are numerous factors to consider – from selecting the right location, evaluating technical infrastructure, rental costs, and legal procedures to managing logistics, workforce, and supply chain efficiency.
Partnering with a professional consulting firm from the very beginning helps investors save time, costs, and resources while minimizing potential risks.
With nearly 4 years of experience successfully facilitating over 300 DDI and FDI projects totaling more than USD 4 billion in investment capital, Redsunland (a member of RSL Group) has become one of the leading investment consulting firms in Vietnam’s industrial real estate sector.
Thanks to its comprehensive service ecosystem and team of highly experienced consultants, investors partnering with RSL Group benefit from exceptional advantages:

• Access the most competitive prices in the market, along with attractive investment incentive policies.

• Negotiate directly with industrial park developers on behalf of investors regarding pricing, procedures, and all investment-related matters, while assisting in resolving legal issues and supporting factory design and construction.

• Offer financial solutions with funding packages covering up to 80% of land and machinery value and 100% of factory and working capital costs.

Contact RSL Group today for detailed consultation on investment opportunities at Chau Giang II Industrial Park.

RSL Group – Comprehensive investment promotion solutions

Selecting the appropriate consulting partner is crucial for a successful investment in Vietnam. RSL Group, with an experienced team, extensive property portfolio, and comprehensive service ecosystem, is dedicated to providing optimal investment solutions for our clients.

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