Binh Giang Industrial Park, Hai Phong province

Binh Giang Industrial Park – Phase 1 was granted its Investment Policy Approval under Decision No. 2286/QD-UBND, initially issued on June 20, 2025 by the former Hai Duong Provincial People’s Committee. Prior to that, the project’s 1/500 Detailed Construction Plan was approved under Decision No. 1149/QD-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 approximately 147.9 hectares. According to the development schedule, construction is expected to commence in Q3 2026, with operations targeted to begin in Q4 2027. Once operational, the park is expected to create approximately 10,000 jobs for local workers. Below is an overview of Binh Giang Industrial Park (IP):

Binh Giang Industrial Park officially broke ground on May 14, 2026, as part of celebrations for major national holidays and the Hai Phong Red Flamboyant Festival 2026.

II. Location of Binh Giang Industrial Park

Binh Giang Industrial Park enjoys a strategic location adjacent to the Binh Giang Toll Plaza on National Highway 5 (NH5). The project is also situated close to the Hanoi–Hai Phong Expressway, providing excellent connectivity to National Highways 5A and 10, airports, seaports, and major economic centers such as Hanoi and Hai Phong.

More importantly, the park forms part of the Hai Phong Special Economic Zone, a planned 5,300-hectare development located in the western area of Hai Phong (south of the Hanoi–Hai Phong Expressway). Within the broader Vietnam–China economic cooperation framework, this special economic zone lies along two major international economic corridors: Nanning – Lang Son – Hanoi – Hai Phong – Quang Ninh, Kunming – Lao Cai – Hanoi – Hai Phong – Quang Ninh. The proposal for establishing this Special Economic Zone has already received in-principle approval from the Government.

Boundaries

• North: Adjacent to the Hanoi–Hai Phong Expressway corridor (Km37+480 to the DT392 intersection)
• South: Hoa Loan River
• East: Provincial Roads DT392 and DT394B
• West: Agricultural land

Transportation connectivity

• Hanoi City Center: 45 km
• Hai Phong Port: 45 km
• Cai Lan Deep-water Port (Quang Ninh): 80 km
• Noi Bai International Airport: 60 km
• Cat Bi International Airport: 75 km
• Lang Son Border Gate: 202 km

III. Infrastructure at Binh Giang Industrial Park

To attract high-quality domestic and international manufacturers, Binh Giang Industrial Park has been planned with modern and integrated infrastructure.

• Internal road network: Grid-pattern road system providing convenient access to every industrial plot.
• Power supply: One 110/35/22kV substation with a capacity of 3 × 63 MVA.
• Water supply: Capacity of 9,400 m³/day.
• Wastewater treatment: Centralized wastewater treatment plant developed in two independent phases, with a total planned capacity of 5,400 m³/day.
• Telecommunications: Advanced ICT infrastructure with high-speed, secure communication networks and reliable data transmission.
• Supporting services: Hai Duong customs branch located 26 km away, financial & banking services: N/A, 24/7 security and fire protection teams, healthcare: Binh Giang general hospital (8 km); Hai Duong general hospital (16 km)

IV. Investment costs at Binh Giang Industrial Park

• Infrastructure management & maintenance fee: USD 0.6/m²/year
• Electricity fee: According to the utility provider’s tariff
• Water supply fee: USD 0.4/m³
• Wastewater treatment fee USD 0.4/m³
• Telecommunications fee: According to the service provider’s tariff

Note: The above fees are for reference only and may vary depending on the developer’s policies and the timing of investment.

V. Investment Incentives at Binh Giang Industrial Park

Companies investing in Binh Giang Industrial Park are eligible for the following incentives:

Corporate Income Tax (CIT)

• Standard CIT rate: 20%
• Tax holiday: 100% exemption for the first 2 years, followed by a 50% reduction for the next 4 years (applicable to projects located outside socio-economically disadvantaged areas).

Certain priority sectors enjoy more favorable incentives:

• High technology, scientific research and development, water supply projects, drainage systems, and software production: 10% CIT for 15 years, 4-year tax exemption, 50% tax reduction for the following 9 years
• Socialized investment projects approved by the Prime Minister (education, vocational training, healthcare, culture, sports, and environmental protection): 10% CIT throughout the project lifetime

Import duty incentives

• Export Processing Enterprises (EPEs)
• Imported machinery, equipment, specialized vehicles, and construction materials not available domestically for forming fixed assets
• Encouraged investment projects, including electronics, electrical products, components, and spare parts (raw materials exempt for the first 5 years of production)
• Imported raw materials, components, and supplies used for export production

Value-added tax (VAT): VAT exemptions are available for:

• Export Processing Enterprises (EPEs)
• Imported machinery, equipment, and specialized production facilities not manufactured domestically.

Profit remittance tax: 0% tax rate on profit remittance abroad.

In addition, the infrastructure developer provides comprehensive support services throughout the investment process, including:

• Assistance with obtaining the Investment Registration Certificate (IRC) and other investment approvals.
• Post-investment administrative support, including company seal registration, tax code registration, and recruitment assistance.
• Support in obtaining the Land Use Rights Certificate.
• Assistance with workforce recruitment and management staffing.
• Office leasing at preferential rates during the factory construction period.

This article highlights Binh Giang Industrial Park 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 for detailed consultation on investment opportunities at Xuan Kien Industrial Park: Free consultation registration form

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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