Ninh An Industrial Cluster, Hung Yen province

Ninh An Industrial Cluster was established under Decision No. 1257/QD-UBND dated June 21, 2023, issued by the former Thai Binh Provincial People’s Committee. The project’s 1/500-scale Detailed Planning was approved under Decision No. 3099/QD-UBND dated September 27, 2023. Subsequently, Ninh An Industrial Cluster received investment policy approval together with investor approval under Decision No. 74/QD-UBND dated December 15, 2023, issued by the Thai Binh Provincial People’s Committee.

I. Overview of Ninh An Industrial Cluster

With a total investment of nearly VND 680 billion, Ninh An Industrial Cluster covers an area of 74 hectares, of which 52.15 hectares are designated for industrial development, accounting for 70.5% of the total area. The project officially began offering industrial land for lease in October 2026.

Below, RSL Group provides an overview of Ninh An Industrial Cluster:

INDICATOR	INFORMATION
Project name	Ninh An Industrial Cluster
Location	Vu Quy commune, Hung Yen province (formerly Kien Xuong district, Thai Binh province)
Total area	74 ha
Operating term	50 years (2023–2073)
Occupancy rate	0% (October 2026)
Priority industries	Mechanical engineering and electronics; textiles, garments and footwear; agricultural, forestry and seafood processing; consumer goods and export-oriented manufacturing; pharmaceuticals and medical equipment; supporting industries
Key transportation connectivity	Coastal expressway corridor and National Highway 37
Construction regulations	Maximum building density of 70%, with factory buildings ranging from 1 to 5 storeys
Labor availability	The surrounding area has a population of approximately 250,000, providing access to a large, stable local workforce. With relatively few competing industrial parks and clusters nearby, businesses may benefit from easier recruitment, improved employee retention, and competitive labor costs.

II. Location of Ninh An Industrial Cluster

Ninh An Industrial Cluster is strategically located near the center of the former Thai Binh city, with direct access to the coastal transportation corridor connecting Quang Ninh, Hai Phong, Thai Binh, Nam Dinh, and Ninh Binh. Its convenient connectivity to Hai Phong port provides significant advantages for export-oriented manufacturers, facilitating cargo transportation and improving access to domestic and international markets.

Transportation connectivity

National Highway 39B: 300 m
Ninh Binh – Hai Phong Expressway and National Highway 37: 0 km
Coastal road: 8 km
Former Thai Binh city center: 13 km
Hai Phong city: 84 km
Hai Phong port: 93 km
Hanoi city center: 113 km

III. Infrastructure of Ninh An Industrial Cluster

Ninh An Industrial Cluster is planned with the following technical infrastructure:

Internal road system: The internal road network is designed with roadbed widths ranging from 5 to 32.5 meters, a total length of approximately 6,805 meters, and a total road area of approximately 114,067.7 m².
Wastewater treatment system: centralized wastewater treatment plant: Designed with a treatment capacity of 3,000 m³/day and automatic wastewater monitoring system: Continuous monitoring of wastewater discharge to support environmental compliance. Odor treatment system: A dedicated odor treatment system serving the centralized wastewater treatment plant, with a capacity of 1,250 m³/hour.
Emergency retention pond: Designed with a storage capacity of 6,928 m³ to accommodate wastewater in the event of treatment system failures or other emergencies.
Solid waste management system: Hazardous waste storage facility: A dedicated hazardous waste storage area covering 15 m². Domestic and non-hazardous solid waste collection area is a covered collection and temporary storage facility with an area of 35 m².
Social infrastructure and services: The nearby Phu Xuan Damsan Urban Area and Social Housing Project provides housing options for industrial workers, supporting workforce stability and long-term employee retention.

IV. Investment costs at Ninh An Industrial Cluster

Infrastructure management fee: To be updated
Electricity tariff: In accordance with EVN’s applicable regulations
Clean water tariff: VND 12,000/m³
Wastewater treatment fee: In accordance with the service provider’s applicable rates

Note: The above fees are subject to change depending on the project developer’s policies and the applicable rates at the time of investment.

V. Investment incentives at Ninh An Industrial Cluster

Enterprises investing in Ninh An Industrial Cluster are offered the following investment incentives:

Land rental exemption: exemption from land rental payments for the first 7 years from the date of signing the lease agreement.
Corporate income tax (CIT) incentives: a 100% CIT exemption for the first 2 years, followed by a 50% CIT reduction for the subsequent 4 years, providing a total preferential tax period of up to 6 years.

This article highlights Ninh An 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.

V. 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.

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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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