PHU BINH INDUSTRIAL PARK, THAI NGUYEN PROVINCE

Phu Binh Industrial Park was established in line with the general planning of the Phu Binh Industrial – Urban – Service Zone until 2040, approved by the People’s Committee of Thai Nguyen Province under Decision No. 1117/QD-UBND dated May 22, 2023. The plan proposed an area of roughly 675 ha to be allocated for industrial land. Subsequently, the project was approved for investment policy under Decision No. 2516/QD-UBND dated June 30, 2025.

With a total investment capital of VND 11,492.463 billion, Phu Binh Industrial Park has a scale of 675 ha. The project implementation schedule is as follows:

Q2/2025: Implementation of investment policy approval/decision procedures
Q2/2025 – Q3/2025: Carry out measurement, inventory, preparation, and approval of compensation, site clearance, and resettlement plans
Q3/2027: Land/factory sublease when eligible
Q3/2030: Completion of construction works

I. Overview of Phu Binh Industrial Park

Below is an introduction to Phu Binh Industrial Park by RSL Group:

Name: Phu Binh Industrial Park
Location: Phu Binh Commune, Kha Son Commune, Tan Thanh Commune, Thai Nguyen Province
Total area: 675 ha
Operation period: 50 years (2025 – 2075)
Occupancy rate: Updating
Permitted industries: High-tech industries, automation, electronics, clean industries, eco-friendly industries, resource-saving industries, promotion of modern technology industries, supporting industries with high added value, and low environmental pollution,etc
Human resources: The population of Thai Nguyen Province exceeds 1.307 million people. The working-age population accounts for about 65%.

II. Location of Phu Binh Industrial Park

Thai Nguyen is a province located in Northern Vietnam with significant potential in the manufacturing industry. The province is home to many large and strongly developed industrial parks, particularly in electronic components manufacturing, attracting major domestic and international investors such as Samsung, Vingroup, Masan, and TNG.

Phu Binh Industrial Park holds a strategic location in the Southeast of Thai Nguyen Province, about 30 km from the provincial administrative center. To the South of the project lies an important external traffic axis connecting with the Hanoi Capital Region’s Ring Road 5 (CT.39), planned as a 6-lane expressway; and it is only 750 m from National Highway 37 leading to Bac Giang.

At the same time, the project is easily connected to the Hanoi – Thai Nguyen Expressway (CT07), National Highway 3: Hanoi – Cao Bang (Vietnam – China border), and other important transport axes in the Thai Nguyen Provincial Planning for the period 2021 – 2030, such as Thai Nguyen Ring Road 2, DT.261D, DT.261E, and DT.269B.

Boundaries

North: Adjacent to agricultural land and residential areas of Tan Hoa and Tan Thanh Communes
South: Adjacent to the Hanoi Capital Region’s Ring Road V
East: Adjacent to agricultural land and residential areas of Tan Hoa and Luong Phu Communes
Northwest: Adjacent to Provincial Road 269B; agricultural land and residential areas of Huong Son Town and Tan Hoa Commune

Transport Connections

Distance to Hanoi Capital Center: 47 km
Distance to Hai Phong Port: 130 km
Distance to Cai Lan Deep-water Port: 150 km
Distance to Lang Son Border Gate: 140 km

III. Infrastructure of Phu Binh Industrial Park

Phu Binh Industrial Park is planned with the following infrastructure:

Technical Infrastructure:

Internal transportation: Main trunk road 41m wide with 6 lanes. Inter-regional roads 25m – 30m wide with 4 lanes. Main roads 23m – 33m wide with 4 lanes.
Power supply system: Construction of a new 110kV Phu Binh 4 substation (110/35/22kV – 3x36MVA) and an industrial park 110kV substation (110/22kV – 63MVA).
Clean water supply system: The main source of clean water for the industrial park will be supplied from the newly built Phu Binh Industrial Park water plant. Designed capacity: 22,000 – 24,000 m³/day.
Wastewater treatment system: Phu Binh Industrial Park wastewater treatment plant with a capacity of 11,400 m³/day. After treatment to Grade A according to QCVN 40:2011/BTNMT, the wastewater will be discharged into the Mang River.
Telecommunication system: Construction of underground fiber optic cables leading from the regional telecommunications exchange to the internal exchange of the industrial cluster, located at the administration – service area and extended to usage areas.
Fire protection system: Fire hydrant system arranged along the main roads in the industrial park.

Service Infrastructure:

Customs: Thai Nguyen Customs Sub-department, 25 km away.
Finance, banking: AgriBank, BIDV, VietinBank, Asia Commercial Bank, SeaBank.
Security: Security force on duty 24/24.
Hospitals: Phu Binh District General Hospital (1 km), Phu Binh District Medical Center, Tan Hoa Medical Station, Tan Duc Medical Station.
Vocational schools: Phu Binh District Vocational Training Center (4 km), Vietnam College of Industry and Trade (2 km), Phu Binh District Vocational Education and Continuing Education Center (4 km).

IV. Investment costs in Phu Binh Industrial Park

Investment costs in Phu Binh Industrial Park will be updated by RSL Group as soon as possible!

V. Investment incentive policies in Phu Binh Industrial Park

Enterprises in Phu Binh Industrial Park will enjoy the following investment incentives:

Corporate Income Tax (CIT): Preferential tax rate of 17% for 10 years (Article 19, Consolidated Document No. 66/VBHN-BTC); Exemption for the first 2 years and 50% reduction of payable tax for the next 4 years (Article 20, Consolidated Document No. 66/VBHN-BTC).
Import and export tax exemption: Applicable to raw materials, supplies, and components that are not domestically produced (if conditions are met) in accordance with the Law on Import and Export Tax and Decree No. 134/2016/ND-CP guiding the Law on Export and Import Taxes.

In addition, manufacturing enterprises in Phu Binh Industrial Park will be supported by the investor in the following procedures:

Assistance with procedures for obtaining the Investment Registration Certificate
Support for post-investment procedures (company seal, tax code registration, recruitment, etc.)
Assistance with procedures for obtaining the Land Use Rights Certificate
Support in registering worker recruitment and management
Provision of office space for lease at preferential rates during factory construction period

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

>> Discover more about potential IPs/ICs in Vietnam here.

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