Phu Ninh Industrial Park, Phu Tho province

Phu Ninh Industrial Park was added to the Master Plan for Vietnam’s Industrial Parks through 2020 under Decision No. 1107/QD-TTg dated August 21, 2006 issued by the Prime Minister. Originally, the project was planned as an expansion of Tu Da Industrial Cluster, developed by Vietnam–Korea Joint Stock Company. After the 33-hectare industrial cluster achieved a 70% occupancy rate within just three years, the developer proposed expanding the project by more than 66 hectares to the south, forming what is now Phu Ninh Industrial Park.

On June 23, 2025, the Phu Tho Provincial People’s Committee approved the 1/2,000 Zoning Master Plan for Phu Ninh Industrial Park under Decision No. 1462/QD-UBND. Subsequently, the project received its Investment Policy Approval under Decision No. 168/QD-UBND dated January 19, 2026.

I. Overview of Phu Ninh Industrial Park

Phu Ninh Industrial Park covers a total area of 409.23 hectares, including approximately 400 hectares designated for industrial development, of which 268.07 hectares are allocated for factories and warehouses. The remaining area is reserved for transportation infrastructure and road restoration works. The total investment capital amounts to VND 2,559.921 billion, including VND 386 billion in investor equity and over VND 2,173 billion financed through loans and other legitimate funding sources.

Below is an overview of Phu Ninh Industrial Park by RSL Group:

Phu Ninh Industrial Park is expected to break ground on Vietnam’s National Day (September 2, 2026), commence partial operations in Q4 2026, and complete the entire project by Q4 2030.

I. Location of Phu Ninh Industrial Park

Phu Ninh Industrial Park enjoys excellent multimodal transportation connectivity, integrating road, railway, and inland waterway transport. By road, the project is located adjacent to the Au Co–Doan Hung Road (Provincial Road 318C), providing direct access to the Noi Bai–Lao Cai Expressway (CT.05) via IC7 (16 km away) and IC9 (8 km away). By rail, the project lies along the planned Lao Cai–Hanoi–Hai Phong High-Speed Railway, which officially commenced construction in December 2025. For inland water transport, the project is only a 15-minute drive from An Dao Inland Port, capable of accommodating vessels of up to 3,000 tons.

Boundaries

• North: Adjacent to Tri Quan residential area
• South: Adjacent to Gia Thanh residential area
• East: Adjacent to Ha Giap residential area
• West: Adjacent to Bao Thanh and Phu Loc residential areas
• Southwest: Adjacent to Provincial Road 323G and the planned Au Co–Doan Hung Road
• Northwest: Adjacent to Provincial Road 323D

Transportation connectivity

• National Highway 2: 5 km
• Trans-Asia Highway: 6 km
• Phu Duc railway station (Hanoi–Lao Cai Railway): 10 km
• Viet Tri Red river inland port: 10 km
• Phu Tho provincial administrative Center: 11 km
• Noi Bai international airport: 70 km
• Hanoi city center: 75 km
• Gia Binh International airport (planned): 120 km
• Lao Cai border gate: 190 km
• Thanh Thuy border gate: 210 km
• Cat Bi International Airport: 218 km
• Hai Phong port: 220 km

III. Infrastructure at Phu Ninh Industrial Park

As of June 2026, only approximately 1.15% of the project’s total land area had completed compensation procedures, while the planned groundbreaking area had not yet completed site clearance.

Power supply

• Estimated electricity demand: 133,818 kVA, power supplied from the national grid via two 110/22kV substations: Phu Ninh 3 substation: 3 × 63 MVA, Phu Ninh 2 substation: 2 × 40 MVA
• New 22/0.4kV substations (160–560 kVA each) will be constructed throughout the project. The existing 35kV transmission line crossing the site will be relocated and reconstructed.

Water supply

• Total water demand: 9,200 m³/day, internal water treatment plant capacity: 9,200 m³/day. Irrigation and road-cleaning water will utilize recycled water from within the industrial park.
• Domestic and firefighting water during Phase 1 will be supplied from Le My Water Plant.

Wastewater treatment

• Total wastewater discharge: 6,500 m³/day, construction of a centralized wastewater collection system using D400 pipelines along internal roads.
• Two centralized wastewater treatment plants will be developed in separate phases, with a combined capacity of 6,500 m³/day.

Telecommunications

• Estimated communication demand: 5,846 subscriber lines. Telecommunications infrastructure will connect to the Phu Ninh District Communication Center.
• Underground backbone, distribution, and service cable systems will be installed beneath sidewalks and roadways before connecting to each development parcel.
• Wireless communications, advanced telecommunications technologies, and cable television systems will be developed by secondary investors during later project phases.

Supporting facilities

• Service infrastructure: Internal parking facilities and security services, regional general hospital: 15 km, Phu Tho provincial general hospital: 20 km, Vietcombank branch and customs office located within the provincial administrative center
• Social infrastructure: Phu Ha urban area is located approximately 8 km from the industrial park.

IV. Investment costs at Phu Ninh Industrial Park

Investment costs at Phu Ninh Industrial Park will be updated by Redsunland as soon as official information becomes available.

V. Investment incentives at Phu Ninh Industrial Park

Companies investing in Phu Ninh Industrial Park are entitled to the following Corporate Income Tax (CIT) incentives: preferential CIT rate of 17% for the first 10 years, 100% CIT exemption for the first 2 years, 50% reduction of payable CIT for the subsequent 4 years

In addition, the industrial park developer provides a One-Stop Investment Service, offering comprehensive guidance and administrative support throughout the entire investment process, ensuring a smooth and efficient project implementation for investors.

This article highlights Phu Ninh 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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