Thang Long Industrial Park II, Hung Yen Province

Thang Long Industrial Park II – Hung Yen province was established on November 17, 2006 with an initial planning area of 219.6 hectares. On April 27, 2011, in official dispatch No. 676/TTg-KTN, the Prime Minister agreed to approve the expansion of Thang Long Industrial Park II with an area of 125.6 hectares. On December 25, 2020, the Prime Minister continued to approve the addition of the expansion of Thang Long Industrial Park II (phase 3) to the development planning of industrial parks in Hung Yen province in Official Dispatch No. 1837/TTg -CN, expanded area is 180.5 hectares.

I. Overview of Thang Long Industrial Park II

RSL Group would like to introduce an overview of the Thang Long Industrial Park II project as follows:

• Name: Thang Long Industrial Park II (Thang Long IP II)
• Location: Yen My commune, My Hao Town, Hung Yen Province.
• Area: 525,7 hectares
• Occupancy rate: 90%
• Operating term: 50 years (2006 – 2056)
• Industry attracting investment: Manufacturing electronic and precision mechanical products; mechanical and electronic industries, traffic machinery, and production of rubber products to serve the automobile industry; light industry, industrial gases; production of drugs, vaccines, and biological products; Optical glass production and high-tech manufacturing industries are encouraged to develop according to the provisions of law; packaging production (excluding paper and cardboard recycling, paper and pulp production)

Thang Long Industrial Park II, when entering the second quarter of 2017, summarized in the report that there were 77 foreign investment projects with a total registered investment capital of 1,840 million USD. Investors in the Industrial Park are mainly investors from Japan, including some large economic corporations such as: Kyocera, Hoya, Nippon, Daikin, Toto, Panasonic, Canon, Yamaha,…

II. Location of Thang Long Industrial Park II

Thang Long Industrial Park II is located in Yen My and My Hao districts of Hung Yen province, a distance of 33 km from Hanoi center, 45 minutes by car. With such favorable traffic conditions, you can recruit qualified employees and engineers living in Hanoi and working here.

In addition, Thang Long Industrial Park II is also located close to National Highway No. 5 – the main artery connecting the key northern provinces: Hanoi – Hung Yen – Hai Duong – Hai Phong, a very favorable condition for operations import and export activities. You can also move to the new National Highway 1, the route connecting China and Thailand. The transportation system is extremely convenient by road and waterway.

• To Hanoi center: 33km
• To Noi Bai International Airport: 48.4 km and Gia Lam airport 24.2 km
• To Hai Phong port: 63 km
• To Cai Lan port: 125km
• To Hanoi station: 55km; To Gia Lam station: 42km
• To Pho Noi textile industrial park.

III. Infrastructure in Thang Long Industrial Park II

– Main road traffic system with two road sides of 13 m, 2 lanes. The branch road in the industrial park is 10.2m wide. Internal traffic is invested synchronously to ensure convenient circulation of large vehicles

– Construction site: The land plot has been processed, ready for factory construction.

– Power network system: The infrastructure developer has built a 110/22kV transformer station (TBT) and a 22kV power distribution system with power source (2 independent 110kV lines from Pho Noi TBT and Kim Dong TBT) with capacity of 25 MVA x2, 63 MVA x2 (Total 176MVA) specifically serving industrial parks and factories. Dual bar power supply system, the most advanced in Vietnam today and the power distribution system uses 22 kV underground cables with connection points to the plots of land.

– Drainage system: Rainwater and wastewater drainage systems are built separately and are treated and discharged in accordance with current state regulations.

– Industrial water supply plant: built with a capacity of 18,000 m3/day with underground water exploited from 16 drilled wells with a depth of 80 m. The maximum amount of water licensed for daily exploitation is 39,000 m3/day based on the estimated consumption of 110 m3/day/ha.

– Wastewater Treatment Plant: according to factory standards meeting QCVN 40: 2011 / BTNMT Column A Current waste treatment capacity (tons/day); Capable of handling 5 criteria BOD, COD, SS, T-P, T-N with a design capacity of 16,000 m3/day and current capacity of 3,000m3/day.

– Fire protection system: The fire prevention and fighting police team is located in the Industrial Park. Water pipes and fire hydrants along the main road and branch roads of the entire industrial park

– Communication: The communication system meets international standards, meeting all requirements fully and quickly for domestic and foreign communication services.

– Other information: The industrial park reserves about 14.3% of the land area for concentrated green tree planting. Pho Noi General Hospital, 1 km from the industrial park, is planned and built in a modern manner to meet the medical treatment and examination needs of industrial park workers.

IV. Investment costs

The operating period is 50 years from the date the Bac Ninh Industrial Park Management Board issued the investment certificate. During the land lease process, investors can transfer or sublease to other investors

• Land rental: 90-95 USD/m2 (with infrastructure, depending on location and lot area)
• Factory rent: 75 USD/m2
• Management fee: 22,000 VND/m2/year (equivalent to 1USD/m2/Year).
• Electricity prices during peak hours and normal hours are according to EVN’s regulations
• Clean water price: 12,300 VND/m3 (equivalent to 0.56 USD/m3/Year).
• Water treatment price (m3): 5,300 VND/m3 (equivalent to 0.24USD/ m3/Year). Input treatment standards: According to regulations of the Industrial Park Output treatment standards: Meet QCVN 40:2011/BTNMT Column A

V. Investment incentives

It is expected that domestic and foreign investors when investing in Thang Long Industrial Park II will enjoy full incentives such as: granting investment certificates, business registration and enjoying a number of incentives such as:

• Corporate income tax: Enjoy 10% tax rate for 15 years and 4 years tax exemption
• Reduction of 50% of tax payable in the next 9 years for income from new investment projects in a number of investment incentive fields according to the provisions of law on corporate income tax.
• Enjoy 17% tax rate and 2-year tax exemption, 50% tax deduction for the next 4 years for new project income in some fields such as: High-quality steel production, economical product production energy; production of machinery and equipment for agricultural, forestry, fishery and salt production; producing refined irrigation equipment, animal and poultry feed, seafood…
• Exemption from corporate income tax for 2 years and a 50% reduction in tax payable for the next 4 years for Enterprises implementing new investment projects in Industrial Parks.
• Regarding import tax: Investment projects in industrial parks are exempt from import tax on imported goods to create fixed assets according to the provisions of the Law on export tax and import tax.

RSL Group – Comprehensive industrial real estate ecosystem
Hotline: 0912.94.93.93 – Ms. Thanh Ha
Website: https://www.rslgroup.vn/
Email: info@redsunland.vn

Source: redsunland.vn