Yen Lu Industrial Park, Bac Giang Province

On February 23, 2021, the Prime Minister issued document No. 216/Ttg-CP agreeing with the proposal of the Ministry of Planning and Investment, in adjusting and supplementing the planning of industrial parks in Bac Giang province; including the new establishment of Yen Lu industrial park. Accordingly, Yen Lu Industrial Park was established under Decision No. 29/QD-UBND of Bac Giang province dated January 12, 2022 with an area of 377 hectares with a total investment capital of nearly 2,700 billion VND.

I. Overview of Yen Lu Industrial Park

RSL Group would like to introduce an overview of the Yen Lu Industrial Park project as follows:

• Name: Yen Lu Industrial Park (Yen Lu IP)
• Location: Yen Lu commune, Yen Dung district, Bac Giang province
• Area: 377 hectares
• Occupancy rate: 5%
• Operating term: 50 years (2021 – 2071)
• Industries attracting investment: Prioritizing processing industry, manufacturing high-tech, environmentally friendly technology,…

II. Location of Yen Lu Industrial Park

Yen Lu Industrial Park is located on National Highway 17, very conveniently connected to the airport, seaport, and major city centers such as Hanoi and Bac Ninh via National Highway 1A and National Highway 18. This is evaluated as a prime traffic location, with high connectivity to areas in the economic region. Specifically :

• To Hanoi city: 55km
• To Bac Ninh city: 12km
• To Noi Bai airport: 45km
• To Hai Phong port: 100km
• To Cai Lan port: 95km
• To Huu Nghi Viet Trung border gate: 130km

III. Infrastructure in Yen Lu Industrial Park

Yen Lu Industrial Park was newly established, with a large planned industrial land fund of up to 377 hectares, oriented as an industrial park focusing on developing high-tech, environmentally friendly industries, so in the future it will be synchronously build modern infrastructure to meet development goals. According to the planning project of Decision No. 706/UBND, the infrastructure of Yen Lu Industrial Park will be built with the following parameters:

Traffic roads: 55m external road, 38m internal road;

Power supply system: According to the agreement of Bac Giang Electricity Company in document 1405/PCBG-P4, in the industrial park, land will be arranged to locate the 110/22kv Yen Lu station (2x63MVA) with power from Bac Ninh and station 220/ 110kv Yen Dung + 110/22kv Yen Lu 2 station (2x63MVA) to supply power to Yen Industrial Park and surrounding areas. The total power supply capacity for the industrial park is about 86.6MVA.

Water supply system: Water supply for the planning area comes from the water supply plant of Nam Son Trading and Construction Joint Stock Company. In the future, it is possible to use water from DNP Bac Giang clean water plant, total capacity of 60,000m3/day and night. Pipelines are installed along the internal roads of the area; On the routes, place stop valves to facilitate management.

Drainage system: includes a completely separately designed rainwater and wastewater drainage system with a treatment station with a capacity of up to 12,000m3/day and night located right in the technical infrastructure area of the industrial park.

Wastewater drainage system: Domestic wastewater and production wastewater in industrial factories are treated locally before being discharged into the general sewer system, then brought to the treatment station located on the land. Infrastructure. Wastewater must be treated to class A according to regulations and then discharged into the storm water drainage system.

Fire protection: Automatic fire protection system

Telecommunications system: Full telephone system, internet network

Green tree planning: 15%

Advantages of labor:

• Yen Lu Industrial Park is located in an area with abundant labor resources and relatively cheap labor costs.
• According to data from the General Statistics Office, as of 2019, the population of Bac Giang province is about 1.85 million people, of which the population of Yen Dung district is about 200,000 people. More than 2/3 of them are people of working age. It is forecasted that in the coming years the number of workers will continue to increase.

IV. Investment costs

Currently, Yen Lu Industrial Park is in the implementation phase, and will soon be put into operation.

Land rental costs will be very competitive compared to industrial parks in the area.

The expected rental price is about 88 USD/m2/lease term (50 years).

The costs of management fees, infrastructure maintenance, electricity and water costs are decided by the Industrial Park Management Board and the People’s Committee of Bac Giang province.

Labor costs are also relatively cheap, Yen Dung district, Bac Giang province is located in an area with labor salary zone 3 with a minimum salary of 3,430,000 VND/month. Very competitive compared to neighboring provinces.

V. Investment incentives

Apply a lower corporate income tax rate than the normal tax rate for a term or the entire duration of the investment project, corporate income tax exemption and reduction.

Exemption from import tax for goods imported to create fixed assets; raw materials, supplies and components to implement investment projects.

Exemption or reduction of land rent, land use fees, and land use 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