On January 21, 1, Deputy Prime Minister Tran Hong Ha signed Decision No. 2025/QD-TTg officially approving Song Mai - Nghia Trung Industrial Park (IP) in Bac Ninh province. With a total area of 198 hectares, synchronous infrastructure and sustainable development orientation, this is considered one of the strategic projects to help Bac Ninh welcome the wave of green industrial investment in the new period.
The investor – Hanoi – Bac Giang Industrial Park Infrastructure Investment Joint Stock Company said it will orient the development of Song Mai – Nghia Trung to become a new generation industrial park, meeting international technical standards while prioritizing environmentally friendly solutions.
The technical infrastructure here is invested synchronously with the 110kV power station with a capacity of 2×63MVA, capable of integrating renewable energy sources in some areas. The wastewater treatment plant is designed with a capacity of 8.000 to 18.000m³ per day, applying modern Anoxic – Oxic (AO) technology, ensuring strict discharge standards. In parallel, a clean water supply system with a capacity of 9.800m³/day is deployed to ensure a stable supply for the entire industrial park.
Green space and public utility systems account for a large proportion in the planning, contributing to building a healthy working environment, towards the goal of green and sustainable industrial development.
Bac Ninh - point come welcome capital flows
Located on the industrial belt connecting Hanoi - Bac Ninh - Hai Phong - Lang Son, Song Mai - Nghia Trung Industrial Park possesses outstanding regional connectivity. Enterprises here only need 55km to reach Noi Bai airport, 60km to Hanoi, 110km to Huu Nghi border gate and 130km to Hai Phong port. At the same time, the project is located near large industrial parks such as Quang Chau, Van Trung, Song Khe - Noi Hoang and leading FDI corporations such as Foxconn, Luxshare ICT, Samsung..., creating opportunities to effectively utilize the available industrial ecosystem.
While Bac Ninh industrial parks are filling up quickly and land rental prices are constantly increasing, Song Mai – Nghia Trung has the advantage of clean land and competitive costs. This is an opportunity for the province to welcome a wave of investors looking for new destinations.
Cost and policy advantages
Land rental prices in Song Mai – Nghia Trung are expected to be significantly lower than in many neighboring areas. In addition, the project also enjoys preferential policies such as:
Corporate income tax: Apply a preferential tax rate of 17% for 10 years and enjoy tax exemption and reduction incentives of tax exemption for the first 2 years and 50% reduction for the next 4 years. For high-tech enterprises, a preferential tax rate of 10% for 15 years is applied, and the tax exemption and reduction period is tax exemption for the first 4 years and 50% reduction for the next 9 years.
Investors are also exempted from import tax on imported raw materials, supplies, and components for the production of export goods; imported goods to create fixed assets including construction materials that cannot be produced domestically; machinery and equipment; components, details, separate parts, and spare parts for synchronous assembly or synchronous use with machinery and equipment; raw materials and supplies used to manufacture machinery and equipment or to manufacture components, details, separate parts, and spare parts of machinery and equipment...; and exempted from land tax for up to 11 years for many industries.
Industrial land rental prices in Bac Ninh have increased sharply due to limited land funds, while the province still has a large room for development. With cost advantages and modern infrastructure, Song Mai – Nghia Trung is a bright destination for investors.
Catching the green industry wave – a driving force for inter-regional growth
Experts believe that with its green production orientation, Bac Ninh will have an advantage when multinational corporations restructure their supply chains. Song Mai – Nghia Trung will not only help Bac Ninh catch the FDI wave, but also create a driving force for inter-regional growth, complement Bac Ninh industry and reduce pressure on areas with overloaded infrastructure.
The appearance of Song Mai – Nghia Trung Industrial Park affirms Bac Ninh's strategic move in seizing opportunities from the green industrial investment trend, contributing to making the locality a new high-tech industrial center of the North.
Source: Dan Tri Newspaper
