By the end of 2022, in Hung Yen Industrial Parks, there were 514 valid registered secondary investment projects, including 278 foreign-invested projects (total registered capital of more than 5,3 billion USD). and 236 projects with domestic investment capital (total registered capital of more than 33.000 billion VND). For FDI projects in operation, capital comes from major countries such as Japan, Korea, Hong Kong, China...
I. Advantages of investing in Industrial Parks of Hung Yen province
Hung Yen province has many advantages in terms of geographical location, regional connectivity, complete infrastructure, abundant young labor force, attractive investment incentive policies, creating favorable conditions for businesses. Investors pour capital into industrial parks here.
- Geographic location, convenient transportation system
The West and Northwest of Hung Yen province are adjacent to the capital Hanoi, the distance to the city center is about 30km. Besides, the distance from Hung Yen province to important trade areas such as Noi Bai international airport and Hai Phong seaport are 55km and 92km respectively. In addition, Hung Yen province also has easy access to Hanoi - Hai Phong highway and Huu Nghi border gate (200km).
- Complete and modern infrastructure
Regarding railway infrastructure, from Hung Yen to Hanoi station, you can continue to connect railway lines to the Northern and Southern borders, to international border gates. Hanoi - Hai Phong railway connects provinces including Hanoi, Hung Yen, Hai Duong, Hai Phong. Regarding inland waterways, the inland waterway transport route on the Red River and Luoc River has the ability to connect the Northwest provinces to international seaports in Hai Phong and Quang Ninh. Regarding air, from Hung Yen, you can easily access Noi Bai international airport by highway with a time of about 45 minutes.
The province's electric cable system is operating stably. Hung Yen is supplied with electricity from Pho Noi 500kV station (capacity 600 + 900MVA), Pho Noi 220kV station (capacity 2x250MVA), Kim Dong 220kV station (capacity 2x250MVA) and Hai Duong 220kV station (capacity 2x250MVA). Besides, there are 13 110kV stations including Pho Cao, Kim Dong, Lac Dao, Giai Pham, Yen My, Hung Yen, Khoai Chau, Thang Long II, Van Giang, Minh Duc, Minh Hai, Tan Quang, Van Giang 2 with 27 110kV transformer meets current and future load needs.
- Young and abundant labor force
Within a radius of 60km, Hung Yen is adjacent to 5 provinces with a large workforce in the North including Hanoi, Bac Ninh, Ha Nam, Hai Duong and Thai Binh. The province also has a very large labor supply, specifically in the province there are 28 universities and colleges, 65% of trained workers, 25% of skilled workers, low labor costs (250 - 300 USD/month).
- Attractive investment incentives
For industries with special investment incentives including biotechnology, high technology application, research and development, the applicable corporate income tax rate is 10% for 15 years, of which tax exemption is given for the first 4 years. first and reduced by 50% in the next 9 years. For some projects in the fields of electronics, refrigeration, telecommunications, computers, mechanical engineering, automobiles and motorbikes, pharmaceuticals, cosmetics, logistics, the corporate income tax rate is 20%, tax exemption 2 the first year and a 50% reduction in the next 4 years. Some other investment support incentives applied by Hung Yen province include import tax exemption to create fixed assets, infrastructure investment to industrial park fences, support for labor recruitment information, and support for promotion activities. investment, product introduction and labor training.
- Administrative procedures are simple and transparent
Administrative procedures and public services in the province are public, simple, and easy to implement. The Public Administration Center and the One-Stop Department of the Management Board of Industrial Parks are the focal points for handling administrative procedures; interoperable and transparent one-stop mechanism. Electronic One-Stop Information Portal receives applications directly online, publicizing the procedure handling process. Online services include tax declaration and customs declaration.
II. List of Hung Yen Industrial Parks that have come into operation
1. Pho Noi Textile and Garment Industrial Park
Has precursor is Pho Noi B Industrial Park
- Location: Yen My district and My Hao town
- Scale: 121,81 hectares, industrial land area for rent is 93 hectares
- Operation time: until October 06, 10
2. Yen My Industrial Park
Formerly known as Viglacera Yen My Industrial Park
- Location: Yen My district
- Scale: 280 hectares, industrial land area for rent is 204 hectares
- Operation time: until October 30, 05
3. Yen My II Industrial Park
- Location: Trung Hung commune, Trung Hoa, Yen My district
- Scale: 313,5 hectares, industrial land area for rent is 221,83 hectares
- Operation time: until October 02, 06
4. Industrial Park No. 5
- Location: An Thi district and Kim Dong district
- Scale: 192,64 hectares, industrial land area for rent is 143 hectares
- Operation period: until August 18, 08
5. Pho Noi A Industrial Park
- Location: Yen My district, Van Lam district and My Hao town
- Scale: 688,94 hectares, industrial land area for rent is 492,1 hectares
- Operation period: until August 15, 01
6. Thang Long II Industrial Park
- Location: Yen My district and My Hao town
- Scale: 525,7 hectares, industrial land area for rent is 401,42 hectares
- Operation period: until August 16, 11
7. Minh Duc Industrial Park
- Location: My Hao town
- Scale: 198 hectares, industrial land area for rent is 155 hectares
- Operation period: until August 18, 01
8. Minh Quang Industrial Park
- Location: My Hao town
- Scale: 150 hectares, industrial land area for rent is 111,35 hectares
- Operation period: until August 11, 03
9. Clean Industrial Park
- Location: Khoai Chau district and An Thi district
- Scale: 143,08 hectares, industrial land area for rent is 100 hectares
- Operation period: until August 06, 07
III. List of Hung Yen Industrial Parks that are investing in infrastructure construction and preparing to receive investment projects
1. Industrial Park No. 3
- Location: Yen My district, Khoai Chau district and An Thi district
- Scale: 159,71 hectares, industrial land area for rent is 115 hectares
- Operation period: until August 20, 10
Industrial Park No. 3 is being built by the investor with infrastructure and is preparing to receive investment projects.
2. Kim Dong Industrial Park
- Location: Kim Dong district
- Scale: 100 hectares, industrial land area for rent is 74,8 hectares
- Operation period: until August 17, 12
The investor of Kim Dong Industrial Park is carrying out compensation and land recovery procedures
IV. List of Hung Yen Industrial Parks under implementation
The industrial parks in the list below all have investors who are in the process of carrying out related administrative procedures, have not yet cleared the land and invested in infrastructure construction.
1. Industrial Park No. 1
- Location: Yen My district and An Thi district
- Scale: 263,85 hectares
2. Industrial Park No. 6
- Location: An Thi district
- Scale: 308,2 hectares
3. Tho Hoang Industrial Park
- Location: An Thi district
- Scale: 250 hectares
4. Tan A Dai Thanh Industrial Park
- Location: An Thi district
- Scale: 200 hectares
5. Tan Dan Industrial Park
- Location: Yen My district and Khoai Chau district
- Scale: 200 hectares, industrial land area for rent is 143 hectares
6. Ly Thuong Kiet Industrial Park
- Location: Yen My district, An Thi district and Khoai Chau district
- Scale: 300 hectares, industrial land area for rent is 214 hectares
