General information
Lien Ha Thai Industrial Park (Green IP – 1) in Thai Binh province has the full name of Lien Ha Thai Industrial – Urban – Service Park (GREEN iP – 1) Northern subdivision, approved for investment policy. according to Decision No. 180/QD-TTg dated February 08, 02 of the Prime Minister and established according to Decision No. 2021/QD-UBND dated February 464, 17 of the People's Committee of Thai Binh province.
Lien Ha Thai Industrial - Urban - Service Park The North Subdivision is planned to be part of the Thai Binh Economic Zone planning in Thuy Lien commune and Diem Dien town, Thai Thuy district, Thai Binh province with a total area according to planning is 807,88 hectares, of which the Industrial Park land area is 588,84 hectares, the Urban Area land area is 219,04 hectares. Playing the role of the first industrial park in Thai Binh Economic Zone, Lien Ha Thai Industrial Park is planned as a multi-industry integrated industrial park, high-tech industry, causing little environmental pollution.
General information
- Name: Lien Ha Thai Industrial Park - Thai Binh
- Investor:Green I – Park Joint Stock Company
- Scale: 588.84 Ha
- Fill rate: 18%
- Infrastructure rental price: 90 USD/m2/until 2071 (rate does not include VAT).
- Industry attracting investment: Electricity, electronics, information technology industry; Mechanical manufacturing, consumer goods production; Food and beverage production...
Geographical location
With its location in Diem Dien Town, Thai Thuy district, Green iP -1 Industrial Park has extremely convenient traffic and regional connectivity.
Regarding regional connectivity, Green iP-1:
- 40 km from Lach Huyen International Port
- 35 km from Cat Bi International Airport
- 36 km from Hai Phong city center
- 30 km from Thai Binh City Center
- 130 km from Hanoi City Center
About traffic: Lien Ha Thai Industrial Park is located adjacent to the coastal highway, coastal road and provincial roads 456, National Highway 37, National Highway 39...
Infrastructure system at Lien Ha Thai Industrial Park - Thai Binh
The infrastructure at Green iP – 1 is planned and built synchronously, meeting the needs of investors, specifically:
About the power supply system: The power source produced in the Industrial Park is guaranteed by two 110KV/22KV - 63 MVA transformer stations. The 22KV line will be connected directly to the factory fence of investors operating in the Industrial Park.
About the water supply system: Lien Ha Thai Industrial Park plans to build a water treatment plant with a capacity of 25.000 m3/day and night, meeting the demand for production water for factories operating in the Industrial Park.
About the wastewater treatment system: Wastewater from factories in the industrial park will be treated by a centralized wastewater treatment station with a capacity of 15.000 m3/day and night.
Internal road system and trees invested synchronously and meticulously
Social infrastructure service system
With the goal of building a complete and prosperous industrial - urban - service park, Lien Ha Thai Industrial Park is planned to include functional subdivisions in addition to the production industrial land area, including such as housing for experts and workers to solve the problem of stability for experts and workers, serving well the production activities of factories operating in the industrial park. On the other hand, with its location in the center of the bustling town of Diem Dien, near cultural and political centers, it will help entertainment, recreation, and consumption activities have opportunities to develop.
Current status attracts investors to participate
Currently, Lien Ha Thai Industrial Park is in the process of completing its infrastructure and has attracted the first investors, including a few typical projects such as the Lotes Factory Investment Project. Thai Thuy Vietnam of LOTES Vietnam Co., Ltd. with the goal of producing ram connection pins, connection cables for computers and electronic devices, and connector devices with the goal of supplying corporations such as Intel, Sam Sung, Sony... with a total registered investment capital of 120 million USD.
Greenworks Thai Binh Vietnam factory project of Greenwork Co., Ltd. with a total registered investment capital of 200 million USD with the goal of producing garden equipment.
In addition, currently the Industrial Park has also signed principle agreements with a number of investors on land leasing, for example, Nam Tai Group Company has signed a principle agreement on leasing a 42-hectare land fund for Project investment has a capital scale of about 100 million USD.
Investment costs at Lien Ha Thai Industrial Park - Thai Binh
- Infrastructure usage fee: 90 USD/m2/until 2071 (rate does not include VAT).
- Annual land rental: Investors renting land in Lien Ha Thai Industrial Park will be exempted from annual land use fees for 15 years from the time of land lease. After the exemption period expires, the annual land rent will be applied according to the regulations of the Provincial People's Committee at that time.
- Management fee: 10.000 VND/m2/year (equivalent to 0,434 USD/m2/year)
- Water supply fee: 12.000 VND/m3 (equivalent to 0,52 USD/m3)
- Cost of wastewater treatment: 10.000 VND/m3 (equivalent to 0,434 USD/m3). The amount of wastewater is calculated as 80% of the amount of clean water used
- Electricity supply price: Applicable according to EVN's electricity supply tariff. Specific reference: from 1.007 VND - 2.871 VND/KWh
- *Note: The above prices and fees do not include VAT and may change at the time of rental.
Incentives when investing in Lien Ha Thai Industrial Park - Thai Binh
Enjoy tax incentives in the Economic Zone
Because it is located in Thai Binh Economic Zone Planning, Green iP -1 Industrial Park fully enjoys tax incentive policies. Specifically, production investment projects in Lien Ha Thai Industrial Park will enjoy incentives:
Preferential corporate income tax rate: 10% within 15 years (normal tax rate is 20%)
In which: 100% exemption of tax payable within the first 04 years, 50% reduction of tax payable in the next 09 years.
The incentive period is from the time the enterprise has taxable revenue or from the fourth year of operation (whichever comes first).
This is considered to be the highest tax incentive that a business can enjoy.
Abundant and stable labor source, low labor costs
Thai Binh is the province with the 11th largest population in Vietnam. If considered specifically in the Northern region, Thai Binh province has the fourth largest population with 1,942 million people. This gives Thai Binh province in general and Lien Ha Thai Industrial Park in particular an extremely large labor force. Furthermore, due to agricultural traditions and difficult socio-economic areas, the average income per capita is still low. Thai Binh province belongs to region IV, an area with a regional minimum wage set at the shortest. According to regulations as of 2021, the regional minimum wage for the area where Lien Ha Thai Industrial Park is located is about 3.070.000 VND/person/month (equivalent to 133,5 USD/person/month, not including other expenses). allowances and insurance). The average salary including allowances in this area is about 200 USD/person/month.
