1. Project overview and legal information
Bim Son Industrial Park is one of eight industrial parks included in Vietnam’s industrial park development plan until 2015, with a vision to 2020, approved by the Prime Minister under Decision No. 1107/QD-TTg dated August 21, 2006. Simultaneously, this industrial park is also included in the revised industrial park development plan of Thanh Hoa province until 2020, as per Official Letter No. 2269/TTg-KTN dated November 13, 2014. The project’s objective is to build and develop a concentrated, multi-sector industrial park.
Specifically, Bim Son B Industrial Park is invested in by HUD4 Construction Investment Joint Stock Company. The project was initially granted Investment Registration Certificate No. 26221000040 on September 24, 2008, and subsequently amended on May 5, 2015. The total investment capital for the project reached VND 547 billion, of which approximately VND 380 billion has already been disbursed.
Below is some general information about Bim Son B Industrial Park:
- Name: Bim Son B Industrial Park – Thanh Hoa
- Scale: 216.29 hectares
- Location: Km 289, National Highway 1A, Bim Son town, Thanh Hoa province, Vietnam
- Operating period: 50 years (2008 – 2058)
- Occupancy rate: approximately 70%
- Investment sectors: textiles, footwear, automobile manufacturing and assembly, mechanical engineering, production of high-grade building materials, steel structures, electronics, high technology, processing of agricultural and forestry products for export…
2. Transportation connections of Bim Son B Industrial Park
Bim Son B Industrial Park is located along National Highway 1A, in the area bordering Thanh Hoa and Ninh Binh provinces. Thanks to this location, the industrial park has many advantages in trade, goods transportation, and convenient connections with major economic centers such as Hanoi, Hai Phong, and Quang Ninh, especially effectively serving import and export activities.
Distance:
- Distance from Thanh Hoa Airport: 40 km
- Distance from Hanoi city center: 110 km
- Distance from Noi Bai Airport: 140 km
- Distance from Hai Phong Port: 100 km
- Distance from Nghi Son Deepwater Port: 95 km
3. Infrastructure system
The Thanh Hoa Customs Office is located right within the industrial park, allowing businesses to complete procedures quickly and conveniently on-site.
- Fire Prevention and Fighting: Bim Son B Industrial Park is equipped with a comprehensive fire prevention and fighting system, strictly adhering to current state standards and regulations. Fire hydrants are installed along internal roads at an average distance of 150m each, ensuring timely and effective response throughout the park.
- Environment and Greenery: The industrial park dedicates approximately 30.5 hectares to green spaces, accounting for 11.8% of the total area. Green areas are harmoniously arranged between concentrated green spaces and along internal roads, contributing to a pleasant landscape and a friendly working environment.
Infrastructure system of Bim Son B Industrial Park – Thanh Hoa
4. Investment incentives
General Incentives:
- Incentive policies are applied according to current Vietnamese law.
Special Incentives:
- Enterprises investing in Bim Son B Industrial Park are exempt from land lease fees for 3 years or more according to the policy of the Thanh Hoa Provincial People’s Committee.
- Exempt from corporate income tax for the first 2 years, and a 50% reduction in tax payable for the following 4 years.
- Exempt from import tax on goods used to form fixed assets of the project.
- Exempt from import tax on specialized transport vehicles used in the production line.
- Within 5 years from the date the project officially commences operation, enterprises are exempt from import tax on raw materials, supplies, and semi-finished components that are not produced domestically or do not meet quality standards.
