DINH HUONG INDUSTRIAL PARK - NORTHWEST TRAIN STATION
Province
Thanh Hoa
Occupancy Rate
100%
Area
202.57 hectares
Lease Price
80 USD/m2
The Dinh Huong – Tay Bac Ga Industrial Park was established by Decision No. 913/QD-UBND dated March 21, 2013, of the Thanh Hoa Provincial People’s Committee, based on the merger of Tay Bac Ga Industrial Park and Dinh Huong Industrial Park, and the addition of the remaining area of lots CH1, CN27, and KH3 belonging to the high-grade quartz electronic chip factory project. Specifically:
Tay Bac Ga Industrial Park Phase 1: 121.71 ha (100% occupancy rate)
Tay Bac Ga Industrial Park Phase 2: 49.55 ha (87% occupancy rate)
Dinh Huong Industrial Park: 28.85 ha (100% occupancy rate)
Currently, the total area of the Dinh Huong – Tay Bac Ga Industrial Park has been adjusted to 202.57 ha, with an occupancy rate exceeding 90%. The project is directly managed by the Nghi Son Economic Zone and Industrial Parks Management Board.
Recently, the People’s Committee of Thanh Hoa province also approved the plan for selecting contractors for the project to survey and adjust the detailed construction planning at a scale of 1/500 for this industrial park, according to Decision No. 3714/QD-UBND dated September 23, 2021.
Dinh Huong Industrial Zone – Northwest Station – Thanh Hoa
Details
Industrial park name
Dinh Huong Industrial Park – Northwest Ga – Thanh Hoa
Location
Dong Cuong Commune, Dong Tho Ward, Thanh Hoa City, Thanh Hoa Province
Total area
202.57 hectares
Land rental price
80 USD/m2
Construction density
60%
Occupancy rate
100%
Infrastructure information
Electrical system
Electricity is supplied from the national power grid, fully meeting the necessary conditions for businesses in the Dinh Huong – Tay Bac Ga Industrial Park to operate.
Water system
8,400 m3/day.
Sewage system
Transportation system
The main road system is 21m wide. The branch road system is 16m wide.
1. Project overview and legal information
Below is an overview of the Dinh Huong – Tay Bac Ga Industrial Park, as presented by AVA Consulting:
Name: Dinh Huong – Tay Bac Ga Industrial Park
Location: Dong Cuong Commune, Dong Tho Ward, Thanh Hoa City, Thanh Hoa Province
Labor resources: The Dinh Huong – Tay Bac Ga Industrial Park is located in Thanh Hoa City, belonging to Zone III according to wage zoning, with the current minimum wage being VND 3,430,000/month. Thanh Hoa Province has a population of approximately 3.4 million people, of which more than 60% are of working age. In addition, the local education and training system is well-developed, contributing to a plentiful supply of human resources that adequately meets the quantitative and qualitative needs of investing businesses.
2. Costs and incentives for land lease in Dinh Huong Industrial Park – Northwest Ga
Industrial infrastructure and service fees: approximately US$0.35/m²/year, collected annually.
Electricity prices: Applied according to the State’s tariff schedule for voltage levels from 22KV to under 110KV, including:
Normal hours: VND 1,243/kWh
Off-peak hours (night): VND 783/kWh
Peak hours: VND 2,263/kWh
Clean water price: VND 8,000/m³, payable monthly.
Telecommunications and other service fees: Including telephone, internet, and related utilities, calculated based on the actual usage of the business.
Note: All fees above do not include Value Added Tax (VAT) as per current regulations.
Businesses in the Dinh Huong – Tay Bac Ga Industrial Park enjoy the following investment incentives:
Corporate Income Tax (CIT):
Newly established businesses in the industrial park with projects in the high-tech or software sectors, as defined by regulations, will be subject to a preferential tax rate of 10% for 15 years; they will also be exempt from tax for the first 4 years and receive a 50% reduction in tax payable for the following 9 years.
For large-scale high-tech projects with special investment-attracting characteristics, the 10% tax rate may be extended, up to a maximum of 30 years. After the preferential period ends, the applicable CIT rate will be 25%.
The tax incentive period is determined from the first year the business generates taxable income. In cases where no taxable income is generated within the first three years after revenue is achieved, the tax exemption/reduction period will be calculated from the fourth year.
Value Added Tax (VAT):
VAT exemption applies to imported goods that are raw materials and supplies used in the production and processing of export goods under contracts signed with foreign partners.
Import Tax:
Import tax exemption applies to machinery and equipment used to form fixed assets, including:
Production machinery and equipment
Imported raw materials and supplies for manufacturing machinery and equipment in the production line
Components, spare parts, molds, and accompanying accessories
Specialized transport vehicles in the production line or vehicles for transporting workers with 24 seats or more
Construction materials not yet produced domestically
Export tax exemption applies to imported raw materials and supplies used in the production of export goods.
In addition, for projects in the category of specially encouraged investments (such as mechanical engineering, electronics, component manufacturing, etc.), businesses are also exempt from export tax on raw materials for a period of 5 years from the start of production.
Tax on international transactions:
Transfers of money abroad are exempt from tax according to current regulations.
Factory system in Dinh Huong Industrial Park – Northwest Ga
3. Geographical location of Dinh Huong Industrial Park – Northwest of the train station
The Dinh Huong – Tay Bac Ga Industrial Park is located right next to National Highway 1A, in the northern part of Thanh Hoa city and near the urban center. With its prime location and convenient transportation system, this industrial park possesses many outstanding advantages in attracting investors.
Industrial Park Boundaries:
North: bordering the city’s planned road network
South: bordering the North-South railway line
West: bordering agricultural land in Phu Son ward
East: bordering agricultural land in Dong Tho ward
The Tay Bac Ga Industrial Park has direct connections to National Highway 1A and the North-South expressway, and is also located near Tho Xuan Airport and Le Mon Port. Thanks to this synchronized transportation infrastructure, goods transportation, logistics operations, and trade become more convenient, contributing to significant time and cost savings for businesses.
Transportation connections at Dinh Huong Industrial Zone – Northwest of the Train Station
Transportation Connections
Distance from Thanh Hoa city center: 2 km
Distance from Le Mon port: 7 km
Distance from Hai Phong port: 150 km
Distance from Thanh Hoa North-South railway station: 3 km
4. Infrastructure system
Detailed planning for the construction of the Northwest Railway Station Industrial Zone, Phase 2.
The technical infrastructure atDinh Huong – Tay Bac Ga Industrial Park is comprehensively and modernly invested, effectively meeting the production and business needs of enterprises, specifically:
Internal transportation: The internal road system is planned to include a main axis and branch roads. The main axis is 21m wide, and the branch roads are 16m wide. The entire area is conveniently connected to National Highway 1A and the North-South Expressway.
Electricity supply system: Electricity is supplied from the national grid, ensuring stability and fully meeting the operational needs of businesses within the industrial park.
Public lighting: The lighting system is designed separately from the residential electricity network, installed along internal roads, ensuring safety and convenience for movement.
Clean water supply: Water is supplied directly from the Tay Bac Ga Water Supply Company, with a capacity of approximately 8,400 m³/day, meeting the needs of the entire area.
Wastewater Treatment: Wastewater from factories is sorted at the source, then collected and channeled to the Northwest Ga Industrial Park’s centralized treatment facility.
Rainwater and Wastewater Drainage: The drainage system is arranged along the roads, using pipes with diameters from D600mm to D800mm, operating on a gravity-fed mechanism to the central treatment facility.
Solid Waste Treatment: Industrial waste is sorted, collected, and transported to the centralized treatment facility in accordance with local regulations.
Telecommunications: The industrial park is fully equipped with telecommunications infrastructure, meeting the needs for telephone, broadband internet (ADSL), and high-speed fiber optic internet.
Factory located in Dinh Huong Industrial Park – Northwest of the train station.
The social infrastructure at Dinh Huong – Tay Bac Ga Industrial Park is fully developed, meeting the living and working needs of businesses and workers:
Customs services: Thanh Hoa Customs is located near the industrial park, facilitating import and export activities.
Banks: The surrounding area has many major banks such as BIDV, Agribank, Techcombank, Sacombank, etc., meeting financial transaction needs.
Postal and telecommunications services: Thanh Hoa Post Office is only about 800m from Tay Bac Ga Industrial Park (phase 2), equipped with modern technology infrastructure to serve diverse services such as data transmission, telephone, internet, and online conferencing.
Public transportation: The bus system provides convenient connections to the city. Thanh Hoa and major provinces and cities such as Hanoi, Quang Ninh, Hai Phong…
Fire Prevention and Fighting: The fire fighting water supply system is comprehensively invested in, with fire hydrants arranged along the roads in the industrial park, spaced 100-150m apart, with a pipe diameter of D100mm.
Security: Security services operate 24/7, ensuring safety for the entire area.
Housing: The industrial park is located near a developed residential area, conveniently meeting the housing and living needs of workers and employees.
Healthcare: Thanh Hoa City has approximately 10 hospitals and many medical facilities, ensuring healthcare for workers. In particular, Thanh Hoa General Hospital and Hong Duc General Hospital are located near the industrial park (about 400m away).
Education and Training: Thanh Hoa City… Thanh Hoa is the educational center of the province, with a system comprising 2 universities, 2 university branches, 10 colleges, and 12 vocational schools, providing a quality workforce for businesses.
Overall perspective of Dinh Huong Industrial Park – Northwest of the Train Station
5. Businesses operating in Dinh Huong Industrial Park – Northwest Ga
As of March 2023, the Dinh Huong – Tay Bac Ga Industrial Park had attracted a total of 277 secondary investment projects. These included 12 foreign direct investment (FDI) projects with a total registered capital of approximately US$32.10 million and 265 domestic direct investment (DDI) projects with a total registered capital of VND 3,260.88 billion.
Annually, the industrial park generates an estimated production value of VND 4,500 billion, contributes approximately VND 200 billion to the state budget, and achieves export turnover exceeding US$140 million. Simultaneously, the industrial park has created jobs for over 8,000 workers.
Many businesses operating effectively within the park, such as Thao Ha Trading Company Limited, Z111 Mechanical Manufacturing Plant, steel factories, and paper packaging factories, have contributed to the economic development of the region.
