Yen Binh Industrial Park is oriented to develop according to the model of multi-industry industrial park, prioritizing attracting clean industries, aiming at the goal of building a sustainable and friendly investment environment. Implementing the province’s policy, the Industrial Park has focused on investing in completing a synchronous technical infrastructure system, aiming to quickly put the project into operation and effective exploitation.
YEN BINH INDUSTRIAL PARK
Province
Thai Nguyen
Occupancy Rate
90%
Area
396.43 hectares
Lease Price
160 USD/m2
Yen Binh Industrial Park – Pho Yen
Details
| Industrial Park Name | Yen Binh Industrial Park – Thai Nguyen |
| Location | Dong Tien Commune, Thai Nguyen City, Thai Nguyen Province |
| Total Area | 396.43 hectares |
| Land rental price | 160 USD/m2 |
| Construction density | 60% |
| Occupancy Rate | 90% |
Infrastructure information
| Electrical System | 3x36MVA – 110/22kV |
| Water System | 15,000m3/day. |
| Sewage System | 80,000m3/day and night |
| Traffic System` | Main road: 39m, Branch road: 23m |
1. Project Overview and Legal Information
Yen Binh Industrial Park was approved by the Prime Minister to be implemented in two phases: Phase 1 was approved in Official Dispatch No. 1645/TTg-KTN dated October 15, 2012 with a planned area of 200 hectares, and Phase 2 was approved in Official Dispatch No. 886/TTg-KTN dated June 12, 2014 with an additional area of 200 hectares.
According to Decision No. 545/QD-UBND and Decision No. 920/QD-UBND issued on March 9, 2015, Yen Binh Industrial Park was planned in Dong Tien and Tien Phong communes, Dong Tien ward, Pho Yen town (now Pho Yen city), Thai Nguyen province.
Details:
- Name of industrial park: Yen Binh Industrial Park
- Chinese name: 安平工业区
- Total area: 396.43 ha
- Occupancy rate: 70%
- Land use term: Until 2062
- Location: Dong Tien Commune, Thai Nguyen City, Thai Nguyen Province
- Investor: Yen Binh Investment and Development Joint Stock Company
- Total investment capital: Updating
Project overview and legal information of Yen Binh Industrial Park
2. Costs and incentives for land rental in Yen Binh Industrial Park
Costs and preferential policies at Yen Binh Industrial Park
1. Basic costs:
- Land rental price: 145 USD/m²
- Management fee: 0.05 USD/m²/year
- Electricity source: Supplied from 110kV voltage system
- Normal hours: 1,649 VND/kWh
- Off-peak hours: 1,044 VND/kWh
- Peak hours: 2,973 VND/kWh
- Clean water price: 0.4 USD/m³
- Wastewater treatment fee: 0.28 – 0.85 USD/m³
Note: The above price does not include VAT and can be adjusted from time to time without prior notice.
2. Labor costs:
- Basic salary (Region II): 4,160,000 VND/month (~179 USD)
- Average actual salary: 6,500,000 VND/month (~278 USD)
3. Investment incentives:
- Corporate income tax: 100% exemption for the first 2 years, 50% reduction for the next 4 years.
- Import tax: Tax exemption for imported goods to form fixed assets for the project.
- Administrative procedure support: Enterprises are supported to quickly complete procedures related to investment licensing, construction licensing and other legal documents.
- Investment consulting: Support enterprises in planning construction, development orientation and project implementation in a detailed, professional and effective manner.
Costs and incentives for land rental in Yen Binh Industrial Park
3. Traffic connection of Yen Binh Industrial Park
Yen Binh Industrial Park has a strategic location right next to the Hanoi – Thai Nguyen Expressway and is directly connected to Yen Binh Interchange, making the movement and transportation of goods extremely convenient. Thanks to that advantage, this industrial park plays the role of a trading center between five major cities in the Northern region including Hanoi, Thai Nguyen, Bac Ninh, Bac Giang and Vinh Yen.
Connection distance:
- To Pho Yen town: 5 km
- To Hanoi capital: 60 km
- To Noi Bai international airport: 30 km
- To Hai Phong port: 150 km
Google Map of Yen Binh Industrial Park
4. Infrastructure system
The infrastructure of Yen Binh Industrial Park (Thai Nguyen) is invested in synchronous and modern construction, to ensure an optimal operating environment for domestic and foreign enterprises.
- Electricity system:
Power for production and daily life is supplied from 3 110/22kV transformer stations with a capacity of 3x36MVA, arranged along the main roads in the industrial park, ensuring stable and continuous power supply. - Water supply system:
The industrial park is supplied with water from Yen Binh Clean Water Plant with a capacity of up to 150,000 m³/day, fully meeting the needs of investors. - Wastewater treatment system:
Applying advanced Japanese treatment technology, the system has a capacity of 80,000 m³/day and night, ensuring strict environmental standards and aiming for sustainable development. - Internal traffic system:
Internal roads are scientifically planned, the main axis is 47m wide with 4 lanes, and the branch axes are 25m wide with 2 lanes, convenient for traffic and transport of goods. - Information – postal system:
Fully provided by reputable units such as VNPT, Viettel Post, Fast Delivery, DHL, FedEx, UPS, TNT…, ensuring fast communication and transportation domestically and internationally. - Fire prevention and fighting (PCCC):
The fire prevention and fighting system meets national standards, fire hydrants are arranged 150m apart, ensuring absolute safety for the entire area. - Telecommunications & Internet:
The industrial park is equipped with modern telecommunications and fiber optic infrastructure, providing full telephone services, ADSL broadband Internet and high-speed fiber optic, operated by major suppliers such as VNPT, FPT, Viettel.
Infrastructure system of Yen Binh Industrial Park
5. Orientation of Yen Binh Industrial Park
Yen Binh Industrial Park is planned to develop according to a multi-industry model, in which priority is given to attracting electronics, high-tech industries and clean, environmentally friendly manufacturing industries, towards a green and sustainable industrial park.
5.1 Attractive investment industries in Yen Binh Industrial Park
Currently, Yen Binh Industrial Park has become an attractive destination for investors, with more than 30 projects in operation and a total registered investment capital of over 7.92 billion USD. Some typical projects being implemented here include:
- Samsung Electronics Vietnam Thai Nguyen Co., Ltd. – specializing in manufacturing electronic equipment, communications and household electrical appliances.
- Hansol Electronics Vietnam Company – investing in an electronic components manufacturing project.
- Trina Solar Energy Development Company Limited – implementing a battery and accumulator manufacturing project.
- Sunny Opotech Vietnam Co., Ltd. – investing in a high-tech camera module manufacturing factory.
Attractive investment industries in Yen Binh Industrial Park
5.2 Why choose Yen Binh Industrial Park?
The traffic infrastructure and the system of utilities and services in Yen Binh Industrial Park are invested synchronously and modernly, aiming to create a safe, sustainable and effective investment environment for businesses. In addition, the Industrial Park also stands out with many outstanding competitive advantages, including:
- Strategic location: Located right next to the Hanoi – Thai Nguyen highway and directly connected to Yen Binh intersection, the Industrial Park has the ability to quickly connect to major economic centers in the North such as Hanoi, Bac Ninh, Bac Giang, Thai Nguyen, Vinh Yen. In addition, the diverse traffic network including roads, railways, waterways and aviation makes the transportation of goods more convenient.
- Modern infrastructure: The infrastructure system in the Industrial Park is built synchronously according to international standards, ensuring the best service for all types of industrial production.
- Quality human resources: Thai Nguyen is one of the three localities with the most abundant and highly skilled labor resources in the country, fully meeting the technical human resource needs of enterprises.
- Investment incentives: Investors enjoy many special support policies from Thai Nguyen province and industrial park investors, with administrative procedures being resolved quickly, transparently and conveniently.
- Opportunities for cooperation and development: Thanks to its central location in the Northern key economic region, enterprises in Yen Binh can easily expand trade, connect supply chains and cooperate in production with neighboring areas.
5.3 AVA Assessment
The workforce in Thai Nguyen is large-scale, highly skilled and disciplined, fully meeting the diverse recruitment needs of investors.
Yen Binh Industrial Park has a strategic location, located near large corporations such as Samsung, Trina Solar, and conveniently connected to Hai Phong port and Noi Bai international airport, helping businesses easily transport raw materials and trade goods domestically and internationally.
Currently, the land fund at Yen Binh Industrial Park Phase I is almost filled, the investor is waiting to hand over more area in Phase II to continue expanding and attracting new projects.
6. AVA – Leading Investment Consulting Unit
With many years of experience in the field of industrial real estate, AVA always affirms to be a professional and dedicated consulting unit accompanying customers throughout the investment process. We commit to:
- With in-depth knowledge of the industrial real estate market, AVA confidently brings the most suitable solutions and options for each business.
- Quick support in completing procedures, while providing optimal solutions to help save costs for customers.
- With a closed, careful and professional working process, AVA ensures to satisfy all customers with the service model “One-Stop Service” – one destination, complete solution package.