YEN SON INDUSTRIAL PARK - BAC LUNG

Province

Bac Giang

Occupancy rate

Updating

Area

309 hectares

Lease Price

100 -110 USD/m2

Yen Son – Bac Lung Industrial Park, located in Bac Giang province, has a strategic location with great development potential, thanks to inheriting the advantages of the Northern economic zone. With a multi-industry development orientation, this industrial park creates conditions for many production and business sectors to operate together, bringing diversity and attractiveness to investors. This is an ideal location to build factories, develop production and promote import and export activities, expanding the market to the region and internationally.

Yen Son Industrial Park – Bac Lung – Bac Giang Province

Details

Name of industrial park

Yen Son Industrial Park – Bac Lung – Bac Giang Province

Location

Bac Giang

Total area

309 ha

Land rental price

100 -110 USD/m2

Construction density

65%

Infrastructure information

Electrical system

22kV is supplied from 110kV station

Water system

24,600m3/day and night

Sewage system

Updating

Transportation system

The main road has a road width of 51m; in which the roadway is 2x15m wide.

1. Project overview and legal information

Yen Son – Bac Lung Industrial Park was officially approved by the Prime Minister to be added to the planning for the development of industrial parks in Bac Giang province according to Official Dispatch No. 216/TTg-CN dated February 23, 2021. The project has an expected planning scale of about 300 hectares, located in Yen Son and Bac Lung communes, Luc Nam district, Bac Giang province.

Following that, on July 16, 2021, the People’s Committee of Bac Giang province issued Decision No. 712/QD-UBND approving the 1/2000 scale construction zoning plan for Yen Son – Bac Lung industrial park with a total area of ​​309.8 hectares. Of which, the area for industrial park development is about 300 hectares, the remaining 9.16 hectares is the connecting road from Provincial Road 293 to the industrial park.

The project is invested by Foxconn Group (FuGiang Co., Ltd.), expected to become a highlight in attracting foreign investment, especially in the field of high technology and electronics manufacturing.

  • Industrial park name: Yen Son – Bac Lung Industrial Park
  • Chinese name of Yen Son – Bac Lung Industrial Park:
  • Area: 309.8 ha
  • Construction density: 70%
  • Occupancy rate: Updating
  • Land use term: 50 years (2021 – 2071)
  • Industrial park location: Yen Son commune and Bac Lung commune, Luc Nam district, Bac Giang province
  • Investor: Foxconn Group (FuGiang Co., Ltd.)
    Total investment capital: Updating

Project overview and legal information of Yen Son – Bac Lung industrial park

Overall perspective of Yen Son – Bac Lung industrial park

2. Costs and incentives for land rental in Yen Son Industrial Park - Bac Lung

  • Infrastructure rental cost: 100 USD/m2/rental period
  • Land rental cost: According to State regulations
  • Management cost: Decided by the Industrial Park Management Board and Bac Giang Provincial People’s Committee.
  • Electricity cost: Apply according to EVN’s electricity production price list.
  • Water supply price: Updating
  • Wastewater treatment fee: Updating

Water supply price: Updating
Wastewater treatment fee: Updating

Note: The above unit price does not include VAT and may be changed without prior notice.

*Labor cost:

  • Basic salary (Zone IV): 3,250,000 VND/month
  • Actual salary: 5,500,000 VND/month

Investment incentives at Yen Son – Bac Lung Industrial Park for investors are as follows:

  • Corporate income tax: Apply a corporate income tax rate lower than the normal tax rate for a limited period or the entire duration of the investment project; Exemption and reduction of corporate income tax.
  • Exemption and reduction of: Land rent, land use fee, land use tax.
    Regarding import tax:
  • Exemption of import tax on imported goods to create fixed assets; raw materials, supplies, components to implement investment projects.

Costs and incentives for land rental in Yen Son Industrial Park – Bac Lung

3. Traffic connection of Yen Son - Bac Lung industrial park

Yen Son – Bac Lung Industrial Park is located in a convenient traffic location, right next to National Highway 37, National Highway 18 and National Highway 1A, flexibly and quickly connecting to other localities and economic zones in the Northern region. Therefore, it is possible to exploit the maximum potential in the field of industrial production and support services in the industrial park.

Traffic connection of Yen Son – Bac Lung industrial park to other provinces

4. Infrastructure system of Yen Son - Bac Lung industrial park

Yen Son – Bac Lung Industrial Park is a newly established project, planned with the orientation of developing into a high-tech, environmentally friendly industrial park. In the future, the entire technical infrastructure will be invested synchronously and modernly to meet the needs of production and sustainable development. Specifically:

  • Internal traffic system: The main road is designed with a road width of 51m, including a 2x15m wide roadbed, a 2x8m sidewalk and a 5m central median strip. The remaining internal roads have a road width ranging from 24m to 51m, ensuring convenient and safe traffic.
  • Power supply system: Power is supplied from the 22kV medium voltage grid through a 110kV transformer station managed by Bac Giang Electricity Company. The power supply capacity of phase 1 is 63 MVA, the total capacity of the whole area (including the reserve for phase 2) is about 157 MVA, ensuring enough capacity to serve all production needs.
  • Water supply system: Clean water is supplied from a separate water supply plant for the industrial park, with a design capacity of 24,600 m³/day and night. The water supply pipe network is installed along internal roads, integrated with stop valves for convenient operation and maintenance.
  • Drainage system: Includes two separate systems for rainwater and wastewater. Rainwater collection wells are arranged at a distance of 30m, combined with manholes and collection pits on the sidewalk built with bricks and covered with sturdy reinforced concrete panels.
  • Wastewater treatment system: Domestic wastewater and industrial wastewater are pre-treated at each factory before being led into the general wastewater drainage system, then brought to the central treatment station located in the technical infrastructure area. All wastewater will be treated to Class A standards before being discharged into the stormwater drainage system outside the area.
  • Telecommunications system: Modern telecommunications infrastructure, meeting the needs of seamless domestic and international connections, ready to support businesses in the digital age.
  • Other supporting facilities: The industrial park is planned synchronously with items serving the lives of workers such as worker housing, entertainment and shopping areas, etc. to provide a quality living and working environment, contributing to retaining human resources for a long time.

Infrastructure system of Yen Son – Bac Lung industrial park

5. Orientation of Yen Son - Bac Lung Industrial Park

In the future, Yen Son – Bac Lung Industrial Park is oriented to develop according to the model of multi-functional industrial park, harmoniously combining production, urban and service. The project aims to build a comprehensive development space, where industrial activities are closely linked with modern, environmentally friendly residential communities. This model will be implemented in an ecological and sustainable direction, while applying smart technology solutions in the management and operation of industrial parks and urban areas.

5.1 Attractive investment industries in Yen Son Industrial Park - Bac Lung

Yen Son – Bac Lung Industrial Park is a multi-industry industrial park, mainly manufacturing industry including the following fields:

  • Manufacture of electronic and refrigeration equipment
  • Mechanical manufacturing
  • Production of high-tech machinery and equipment
  • Production of environmentally friendly consumer goods (excluding projects in the textile, footwear, leather and footwear industries…)

Orientation of Yen Son Industrial Park – Bac Lung

Factory image at Yen Son Industrial Park – Bac Lung

5.2 Why choose Yen Son - Bac Lung industrial park?

Yen Son – Bac Lung Industrial Park is emerging as an attractive investment destination, attracting a large amount of FDI capital thanks to the convergence of many favorable factors in terms of location, infrastructure and preferential policies. Notable advantages include:

  • Strategic location and flexible traffic connections: The industrial park is located near major traffic routes, just a few kilometers away, conveniently connecting with major economic centers and neighboring provinces. This is a key factor helping businesses optimize logistics costs, quickly transport goods, promote trade and regional cooperation.
  • Synchronous infrastructure – Modern internal utilities: The investor pays special attention to developing a high-quality technical infrastructure system, ensuring safety, stability and sustainability standards. Internal utilities such as electricity, water, telecommunications, internal traffic, etc. are all invested methodically, providing the best support for production and business activities.
  • Attractive rental policy – Transparent legality: Competitive rental prices come with many preferential and supportive policies. In particular, customers are granted long-term red books, bringing peace of mind and convenience in the process of investing, building and expanding production.
  • Flexible scale – Suitable for many industries: Industrial parks are planned with diverse areas, flexible according to needs, meeting both small businesses and large corporations. At the same time, the fields attracting investment are rich, opening up development opportunities for many industries.

5.3 AVA Assessment

  • Strategic geographical location – Effective regional connectivity: Yen Son – Bac Lung Industrial Park is located in a convenient traffic location, allowing quick connection with neighboring provinces in the region. This not only optimizes operational efficiency for businesses but also creates favorable conditions for workers to move, contributing to improving overall productivity. This advantage has helped the industrial park strongly attract FDI capital in recent times.
  • Policy incentives – Business support ecosystem: The industrial park enjoys many preferential policies from authorities at all levels, helping to minimize investment and operating costs for businesses. In addition, the professional working environment and the ability to connect between businesses inside and outside the industry create a dynamic industrial ecosystem, promoting cooperation and sustainable development.
  • Recruitment challenges – Increased labor competition: As Bac Giang is an attractive destination for many foreign investors, the labor market in the area is highly competitive. This requires businesses to have a reasonable human resource strategy to attract and retain quality employees.

6. AVA – Leading Investment Consulting Unit

With many years of experience in the field of industrial real estate, AVA is proud to be a reputable and professional consulting unit and always accompanies investors throughout the project implementation process. We commit to:

  • With a deep understanding of the industrial real estate market, AVA always advises the most optimal and suitable solutions for the needs of each customer.
  • Quick support – Effective solutions: AVA accompanies customers in completing legal procedures, building reasonable investment plans, helping to save time and costs.
  • Full service package – Satisfying even the most demanding customers: With a closed, thorough and professional working process according to the “One-Stop Service” model, AVA is committed to bringing a synchronous and dedicated service experience from survey, consultation to actual implementation support.