Nam Dinh Vu Industrial Park

I. INFORMATION AND LOCATION OF NAM DINH VU INDUSTRIAL PARK

Nam Dinh Vu Industrial Park is an industrial park located within the overall planning of the Non-Tariff Zone and Nam Dinh Vu Industrial Park (Zone 1) with a total area of over 1,329 ha, including: Industrial Park (917 ha); Seaport; Non-Tariff Zone (210 ha); Petrochemical and petrochemical storage area (62 ha); Logistics and warehousing area (105 ha).
Specifically, Nam Dinh Vu industrial park was approved to be added to the general planning of industrial parks in Hai Phong until 2020 according to Official Dispatch No. 180/TTg-CN dated February 1, 2008, of the Prime Minister.

The initial planned area was 1,200 ha, located in Dong Hai 2 ward, Hai An district, Hai Phong city. Later, the industrial park's planned area was increased.

The Nam Dinh Vu industrial park project is built including 02 sub-zones:
Nam Dinh Vu Industrial Park (Zone 1):
– Also known as Nam Dinh Vu industrial park
– Approved for detailed planning at a scale of 1/2000 according to Decision No. 795/QD-UBND dated May 5, 2009, of the Hai Phong City People's Committee with an area of 917 ha.
– The project has Sao Do Investment Group Corporation as the investor with a total investment capital of over 2,400 billion VND.
– Operation term: From 2009 – 2059
Nam Dinh Vu Industrial Park (Zone 2):
– Now renamed as Deep C2A industrial park
– Approved for detailed planning at a scale of 1/2000 according to Decision No. 644/QD-UBND dated April 16, 2009, and approved for detailed planning at a scale of 1/500 according to Decision No. 2047/QD-UBND dated November 29, 2010, of the Hai Phong City People's Committee. Deep C2A industrial park has a planned area of 513.3985 ha, of which the area for industrial land, factories, and warehouses is 397.55 ha (accounting for 77.43% of the planned area).
– The project has Hong Duc Industrial Corporation as the investor with a total investment capital of 2,468 billion VND.
– Operation term: From 2009 – 2059
(Refer to details here: Deep C (Dinh Vu) Industrial Park – Hai Phong)

Regarding its nature, Nam Dinh Vu industrial park is a multi-sector concentrated industrial park, focusing on attracting investment projects in the fields of Mechanical engineering, precision engineering; Production of new materials, specialized materials, and construction materials; Production of electrical equipment, electronic components, computer components, high technology, information technology; Production of paint, chemicals, rubber, and cosmetics; Construction and operation of oil and gas pipelines, LPG storage; logistics and warehousing; supporting industries; light industry (excluding garment manufacturing with dyeing stages).

Regarding regional connectivity: Nam Dinh Vu industrial park has a strategic location in the center of the Northeast economic corridor, with the ability to connect conveniently to major seaports and important traffic routes. Specifically, Nam Dinh Vu industrial park:
– Adjacent to Dinh Vu Port and Nam Dinh Vu Port, 10 km from Lach Huyen Port
– 4 km from the Hanoi – Hai Phong expressway intersection
– 15 km from Hai Phong city center, 140 km from Hanoi city center
– 47 km from Cai Lan Port
– 16 km from Cat Bi airport, 120 km from Noi Bai airport

II. INFRASTRUCTURE SYSTEM OF NAM DINH VU INDUSTRIAL PARK

Internal seaport system: Nam Dinh Vu Port is a seaport located in the overall planning of Nam Dinh Vu industrial park, invested and built with a capital of over 1,700 billion VND on an area of 65 ha and designed with a wharf length of over 1,500 m with 07 container and general cargo berths. Nam Dinh Vu Port is capable of receiving vessels with a maximum tonnage of 40,000 tons, with the goal of directly serving the import and export needs of businesses operating in the industrial park, helping to save logistics costs and cargo transportation time. Currently, Nam Dinh Vu Port has been completed and put into operation.

Internal traffic system: The traffic roads of Nam Dinh Vu industrial park are built widely and synchronously. The main axis of the industrial park connects directly to Dinh Vu port and has a width of 35 m – 46 m, while branch roads in the industrial park have a width of 24 m – 34 m. The entire traffic system in the industrial park is equipped with lighting systems, sidewalks, and trees on both sides.

Electricity supply system: The power source for production in Nam Dinh Vu industrial park is supplied through a 110KV/22KV transformer station with a capacity of 4×63 MVA, invested and built internally. 22KV power lines are connected along internal traffic routes to each plot of land in the industrial park.

Water supply system: Clean water for production for manufacturing businesses in Nam Dinh Vu industrial park is supplied by the general water supply system from Hai Phong Water Supply Company with a design capacity of 30,000 m3/day and night, which can be adjusted to increase capacity when water demand increases.

Wastewater treatment system: All production wastewater in the industrial park is treated at the industrial park's centralized wastewater treatment system with a treatment capacity of 10,000 m3/day and night. In which, phase 1 of the project with a capacity of 2,500 m3/day and night has been completed, and subsequent phases will continue to be built when the wastewater treatment demand of the industrial park increases. The wastewater treatment system is capable of treating input wastewater from column B to column A according to Vietnam's environmental technical standards.

Communication system: Telecommunications and internet cable systems are laid underground along traffic routes in the industrial park and connected to each plot of land in the industrial park according to the investor's needs.

Fire prevention and fighting system: Fire hydrants are arranged along traffic routes in the industrial park with a distance of 120m-150m per hydrant.

III. LAND RENTAL COSTS AND INVESTMENT INCENTIVES AT NAM DINH VU INDUSTRIAL PARK

Infrastructure usage fee: 100 USD/m2/entire lease term. The unit price may change depending on the location and area of the leased plot.

Infrastructure management and maintenance fee: 1,400 VND/m2/month

Annual land rent: Nam Dinh Vu Industrial Park is exempted from annual land rent for the entire duration of the project.

Electricity supply price: Applied according to EVN's electricity tariff and subject to a management fee surcharge depending on the enterprise's actual electricity consumption.

Water supply price: 16,300 VND/m3, the unit price for water supply may be changed according to the decision of Hai Phong City.

Wastewater treatment fee: From 9,000 VND – 24,000 VND/m3 depending on the quality of the incoming wastewater.

Other costs: Collected by the supplier according to the enterprise's actual usage needs.

Note: The above unit prices do not include VAT and are subject to change without prior notice.

Investment incentives at Nam Dinh Vu Industrial Park: Nam Dinh Vu Industrial Park is located within the Dinh Vu – Cat Hai Economic Zone; therefore, enterprises operating in the industrial park enjoy full tax incentive policies of the economic zone, including:

Corporate income tax incentives: A preferential tax rate of 10% is applied for the first 15 years (the standard rate is 20%), along with a 100% exemption from income tax for the first 04 years and a 50% reduction in payable tax for the next 09 years.

Import tax incentives: Exemption from import tax for goods on the preferential list imported to create fixed assets for the enterprise.

In addition, investors at Nam Dinh Vu Industrial Park are supported by the developer with investment licensing procedures and are facilitated by local authorities to shorten processing times through a one-stop mechanism.

IV. CURRENT STATUS OF INVESTMENT ATTRACTION AT NAM DINH VU INDUSTRIAL PARK

Currently, the Northern zone (phase 1) of Nam Dinh Vu Industrial Park, with an area of 370 ha, has had its infrastructure completed by the developer and has reached an occupancy rate of over 90%. The Southern zone (phase 2), with an area of 959 ha, has completed 100% of site clearance compensation and has had infrastructure completed for approximately 220 ha. Currently, phase 2 of the project has reached an occupancy rate of over 25%, and the remaining areas are continuing to have their infrastructure completed by the developer.

As of now (January 2023), Nam Dinh Vu Industrial Park has over 30 investors from South Korea, Vietnam, Singapore, Europe, China, etc., with typical projects such as the pulp production project of Cuu Long Paper Group (China); the high-tech biodegradable plastic resin production project of An Phat Group (Vietnam); and warehouse and factory building rental projects of major investment funds such as Sea Logistic, GawnP, BW Industrial, JD Property, etc.