General Introduction
Pho Noi A Industrial Park in Hung Yen province is an attractive investment destination for foreign investors with a favorable geographical location next to National Highway 5 (Hanoi – Hai Phong), near the railway system, and with synchronized infrastructure that is promptly maintained. A special feature of Pho Noi A Industrial Park is that businesses or investors coming to invest receive support and consultation from the Pho Noi A Industrial Park Management and Exploitation Company, and are facilitated by functional agencies to quickly complete administrative procedures such as investment registration certificates, seal issuance, tax codes, environmental permits, fire protection permits, construction permits...
Overview Information
- Name: Pho Noi A Industrial Park – Hung Yen
- Developer: Hoa Phat Hung Yen Industrial Park Infrastructure Development Co., Ltd.
- Scale: 600 Ha
- Occupancy rate: 90%
- Rental price: 130 USD/m2 with infrastructure, depending on the location and area of the plot.
- Target industries: Manufacturing and assembly of electrical, electronic, mechanical, automotive, and motorcycle products; steel production and products from construction material processing; agricultural and food processing, etc.
Geographical Location
Pho Noi A Industrial Park is located along National Highway 5 (Hanoi – Hai Phong), Hung Yen. With such favorable terrain and location, Pho Noi A Industrial Park is extremely convenient for trade and the import and export of goods. Furthermore, Pho Noi A Industrial Park spans across Yen My, My Hao, and Van Lam districts; with such a large, expansive area, the industrial park can accommodate many factories and attract a significant workforce.
- 24 km from Hanoi city center (approximately 30 minutes by car);
- 45 km from Noi Bai Airport (approximately 45 minutes by car);
- 75 km from Hai Phong Port (approximately 70 minutes by car);
- 120 km from Quang Ninh deep-water seaport (approximately 120 minutes by car);
- Adjacent to Lac Dao (Hanoi – Hai Phong railway station).
Land use structure
Scale: 688.94 ha. Of which, the leasable industrial land area is 492.1 ha.
- Leased industrial land area: 416 ha, occupancy rate reached 84%.
- Remaining unleased industrial land area: Approximately 76 ha.
Infrastructure system
Currently, the infrastructure system of Pho Noi A Industrial Park has been synchronized and prioritized for investment.
Road transport system: Convenient, with land plots already prepared and ready for factory construction. The central industrial park road is 24m wide. Branch roads and frontage roads within the industrial park are 17m wide. This is a major advantage for businesses in implementing transport, distribution, and import/export activities to domestic and international markets.
Power system and electrical grid: Power is supplied continuously and stably through two 110/22kV transformer stations with a capacity of 4x63MVA.
Water treatment system: Built with a capacity of 15,000 m3/day and night. The water supply system is connected to the fence of each enterprise:
– Drainage: Domestic drainage and wastewater systems are treated separately. Rainwater is collected through a sewer system and discharged into local rivers. Wastewater is collected at the Pho Noi A Industrial Park wastewater treatment plant.
– Wastewater and waste treatment: The wastewater treatment plant is built with a total capacity of 6,000 m3/day and night, using a biological wastewater treatment system. Wastewater is treated locally at factories before being discharged into the common wastewater drainage system of the Industrial Park. The Industrial Park provides waste collection and transportation services for enterprises. Solid waste from factories will be classified, collected on-site, and transferred to the waste collection area in the Industrial Park before being transported elsewhere for treatment in accordance with regulations.
– Telephone & Internet: The telecommunications system meets international standards and is always available to meet the needs of communication, high-speed data transmission, and domestic and international postal services. The underground fiber optic system is connected directly to the fence of each enterprise.
– Internal traffic: The internal road system is built with a reasonable cross-section, ensuring that vehicles can reach every factory easily and conveniently. Lighting systems are installed along the roads.
– Fire prevention and fighting: The water supply system with fire hydrants is arranged along the roads of the Industrial Park. The distance between fire hydrants is 150m.
– Environment and greenery: The industrial park reserves about 15% of its land area for centralized green space. In addition, trees are distributed along traffic routes and planted at factories to create the general landscape of the industrial park.
– Customs: Hung Yen Customs currently has an office 4km from the Industrial Park (a branch office is expected to open within the Industrial Park). All sealing and lead-sealing procedures are performed right at the factories within the Industrial Park.
– Banking: A system of banks (Techcombank, ACB, Vietcombank, Sacombank, Agribank, Bank for Investment and Development of Vietnam, etc.) has branches in Pho Noi, 1.5 km from the Industrial Park. Currently, several banks have placed ATMs in the Industrial Park, quickly serving all requirements of businesses and workers in the Industrial Park.
– Post office: A post office is available in Pho Noi, 1.5 km from the Industrial Park, ready to meet the needs of businesses in the Industrial Park.
– Worker housing: The area near the industrial park has planned for the investment, construction, and development of urban areas and housing zones, ensuring housing needs for industrial park workers.
– Hospital: Pho Noi General Hospital (2km from the industrial park) is planned and built with modern facilities to meet the treatment and medical examination needs of workers in the industrial park.
Investors participating in Pho Noi A Industrial Park
By the end of the first quarter of 2017, the industrial park had received 170 investment projects, including 98 domestic projects with a total registered investment capital of 13,273 billion VND and 72 foreign-invested projects with a total registered investment of 818 million USD. These include many projects from investors from countries such as Japan, South Korea, and the USA, such as enterprises: Canon Electronics INC, Hyundai, Lixil, Dorco, Carhill…
Investment advantages
Prime location, modern infrastructure, and a friendly community are the foundations helping businesses in Pho Noi A Industrial Park operate effectively, stably, and commit long-term. The occupancy rate of the industrial park as of September 2018 reached over 90% of the land with developed infrastructure, among the highest of industrial parks in the Northern region.
Investment Costs
- Land rental price: 130 USD/m2 with infrastructure, depending on the location and area of the land plot.
- Management fee: 11,120 VND/m2/year
- Electricity fee: Calculated according to EVN regulations.
- Clean water fee: 11,000 VND/m3
- Wastewater treatment fee: 10,000 VND/m3
Investment incentives
Regarding corporate income tax:
- Enjoy a tax rate of 10% for 15 years, with a 4-year tax exemption and a 50% reduction in payable tax for the following 9 years for income from new investment projects in certain fields encouraged for investment according to corporate income tax laws.
- Enjoy a tax rate of 17%, with a 2-year tax exemption and a 50% reduction in payable tax for the following 4 years for income from new investment projects in fields such as: High-quality steel production; energy-saving product manufacturing; production of machinery and equipment for agriculture, forestry, fishery, and salt production; irrigation equipment manufacturing; production and refining of animal, poultry, and aquatic feed...
- Exempt from corporate income tax for 2 years and a 50% reduction in payable tax for the following 4 years for enterprises implementing new investment projects within the Industrial Park.
Regarding import tax: Investment projects in the Industrial Park are exempt from import tax on goods imported to create fixed assets in accordance with the Law on Export and Import Duties.
