Tien Hai Industrial Park - Hung Yen

Overview of Tien Hai Industrial Park – Hung Yen

Covering an area of 466 hectares, Tien Hai Industrial Park is situated within the Tien Hai district, Hung Yen  province, encompassing four communes: Dong Co, Dong Lam, Tay Giang, and Tay Son. Viglacera Corporation will implement the project as approved by the Prime Minister.

The advantage of Tien Hai Industrial Park is its central location in the northern provinces and along the coastal economic development corridor of Quang Ninh – Hai Phong – Hung Yen – Nam Dinh – Ninh Binh. Therefore, the industrial zone enjoys convenient transportation by both road and waterways. Moreover, the Tien Hai – Hung Yen gas field, located in proximity to Tien Hai Industrial Zone, holds vast reserves of natural compressed gas (CNG) amounting to hundreds of billions of cubic meters, providing Tien Hai Industrial Zone with a substantial advantage in energy supply.

With its extremely favorable location, being 69km away from Cat Bi International Airport, 66km from Hai Phong port, and 24km from the city center of Hung Yen, Tien Hai Industrial Park promises numerous advantages for both import and export activities.

Since its establishment, the project has created employment opportunities for nearly 30,000 workers in the area.

The infrastructure of Tien Hai Industrial Park – Hung Yen

Internal transportation:

• The main road system is 23-32m wide, with secondary roads ranging from 15.5m to 18.5m wide.

Electricity system:

• A 110/35KV transformer station with a capacity of 63MVA supplies electricity from the national grid.

Public lighting system:

• Street lighting is designed separately, with a power supply system arranged along the transportation axes.

Water system:

• The capacity of the water supply is 10,000m3/day.

Wastewater and stormwater system:

• Separate systems for wastewater and stormwater drainage are planned and constructed.

Waste treatment:

• Solid waste (mainly ceramics and construction materials) is preliminarily sorted and transported to the Tây Sông Long Hau landfill.

Wastewater treatment:

• The wastewater treatment plant has a capacity of 3,500m3/day.

Communication system:

• A modern telecommunications and information system meeting international standards provides various information services domestically and internationally.

Service infrastructure:

• Police stations, general clinics, banks, warehouses, fuel stations, post offices, etc., are located near the industrial park.

Investment-attracting industries:

Tien Hai Industrial Zone is a multi-sector industrial park, specializing in heavy industry, construction materials, and the production of consumer goods using natural gas, such as ceramics, porcelain, and glass.

Advantages of investing in Tien Hai Industrial Park – Hung Yen

Abundant labor force and low labor costs:

• Located in an area with the most abundant labor force in northern Vietnam.
• The workforce in the province and neighboring provinces reaches up to 5.5 million workers.
• Enterprises in Tien Hai Industrial Park will find it easy to search for and recruit labor.

Large reserves of CNG (Compressed Natural Gas) of 1,000,000 cubic meters per day:

• Situated in the Tien Hai gas field, which includes the VNG gas field, Tien Hai Industrial Park possesses a significant advantage in terms of energy.
• The gas reserves amount to hundreds of billions of cubic meters, with an annual capacity of 200 million cubic meters.

Coastal investment incentives:

Enterprises operating in The Industrial Park, managed by Viglacera, located within the Hung Yen Economic Zone, will benefit from a range of incentives, including:

• Corporate income tax incentives: a preferential tax rate of 10% for 15 years; exemption from taxes for the first 4 years and a 50% reduction for the subsequent 9 years.
• Land rental incentives: exemption from land rental fees for 13 years; import tax incentives.
• Personal income tax incentives and other preferential policies as stipulated by the law, apply to the economic zone.

Reputable investor:

• Viglacera is currently a leading industrial park developer with 11 industrial parks in Vietnam and 1 economic zone in Cuba.