With a commitment to investment activities that make tangible contributions to the community, the Infrastructure Construction Project of Bao Minh Industrial Park by the Company is meticulously planned and executed, striving to deliver long-term benefits for investors and partners.
I. Overview of Bao Minh Industrial Park – Nam Dinh
Information about the Industrial Park
Phase 1
Bao Minh Industrial Park was established in 2007 with the support of the Vietnam Textile and Garment Group, the Government of Vietnam, and the Nam Dinh provincial authorities. Bao Minh Industrial Park has successfully developed its infrastructure with the participation of leading textile and garment companies in Vietnam.
Expansion Phase
On July 30, 2021, the People’s Committee of Nam Dinh province issued Decision No. 1612/QD-UBND approving the detailed planning of the expanded Bao Minh Industrial Park in Vu Ban district, Nam Dinh province.
On December 20, 2021, Deputy Prime Minister Le Van Thanh signed Decision No. 2142/QD-TTg on the investment policy for the construction and operation of the infrastructure of the expanded Bao Minh Industrial Park. According to the decision, the project will be implemented in Kim Thai commune and Lien Minh commune, Vu Ban district, Nam Dinh province, covering an area of 50 hectares with a total investment capital of 320,45 billion VND. The project implementation period is from December 20, 2021, to December 20, 2057.
With a commitment to investment activities that bring substantial contributions to the community, the Construction of Bao Minh Industrial Park Project by the Company is planned and executed with high standards, aiming to provide long-term benefits for investors and partners.
Nam Dinh province, located in the southern part of the Red River Delta, is renowned as the largest textile and garment province in Vietnam and plays a significant role as a prominent economic center. Bao Minh Industrial Park is specially designed to transform into an advanced and environmentally friendly industrial park, offering tenants top-notch operational environments, reliable infrastructure, and specialized customer services.
Industrial Park Scale
Total area: 215,52 hectares, including:
Existing area (Phase 1): 165,52 hectares (100% filled)
Industrial land: 104,3 hectares
Management area: 0,4 hectares
Service and public land: 3,78 hectares
Technical area land: 2,12 hectares
Housing for experts: 1,35 hectares
Housing for workers: 3 hectares
Workers’ accommodation: 1,75 hectares
Green area land: 21,2 hectares (14%)
Transportation land: 16 hectares (10,6%)
Expanded area (Phase 2): 50 hectares
Industrial land: 38 hectares
Investment Information in the Industrial Park
With strong investment and rapid growth, Bao Minh Industrial Park has established itself as a reliable partner for renowned multinational companies. Among them is Sumi Wires, a subsidiary of Japan’s Sumitomo Group, employing 3.800 individuals.
Additionally, the park hosts a group of textile and garment companies, including Sunrise Smart Shirts (Hong Kong), Luentai, Yulun Textile (China), Padmac (Germany), and Junzhen (Taiwan), providing employment for over 6.000 individuals.
Bao Minh Industrial Park has achieved 100% occupancy rate, with a total of 13 secondary investors and 14 projects, including 2 domestic projects with a registered capital of 1,8 trillion VND and 12 foreign-invested projects with a total registered capital of nearly 434 million USD.
Information about the Investor in the Industrial Park
The investor of Bao Minh Industrial Park is Bao Minh Industrial Parks Infrastructure Investment Joint Stock Company.
Main office address: Lot L1, D1 Street, Bao Minh Industrial Park, km 10, National Highway 10, Lien Minh Commune, Vu Ban District, Nam Dinh Province, Vietnam.
Throughout its journey from the initial challenges of its establishment to breakthroughs and transformations, with dedicated leadership and strategic vision, along with a dynamic and ambitious team of employees, Bao Minh is proud to contribute to the successful construction of Bao Minh Industrial Park with complete infrastructure, a professional working environment, and a model industrial park in Nam Dinh Province.
II. Geographical Location within Bao Minh Industrial Park – Nam Dinh
Bao Minh Industrial Park is situated in the communes of Lien Bao, Lien Minh, and Kim Thai in Vu Ban district, Nam Dinh province, Vietnam.
The expanded Bao Minh Industrial Park is located in Kim Thai commune and Lien Minh commune, Vu Ban district, Nam Dinh province, Vietnam.
The boundaries are defined as follows:
– North: Adjacent to canal C9 and rice fields in Kim Thai commune;
– West: Adjacent to residential roads;
– East: Adjacent to the existing Bao Minh Industrial Park;
– South: Adjacent to residential areas along National Highway 10.
It is adjacent to the North-South national railway and National Highway 10, a major economic artery with 4 lanes, running through 6 provinces and cities: Quang Ninh, Ninh Binh, Hai Phong, Nam Dinh, Thanh Hoa and Thai Binh.
It connects to important transportation routes such as QL5, QL37, QL39, QL21, Hanoi-Hai Phong Expressway, provincial roads, linking with major economic and political centers as well as concentrated industrial parks:
By air:
– 118km to Noi Bai International Airport in just 135 minutes
– 104 km to Cat Bi International Airport;
By sea:
– 90 km to Hai Phong Port in just 120 minutes
– 57 km to Hai Thinh Port.
– 11,6 km to Nam Dinh Port.
By road:
– 270 km to Lang Son Border Gate in just 300 minutes
– 12 km to the center of Nam Dinh city in just 20 minutes
– 20 km to the center of Ninh Binh city in just 30 minutes
– 95 km to the center of Hanoi in just 90 minutes
By rail:
– 11 km to Nam Dinh station.
Master plan map of Bao Minh Industrial Park – Nam Dinh – TTTFIC Group
III. Infrastructure of Bao Minh Industrial Park – Nam Dinh
Power supply system:
The medium-voltage power system is extended to the boundary of the land area.
It is sourced from the national power grid via the 220/110 kV Vu Ban substation.
This extension is made along National Highway 10.
The purpose is to cater to the construction of factories and provide low-voltage power for the project.
Stormwater drainage system:
The drainage system within the industrial park channels the rainwater from the entire park.
The Chanh River receives this drainage system’s flow, which is then pumped into the T10 canal through the Chanh River pumping station and the Coc Thanh pumping station (located in Vu Ban district).
These pumping stations ensure the discharge of water into the Dao River.
Wastewater drainage system:
The industrial park has a separate and independent wastewater drainage system from the stormwater drainage system.
The system synchronizes with the collecting sewer lines running along the roads, leading to the centralized wastewater treatment station of the industrial park.
Wastewater treatment system:
The wastewater treatment plant has a capacity of 20.000 m3/day and night, treating wastewater to meet Grade A standards according to QCVN 40:2001/BTNMT before discharging it into the environment.
Communication information system:
The Industrial Park has an underground communication cable and fiber optic cable system.
Service providers will provide connections to each plot within the park.
Other amenities:
Residential area for workers and experts.
General clinic.
Convenience stores.
Entertainment services, integrated sports center.
Banks.
Restaurants, canteens.
Fire stations.
Police station within the industrial park.
24/7 security.
A perspective on Bao Minh Industrial Park – Nam Dinh – TTTFIC Group
IV. Investment-attracting industries in Bao Minh Industrial Park – Nam Dinh
Mechanical processing.
Textile, dyeing, and garment industry.
Electrical and electronic industry.
Pharmaceutical industry.
Food processing and agricultural products.
Wood processing.
Packaging printing.
V. Land Rental Costs at Bao Minh Industrial Park – Nam Dinh
Land rental price: $65 USD per square meter. The land lease term is 50 years.
Management fee: $0,4 USD per square meter per year.
Wastewater treatment fee: 8.000 VND per cubic meter, approximately $0,35 USD per cubic meter.
Electricity price: Calculated based on the electricity selling rates of Nam Dinh Province’s Power Company.
Currently, the electricity production prices for voltage levels from 22kV to below 110kV are as follows:
Normal hours: 1.405 VND per kWh ($0,0619 USD per kWh);
Off-peak hours: 902 VND per kWh ($0,0397 USD per kWh);
Peak hours: 2.556 VND per kWh ($0,1127 USD per kWh);
Administrative and professional electricity: 1.606 VND per kWh ($0,0708 USD per kWh).
Water price:
Clean water price for household use: 11.940 VND per cubic meter ($0,52 USD per cubic meter).
Clean water price for production based on usage volume: ranging from 8.200 VND per cubic meter to 11.440 VND per cubic meter (from $0,36 USD per cubic meter to $0,50 USD per cubic meter).
Monthly payments.
VI. Investment incentives
(In accordance with Vietnamese laws and regulations)
Corporate Income Tax (CIT):
A tax rate of 17% for 10 years for investments outside the industrial park.
The first two years of Corporate Income Tax (CIT) are exempted, commencing from the initial year of profitability.
50% CIT reduction for the following four years.
Other incentives:
Importing goods for fixed assets in projects in sectors eligible for import tax incentives or in areas eligible for import tax incentives.
Goods imported in accordance with Decree No. 87/2010/NĐ-CP, issued on August 13, 2010, by the Government of Vietnam, which provides detailed regulations on certain provisions of the Law on Export and Import Taxes, are eligible for import tax exemption.
The land for lease that belong to Industrial Park has run out of stock. Only the land and warehouse has been re-invested by individual investor that still available
TTTFIC Group: Guide to Industrial Real Estate in Vietnam
Where you gain a comprehensive view of the ideal investment environment for foreign enterprises, we are TTTFIC Group, your reliable partner in the Industrial Real Estate sector.
For first-time investors in Vietnam, we assist in surveying suitable locations in Industrial Zones across the entire territory of Vietnam. We support handling investment procedures for projects.
Our Design & Build approach means that from the moment the investor completes the land lease location, we take responsibility for all steps, including obtaining IRC/ERC; DTM; Fire prevention and firefighting certificates; legal aspects of the project from the design phase; applying for construction permits; progressing to the construction phase, and completing the factory for handover to the investor in an operational state in a turnkey manner.
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Services include Lease, Purchase, Sale, and M&A (Merger & Acquisition): We provide specialized information and support for your real estate needs in key business areas.
Legal Consultation: Our experienced legal team assists with real estate-related issues, ensuring smooth procedures for foreign investors.
Foreign Direct Investment (FDI) Establishment: We guide the easy establishment of foreign direct investment businesses, ensuring compliance with regulations.
Investment Project Development Consultation: From market surveys to detailed planning, we support the development of your project.
Construction Licensing & Compliance: We assist in obtaining permits, ensuring compliance with safety and environmental standards.
Registration & Tax Consultation: We handle tax compliance, ensuring your business meets all legal regulations.
With over 20 years of experience in Design & Build for FDI projects of all scales. If you’re seeking industrial real estate in Vietnam, give us a call! With a team of experienced experts, engineers, and lawyers, we have assisted thousands in property buy, sell, M&A, and industrial real estate leasing (especially investors from the US, Germany, Denmark, Sweden, the UK, Korea, Japan, Taiwan, China, India, Singapore…).
Together, we can build a prosperous and sustainable future for both businesses and communities. We look forward to collaborating with you.
Industrial real estate in industrial zones, Vietnam
