Overview of Dinh Huong – Tay Bac Ga Industrial Park:
The Chairman of the Provincial People’s Committee established Dinh Huong – Tay Bac Ga Industrial Park in Thanh Hoa province under Decision No. 913/QD-UBND.
Dinh Huong – Tay Bac Ga Industrial Park was formed by merging Tay Bac Ga Industrial Park with Dinh Huong Industrial Park, and it encompasses lots CH1, CN27, and KH3 for advanced quartz electronic chip factories.
The Nghi Son Economic Zone Management Board and other industrial park management boards are responsible for managing the The Industrial Park, which currently occupies an adjusted area of 202.57 hectares with an occupancy rate of over 90%.
The Industrial Park has attracted 250 investment projects, of which 202 projects have completed the investment process and are in operation.
Geographical location:
The industrial park is located in Dong Tho Ward, Thanh Hoa City, Thanh Hoa province.
Situated in the northern part of Thanh Hoa City, near National Highway 1A and close to the city center, the industrial park benefits from convenient transportation, which is one of its investment advantages.
Industrial park scale: 176.03 hectares, including:
Tay Bac Ga Industrial Park (Phase 1 + Phase 2): 133.85 hectares.
Phase 1: 84.3 hectares – Fully occupied.
Phase 2: 49.55 hectares – Developed and operated by Phuc Hung Architecture Joint Stock Company.
The remaining area includes lots CH1, CN27, KH3, and a high-quality quartz electronic chip factory (owned by Binh Minh Construction and Building Materials Production Limited Liability Company).
A perspective on Dinh Huong – Tay Bac Ga Industrial Park – TTTFIC Group
Infrastructure of Dinh Huong – Tay Bac Ga Industrial Park:
Internal transportation
Main roads and branch roads divide the internal transportation system:
The main road system is 21m wide.
The branch road system is 16m wide.
The industrial park is connected to National Highway 1A and the North-South Expressway.
Electricity system
Electricity is supplied from the national power grid, meeting all necessary requirements for the operation of businesses within the industrial park.
Public lighting system
The street lighting network is designed separately with a power supply system along the traffic routes.
Water system
The Tay Bac Ga Water Supply Company directly supplies water with a capacity of 8,400m3/day.
Wastewater and rainwater drainage system
The roads arrange the system and centralize it to the treatment station of the industrial park.
The wastewater drainage pipes have a diameter of D600mm-D800mm, and it is an automatic drainage system.
Waste management
Solid waste from factories is classified, collected, and transferred to designated disposal sites according to the town’s regulations.
Wastewater treatment
Wastewater from factories in the industrial park is immediately classified at the factories and centralized at the central treatment area of Tay Bac Ga Industrial Park.
Communication system
The industrial park meets the demand for telephone subscriptions, broadband ADSL, and fiber optic cables.
Investment-attracting industries of Dinh Huong – Tay Bac Ga Industrial Park:
Agriculture and forestry processing industry
Household appliance manufacturing, handicrafts
Machinery assembly, repair, high technology
Textile and packaging industry
A perspective on Dinh Huong – Tay Bac Ga Industrial Park – TTTFIC Group
Investment situation:
As of 2018, the industrial park has attracted 253 investment projects, including:
248 domestic investment projects with a total registered capital of 3,553 billion VND.
5 foreign investment projects with a total registered capital of 13.77 million USD.
There are 202 projects that have completed investment procedures and are in operation, mainly small and medium-sized enterprises engaged in production and business in sectors such as garment, steel processing, construction materials, and warehousing.
The total annual production value of the enterprises in the industrial park reaches about 5,000 billion VND, providing employment for over 7,000 workers.
Tax incentives of Dinh Huong – Tay Bac Ga Industrial Park:
Newly established enterprises in the industrial park with high-tech projects according to legal regulations, and software projects, benefit from a tax rate of 10% for 15 years, with a tax exemption for 4 years and a 50% reduction for the following 9 years.
For large-scale high-tech projects that require investment attraction, the application period for the 10% preferential tax rate may be extended but not exceeding 30 years. After the incentive period, the corporate income tax rate applied is 25%.
Labor resources and costs:
Labor resources:
Thanh Hoa has the third largest population in the country and a developed training system, thus meeting the demand for both quantity and quality of investors.
Abundant and cost-effective labor resources.
The expenses associated with labor:
The location of The Industrial Park is in Thanh Hoa City, which falls under Zone III.
As a result, the prevailing minimum wage in Zone III stands at 3,430,000 VND per month.
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
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Industrial real estate in industrial zones, Vietnam
