Dong Van 3 Industrial Park - Ninh Binh

Overview of Dong Van 3 Industrial Park – Ninh Binh

The People’s Committee of Ninh Binh province issued Decision No. 552/QD-UBND to establish Dong Van 3 Industrial Park – Ninh Binh on April 25, 2017. The industrial park is located in Dong Van Ward, Tien Noi, and Hoang Dong, Duy Tien district, Ninh Binh province.

The Industrial Park Infrastructure Development Joint Stock Company develops the industrial park with a planned area of 523 hectares by 2020 (with an expansion possibility to 800 hectares).

Dong Van 3 Support Industrial Park is divided into three phases:

• Phase 1: Industrial land area of 131.59 hectares (92.56 hectares for industrial purposes).
• Phase 2: Industrial land area of 168.4 hectares (117.74 hectares for industrial purposes). On September 20, 2019, the Prime Minister issued Decision No. 1233/QD-TTg, approving the investment policy for Phase 2, with a total investment of 1,272 billion VND.
• Phase 3: Industrial land area of 223 hectares (awaiting the Prime Minister’s approval for the investment policy).

The Industrial Park designates itself as a support industrial park, exclusively intended for Japanese investors, with an operational period of 70 years from the date of establishment.

Saigon Newport Corporation invests in the Inland Container Depot (ICD) located in Dong Van 3 Industrial Park.

Notably, the industrial park provides rental workshop areas for small enterprises, ranging from 500 to 1,000 square meters or larger, based on the investors’ needs.

The establishment of Dong Van 3 Industrial Park is expected to generate substantial benefits for the industrial sector in general and actively contribute to the overall economic development of Ninh Binh province.

Currently, there are 40 investment projects in the park, including 36 Japanese FDI projects with a total investment of 305.496 million USD, and 4 domestic direct investment (DDI) projects with a total investment of 431.35 billion VND.

Infrastructure of Dong Van 3 Industrial Park – Ninh Binh

Internal transportation:

• The intelligent industrial park transportation system allows for easy movement.
• Street lighting extends along the central road.
• The central road and branch roads are spacious, with the main road measuring 42m and the branch roads measuring 12-20-30m.

Electricity system:

•  Ninh Binh province commits to providing uninterrupted supply from the 22KV power source.
• The transformer station of Dong Van 3 has been operational since 01/2018.

Public lighting system:

The street lighting network is designed separately from the residential power supply system and is arranged along the traffic axes.

Water system:

The capacity is 11,500m3/day-night, with a maximum capacity of 200,000m3/day-night.

Wastewater and stormwater system:

• Separately, the wastewater and stormwater systems (consisting of industrial wastewater and domestic wastewater) are constructed.
• The system collects stormwater and discharges it into rivers within the area.
• The industrial park’s industrial wastewater treatment plant collects and processes the wastewater.

Waste treatment:

Companies within the industrial park will sign contracts for waste classification, collection, and transportation with units responsible for waste classification, collection, and transportation, ensuring their removal from the industrial park to prevent environmental pollution.

Wastewater treatment:

• Businesses will treat all industrial wastewater and domestic wastewater to achieve at least the minimum standard of Grade C water before they discharge it into the common wastewater system of the industrial park.
• Subsequently, the industrial park will continue to treat the wastewater to meet the standards set by the Vietnamese government.

Communication system:

• The telecommunications system meets international standards and is ready to meet all communication needs.
• The underground fiber optic cable system is directly connected to each enterprise’s premises along the perimeter fence.

Industries attracting investment in The Industrial Park:

• Mechanical engineering, assembly, automobiles, motorcycles
• Electrical, electronics, telecommunications, information technology
• Supporting industries, new materials
• Other supporting industries.

Advantages of investing in Industrial Park:

Labor cost:

• Dong Van III Industrial Park is located in Duy Tien district, belonging to Zone III.
• Therefore, the current minimum wage in Zone III is 3,430,000 VND per month.

Investment incentives:

• Exemption from land rent for the first 20 years, until March 31, 2037.
• Corporate Income Tax (CIT): Tax exemption for 4 years and a 50% reduction in the tax payable for the following 9 years.
• Lease term: Up to 70 years (until 2087).

FB: https://www.facebook.com/TTTFICgroup