Gia Binh I Industrial Park - Bac Ninh

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Information
Operating time: 2021 - 2071
Total Area: 306,69 ha
Infrastructure investors: Bac Ninh Industrial Infrastructure Investment and Business Company
Price: 115 USD/m2
Building density: 60%
Occupancy: 5%
Address: Dong Cuu, Lang Ngam, and Dai Bai communes, Gia Binh district, Bac Ninh province, Vietnam

Gia Binh I Industrial Park in Bac Ninh Province received its final zoning approval of 306,69 hectares in March 2022. The investor, Construction and Infrastructure Investment LLC, plans to invest VND 2.578,246 trillion in land clearance and infrastructure development, aiming for readiness by Q3 2022 as per the Prime Minister’s Decision No. 224/QD-TTG and Bac Ninh Provincial People’s Committee’s Decision No. 127/QD-UBND.

I. Overview of Gia Binh I Industrial Park – Bac Ninh:

Gia Binh I Industrial Park received detailed construction planning approval from the Bac Ninh Provincial People’s Committee on May 12, 2009, at a scale of 1/2000. After two adjustments to the zoning plan in 2018 and 2021, Gia Binh I Industrial Park underwent its final planning adjustment in March 2022. On March 17, 2022, the Bac Ninh Provincial People’s Committee issued Decision No. 124/QD-UBND approving the adjusted zoning plan for Gia Binh I Industrial Park at a scale of 1/200. Accordingly, the total area of Gia Binh I Industrial Park will be 306,69 hectares.

On February 22, 2021, the Prime Minister bestowed Decision No. 224/QD-TTG, delineating the investment strategy for the establishment and management of the infrastructure within Gia Binh I Industrial Park, situated in Gia Binh District of Bac Ninh Province. Subsequently, on April 12, 2021, the Bac Ninh Provincial People’s Committee issued Decision No. 127/QD-UBND to establish Gia Binh I Industrial Park.

The investor of Gia Binh I Industrial Park is the Construction and Infrastructure Investment Limited Liability Company under Bac Ninh Industrial Infrastructure Investment and Business Company, a subsidiary of Capella Real Estate Joint Stock Company. This company has experience investing in several industrial parks in Vietnam, including Thanh Liem Industrial Park (Ha Nam), Tam Thang Industrial Park (Quang Nam), Yen Lu Industrial Park (Bac Giang), Nham Son Yen Lu Industrial Cluster (Bac Giang), and Cam Lien Industrial Park (Quang Binh).

Investment cost:

The total investment capital for this project is VND 2.578,246 trillion. Currently, the investor is coordinating with local authorities to implement the compensation and land clearance plan according to regulations. At the same time, they are also implementing solutions related to the lives of workers in the industrial park.

Investors will invest in synchronized technical infrastructure for the industrial park to ensure its development and attract both domestic and foreign investors. They expect to clear the land and have the infrastructure ready for handover by the third quarter of 2022.

Master plan map of Gia Binh I Industrial Park - Bac Ninh - TTTFIC Group

Master plan map of Gia Binh I Industrial Park – Bac Ninh – TTTFIC Group

II. Geographical Location of Gia Binh I Industrial Park – Bac Ninh:

Gia Binh I Industrial Park is a planned concentrated industrial park, environmentally friendly, with a synchronized and modern system. The industrial park is located in Dong Cuu, Lang Ngam, and Dai Bai communes, Gia Binh district, Bac Ninh province, Vietnam.

Gia Binh I Industrial Park enjoys a favorable transportation location with easy access to residential areas and proximity to national highways. The industrial park is situated on National Highway 17, connecting to National Highway 18, which links Bac Ninh province to the Hai Phong port and Cai Lan port in Quang Ninh province. It is also adjacent to the Ring Road 4, connecting Vinh Phuc – Hanoi – Hung Yen – Bac Ninh – Bac Giang.

Goods entering and exiting the industrial park can be easily transported by road, sea, and air:

  • Distance to Hanoi city center: 39 km
  • Distance to Bac Ninh city center: 24 km
  • Distance to Noi Bai International Airport: 57 km
  • Distance to Hai Phong port: 72 km, distance to Quang Ninh deep-water port: 128 km
  • Distance to Bac Ninh railway station: 24 km, Lim railway station: 25 km, Tu Son railway station: 29 km
  • Distance to National Highway 17: 90 meters

With these advantages, significant transportation costs can be saved for investors when investing in this location.

III. Infrastructure at Gia Binh I Industrial Park – Bac Ninh:

Transportation System:

The road transportation system is well-designed, ensuring smooth traffic flow throughout the industrial park. Internal road networks account for 15% of the total area of the industrial park.

  • Main roads within the industrial park are 32 meters wide with four lanes.
  • Branch roads within the industrial park are 23 meters wide with two lanes.
  • Sidewalks along the roadways are 6 meters wide.

Power System:

  • Gia Binh I Industrial Park is supplied with electricity from the national grid through a 110/22kV transformer station with a capacity of 2×40 MVA.
  • The power transmission system runs along the land plots, guaranteeing stable and sufficient power supply for all investors.

Public Lighting System:

A dedicated power supply system is equipped along the transportation routes within the industrial park to design the lighting network separately.

Water Supply:

In addition to the groundwater source provided by the water plant, Gia Binh I Industrial Park has also constructed a separate water supply network using large capacity reservoirs to ensure stable and sufficient water supply for operating businesses.

Wastewater and Rainwater Drainage System:

They build a separate wastewater drainage system, which undergoes a two-step treatment process (local treatment facility and then centralized treatment for the entire area) to meet environmental standards before discharging into the central system.

Waste Treatment:

  • Waste within the industrial park is sorted directly at each factory.
  • Hazardous and non-hazardous waste is classified and transported to the centralized waste treatment area as regulated.
  • The wastewater treatment plant has a designed capacity of 10.665m3/day and night.

Fire Protection System:

The industrial park installs firefighting equipment along the roads, ensuring a timely response with firefighting hoses in case of emergencies.

Communication System:

The underground communication cable system equips the industrial park, providing connections to the factory fence through an international standard cable system with 1.000 domestic and international connections.

Transportation connectivity to Gia Binh I Industrial Park - Bac Ninh - TTTFIC Group

Transportation connectivity to Gia Binh I Industrial Park – Bac Ninh – TTTFIC Group

IV. Key Industries in the Industrial Park:

Gia Binh I Industrial Park focuses on attracting the following industries:

  • Manufacturing electronic components and equipment.
  • Textile and garment.
  • Processing industries (food processing, animal feed, aquaculture).
  • Construction materials.
  • Machinery manufacturing.
  • High-tech industries.
  • Pharmaceutical production and medicinal herbs.
  • Plastic product manufacturing.
  • Other supporting industries.

V. Investment Costs at Gia Binh I Industrial Park – Bac Ninh:

  • Infrastructure Rental Fee: $115 USD/m2 (This fee does not include VAT and may vary depending on the location and land area)
  • Minimum Rental Area: 10.000m2
  • Industrial Park Management Fee: $0,42 USD/m2/year (excluding VAT)
  • Clean Water Supply Price: $0,49 USD/m3
  • Wastewater Treatment Fee: $0,47 USD/m3 (calculated based on 80% of the water supply)
  • Electricity Supply Price: According to the state’s pricing framework (ranging from $0,06 to $0,12 USD/kWh)
A perspective on Gia Binh I Industrial Park - Bac Ninh - TTTFIC Group

A perspective on Gia Binh I Industrial Park – Bac Ninh – TTTFIC Group

VI. Labor Source and Costs at Gia Binh I Industrial Park – Bac Ninh:

Labor Source:

With a total population of 1,5 million in Bac Ninh province, including over 120.000 people from Gia Binh district and neighboring Hai Duong province with approximately 1,9 million people, Gia Binh I Industrial Park is located in one of the easiest labor recruitment areas in Bac Ninh currently.

Situated in a region with a high-quality workforce, the labor force at Gia Binh I Industrial Park has a training rate of 69% (ranking 5th nationwide). This enables quick access to advanced technologies, modern machinery, and advanced management skills to meet the requirements of investors.

Abundant and young labor force meets the demand for general labor in various industries. With its proximity to Hanoi, professionals and technical staff can easily participate in the development of factories and businesses.

The average monthly salary for general labor ranges from 6 to 9 million VND.

Engineers and specialized department staff will have higher salaries depending on the job position, ranging from 8 to 25 million VND.

Labor Costs:

  • Gia Binh I Industrial Park is located in Gia Binh district, which belongs to Zone II.
  • The current minimum wage in Zone II is 3.920.000 VND per month.

VII. Investment Incentive Policies at Gia Binh I Industrial Park – Bac Ninh:

Corporate Income Tax:

  • Continuous incentives apply from the first year for enterprises with taxable income from investment projects.
  • Enterprises that have no taxable income for the first three years from the project’s revenue will calculate tax exemption or reduction from the fourth year.
  • General Incentives: 2-year tax exemption and 50% reduction for the next 4 years (applicable tax rate: 20%)
  • Incentives for High-Tech and Supporting Industries: 10% preferential tax rate for 15 years, 4-year tax exemption, and 50% reduction for the following 9 years.

Import Tax:

  • Exemption of import tax for goods used as fixed assets in the project (equipment, machinery, specialized transportation vehicles in the production line, transportation vehicles for workers, components, spare parts, molds, accessories accompanying equipment, machinery, and raw materials used in the production line or for manufacturing components, spare parts, molds, and accessories accompanying equipment, machinery; construction materials that have not been domestically produced).

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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


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