Hong Tien Industrial Park - Ninh Binh Province

The Hong Tien Industrial Park is strategically located with excellent transportation infrastructure for the efficient movement of goods. It is adjacent to the Ninh Binh thermal power project, and the industrial zone’s infrastructure is currently being invested in and developed to completion. As a result, there is ample available land area and clean land inventory for lease, as well as industrial facilities for rent, to meet the full spectrum of leasing needs for investors participating in the park.

I. Overview of Hong Tien Industrial Park – Ninh Binh Province

Information about the Industrial Park

The establishment of Hong Tien Industrial Park was approved by the Prime Minister in Decision No. 1107/QD-TTg dated August 21, 2006, and further detailed planning adjustments were approved by the People’s Committee of Nam Dinh province in Decision No. 81/QD-UBND dated January 10, 2008.

With a planned total area of 150 hectares, the infrastructure investor of Hong Tien Industrial Park is IDICO Petroleum Investment and Development Joint Stock Company.

Furthermore, the industrial park is strategically located in the southern part of the Red River Delta, approximately 100 kilometers east-northeast of Hanoi.

• It plays a pivotal role as a gateway for cargo transportation.
• It connects northern provinces and central provinces.
• The transportation system is well-integrated.
• The system includes the North-South Unified Railway.
• It also encompasses national highways such as Route 10, Route 12, Route 21, and Route 38.

The infrastructure of Hong Tien Industrial Park is currently under construction and development, providing favorable technical infrastructure conditions for businesses investing in this sector.

With these advantages and the province’s incentive policies, the industrial park has become an attractive investment destination for numerous projects, both large and small, by domestic and foreign investors.

Information about the Investor of the Industrial Park

The investor of the industrial park is IDICO Corporation (IDICO).

Main office address: 151A Nguyen Dinh Chieu, Ward Vo Thi Sau, District 3, Ho Chi Minh City, Vietnam.

IDICO Corporation (Investment and Industrial Development Corporation) was established in 2000 as a state-owned enterprise under the Ministry of Construction. It operates in various sectors, including industrial park development, hydropower, transportation, housing, urban development, and construction. Over the years, IDICO has transformed into a strong corporation operating as a joint-stock company under the stock code IDC. It has a charter capital of 3.300 billion VND, a market capitalization exceeding 1 billion USD as of November 2021, total assets exceeding 17.013 billion VND (more than 20-fold increase), annual revenue of 7.500 billion VND, and a profit of 2.054 billion VND (according to audited consolidated financial statements as of December 31, 2022). IDICO currently has 22 subsidiaries and affiliated companies nationwide, with over 5.000 employees, a high level of management, professional expertise, and experience.

Investment Information in the Industrial Park

The total investment capital is 395 billion VND.

Typical investors come from countries such as South Korea, Japan, Hong Kong, the United States, Germany, and more.

Master plan map of Hong Tien Industrial Park – Ninh Binh Province – TTTFIC Group

II. Geographic Location of Hong Tien Industrial Park – Ninh Binh

The Hong Tien Industrial Park is situated in Yen Hong commune and Yen Tien commune, Y Yen district, Ninh Binh province, Vietnam.

The industrial Park is strategically located with access to multiple highways and national roads, most notably the 1A Highway connecting Hanoi and Ninh Binh, as well as National Route 10 (a key development axis connecting the coastal economic region of Ninh Binh province and the city of Ninh Binh).

Distances from the Hong Tien Industrial Park to various locations are as follows:

By road:

– 0,5km from National Route 10

– 25km from the city center of Ninh Binh

– 6km from the city center of Ninh Binh

– 90km from the city center of Hanoi

By air:

– 125km from Noi Bai International Airport

– 132km from Cat Bi International Airport

By sea:

– 92km from Hai Phong Port

– 25,1km from Ninh Binh Port

By rail:

-24,2km from Ninh Binh railway station

– 2,7km from Cat Dang railway station

III. Infrastructure of Hong Tien Industrial Park – Ninh Binh Province

The electrical system utilized in the industrial park is a large-capacity, environmentally-friendly solar energy system.

The water system meets the demand for both domestic and industrial use with a capacity of 20.000m3 per day and night, supplied by the industrial park’s water plant.

Waste treatment system:

• Wastewater from factories within the industrial park will be treated at a centralized waste treatment facility.
• Wastewater from households within the industrial park will also undergo treatment at the centralized waste treatment facility.
• The centralized waste treatment facility has a capacity of 7.000m3 per day and night.
• Treated wastewater will be discharged into the natural environment after the treatment process.

The telecommunications service is equipped with a modern and advanced network system that meets international standards, facilitating both domestic and international communication.

The internal road network has 2 lanes,23m wide, while the main road has 4 lanes, 32m wide, for large vehicles.

The designers have based the greenery system on the principles of being green, clean, and beautiful, with the aim of reducing emissions from the leased workshops.

The fire protection system is installed adjacent to the clean water system to ensure the safety of the industrial park.

IV. Industries attracting investment in The Industrial Park

• Mechanical engineering and machining.
• Textiles, including spinning, weaving, dyeing, and garment production.
• Electrical and electronic industries.
• Pharmaceuticals.
• Food processing, including rice processing and food manufacturing.
• Wood processing and woodworking.
• Packaging and printing.

These industries are the main focus of the Hong Tien Industrial Park project, aiming to attract investments and promote economic growth in the region.

V. Investment Costs in Hong Tien Industrial Park – Ninh Binh

Land Lease Price: $50 USD/m2. The land lease period is 50 years, from 2015 to 2065.

Management Fee: $0,4 USD/m2/year.

Wastewater Treatment Fee: $0,3 USD/m3.

• Water quality before treatment: Type B.
• Water quality after treatment: Type A.

Electricity Rates:

• Peak Hours: $0,1 USD/kWh.
• Off-Peak Hours: $0,05 USD/kWh.
• Standard Hours: $0,075 USD/kWh.

Water Price: $0,4 USD/m3.

• Water supply is provided by Ninh Binh Water Supply Corporation.

VI. Investment advantage at Hong Tien Industrial Park – Ninh Binh Province

Regarding taxes:

Corporate income tax (Decree No. 218/2013/NĐ-CP): Exemption from corporate income tax for 2 years and a 50% reduction in tax payable for the following 4 years when investors invest in the industrial park.

Land rental fees (Decree No. 46/2014/NĐ-CP): Exemption from land rental fees for:

• Projects using land to build housing for workers in industrial parks, as approved by the competent authority.
• Land for common infrastructure construction in industrial parks, industrial clusters, and export processing zones according to the approved planning as stipulated in Article 149(2) of the Land Law.

Legal procedures: The “one-stop” administrative procedure and streamlined coordination are very convenient and efficient for investors.

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