Nomura Industrial Park – Hai Phong was established on December 23, 1994, under Investment License No. 1091/GP issued by the State Committee for Cooperation and Investment. It was the first industrial zone with direct foreign investment in the Northern provinces region and also one of the earliest industrial zones in Hai Phong. Following a share transfer process, Nomura Industrial Park – Hai Phong was renamed to Japan Industrial Park – Hai Phong, as per Decision No. 412/QD-UBND dated February 14, 2023, based on a proposal from the new investor.
I. Overview of Japan Industrial Park (Nomura)
Information about the industrial park
Japan Industrial Park in Hai Phong, previously called the Nomura Hai Phong Industrial Park, became the first foreign-invested industrial zone in the North. It has well-built and modern infrastructure, making it a successful industrial zone in the country. It was established on December 23, 1994, through a joint venture between the Hai Phong City People’s Committee and Nomura Financial Group from Japan.
In the proposal submitted on January 12, 2023, the Japan Industrial Park – Hai Phong Development Company requested adjustments to various aspects, including investor information, business registration details, and investment project content. All these adjustments are specifically related to changing the industrial zone’s name from Nomura Industrial Park – Hai Phong to Japan Industrial Park – Hai Phong.
Planning
Covering a total area of 353 hectares, the Japan-Hai Phong Industrial Zone consists of Phase 1, which occupies 153 hectares and received an investment capital of USD 140 million. Phase 1 has almost reached full capacity. Currently, the Japan-Hai Phong Industrial Zone is constructing the infrastructure for Phase 2, spanning 200 hectares. This expansion will provide ample clean land funds for potential investors.
The Japan-Hai Phong Industrial Zone has attracted numerous leading global investors, with significant sources of foreign direct investment (FDI) from Japan, the United States, the EU, and South Korea. Notably, several high-tech projects from Phase 1, such as Robotech, Yazaki, Toyoda Gosei, Toyota Boshoku, Pioneer, and GE, have been operating effectively.
Information about the investor
The investor is the Japan – Haiphong Industrial Zone Development Corporation.
Address: Japan – Haiphong Industrial Zone Management Building, Tan Tien Commune, An Duong District, Hai Phong City, Vietnam.
The project has an investor, Nomura Industrial Park Development Joint Stock Company – Hai Phong (a joint venture between Hai Phong City and Nomura Holdings INC from Japan).
On July 25, 2022, Nomura Holding, INC. transferred its entire 70% stake in Nomura Asia Investment (Vietnam) Pte. Ltd (NAIV), equivalent to a 70% stake in the Nomura Industrial Park – Hai Phong, to PC1 Group Joint Stock Company.
Subsequently, Nomura – Haiphong Industrial Zone Development Corporation – Hai Phong was renamed to Japan – Haiphong Industrial Zone Development Corporation.
A Corner of Japan Industrial Park – Hai Phong Province – TTTFIC Group
II. Geographical location
Japan Industrial Park is located in National Highway 5, An Duong district, Hai Phong city, Viet Nam.
Japan Industrial Park has a favorable location with convenient transportation, situated along National Highway 5 at the Quan Toan intersection, the gateway to Hai Phong port city.
Distances from Japan Industrial Park to various locations are as follows:
– 20 km from Cat Bi International Airport
– 90km from Hanoi
– 13km from the city center of Hai Phong
– 45km from Hai Phong International Container Terminal
– 60km from Cai Lan International Container Terminal
– Approximately 100km from the nearby Noi Bai International Airport
– Vat Cach railway station is within 3,6km.
III. Infrastructure of Japan Industrial Park
– The internal transportation system comprises main roads and branch roads, with main roads measuring 30m and 20m in width and paved with asphalt concrete for heavy-duty vehicles. Branch roads are 6-9m wide.
– The city’s surrounding roads in the north and south adhere to international standards, granting access to ports and airports.
– The industrial zone operates its own 50MW power plant, ensuring round-the-clock electricity supply and meeting specific enterprise requirements.
– Water supply for the industrial zone is sourced from the Vat Cach Water Plant with a capacity of 13.500m3/day and night.
– Wastewater and stormwater follow the road network and flow towards the industrial zone’s treatment station.
– Solid waste from factories undergoes sorting, collection, and transportation to the city’s central landfill.
– The industrial zone features an underground wastewater treatment plant capable of handling 10.800m3/day and night.
– Within the Japanese Industrial Park, a post office caters to over 50 businesses, offering various services such as domestic and international postal services, courier services (Vnquickpost, UPS, DHL), domestic money transfer, postal savings, prepaid phone card sales, and insurance services for vehicles.
A perspective on Japanese Industrial Park – Hai Phong – TTTFIC Group
IV. Investment costs in the Japan Industrial Park
Project Duration
– The project is valid for 50 years from the date of investment certification.
– Investors can lease for the long term or transfer their investment.
– During the lease, investors can sublease or transfer to other small-scale investors.
Investment Costs
– Rental price with existing infrastructure: 120 USD/m2.
– Electricity price: Electricity supply from an independent power plant with a capacity of 50 MW, 380 V: 0,12 USD/KWh (Customers consuming over 100.000 KWh/month are charged 0,1 USD/KWh during nighttime from 22:00 to 04:00 the next morning) (Prices exclude tax).
– Labor cost: Estimated at 200-500 USD/person/month, depending on job position.
– Management fee: 0,4 USD/m2/year.
V. Attracting Investment Sectors
The Japan Industrial Park welcomes investors in high-tech, low-pollution, and light industries.
– Electronics manufacturing and assembly.
– Precision engineering.
– Machinery and equipment fabrication.
– Automotive and motorcycle components.
– Maritime equipment.
– Packaging.
– Textile and garment.
– Premium paper production.
The transportation of Japanese Industrial Park – Hai Phong – TTTFIC Group
VI. Investment Incentives in the Japan Industrial Park
Tax Benefits:
– Corporate Income Tax (Decree No. 218/2013/NĐ-CP): Exemption from corporate income tax for 2 years and a 50% reduction in the payable tax amount for the following 4 years for investors in the industrial zone.
– VAT Exemption: For export processing enterprises certified as investment projects.
Land Rental Fees (Decree No. 46/2014/NĐ-CP):
– Projects using land for constructing workers’ housing in industrial zones with authorized approved projects.
– Infrastructure construction land within the industrial zone, industrial clusters, and export processing zones according to approved planning, as stated in Article 149, Clause 2 of the Land Law.
Legal Procedures: Streamlined and efficient one-stop administrative procedures, facilitating a smooth and expedited process for investors.
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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Industrial real estate in industrial zones, Vietnam
