I. Overview of Kim Son Industrial Park – Ninh Binh:
According to Document No. 1499/TTg-KTN dated August 18, 2014, issued by the Prime Minister of the Government, Kim Son Industrial Park covers an area of 200 hectares and is located in Kim Dong and Kim Trung communes, Kim Son district, Ninh Binh province, Vietnam.
The Provincial People’s Committee of Ninh Binh has approved the proposal to allow Phuc Loc Corporation to conduct surveys and implement the preparation of investment, construction, and operation of infrastructure in Kim Son Industrial Zones.
Kim Son Industrial Park fulfills all the necessary transportation conditions, both road and waterway, which are advantageous for businesses investing in the industrial park.Kim Son district has a dense network of rivers. Among them, Da River is 200 meters wide and located in the southeast of the district. Can River stretches 9.3 kilometers to the south, while Vac River originates from Hoa Lu district and flows through several districts before reaching the East Sea.
The total length of these large and small rivers exceeds 100 kilometers, and they are all influenced by tides. With this cross-sectional river system, it provides favorable and crucial conditions for irrigation, production, and transportation. National Highway 10 is the main transportation axis connecting Ninh Binh city, Yen Khanh district, and Kim Son.
Currently, Kim Son Industrial Park is conducting surveys to establish a master plan. The infrastructure of Kim Son Industrial Park will be invested in and developed in a modern and comprehensive manner. Kim Son district is included in the list of investment incentive areas for economically disadvantaged regions, thus attracting investors to participate in the industrial park and enjoy various attractive investment incentives.
Master plan map of Kim Son Industrial Park – Ninh Binh Province – TTTFIC Group
II. Infrastructure of Kim Son Industrial Park – Ninh Binh:
Customs Services:
The customs office is strategically located at the industrial park’s operational center to facilitate efficient and convenient customs procedures for businesses.
Banks:
The industrial park will install ATMs within its premises to meet the demand for card-based cash withdrawals by workers, thereby providing a highly convenient banking system for transactional activities.
Postal Services:
With a modern information technology system supporting various communication services such as data transmission, telephone, internet for the industrial park, and video conferencing, the postal services are well-equipped.
Bus Transportation:
A two-way bus system operates between Hanoi and the industrial park on a daily basis from 5 am to 8 pm, with a frequency of every 20 minutes.
Firefighting and Prevention (PCCC):
The industrial park is equipped with firefighting stations strategically placed at a maximum distance of 150 meters between fire hydrants, ensuring prompt response to any fire incidents.
Security: 24/7 security services are provided within the industrial park.
Housing: The Industrial Park is located near bustling residential areas, effectively meeting the housing and living needs of the park’s workers.
Hospitals:
There are two healthcare facilities in the vicinity of the industrial park, namely the Kim Dong and Kim Trung commune medical stations, ensuring convenient healthcare services for workers.
Schools:
Kim Son district has a full range of educational institutions, meeting business needs with skilled labor at all levels.
A perspective on Kim Son Industrial Park – Ninh Binh Province – TTTFIC Group
III. Industries attracting investment in The Industrial Park:
Transportation and seaport services
Shipbuilding
Energy
Textile and garment
Aquatic product processing
Food technology
Biotechnology for agriculture and aquaculture
Handicrafts combined with tourism services
And several other industries approved by the provincial People’s Committee.
IV. Investment incentives at Kim Son Industrial Park – Ninh Binh:
Tax incentives for corporate income:
Newly established enterprises from investment projects in areas with difficult socio-economic conditions benefit from the following tax incentives:
For a period of 10 years, they will be subjected to a tax rate of 20%.
They will receive tax exemption for the first 2 years starting from the commencement of taxable income.
They will benefit from a 50% tax reduction for the subsequent 4 years.
High technology investments in water plants, power plants, and water supply and drainage systems enjoy a tax rate of 10% for 15 years. They are exempt from taxes for the first 4 years, starting from the time taxable income is generated. Additionally, a 50% tax reduction applies for the following 9 years. These provisions are based on Decision No. 28/2012/QD-UBND issued by the People’s Committee of Ninh Binh province.
Master plan map of Kim Son Industrial Park – Ninh Binh Province – TTTFIC Group
VI. Labor force at the Industrial Park:
According to statistics, the population of Ninh Binh province was 1.12 million people in 2019, providing abundant labor force for industrial zones within the province and Gian Khoi Industrial Park.
Moreover, Ninh Binh province places great emphasis on vocational training and improving the quality of human resources.
Currently, there are 36 vocational education institutions and establishments participating in vocational education activities in the province.
These include 5 colleges, 10 intermediate schools, 12 vocational education centers, and 9 other participating establishments.
Ninh Binh has implemented comprehensive measures to develop and expand the network of vocational education institutions, promoting social participation in vocational education.
In general, these institutions have effectively conducted vocational training for the workforce across the entire province.
Labor cost:
The Industrial Zones is located in Kim Son district, belonging to Zone IV.
Therefore, the current minimum wage in Zone IV is 3,070,000 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
TTTFIC Group: Guide to Industrial Real Estate in Vietnam
Where you gain a comprehensive view of the ideal investment environment for foreign enterprises, we are TTTFIC Group, your reliable partner in the Industrial Real Estate sector.
For first-time investors in Vietnam, we assist in surveying suitable locations in Industrial Zones across the entire territory of Vietnam. We support handling investment procedures for projects.
Our Design & Build approach means that from the moment the investor completes the land lease location, we take responsibility for all steps, including obtaining IRC/ERC; DTM; Fire prevention and firefighting certificates; legal aspects of the project from the design phase; applying for construction permits; progressing to the construction phase, and completing the factory for handover to the investor in an operational state in a turnkey manner.
You don’t waste time searching, don’t incur additional consulting fees, and don’t have to spend money on investment estimates. We offer a complete package from receiving the client’s idea to completing the project, ensuring a smooth start of operations, reducing 2/3 of the time, effort, and money for you.
Services include Lease, Purchase, Sale, and M&A (Merger & Acquisition): We provide specialized information and support for your real estate needs in key business areas.
Legal Consultation: Our experienced legal team assists with real estate-related issues, ensuring smooth procedures for foreign investors.
Foreign Direct Investment (FDI) Establishment: We guide the easy establishment of foreign direct investment businesses, ensuring compliance with regulations.
Investment Project Development Consultation: From market surveys to detailed planning, we support the development of your project.
Construction Licensing & Compliance: We assist in obtaining permits, ensuring compliance with safety and environmental standards.
Registration & Tax Consultation: We handle tax compliance, ensuring your business meets all legal regulations.
With over 20 years of experience in Design & Build for FDI projects of all scales. If you’re seeking industrial real estate in Vietnam, give us a call! With a team of experienced experts, engineers, and lawyers, we have assisted thousands in property buy, sell, M&A, and industrial real estate leasing (especially investors from the US, Germany, Denmark, Sweden, the UK, Korea, Japan, Taiwan, China, India, Singapore…).
Together, we can build a prosperous and sustainable future for both businesses and communities. We look forward to collaborating with you.
Industrial real estate in industrial zones, Vietnam
