Lam Son Sao Vang Industrial Park - Thanh Hoa

Overview of Lam Son Sao Vang Industrial Park – Thanh Hoa:

The Provincial People’s Committee approved the zoning of Lam Son Sao Vang Industrial Park, located in Thanh Hoa province, at a scale of 1/2000 under Decision No. 1285/QD-UBND dated April 14, 2016. The planned area of the industrial park is approximately 537 hectares. C.T Group Construction Corporation and Central Construction Corporation undertake the infrastructure development of the industrial park. The project aims to establish advanced technical infrastructure, applying modern construction and advanced management techniques to production.

Lam Son Sao Vang Industrial Park stands as an influential player among the four vibrant economic clusters in Thanh Hoa province. The project is located in Xuan Thang and Xuan Phu communes, Tho Xuan district, and Tho Son commune, Trieu Son district, Thanh Hoa province.

Lam Son Sao Vang Industrial Park is a modern, competitive, and sustainable industrial complex. Beyond 2030, there are plans to expand an additional 130 hectares to the west of the existing industrial park, increasing the total industrial land area to 667.3 hectares. This expansion plays a crucial role in the economic development, urbanization, and regional connectivity between the plains and mountainous areas of the province.

Currently, the infrastructure of the industrial park is gradually being completed. The industrial park has attracted numerous investors from South Korea, the United States, Japan, Singapore, and other countries, who are exploring investment opportunities.

Convenient geographical location of the Industrial Park:

Lam Son Sao Vang Industrial Park in Thanh Hoa province enjoys basic advantages in terms of transportation infrastructure. The industrial park is located along the Ho Chi Minh Highway and intersects with National Highway 47. This location provides direct and convenient access to various regions within the province, interprovincial connections, the Northwest region, and neighboring Laos. The development of Tho Xuan Airport holds significant importance for overall development and investment attraction in the industrial park.

Infrastructure of Lam Son Sao Vang Industrial Park – Thanh Hoa:

Internal transportation system:

The internal transportation system divides into main roads and branch roads.

• The main road system is 39m wide.
• The branch road system is 23m wide.

Power supply system:

• The Tho Xuan transformer station, with a capacity of 110/35/6KV, supplies electricity to the urban area.
• It is located 500m west-northwest of the planned area.

Public lighting system:

The street lighting network is designed separately with a power supply system and is arranged along the transportation routes.

Water system:

A water plant with a capacity of 54,000m3/day and night supplies water to the Industrial Park.

The water plant construction is divided into two phases:

• Phase 1 has a capacity of 30,000m3/day and night.
• Phase 2 will increase the capacity by an additional 24,000m3/day and night.

Wastewater and rainwater drainage system:

• The drainage system is arranged along the roads and directed to the park’s treatment station.
• The diameter of the drainage pipes ranges from D600mm to D800mm, and it is an automatic drainage system.

Waste treatment:

The plants sort, collect, and transfer solid waste to the centralized landfill according to the town’s regulations.

Wastewater treatment:

Two wastewater treatment plants will be built in two phases:

• Phase 1: Construction of Plant No. 3 with an initial capacity of 10,000m3/day and night, which will be later increased to 15,000m3/day and night.
• Phase 2: Construction of Plant No. 4 with an estimated capacity of 5,000m3/day and night. The wastewater drainage system includes a pumping station with an estimated capacity of 300m3/day and night.

Communication system:

The communication services within the industrial park are provided by a satellite switchboard with a capacity of 90,000 subscribers.

Industries and investment incentives of The industrial Park:

Industry attracting investment The industrial Park:

• High-tech food processing
• Aircraft maintenance, repair, and operation
• Manufacturing and assembly of electronic equipment
• Production of household appliances, automotive parts, and transportation vehicles
• Several other industries.

Investment incentives:

Transportation infrastructure advantages:

• The planned area is located at the intersection of Ho Chi Minh Trail and National Highway 47, which are the two main international transportation routes of the area.
• In addition, its proximity to Tho Xuan Airport increases its attractiveness for investment in the industrial park.

Attractive tax incentives:

• Tax incentives are provided for newly established enterprises with high-tech projects in the industrial park.
• According to the legal regulations, software projects are subject to a tax rate of 10% for 15 years, with tax exemption for the first 4 years and a 50% reduction for the following 9 years.
• Additionally, tax incentives attract investments for large-scale high-tech projects.
• The possibility of extending the period for applying the 10% preferential tax rate exists, but it should not exceed 30 years.
• Once the preferential period elapses, the implementation of the corporate income tax rate of 25% takes effect.

Abundant labor resources:

• With its sizable population, Thanh Hoa province ranks third in terms of population size nationwide.
• It also has a well-developed training system, which meets the demand for both quantity and quality of labor for investors.

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