The Prime Minister established Le Mon Industrial Park as the first concentrated industrial park in Thanh Hoa province. Decision No. 186/1998/QD-TTg, dated September 25, 1998, approved the investment in the construction and operation of infrastructure for the park. Subsequently, the Prime Minister issued Decision No. 1396/QD-TTg on October 29, 2001, amending certain provisions of Decision No. 186/1998/QD-TTg.
Le Mon Industrial Park is located in Quang Hung Ward, Thanh Hoa City, Thanh Hoa Province.
Thanh Hoa Industrial Infrastructure Investment Corporation is the investor in the industrial park’s infrastructure. Le Mon Industrial Park envisions itself as a multi-sector industrial park that utilizes advanced and modern technologies, adhering to international standards and environmentally friendly practices.
Currently, the industrial park has been comprehensively and relatively completed. The industrial park has substantially accomplished the approved items. It has attracted 34 investment projects, which have created employment opportunities for approximately 24,000 workers.
Moreover, Le Mon Industrial Park enjoys a favorable location for economic exchanges and transportation of goods. This brings significant economic benefits and cost savings in transportation for investors in this area.
An overview perspective of Le Mon Industrial Park – Thanh Hoa – TTTFIC Group
Infrastructure of Le Mon Industrial Park – Thanh Hoa:
Internal Transportation:
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.
Electrical System:
The transformer station with a capacity of 110/35/22KV supplies electricity to the industrial area.
The power capacity is 40MVA. The high-voltage power grid is provided along the internal transportation system in the industrial area.
Public Lighting System:
The street lighting network is designed separately with a power supply system, arranged along the transportation routes.
Water System:
The clean water plant supplies water with a capacity of 5,000m3/day and night.
The internationally standardized water supply pipe system delivers water to the plant’s fence.
Wastewater and Rainwater System:
It is arranged along the roads and directed to the industrial park’s treatment plant.
The wastewater drainage pipes have diameters of D600mm-D800mm, and it is an automated drainage system.
Waste Management:
Solid waste from the plant is classified, collected, and transported to centralized waste disposal sites according to the town’s regulations.
Wastewater Treatment:
A wastewater treatment plant is constructed with a processing capacity of 1,300m3/day and night.
Communication System:
The industrial park meets the demand for telephone subscribers, broadband ADSL, and fiber optic cable connections.
A perspective on Le Mon Industrial Park – Thanh Hoa – TTTFIC Group
Industries and investment incentives of Le Mon Industrial Park – Thanh Hoa:
Industry attracting investment The industrial Park:
Mechanical assembly, manufacturing of spare parts, and electronic components.
Consumer goods production, handicrafts, and fine arts.
Textile and garment industry.
Food processing and agricultural products, along with some other industries.
Investment incentives:
Infrastructure Advantage in Transportation:
The industrial park is located near National Highway 1A and the North-South Expressway, as well as in close proximity to Tho Xuan Airport and Le Mon Port.
This location is highly convenient for the transportation of goods, logistics, and trade exchanges.
As a result, it helps investors save considerable time and transportation costs.
Attractive Tax Incentives:
Newly established enterprises in the industrial park with high-tech industrial projects according to legal regulations, as well as software projects, enjoy a tax rate of 10% for 15 years. The first 4 years are tax-exempt, and the subsequent 9 years witness a 50% reduction in taxes.
Large-scale high-tech projects that require attracting investments can have the period for applying the 10% preferential tax rate extended, with a maximum limit of 30 years. After the preferential period expires, the corporate income tax rate of 25% will be applied.
Abundant Labor Force:
Thanh Hoa province has the third-largest population in the country and a well-developed training system, thereby meeting the needs of investors in terms of both quantity and quality of the workforce.
Competitive Land Rental Prices and Low Labor Costs.
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
