Minh Quang Industrial Park - Hung Yen

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Information
Operating time: 2008 - 2058
Total Area: 150 Ha
Infrastructure investors: VID HUNG YEN JOINT STOCK COMPANY
Price: 50 USD/m2
Building density: 60%
Occupancy: 33.6%
Address: Bach Sam Commune, My Hao District, Hung Yen Province

Overview of Minh Quang Industrial Park – Hung Yen:

The inception of Minh Quang Industrial Park can be traced back to the Prime Minister’s Document No. 1159/TTg-CN dated August 21, 2007. This document incorporated Quang Minh Industrial Park into Vietnam’s industrial park development plan. Subsequently, the People’s Committee of Hung Yen Province issued Decision No. 542/QD-UBND on March 4, 2008, granting official approval for the detailed 1/200 scale plan of Minh Quang Industrial Park.

Minh Quang Industrial Park is located in Bach Sam Commune, My Hao District, Hung Yen Province.

It covers an area of 150 hectares, with infrastructure investment led by VID Hung Yen Joint Stock Company.

On November 16, 2020, the Hung Yen People’s Committee granted land to VID Hung Yen Joint Stock Company to carry out construction and industrial infrastructure business in Minh Quang Industrial Park – Hung Yen, as stated in Decision No. 2696/QD-UBND.

Minh Quang Industrial Park – Hung Yen has attracted numerous domestic and foreign investors since the early days of the industrial park’s construction project. With advantages such as a favorable geographical location, well-developed infrastructure, and abundant workforce, Minh Quang Industrial Park promises to be a highly potential industrial park that contributes to transforming Hung Yen Province into a modern, rapidly growing, and sustainable industrial province.

Hung Yen Envisions this industrial park as a “golden land” with immense potential to drive its economic breakthrough, gradually transforming the province into an industrialized and modernized region in alignment with the nation’s goals of industrialization and modernization.

Master planning map of Minh Quang Industrial Park - Hung Yen - TTTFIC Group

Master planning map of Minh Quang Industrial Park – Hung Yen – TTTFIC Group

The infrastructure of Minh Quang Industrial Park – Hung Yen:

Internal Transportation:

  • The central area of the industrial park features wide roads measuring 28m, while the branch roads are 20.5m wide.
  • The street lighting system is installed along the roadways.

Electricity System:

A 110kV power grid is supplied along the internal transportation roads within the industrial park.

Public Lighting System:

The street lighting network is specifically designed with a separate household power supply system arranged along the traffic routes.

Water System:

The water supply system is connected up to the perimeter walls of each business, with a capacity of 4,000 m3/day.

Wastewater and Rainwater Drainage System:

  • The rainwater drainage system collects water through a network of drains and discharges it into rivers within the area.
  • The wastewater is collected and sent to the industrial wastewater treatment plant.

Waste Management:

The industrial park’s facility will sign contracts with specialized units for waste classification, collection, and transportation to ensure proper disposal and prevent environmental pollution.

Wastewater Treatment:

  • Businesses treat all industrial and domestic wastewater to meet the minimum Standard B water quality before discharging it into the common wastewater system of the park.
  • Subsequently, the industrial park will continue to treat the wastewater according to the regulations set by the Vietnamese government, with a capacity of 9,000 m3/day.

Communication System:

  • The communication network meets international standards and is always ready to meet communication needs.
  • Underground fiber optic cables are directly connected to each business’s perimeter fence.

Firefighting System:

Strategically placed along the industrial park’s roadways is a water supply system with fire hydrants.

Minh Quang Industrial Park - Hung Yen - TTTFIC Group

Minh Quang Industrial Park – Hung Yen – TTTFIC Group

Industries attracting investment in The Industrial Park:

  • Manufacturing and assembly of electrical, electronic, and refrigeration equipment.
  • Production of paper, packaging, ceramics, and porcelain.
  • Processing of agricultural and forestry products, as well as food processing.
  • Manufacturing of consumer goods.
  • General light industry.

Advantages of investing in Industrial Park:

Labor Costs:

Minh Quang Industrial Park is located in My Hao District, Hung Yen Province, belonging to Zone II.

The current minimum wage in Zone II is 3,920,000 VND per month.

Tax incentives:

Regarding corporate income tax:

  • Enjoy a tax rate of 10% for 15 years and be exempt from tax for 4 years, with a 50% reduction in tax payment for the following 9 years for income derived from new investment projects in certain specially privileged investment sectors as stipulated by the laws on corporate income tax.
  • Benefit from a tax rate of 17% and be exempt from tax for 2 years, with a 50% reduction in tax payment for the following 4 years for income derived from new investment projects in sectors such as premium steel production, energy-saving product manufacturing, production of machinery and equipment for agriculture, forestry, fisheries, and salt production, irrigation equipment manufacturing, production and refining of livestock, poultry, and aquaculture feed, etc.
  • Be exempt from corporate income tax for 2 years and receive a 50% reduction in tax payment for the following 4 years for enterprises implementing new investment projects in the industrial park.

Regarding import tax:

The laws on export tax and import tax regulate the exemption of investment projects in the industrial park from import tax on imported goods used to create fixed assets.

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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.
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  • 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


TTTFIC Group 

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