My Thuan Industrial Park is one of the largest and most modern industrial zones in Nam Dinh Province. It has risen to become a prime destination for both domestic and international investors. The strategic location of Nam Dinh Province, coupled with excellent connectivity to major transportation networks, positions this area as a future powerhouse for industrial and commercial development.
I. Overview of My Thuan Industrial Park – Nam Dinh
Information about the industrial park
The project to invest in the construction and operation of infrastructure for My Thuan Industrial Park in Nam Dinh Province was approved by the Prime Minister’s decision No. 282/QD-TTg on February 26, 2021, with the investor being Dai Phong Infrastructure Construction Joint Stock Company, with a total investment capital of over 1,620 billion VND. The project covers a land area of 158,48 hectares, within the administrative boundaries of My Loc District and Vu Ban District, Nam Dinh Province, Viet Nam.
According to the approved detailed plan, the total land area for industrial leasing in My Thuan Industrial Park is 118,96 hectares (accounting for 75%), while the land area for technical infrastructure, greenery, and roads is nearly 38 hectares (accounting for 23% of the planned area).
On November 25, 2021, the People’s Committee of Nam Dinh Province organized a groundbreaking ceremony for the construction of infrastructure for My Thuan Industrial Park, with a commitment from the investor that the project would commence operation in 2022.
My Thuan Industrial Park focuses on enhancing its management system, developing utility service activities to increase benefits for customers, and becoming a sustainable development partner for businesses.
The investment situation
Currently, the My Thuan Industrial Park has essentially completed the technical infrastructure components of the industrial zone and has commenced leasing operations. In its initial stages, the project has successfully attracted major investment projects from Taiwan, South Korea, and beyond.
Notable examples include the laptop manufacturing project by Quanta Group from Taiwan and the high-tech household appliance manufacturing project by Jia Wei Group, also from Taiwan. These developments have solidified My Thuan Industrial Park as the most prominent new industrial zone in the recent period within Nam Dinh Province.
Information about the investor
Dai Phong Infrastructure Construction Joint Stock Company
Address: Zone A, Lam Town, Y Yen District, Nam Dinh Province, Vietnam.
With a solid foundation in the field of basic construction, Dai Phong Infrastructure Construction Joint Stock Company has expanded its investment portfolio and successfully developed the Yen Duong Industrial Cluster in Nam Dinh Province, covering an area of 75 hectares. Additionally, we are currently in the process of constructing the technical infrastructure for the Xuan Thu Craft Village Industrial Cluster in Soc Son, Hanoi, spanning 70 hectares.
In early 2021, Dai Phong Infrastructure Construction Joint Stock Company received the Government’s Investment Decision to develop and operate the infrastructure of the My Thuan Industrial Park, as endorsed by the Prime Minister. With professionalism, experience, dedication, and passion, within just 9 months of receiving the investment approval, Dai Phong Infrastructure Construction Joint Stock Company completed all legal procedures and commenced the construction of the technical infrastructure for the My Thuan Industrial Zone on November 26, 2021.
My Thuan Industrial Park – Nam Đinh – TTTFIC Group
II. Geographical location of My Thuan Industrial Park
Located strategically at the northern gateway of the province, My Thuan Industrial Park offers economic advantages for investment attraction and socio-economic development. With a well-connected transportation network, it is adjacent to National Highways 21 and 21B, providing convenient access to major cities like Ha Noi, Hai Phong, Ha Nam, and Ninh Binh. Here are the specific distances:
It is just 18km away from Liem Tuyen interchange on Expressway No. 01.
National Highway 21B is at a distance of 0,1 km.
Noi Bai International Airport is located 120 km away.
The capital city of Hanoi is approximately 80km away.
Nam Dinh Port is at a distance of 11,7 km.
Hai Phong Port is at a distance of 95 km.
Lang Son Border Gate is situated 234km away.
My Thuan Industrial Park – Nam Đinh – TTTFIC Group
III. Infrastructure of My Thuan Industrial Park – Nam Dinh
Transportation system
Main road with two wide lanes, 36 meters wide, and branch roads, 21 meters wide
The internal road system of the industrial park connects with National Highway 21 and National Highway 1A, Phap Van – Hanoi Expressway
Electricity source
Phase 1: 180MVA, station 110/220KV
The investor has agreed with EVN Group to ensure power supply.
We arrange high voltage electricity for the factory, The Client doesn’t pay money for of electrical connection and construction.
Electricity ensures stability for production.
Water supply station
Capacity:20.000 m3/day for the industrial park
HDPE pipe, DK 110 – 200
Water source: From Dao River, the cleanest river in the area.
Drainage system
Separate drainage system for rainwater and industrial wastewater. The diameter of rainwater drainage pipes is D600-D1500, designed for automatic drainage.
Telecommunication and internet
The telecommunication system meets international standards, providing high-speed communication and data transmission.
Fire protection
Building a fire prevention station in an industrial park with an area of up to 1075 m2 There is 1 lake with a volume of 300 m3, and 1 pumping station. The fire hydrants are arranged along the road, the distance is < 150m per pole. There is also a 3-hectare wide conditioning lake that can use water in case of an incident.
My Thuan Industrial Park – Nam Đinh – TTTFIC Group
IV. Industries attracting investment in My Thuan Industrial Park
The industries that attract investment in My Thuan Industrial Park include mechanical engineering, electrical and electronics, agro-food processing, construction materials manufacturing, and other light industries. These sectors align with the investment situation and the province’s development policy.
V. Investment Costs
Land rental price: Negotiable price (Including 50-years land tax, excluding VAT)(108-115 USD/m2).
Management fee: 0,5 USD/m2/year (Excluding VAT)
Price Clean Water: 0,6 USD/m3 (Excluding VAT). Investors do not have to pay for clean water connection
Price of wastewater treatment to column A: 0,5 USD/m3 (Excluding VAT)
Electricity: According to the state price. Reference price: 0,05 USD/KWh.
VI. Investment incentives of My Thuan Industrial Park
Corporate income tax incentives
The tax rate is 20% for newly established investment projects, free for 2 years and a 50% reduction for the next 4 years. (according to Decree No. 2018/2013/ND-CP)
Import and export tax incentives
Exemption of import tax for goods imported to create fixed assets, raw materials, supplies, and components imported for production by the law on import and export tax. (According to the Law on Export Tax Import No. 107/2016/QH13).
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
