My Thuan Industrial Park is one of the largest and most modern industrial zones in Ninh Binh Province. It has risen to become a prime destination for both domestic and international investors. The strategic location of Ninh Binh 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 Ninh Binh 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, Ninh Binh 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 Ninh Binh 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 Ninh Binh Province.
Information about the investor
Dai Phong Infrastructure Construction Joint Stock Company
Address: Zone A, Lam Town, Y Yen District, Ninh Binh 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 – Ninh Binh – 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 – Ninh Binh – TTTFIC Group
III. Infrastructure of My Thuan Industrial Park – Ninh Binh
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 – Ninh Binh – 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).
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