My Trung Industrial Park - Ninh Binh Province

My Trung Industrial Park is considered a potential area within Ninh Binh Province that is attracting both domestic and foreign investors, particularly those from Japan, South Korea, Taiwan, and Singapore.

I. Overview of My Trung Industrial Park – Ninh Binh

Information about the Industrial Park

The Industrial Park is situated in a prime location, adjacent to National Highway 10 and near the city of Ninh Binh. With this strategic location, the transportation, connectivity, and transactions of businesses with other provinces are convenient and straightforward.

Since late 2006, Hoang Anh Shipbuilding Industry Company Limited initiated the investment, construction, and operation of the industrial Park’s infrastructure. However, due to financial difficulties, starting in early 2012, the People’s Committee of Ninh Binh Province agreed in writing to allow Hoang Anh Company to seek a partner for the transfer of My Trung Industrial Park. To date, a new investor has not been found. In July 2017, the Management Board of Ninh Binh Province’s industrial Parks issued Decision No. 41/QD-BQLCKCN to revoke the investment certificate of Hoang Anh Company. As of now, the transfer of My Trung Industrial Park to a new investor has not been completed due to various obstacles.

Investment Situation in the Industrial Park

As of the end of June 2013, My Trung Industrial Park had attracted 14 investment projects, including:

• 12 domestic projects with a total registered capital of 1.420 billion VND.
• 2 FDI projects from Hong Kong and Japan with a total capital of 23 million USD.
• Attracted nearly 2.000 laborers currently working in businesses within the industrial Park.

Industrial Park Scale

• Total area: 150,68 hectares.
• Land for factory and workshop construction: 103,10 hectares.
• Leased land area: 27,9 hectares (27,1%).
• Occupancy rate: 30%.

Information about the Investor of the Industrial Park

The investor of the Industrial Park is Hoang Anh Shipbuilding Industry Joint Stock Company.

Main headquarters address: Km 102+180 National Highway 10, Loc Ha Ward,  Ninh Binh Province, Vietnam.

II. Geographic Location of My Trung Industrial Park – Ninh Binh

My Trung Industrial Park is situated in My Trung, My Phuc, and My Tan Communes, My Loc District, Ninh Binh Province, Vietnam.

The industrial Park boasts a strategic location, specifically near National Highway 10 and the city of Ninh Binh. This advantageous location facilitates the transportation, connectivity, and transactions of businesses with other provinces.

By road:

• 3km from Nam Dinh City.
• 87km from Hanoi City Center.
• 0,2km from National Highway 10.

By waterway:

• 52km from Haithinh Port.
• 91km from Hai Phong Port.
• 5,8km from Nam Dinh Port.

By air:

• 113km from Noi Bai International Airport.
• 102km from Cat Bi International Airport.

By rail:

• 60km from Nam Dinh railway station.

III. Infrastructure of My Trung Industrial Park – Ninh Binh

Internal Transportation:

• The main road is 31,4m wide with 4 lanes.
• The branch road within the industrial zone is 18,5m and 13,5m wide.

Electricity System:

• The power grid consists of 110KV and 220KV lines.
• The power grid has a power capacity of 30MVA.
• The power grid supplies electricity to the factory’s perimeter.

Public Lighting System:

• They design the street lighting network separately with a power supply system for residential use, arranging it along the traffic axes.

Water System:

• Water is supplied from the province’s clean water plant with a large capacity of 20.000 m3 per day and night.

Wastewater and Stormwater System:

• They build the stormwater drainage system separately and treat and discharge it in compliance with the current state regulations.

Waste Treatment:

• The investor will enter into a service contract with licensed professional waste treatment units, by the regulations.

Wastewater Treatment:

• The wastewater treatment plant has a capacity of 7.000 m3 per day and night.

Communication Information System:

• The communication information system meets international standards and fulfills all requirements for efficient and prompt communication services both domestically and internationally.

IV. Industries attracting investment in My Trung Industrial Park – Ninh Binh

• Mechanical assembly and manufacturing industry.
• Shipbuilding industry.
• Electronics industry.
• Textile, garment, and footwear industry.
• Light industry.

V. Investment Costs in My Trung Industrial Park – Ninh Binh

Land Lease Price: 50 USD/m2. The land lease period is 50 years, from 2006 to 2056.

Management Fee: 0,4 USD/m2/year.

Water Price: 0,4 USD/m3.

• Water supply is provided by Ninh Binh Water Supply Corporation.

Wastewater Treatment Fee: 0,35 USD/m3.

• Water quality before treatment: Type B.
• Water quality after treatment: Type A.

Electricity Rates:

• Peak Hours: 0,1 USD/kWh.
• Off-Peak Hours: 0,05 USD/kWh.
• Standard Hours: 0,075 USD/kWh.

VI. Investment advantage at My Trung Industrial Park – Ninh Binh

Labor Cost

• My Trung Industrial Park is located in My Loc district, Ninh Binh province, which falls under Region III.
• Therefore, the current minimum wage in Region III is 3.430.000 VND per month.

Investment Incentives

Tax exemption for 2 years; 50% reduction for the following 4 years (Decree 218/2013/NĐ-CP).

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