Phuc Son Industrial Park - Ninh Binh

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Information
Operating time: 2016 - 2066
Total Area: 129.4 Ha
Infrastructure investors: Phucloc Industrial Park Investment Development Corporation
Price: 50 USD/m2
Building density: 60%
Occupancy: 95%
Address: Ninh Phuc commune and Ninh Son ward, Ninh Binh city, Ninh Binh province

Overview of Phuc Son Industrial Park – Ninh Binh:

Phuc Son Industrial Park – Ninh Binh is one of the top 5 industrial zones in Vietnam that meets the country’s environmental standards. It was newly established according to Document No. 1818/TTg-KTN dated October 29, 2008, by the Prime Minister’s decision.

Decision No. 266/QD-UBND, issued on February 19, 2019, approves the partial adjustment of the detailed construction planning for Phuc Son Industrial Park. The industrial park is located in Ninh Phuc Commune and Ninh Son Ward, Ninh Binh City, Ninh Binh Province. It covers an area of 129.4 hectares and is planned at a 1/500 scale.

Situated near National Highway 1A and the Hanoi – Ninh Binh – Thanh Hoa expressway, Phuc Son Industrial Park serves as a strategic location that connects various provinces and major cities, including Hanoi, Da Nang, and Ho Chi Minh City, which are vital transportation routes.

Being a transportation gateway for the northern region, this location is very convenient for the transfer, transportation, and circulation of goods.

Phucloc Industrial Park Investment Development Corporation is the investor responsible for the infrastructure construction of Phuc Son Industrial Park.

Phuc Son Industrial Park is recognized as a model industrial zone. It receives special attention for its investment in a synchronized, modern technical infrastructure system. This system meets the strict requirements and standards of investors, particularly foreign investors.

This industrial zone caters to the demand for a clean industrial environment and provides living and working conditions for workers in the industrial zones of Ninh Binh city and neighboring industrial zones.

Moreover, Phuc Son Industrial Park contributes to enhancing the province’s investment environment image, attracting the interest of high-tech manufacturing investors and large-scale supporting industries. It also ensures rapid growth of the industrial sector in the overall context of the provincial economy.

Master plan map of Phuc Son Industrial Park - Ninh Binh - TTTFIC Group

Master plan map of Phuc Son Industrial Park – Ninh Binh – TTTFIC Group

The infrastructure of Phuc Son Industrial Park – Ninh Binh:

Internal transportation:

  • The internal transportation system consists of main roads and secondary roads.
  • The internal road network consists of 4-lane main roads and 2-lane secondary roads, with road widths ranging from 15m to 58.5m.

Power system:

  • The national power grid supplies the power source through a 110/22kV (35kV) transformer station with a capacity of 63KVA.
  • Businesses can increase their capacity to meet their demand.

Public lighting system:

  • The street lighting network is designed with a separate power supply system strategically arranged along the road axes.

Water system:

  • The water plant has a capacity of 20,000m3/day-night.
  • The capacity can be increased to meet the demand of businesses.

Drainage system for wastewater and rainwater:

  • The system for draining rainwater and wastewater (including industrial wastewater and domestic wastewater) consists of separate entities.
  • A drainage system collects rainwater and channels it into nearby rivers.
  • The project collects and treats all wastewater at the wastewater treatment station before releasing it into the shared drainage system of the city.

Waste treatment:

  • Factories within the industrial zone will sign contracts with specialized units for waste classification, collection, and transportation to remove waste from the industrial zone to prevent environmental pollution.

Wastewater treatment:

  • The Phase 1 wastewater treatment plant, which has a capacity of 1,200m3/day-night, is currently operational.
  • Businesses can increase their capacity to meet their demands.
  • Investors in the industrial park must treat their wastewater locally before discharging it into the common wastewater drainage system of the industrial park.

Communication system:

  • The communication system is equipped with modern facilities, ensuring stable and high-speed connections.

Industries attracting investment in Phuc Son Industrial Park:

  • Electrical, refrigeration, electronic, and mechanical industries.
  • Machinery manufacturing; automobile and motorcycle assembly.
  • Production of high-quality construction materials.
  • Consumer goods production, pharmaceuticals.
  • Packaging industry, light industry, textile, and footwear.
  • And other industries approved by the provincial People’s Committee.
The transportation of Phuc Son Industrial Park - Ninh Binh - TTTFIC Group

The transportation of Phuc Son Industrial Park – Ninh Binh – TTTFIC Group

Investment incentives at Phuc Son Industrial Park – Ninh Binh:

Corporate Income Tax (CIT): Exempt for the first 2 years and 50% reduction for the following 4 years.

Land Rental Fee: Exempt until April 2066.

Value Added Tax (VAT): 0% for Export Processing Enterprises (EPE).

Profit Repatriation Tax: 0%.

Import-Export Tax Exemption:

  • Equipment, machinery (accessories), and specialized vehicles are used in technological production lines and non-domestic construction materials that require importation.
  • Encouraged investment projects and projects related to technical components, spare parts, electricity, and electronic products are exempt from importing raw materials for the first 5 years from the start of production.
  • Imported materials, accessories, and components for the production of export goods.

The labor force at Phuc Son Industrial Park – Ninh Binh:

  • In 2019, according to statistical data, Ninh Binh Province had a population of 1.12 million people. This population provides a significant labor force. The abundant labor supply is beneficial for both the industrial zones within the province and the Khanh Phu Industrial Zone.
  • Currently, there are 36 vocational education institutions and participating vocational education establishments in Ninh Binh province.
  • Among them are 5 colleges, 10 intermediate schools, 12 vocational education centers, and 9 other vocational education establishments.
  • Ninh Binh has implemented comprehensive measures to build and expand the network of vocational education institutions and promote socialization in vocational education.

Labor cost:

  • Phuc Son Industrial Zone is located in Ninh Binh City, belonging to Zone II.
  • Therefore, the current minimum wage in Zone II is 3,920,000 VND per month.
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


TTTFIC Group 

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