Quang Minh Industrial Park is situated in Hanoi City, covering a total area of 344,4 hectares, and is considered one of the most attractive investment destinations for investors. Quang Minh Industrial Park enjoys a strategic location with convenient connectivity to major roads in the region, facilitating easy access to all markets for investors. Furthermore, the developer continues to invest in and develop comprehensive infrastructure to meet the requirements and expectations of investors. To date, Quang Minh Industrial Park has attracted 181 domestic and international projects, becoming a renowned and successful investment destination in Vietnam.
I. Overview of Quang Minh Industrial Park – Ha Noi
Information about the industrial park
On October 22, 2004, the Chairman of the People’s Committee of Vinh Phuc province issued Decision No. 3742/2004/QD-UB to establish Quang Minh Industrial Park, approve the project, and assign Nam Duc Infrastructure Investment and Development Co., Ltd. as the investor responsible for the construction and operation of the infrastructure. In 2008, it was expanded and became part of Hanoi. Quang Minh Industrial Park – Ha Noi is located in Quang Minh and Chi Dong townships, Me Linh district, Hanoi City Viet Nam.
The industrial park covers a total area of 344,4 hectares. TNI Holdings Vietnam develops and currently manages and operates it through TNPM, which also offers customer support during their business and production processes within the industrial park.
Since its establishment in 2004, Quang Minh Industrial Park has reached its full capacity, occupying 100% of the total area. It hosts 181 enterprises with over 38.000 workers employed in various company factories within the industrial park.
Prominent companies in the park include:
Viet Han Mechanical and Trading Co., Ltd – Truong Khang.
Sowa Vietnam Joint Stock Company.
Synopex Vietnam Co., Ltd.
BLD Vina Co., Ltd…
Quang Minh II Industrial Park
Quang Minh II Industrial Park was established under Investment Certificate No. 192023000055 by the Provincial Industrial Park Management Board of Vinh Phuc on September 28, 2007. The project is invested by Hop Quan Investment Co., Ltd., with a total investment capital of 558,98 billion VND. Quang Minh II Industrial Park was approved with a planned area of 266,35 hectares.
On October 8, 2021, the People’s Committee of Hanoi issued Document No. 3428/UBND-ĐT reporting to the Prime Minister about the reduction of the area of Quang Minh II Industrial Park from 266,35 hectares to 160 hectares. This reduction includes 71 hectares of land previously allocated by Vinh Phuc province to 35 companies for their projects before 2009. The completion of land clearance and compensation is also underway. The industrial park is expected to hand over completed infrastructure ready to welcome investment projects by the end of 2024.
TTTFIC Group will continually update the progress of the development of Quang Minh II Industrial Park in the future.
The transportation of Quang Minh Industrial Park – Ha Noi – TTTFIC Group
II. Geographical location of Quang Minh Industrial Park – Ha Noi
Quang Minh Industrial Park
Quang Minh Industrial Park is located in Quang Minh and Chi Dong townships, Me Linh district, Hanoi City, Viet Nam.
Boundaries:
North: Adjacent to residential areas along the Ca Lo River in Quang Minh commune.
South: Adjacent to the Bac Thang Long – Noi Bai expressway.
East: Bordering Kim Hoa commune, Me Linh district, within Hanoi city.
West: Adjacent to the Hanoi – Lao Cai railway line.
The industrial park is situated next to the Bac Thang Long – Noi Bai expressway and the Hanoi – Lao Cai railway, and is also close to the Noi Bai International Airport. It is at the starting point of the transportation axis of the Hanoi – Lao Cai railway and National Highway 18, which connects the northern region to Hai Phong Port and Quang Ninh – Cai Lan Deepwater Port, making it very convenient for transportation of goods.
Regional connectivity:
3 km from Noi Bai International Airport.
15 km from Hanoi city center.
150 km from Hai Phong Port.
175 km from Quang Ninh – Cai Lan Deepwater Port.
Quang Minh II Industrial Park
Quang Minh II Industrial Park is located in Kim Hoa Lam commune, Chi Dong Township, and Quang Minh Township, Me Linh District, Hanoi City.
It enjoys a strategic geographical location, close to major transportation routes and densely populated areas. Specifically:
15km from Hanoi city center.
10km from Noi Bai Airport.
115km from Hai Phong Port.
The project is situated near other large industrial parks such as Quang Minh I, Noi Bai, and Thang Long, which are highly sought after by foreign investors for investment opportunities.
III. Infrastructure of Quang Minh Industrial Park – Ha Noi
Internal Transportation
The modern internal road system is designed to facilitate easy and convenient movement of vehicles to each plot of land.
Main road system width: 36m.
Branch road system width: 24m.
Electrical System
The power supply is continuous and stable, sourced from Hanoi’s high-voltage power lines.
The total capacity for the entire zone is approximately 60.000KVA.
The electrical grid is provided along the internal transportation roads within the industrial zone.
Businesses will invest and construct low-voltage substations based on their power consumption needs.
Public Lighting System
The designers arranged a separate street lighting network with a power supply system along the transportation roads.
Water System
Each business plot is connected to a clean water supply system, extending up to the base of the perimeter walls.
Wastewater and Stormwater Management
The construction involves separate systems for wastewater and stormwater (including industrial and domestic wastewater).
Drainage systems collect stormwater and direct it into the river.
The industrial park collects and sends wastewater to the centralized wastewater treatment plant.
Waste Management
Solid waste management involves contracting with specialized units for waste sorting, collection, and transportation to prevent environmental pollution within the industrial zone.
Wastewater Treatment
Businesses will treat all industrial wastewater and domestic wastewater to meet at least Grade C water standards before discharging them into the common wastewater system of the industrial park.
The industrial park will further treat the wastewater according to the regulations set by the Vietnamese government.
Communication Information System
The telecommunications system meets international standards and is always available to fulfill communication needs.
IV. Investment-Attracting Industries in Quang Minh Industrial Park – Ha Noi
Quang Minh Industrial Park mainly attracts industries including:
The electronic and mechanical assembly industry
Food processing industry
Light industry and consumer goods production
Electronic components for motorcycles and automobiles
Jewelry processing
Home appliances manufacturing
An overview perspective of Quang Minh Industrial Park – Ha Noi – TTTFIC Group
V. Investment Costs in Quang Minh Industrial Park – Ha Noi
Industrial and infrastructure maintenance service fee: 0,4 USD/m2/year (Annual payment).
Land lease price: 120 USD/m2 for the entire lease period (Dependent on the location and plot size).
Standard factory rental price: 2 USD/m2/month.
Electricity price: Voltage levels from 22KV to 110KV (According to the Government’s general regulations).
Normal hours: 1.128 VND/Kwh (0,054 USD/KWh)
Off-peak hours: 710 VND/Kwh (0,034 USD/KWh)
Peak hours: 2.178 VND/Kwh (0,12 USD/KWh)
Water price (estimated): 0,35 VND/m3 (Monthly payment).
Wastewater treatment fee (estimated): 0,3 USD/m3 (Monthly payment, calculated based on 80% of the incoming water volume).
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.
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Investment Project Development Consultation: From market surveys to detailed planning, we support the development of your project.
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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…).
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Industrial real estate in industrial zones, Vietnam
