DABACO Vietnam Group Joint Stock Company was approved by the President of Bac Ninh Province to be the investor of the Que Vo III Urban-Industrial Park project in Document No. 311/UBND-CN dated 11/3/2008. Document No. 123/TTg-KTN dated January 19, 2016, transferring the project investment capital to EIP Industrial Park Investment and Development Company Limited to develop Que Vo III Industrial Park Phase 1.
The industrial park covers an area of 303.8 hectares, towards the development of clean and high-tech industries, as an economic driving force for the Que Vo district. Que Vo district is located at the gateway of Bac Ninh City and has favorable conditions for industrial development, especially high-tech industry and supporting industry. Investment attraction planning approved by the People’s Committee of Bac Ninh province in Decision No. 293/QD-UBND dated August 12, 2013, focusing on developing high-tech industry, growing supporting industries, and building urban areas. in the industrial zone. Que Vo Industrial Park 3 Phase 1 has successfully attracted many domestic and foreign investors.
Que Vo III Industrial Park Phase 1 is located along National Highway 18, in the economic growth triangle of Hanoi – Hai Phong – Quang Ninh. The project has synchronous and modern infrastructure, including 2 entrances and intersections connecting the old and new National Highway 18. Divided into 2 phases: Phase 1 has an area of 303.8 hectares with an investment of 1,118,001,700,000 VND and Phase 2 has an area of 217.9 hectares. ha with an investment capital of over 1,000 billion VND.
Geographical location of Que Vo III Industrial Park Phase 1:
Que Vo III Industrial Park Phase 1 is located in the communes of Viet Hung, Que Tan, and Phu Luong, Que Vo district, Bac Ninh Province. It is positioned along National Highway 18 and falls within the economic growth triangle of Hanoi – Hai Phong – Quang Ninh. Additionally, it serves as the gateway to Bac Ninh City. The industrial zone benefits from a well-connected transportation network, facilitating easy movement of vehicles by road, sea, and air. Specifically:
It is approximately 45 km from the capital city of Hanoi.
It is 10 km from Bac Ninh City.
It is around 45 km from Noi Bai International Airport.
It is roughly 97 km from Cai Lan Port (Quang Ninh).
It is approximately 140 km from the Vietnam-China border gate (Lang Son).
It is about 100 km from Hai Phong Port.
An overview perspective of Que Vo III Industrial Park Phase 1 – Bac Ninh – TTTFIC Group
Infrastructure of Industrial Park:
a. The internal transportation system includes entrance roads and internal roads within the industrial zone. Entrance roads consist of Route 5 (43.5m wide) and Route 3 (36m wide). Internal roads include Route 5A (58.5m wide), Route 1 (36m wide), Route 2 (58.5m wide), Route 3 (36m wide), Route 4 (25.25m wide), and Route 6 (36m wide). These roads are well-equipped with sidewalks, lighting, greenery, and median strips. There are also connections to National Highway 18.
b. The power supply system relies on a newly installed 110kV substation with a capacity of 2 x 63 MVA. It ensures stable and sufficient power distribution through a loop circuit and cut-off stations.
c. The water supply system sources water from the Cau River and treats it at a plant with a capacity of 13,000 m3/day. The treated water meets quality standards and is distributed in a loop network within the industrial zone.
d. The drainage system separates rainwater, domestic wastewater, and industrial wastewater.
e. Factories collect industrial wastewater and treat it to meet the required standards before discharging it into the Tao Khe canal.
f. Solid waste and waste management involve waste classification and transportation to a treatment facility located 5 km away, as agreed in the contract.
g. Telecommunications services are provided by VNPT in Bac Ninh, ensuring seamless communication for customers.
h. Fire prevention measures include a firefighting water supply system designed along the roads, meeting fire protection standards.
Additionally, the project includes a 68-hectare urban service zone with various functional areas to meet the needs of a modern urban lifestyle.
Investment-Attractive Industries:
Que Vo 3 Industrial Zone Phase 1 is focused on developing high-tech industries with minimal environmental pollution, such as:
Agro-processing and food industry
Light industry
Mechanical and electronic assembly industry
High-end consumer goods manufacturing industry
Construction materials manufacturing industry.
Investment Costs:
The land rental prices are determined by the decision of the People’s Committee of Bac Ninh province (exempted until 2024).
For infrastructure rental prices, please contact the Sales Department of TNI Holdings Vietnam (approximately 115 USD/m2).
The electricity price is approximately 0.1 USD/KWh, provided by EVN Que Vo.
The water price starts from 13,600 VNĐ/m3 (excluding VAT).
Labor costs in Zone 2 are around 250 USD and above.
There is no information available regarding solid waste disposal fees.
The wastewater treatment fees are as follows (excluding VAT):
Tier A: From 0.18 USD/m3
Tier B: From 0.45 USD/m3
Tier C: From 0.6 USD/m3
The management fee is 0.45 USD/m2/year.
There are no other fees specified at this time.
Wastewater treatment plant of Que Vo III Industrial Park Phase 1 – Bac Ninh – TTTFIC Group
Investment incentives:
According to the provisions stated in Decree No. 218/2013/NĐ-CP dated December 26, 2013, Decree No. 12/2015/NĐ-CP, enterprises are entitled to certain tax benefits.
Enterprises are eligible for a 100% income tax exemption for the first 2 years and a 50% reduction for the following 4 years.
For export-oriented enterprises located in industrial zones (meeting the requirements of Vietnamese law), they are exempted from VAT.
Labor source and cost:
In terms of quantity, due to the geographical location of Bac Ninh Province (adjacent to Hanoi and several neighboring provinces), investors can utilize not only the local workforce but also the labor force from other provinces. The province currently has over 1.15 million people, with nearly 738,000 working age, accounting for 63.9% of the population. This indicates a “golden population” phase. The labor force in the province has an average growth rate of about 2.5% per year.
In 2015, the total labor force (including those of working age and those outside working age but still capable of working) was 822,100 people, accounting for 71.2% of the population. Among them, 648,510 people were employed, accounting for 78.88% of the total labor force. Additionally, the labor force has a high proportion of young workers, with the age group of 20-44 accounting for 66.5% of the working population, the age group of 20-24 accounting for over 11.45%, the age group of 25-29 accounting for 14.5%, and the age group of 30-34 accounting for 13.05%.
Quality, education, and technical level of the workforce for Que Vo III Industrial Park Phase 1
In terms of quality, the educational and technical qualifications of the labor force in Bac Ninh province have been continuously improving in recent years. The proportion of those who have completed at least high school education is 23.6%, while those who have completed junior high school education account for 44.34%. Annually, Bac Ninh province has around 7,000 university and college graduates. There are also approximately 11,000 vocational students and short-term trained technical workers, with 40% specialized in technical professions and 60% specialized in management. The technical expertise of the workforce has also significantly improved.
Therefore, Bac Ninh has an abundant labor force with a large number of skilled workers, a young population, and its favorable location adjacent to Hanoi and other neighboring provinces, making it convenient for labor mobility. These factors provide significant advantages for attracting investment to Bac Ninh province in general and Que Vo district in particular.
The monthly wages for labor workers range from $180 to $300 per person.
The monthly wages for technical engineers range from $300 to $500 per person.
The wages for management executives range from $500 to $1000 per month per person.
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
