Que Vo Industrial Park – Bac Ninh:
The establishment of Que Vo Industrial Park was based on Prime Minister’s Decision No. 1224/QD/TTg on December 19, 2002. Que Vo serves as the largest and most significant industrial park in Bac Ninh Province, encompassing a total area of 600 hectares divided into two phases: Phase 1 (2002-2052) with an area of 300 hectares, and Phase 2 (2006-2056) also with an area of 300 hectares.
Que Vo Industrial Park enjoys a strategic location along key transportation routes, linking major economic centers such as Hanoi, Hai Phong, and Quang Ninh, as well as Noi Bai International Airport and international seaports. This advantageous position greatly facilitates the transportation of import and export goods.
The park benefits from a skilled and youthful workforce, trained in colleges, high schools, and vocational training centers within the province and neighboring regions. These workers are well-equipped to meet the recruitment demands of investors.
After more than 10 years of operation, Que Vo Industrial Park has successfully attracted nearly 80 investment projects, prominently from foreign investors. Notable investors include Canon, Foxconn, Mitac, DK UIL, Nippon Steel, Toyo Ink, Tenma, VS Group, Sentec, Nippon Zoki, Bujeon, Long Tech, Youngbo, and Goertek.
An overview perspective of Que Vo Industrial Park – Bac Ninh – TTTFIC Group
Geographical location Que Vo Industrial Park:
Located in Hoan Son commune, Tien Du district, Bac Ninh province, Que Vo Industrial Park holds a pivotal position in the province’s economic and social development. It benefits not only from convenient road transportation (National Highway 1B, National Highway 18A, and the national railway), waterway access through Song Cau Port, and proximity to airports, but also plays a crucial role in the economic, cultural, transportation, and commercial development within Bac Ninh province and neighboring regions such as Thai Nguyen, Bac Giang, Vinh Phuc, Quang Ninh, Hai Hung, and Hai Duong. It offers easy movement of goods to nearby industrial zones like Khac Niem Industrial Park, Tien Son Industrial Park, Yen Phong Industrial Park, and Dai Dong Industrial Park.
Furthermore, Que Vo Industrial Park boasts a strategic location:
- It is approximately 35km from the capital city of Hanoi.
- 45km from Noi Bai International Airport.
- 110km from Cai Lan Port (Ha Long City).
- 125km from Lang Son Border Gate (Vietnam-China).
- and 120km from Hai Phong Port.
- Situated along National Highway 18A and adjacent to National Highway 1.
The infrastructure of Que Vo Industrial Park:
Que Vo Industrial Park boasts modern and comprehensive infrastructure, including workshops, offices, warehouses, schools, hospitals, post offices, and supermarkets.
The internal road system seamlessly connects to National Highway 18A and ICD Dry Port, ensuring efficient transportation links with National Highway 18A, National Highway 1B, and ICD Dry Port.
Main and secondary roads are designed to international standards, ensuring efficient transportation links with National Highway 18A, National Highway 1B, and ICD Dry Port.
The 20-hectare ICD Dry Port facilitates convenient import and export activities for businesses within Que Vo Industrial Park. It provides services such as customs procedures, transportation, and efficient storage.
Standardized rental offices and factories are available to cater to the needs of investors.
The water supply system in Que Vo Industrial Park consists of a 10,000 m3/day groundwater supply plant, as well as a separate water distribution network with large storage tanks at appropriate heights to ensure a stable and sufficient water supply for businesses.
A wastewater treatment plant with a capacity of 20,000m3/day, built according to international standards, effectively controls industrial wastewater and waste materials.
The power supply system connects to a 110kV source. It has a 110kV/22kV substation and low-voltage power lines distributed to functional areas. The substations and national power grid ensure a stable and sufficient electricity supply for businesses.
The communication network consists of 1,000 domestic and international connections. In addition to the provincial postal network, Que Vo Industrial Park has established a modern telecommunications network that meets international standards, enabling efficient communication for investors within and outside the country.
Advanced information technology infrastructure is available within the industrial park. It offers a wide range of communication services, including data transmission, internet, cable television, video conferencing, IP telephony, and fax.
Auxiliary works
Green spaces cover an area of 17.46 hectares, accounting for 13.43% of the industrial park’s total area. Planners plan these green areas as wide strips in the southeastern part of the industrial park, parallel to National Highway 18A and on both sides of the central road axis, to create a beautiful landscape and maintain environmental balance.
Other public facilities within the industrial park include waste material collection areas, fire stations, and medical centers. Additionally, there are warehousing centers and industrial waste treatment stations, which provide increasingly improved services for investors.
Additional amenities such as tennis courts, swimming pools, worker canteens, and restaurants are also available.
Master plan map of Que Vo Industrial Park – Bac Ninh – TTTFIC Group
Investment-Attractive Industries:
Que Vo Industrial Park is designed to attract high-tech projects that are environmentally friendly, knowledge-intensive, and require minimal labor… It aims to create a diverse industrial environment, aligned with international standards, and capable of accommodating various sectors such as:
- Mechanical assembly and electronic component manufacturing
- Production of consumer goods and handicrafts
- Textile and garment industry
- Food processing and agricultural products
- And other industries
The park’s vision is to foster a sustainable and vibrant industrial landscape. It aims to promote innovation and technological advancement while maintaining ecological harmony.
Investment Costs:
The investor of the industrial park sets an infrastructure fee of USD 100 per square meter for the entire lease term.
The management fee amounts to 0.5 USD per square meter per year.
The annual land rental fee is subject to the decision of the People’s Committee of Bac Ninh province.
The electricity tariff follows the pricing set by EVN (Electricity of Vietnam).
The water supply rate is 11,600 VND per cubic meter, which may be subject to change according to the decision of the People’s Committee of Bac Ninh province.
The wastewater treatment fee starts from 0.3 USD per cubic meter, depending on the quality of the incoming wastewater.
Please note that the above rates do not include VAT and are subject to change without prior notice.
Investment incentives:
Enterprises enjoy a preferential tax rate of 17% for 10 consecutive years from the first year of project revenue. Afterward, the tax rate increases to 20%.
There is a tax exemption for 2 years, followed by a 50% reduction for the subsequent 4 years from the start of taxable income.
The period of tax exemption and reduction begins when the enterprise generates taxable income from the project. If no taxable income is earned in the first three years, the exemption and reduction period will start from the fourth year.
Imported goods are exempted from import tax by Article 16 of the Law on Export Tax, Import Tax No. 45/2005/QH11, and Article 12 of Decree No. 87/2010/NĐ-CP, issued by the Government to provide detailed regulations for export tax and import tax.
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
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Industrial real estate in industrial zones, Vietnam
TTTFIC Group
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