The Prime Minister expanded Vietnam’s industrial park planning by approving the addition of Son Loi Industrial Park. Official Letter No. 1051/TTg-KTN on July 4, 2008, conveyed this decision, with a planned area of 300 hectares.
The Provincial People’s Committee of Vinh Phuc Province approved the adjustment of detailed planning for Son Loi Industrial Park. Decision No. 1807/QD-UBND on July 9, 2015, and Decision No. 1632/QD-UBND on June 24, 2021, served as the basis for this adjustment. As a result, the park’s planned area now encompasses 276.47 hectares, comprising 257.3504 hectares of industrial land and 19.1196 hectares of non-industrial land. Son Loi Industrial Park is situated within Son Loi and Tam Hop communes, Ba Hien Town, Huong Canh Town, Binh Xuyen District, Vinh Phuc Province. It provides 186.9851 hectares of industrial land available for leasing.
The Management Board of Vinh Phuc Industrial Parks granted investment registration certificate No. 19221000091 to An Thinh Vinh Phuc Construction and Investment Co., Ltd. on June 30, 2015. This certificate empowers them to undertake the investment project for constructing and managing the technical infrastructure in Son Loi Industrial Park. The Provincial People’s Committee of Vinh Phuc formalized the establishment of the park through Decision No. 1679/QD-UBND on June 29, 2021. The project boasts an investment capital exceeding 1,864 billion VND and operates for 50 years.
Building upon the achievements of Binh Xuyen Industrial Park, An Thinh Vinh Phuc Construction and Investment Co., Ltd. utilizes its experience to develop Son Loi Industrial Park in Binh Xuyen district, Vinh Phuc province. Their primary focus lies in providing modern and well-integrated infrastructure, following the same approach employed in Binh Xuyen Industrial Park. The company remains dedicated to creating favorable conditions for both domestic and foreign investors interested in Vinh Phuc province’s priority investment sectors.
Master plan map of Son Loi Industrial Park – Vinh Phuc – TTTFIC Group
II. Geographical location of Son Loi Industrial Park:
Son Loi Industrial Park is strategically located with convenient transportation connections. It is situated 35 km from the center of Hanoi and is near National Highway 2, adjacent to the Xuyen A route (from Hanoi to Cao Minh, China). Additionally, it is located 10 km from Noi Bai International Airport and connected to the Hanoi-Lao Cai railway line.
Given its location, Son Loi Industrial Park serves as a key transportation hub for goods transit, connecting Cao Minh (Yunnan, China) with Cai Lan seaport through National Highway 18 and Hai Phong port through National Highway 5. Therefore, it is considered one of the focal industrial parks attracting the attention of domestic and foreign investors.
Similar to Binh Xuyen Industrial Park, An Thinh Vinh Phuc Construction and Investment Co., Ltd. will continue to equip Son Loi Industrial Park with modern and synchronized infrastructure. In addition, they have plans to provide favorable conditions for domestic and foreign investors to operate in priority investment sectors of Vinh Phuc province.
To the east, Son Loi Industrial Park borders existing residential areas and planned urban development land in Son Loi commune and Ba Hien town. To the west, it is adjacent to the Canh River, which connects to the belt road of Vinh Phuc province. Furthermore, to the south, it borders the Hanoi-Lao Cai railway with a standard gauge of 1,435m. Lastly, to the north, it shares a border with Nguyen Tat Thanh Road, extending from Phuc Yen City.
Connectivity:
Son Loi Industrial Park’s connectivity is evident through its proximity to various key locations. For instance, it is just 19 km away from Noi Bai International Airport and 46 km from Hanoi city center. Moreover, it offers easy access to National Highway 5, leading to Hai Phong (145 km), as well as Hai Phong Port (165 km) and Cai Lan Port (189 km).
In summary, the Son Loi Industrial Park project holds great promise due to its strategic location and favorable connectivity. Situated at the northern gateway, it enjoys proximity to Vinh City and Phuc Yen City in Vinh Phuc province, making it an attractive destination for investors.
III. Infrastructure
Son Loi Industrial Park ensures efficient and safe infrastructure by designing the land foundation based on traffic intersections, gradients, and slopes of roads, prioritizing safety and flood prevention. The road network is planned, and the land foundation’s elevation is controlled at traffic intersection points.
The park has established effective drainage systems, including a separate stormwater drainage system that utilizes culverts along roads. This system discharges water into the Canh River and Ba Hanh River, keeping it separate from the wastewater drainage system. The park follows technical standards for road design, such as lane width and curve radius.
Water supply and treatment are carefully considered. The park calculates water demand and sources it from Bá Hiến and Phuc Yen Water Plants in the short term. In the long term, clean water supply will come from the Phuc Binh Water Plant through the Vinh Phuc urban area’s water supply network.
Wastewater management and environmental hygiene are priorities. A dedicated wastewater drainage system is in place, separate from the stormwater system. The wastewater flows to the treatment plant within the park, meeting required standards before discharge into the Canh River.
Power supply, lighting, and communication infrastructure are given importance. Initially, the electricity supply comes from the Vinh Yen 2 Substation via a 22kV transmission line along DT 310B. After 2025, the Son Loi Substation will provide the electricity supply. Lighting substations along Road 310B will be relocated to the green space area.
Solid waste management is ensured with daily collection and transportation to designated landfill areas. Communication infrastructure relies on the planned satellite telecommunication line from the Binh Xuyen Central Exchange Station, providing connectivity along National Highway 2 and DT 310B.
Overall, Son Loi Industrial Park’s comprehensive measures ensure efficient and sustainable operations while protecting the environment.
Master plan map of Son Loi Industrial Park – Vinh Phuc – TTTFIC Group
IV. Investment-Attractive Industries
The investment-attractive sectors in Son Loi Industrial Park are as follows:
1. Mechanical Engineering Group:
Manufacturing agricultural mechanization equipment and spare parts.
Manufacturing engines and engine components.
Manufacturing equipment and parts for various industries.
Manufacturing products for transportation and logistics.
Manufacturing consumer mechanical and electromechanical products.
2. Non-ferrous Metal Group:
Manufacturing various types of sheet metal, pipes, steel profiles, and round steel.
Manufacturing cables and wires.
3. Electronics and Information Technology Group:
Manufacturing industrial and specialized electronic equipment.
Manufacturing communication, broadcasting, and television equipment.
Manufacturing electronic components, parts, and materials.
Manufacturing computer equipment.
Manufacturing consumer electronic products.
Providing IT services and software.
Providing industrial and specialized electronic services.
4. Chemical and Petrochemical Group:
Manufacturing consumer chemical products and cosmetics.
Manufacturing tires and technical rubber products.
5. Other Industries:
Manufacturing high-end and common construction materials.
Manufacturing medical equipment and devices.
Manufacturing pharmaceuticals and veterinary drugs.
Processing imported wood and rubber materials.
Manufacturing artificial boards and wood substitute materials.
Manufacturing packaging materials.
Manufacturing sports equipment, teaching aids, and children’s toys.
Recycling general waste.
Small-scale handicraft industries.
These sectors offer diverse investment opportunities within Son Loi Industrial Park.
V. Investment Costs:
The management fee is 0.3 USD per square meter per year.
The rental price is 100 – 155 USD per square meter.
The electricity price ranges from 0.03 to 0.1 USD.
The clean water price is 0.4 USD per cubic meter.
The wastewater treatment fee is 0.3 USD per cubic meter.
Businesses in this Industrial Park enjoy attractive tax incentives, including:
– Corporate Income Tax (CIT) incentives: They receive a 100% exemption on taxable income for the first year and a 50% reduction in tax payment for the subsequent four years for new investment projects.
– Import Tax incentives: Goods imported to establish fixed assets for businesses are exempt from import taxes if they fall under the tax incentive category.
These tax incentives are designed to attract and support new investment projects, creating a favorable environment for businesses to grow and expand their operations.
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
