Tam Diep 1 Industrial Park - Ninh Binh

I. Overview of Tam Diep 1 Industrial Park – Ninh Binh:

The People’s Committee of Ninh Binh Province and the Prime Minister of the Government issued Decision No. 1851/QD-UBND dated October 14, 2008, and Document No. 1499/TTg-KTN dated August 18, 2014, respectively, to establish Tam Diep 1 Industrial Park – Ninh Binh.

The Industrial Park Infrastructure Development Company invests in and develops Tam Diep 1 Industrial Park.

With a total area of 64 hectares, Tam Diep 1 Industrial Park is located in Quang Son Commune, Tay Son Ward, Tam Diep City, Ninh Binh Province.

The industrial zone adjoins National Highway 1A, lies near the North-South railway line, and is near Ghenh Station. Additionally, it has access to National Highway 12B and the North-South expressway. This location serves as a transportation hub for the North Central Coast and the Red River Delta region, making it one of the three key economic zones in the socio-economic development strategy of Ninh Binh. Tam Diep City has significant potential advantages in economic development, particularly in the industrial, service, tourism, and urban development sectors.

Tam Diep 1 Industrial Park offers favorable investment policies, and simple and efficient investment procedures, which have attracted numerous domestic and foreign investors, especially those from Japan, South Korea, and Taiwan. Currently, the entire leased area of Tam Diep 1 Industrial Park has been fully occupied.

Master plan map of Tam Diep 1 Industrial Park – Ninh Binh – TTTFIC Group

II. Infrastructure of Tam Diep 1 Industrial Park – Ninh Binh:

Internal transportation:

• The internal transportation system within the industrial zone is organized into primary and secondary roads.
• The primary road system comprises four-lane roads, while the secondary road system consists of two-lane roads.

Electricity system:

• The industrial zone is supplied with 110/220kv electricity, meeting the production demands of the businesses within the industrial zone.

Public lighting system:

• Street lighting is designed separately with a power supply system along the road network.

Water system:

• The industrial zone has a clean water supply that meets the needs of the enterprises operating within the industrial zone.

Drainage system for rainwater and wastewater:

• The industrial zone builds separate systems for rainwater and wastewater (including industrial wastewater and domestic wastewater).
• The drainage system collects rainwater and discharges it into the rivers in the area.
• The industrial zone collects and treats wastewater at its dedicated wastewater treatment plant.

Waste treatment:

• The factories in the industrial zone will enter into contracts with specialized waste classification, collection, and transportation units to remove waste from the industrial zone and prevent environmental pollution.

Wastewater treatment:

• The industrial zone directly discharges treated wastewater that meets environmental standards into the stormwater drainage network.

Communication system:

• An international standard telecommunications system, including underground optical fiber cables connected to the premises of the businesses within the zone, is equipped in the industrial zone.

III. Investment-attractive industries in Tam Diep 1 Industrial Park – Ninh Binh:

• Cement production
• Footwear and garment manufacturing
• Medical equipment manufacturing
• High-end construction materials
• Agricultural processing and food production

An overview perspective of Tam Diep 1 Industrial Park – Ninh Binh – TTTFIC Group

IV. Investment incentive policies of Tam Diep 1 Industrial Park – Ninh Binh:

• Corporate income tax incentives: By Vietnamese laws, investors in the industrial zone are eligible for a two-year corporate income tax exemption and a 50% reduction in tax payments for the following four years.
• Value Tax (VAT) exemption for enterprises certified as export processing enterprises (EP).

Labor force and labor costs:

Labor force:

• According to statistics, Ninh Binh Province had a population of 1.12 million in 2019, providing an abundant labor supply for industrial zones in the province, including the Gian Khau Industrial Park.
• Ninh Binh places great emphasis on vocational training and improving the quality of the workforce.
• Currently, there are 36 vocational education institutions and facilities involved in vocational education activities in Ninh Binh Province, including 5 colleges, 10 intermediate schools, 12 vocational education centers, and 9 other participating vocational education facilities.
• Ninh Binh has implemented comprehensive measures to develop and expand the vocational education network and promote socialization in vocational education.

Costs associated with labor:

• Tam Diep 1 Industrial Park is located in Tam Diep City, which belongs to Region III.
• Therefore, the current minimum wage for Region III is 3,430,000 VND per month.