Tam Duong I Industrial Park - Vinh Phuc

I. Overview of Tam Duong I Industrial Park – Vinh Phuc:

Tam Duong I Industrial Park has been approved for detailed construction planning at a ratio of 1/500 by the People’s Committee of Vinh Phuc province, according to Decision No. 2397/QD-UBND dated September 24, 2020, with a planned area of 162.33 hectares.

Of this, the industrial park land area is 156.76 hectares, with 116.03 hectares allocated for industrial land rental (accounting for 17.01% of the total), and 5.57 hectares designated for non-industrial land, including safety facilities, power corridors, canals, and greenery.

On March 10, 2021, the investment project for the construction and operation of technical infrastructure in Tam Duong I Industrial Park was approved by the Prime Minister under Decision No. 336/QD-TTg dated March 10, 2021, with Sonha International Corporation selected as the investor. The project has an operational period of 50 years.

With a total investment capital of 1,576 billion VND, the project is expected to hand over the first phase of land in the fourth quarter of 2023 and commence operations in the third quarter of 2024.

II. Geographical location in Tam Duong I Industrial Park – Vinh Phuc:

Tam Duong I Industrial Park is located within the administrative boundaries of Huong Dao, Dao Tu, Hop Hoa town, Tam Duong district, Vinh Phuc Province.

Strategic geographical position:

• It is situated close to the Ha Noi – Lao Cai national highway, 3km from the IC4 interchange, and near the IC5 interchange (scheduled to be completed in 2025).
• It is within the economic corridor of Cao Minh – Lao Cai – Ha Noi – Hai Phong, Quang Ninh.
• It is located on the National Highway 2 (2a, 2b, 2c) and 23.

Convenient transportation connections:

• Road: To Ha Noi city center: 44km, Ha Noi – Lao Cai Expressway: 2km.
• Air: Noi Bai International Airport: 28km.
• Railway: It is on the Ha Noi – Lao Cai regional railway line.
• Vinh Phuc ICD Dry Port: 10 minutes drive.
• Waterway: Doc Bac Port: 20km, Hai Phong Port: 130km, Quang Ninh – Cai Lan Port: 160km.

Master plan map of Tam Duong I Industrial Park – Vinh Phuc – TTTFIC Group

III. Infrastructure:

Internal transportation system:

• Main roads up to 48m wide.
• Branch roads range from 14.5m to 24m wide.

Wastewater treatment system:

• Centralized wastewater treatment plant with a capacity of 3,873 m3/day and night.

Power supply system:

• 22kV power lines connected to each plot of land in the industrial park.
• 110kV transformer station with a power supply capacity of 2x63mVA.

Water supply system:

• Water supply capacity of up to 10,000m3/day and night.

Communication system:

• Multi-network, multi-frequency system invested, and built-in synchronization with the technical infrastructure in the area.

Fire protection system:

• Low-pressure water supply system with fire hydrants arranged according to fire protection regulations.

IV. Investment-attracting industries in Tam Duong I Industrial Park – Vinh Phuc:

Tam Duong I Industrial Park is planned as a green and clean industrial park, attracting investment in the following key industries:

• Electronics, Technology.
• Food industry.
• Automotive and supporting industries, mechanical manufacturing.
• Other light industries.
• Industries causing pollution such as electroplating, textile dyeing, and metallurgy are not encouraged for investment.

V. Investment costs:

• Infrastructure rental fee: From 110 USD/m2.
• This fee does not include land rent and industrial park management fees. The rental fee may vary depending on the time.
• Infrastructure management and maintenance fee: 0.6 USD/m2/year.
• Electricity rates: Peak hours: 1.1 USD/KW. Normal hours: 0.8 VND/KW. Off-peak hours: 0.6 VND/KW.
• Water supply price: 0.67 USD/m3, subject to change based on the water supply provider’s rates.
• Wastewater treatment price: 0.47 USD/m3.
  Input treatment standard: Column A for metal targets and Column B for organic targets according to QCVN40/2011/BTNMT.

An overview perspective of Tam Duong I Industrial Park – Vinh Phuc – TTTFIC Group

VI. Investment incentives:

Vinh Phuc is a locality with a favorable business promotion mechanism, attracting investment, and developing industries that rank at the top nationwide. It is a typical locality in terms of macroeconomic development and administrative procedure support. Tam Duong I Industrial Park has the advantage of a convenient geographical location for establishing manufacturing plants or industrial support services.

• 100% corporate income tax exemption for the first 2 years.
• 50% reduction in corporate income tax for the following 4 years.
• Support from the investor: Investment registration license, factory design and construction consulting, and other administrative procedures.

VII. Labor sources and costs in Tam Duong I Industrial Park – Vinh Phuc:

Labor sources:

• As of 2021, Vinh Phuc province has an average population of approximately 1,191.8 thousand people, including about 642 thousand people of working age (15 years and older). The labor force participation rate in the province is 54%.
• From 2017 to 2021, Vinh Phuc province has trained approximately 142,226 individuals. This includes 5,764 individuals with college degrees, 26,878 individuals with intermediate degrees, and 109,584 individuals with elementary degrees.
• By 2025, Vinh Phuc province aims to achieve a labor force training rate of 82%, with 40% of the workforce having obtained degrees or certificates.

Costs:

• Tam Duong I Industrial Park is located in Tam Duong district, Vinh Phuc Province, in Region III.
• Therefore, the current minimum wage in Region III is 3,430,000 VND/month.