Thang Long II Industrial Park - Hung Yen

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Information
Operating time: 2006 - 2056
Total Area: 525.7 Ha
Infrastructure investors: Thang Long Industrial Park Corporation
Price: 90 USD/m2
Building density: 60%
Occupancy: 66.8 %
Address: Yen My district and My Hao town, Hung Yen province

I. Overview of Thang Long II Industrial Park – Hung Yen:

Established in November 2006, Thang Long II Industrial Park – Hung Yen draws on the experience gained from Thang Long Industrial Park (TLIP) in Hanoi.

With a total area of 345.2 hectares, the industrial park is located adjacent to the intersection of National Highway 39 and National Highway 5. It boasts synchronized and modern infrastructure, adhering to the standards of a clean and environmentally friendly industrial park, attracting many Japanese investors, including major economic groups such as Kyocera, Hoya, Nippon, Daikin, Tôt, Panasonic, Canon, Yamaha, and more.

The park has attracted 84 foreign-invested projects, with a total leased land area of 212 hectares, accounting for 82% of the industrial land for lease.

The investor of the industrial park is Thang Long II Industrial Park Co., Ltd., a joint venture between Sumitomo Corporation (Japan) and Thang Long Industrial Park Corporation (Dong Anh – Hanoi). In Vietnam, the corporation has invested in various fields such as industrial parks, logistics, steel trading, garment production, agriculture, import-export, power plants, railways, telecommunications, and supermarkets.

Geographical location:

Thang Long II Industrial Park is located in Yen My District and My Hao Town, Hung Yen Province.

The industrial park is situated near National Highway 5, a major transportation route connecting key provinces in the North, including Hanoi, Hung Yen, Hai Duong, and Hai Phong, providing favorable conditions for import-export activities. It also provides convenient access to the new National Highway 1, which connects to China and Thailand. The transportation system is highly convenient, including roads and waterways.

The total leased industrial land area is 247 hectares, with an occupancy rate of approximately 100%. Investment projects in the industrial park are exempted from import duties on imported goods used to create fixed assets, as stipulated by the Law on Export Tax and Import Tax.

Master plan map of Thang Long II Industrial Park - Hung Yen - TTTFIC Group

Master plan map of Thang Long II Industrial Park – Hung Yen – TTTFIC Group

Thang Long II Industrial Park is undergoing expansion in Phase 3:

In December 2020, the Prime Minister approved the expansion of Thang Long II Industrial Park (Phase 3) with an area of 180.5 hectares, located in Disu Ward, Phung Chi Kien Ward, Xuan Duc Commune, and Hung Long Commune, My Hao Town, Hung Yen Province.

The registered investment capital is around 84 million USD, with an estimated investment attraction of 1 billion USD from customers.
Therefore, the industrial park has a planned total area of 525.7 hectares, including 401.42 hectares of industrial land for lease.
Leased industrial land area: 268 hectares, with an occupancy rate of 66.8%.
Remaining available industrial land area: Approximately 133 hectares.

II. Infrastructure of Thang Long II Industrial Park – Hung Yen:

Internal Transportation

  • The internal road system is built with reasonable cross-sections, ensuring easy and convenient access for vehicles to each factory.
  • Lighting systems are installed along the roadways.

Electricity System

  • 110/22KV Substation and 22KV Power Distribution System: Power source: 2 independent 110KV transmission lines from Pho Noi Substation and Kim Dong Substation.
  • Capacity: 25MVAx2, 63MVAx2 (total: 176MVA) exclusively serving the industrial park.

Public Lighting System

  • Street lighting network is designed separately with a power supply system, arranged along the transportation axes.

Water System

  • Design capacity: 18,000m3/day-night; Groundwater exploited from 16 drilled wells (at a depth of 80m)
  • Maximum permitted water extraction: 39,000m3/day-night
  • Based on estimated consumption: 110m3/day-night/hectare.

Wastewater and Stormwater System

  • Separate systems for stormwater and wastewater are planned and constructed, running along the internal roadways to ensure the collection of all stormwater and wastewater from the factories within the industrial park.

Waste Treatment

  • The investor will sign service contracts with licensed professional waste treatment units according to regulations.

Wastewater Treatment

  • Wastewater treatment plant: Capable of treating 5 parameters – BOD, COD, SS, T-P, T-N
  • Design capacity: 15,000m3/day-night; Current capacity: 3,000m3/day-night.

Communication System

  • The telecommunications system meets international standards and is always available to meet communication, high-speed data transmission, and domestic and international postal service needs.
  • Each business’s perimeter fence has a direct connection to the underground fiber optic cable system.

III. Industries attracting investment in Thang Long II Industrial Park – Hung Yen:

Thang Long II Industrial Park primarily attracts non-polluting industries such as:

  • Manufacturing electronic and precision mechanical products.
  • Electronic and mechanical engineering, transportation machinery, and production of rubber products for the automotive industry.
  • Light industry and industrial gas.
  • Pharmaceutical, vaccine, and biopharmaceutical production.
  • Production of optical glass and high-tech industries as stipulated by the law.
  • Packaging production (excluding paper recycling and pulp production).
A perspective on Thang Long II Industrial Park - Hung Yen - TTTFIC Group

A Perspective on Thang Long II Industrial Park – Hung Yen – TTTFIC Group

IV. Investment incentives in Thang Long II Industrial Park – Hung Yen:

Regarding corporate income tax:

  • Investment projects in certain preferential sectors are eligible for a tax rate of 10%. This tax rate applies for 15 years. Additionally, there is a tax exemption for the initial 4 years. Furthermore, a 50% reduction in tax payment is granted for the subsequent 9 years. These incentives are by the law on corporate income tax.
  • Subject to a tax rate of 17% with a tax exemption for the first 2 years and a 50% reduction in tax payment for the following 4 years for income from new investment projects in sectors such as the production of high-grade steel, energy-saving products, machinery and equipment for agriculture, forestry, fisheries, and fireworks production, irrigation equipment, production and refining of animal feed, poultry, and aquatic products, etc.
  • Exempt from corporate income tax for the first 2 years and a 50% reduction in tax payment for the following 4 years for enterprises implementing new investment projects in the industrial park.

Regarding import tax:

  • The Law on Export Tax and Import Tax exempts investment projects in the industrial park from import duties on imported goods used to create fixed assets.

V. Time and Costs:

The operating period is 50 years from the date of issuance of the investment certificate by the Management Board of Bac Ninh Industrial Park. During the lease of land, investors have the option to transfer or sublease to other investors.

  • Land lease: 90-95 USD/m2 (including infrastructure, depending on the location and plot size).
  • Factory rental: 75 USD/m2.
  • Management fee: 22,000 VND/m2/year (equivalent to 1 USD/m2/year).
  • Electricity rates during peak and off-peak hours are as per EVN regulations.
  • Clean water price: 12,300 VND/m3 (equivalent to 0.56 USD/m3/year).
  • Water treatment cost (per m3): 5,300 VND/m3 (equivalent to 0.24 USD/m3/year). Input treatment standards: By the regulations of the Industrial Park. Output treatment standards: Compliant with QCVN 40:2011/BTNMT Column A.

VI. Labor force and costs:

Labor force:

  • Hung Yen has a population of 1,100,000 people. Hung Yen province trains engineers, graduates, and skilled workers to meet its own development needs and those of the country as a whole.
  • Currently, Hung Yen has Chu Van An University and 4 vocational colleges. In addition, the vocational training system and schools at all levels have invested in infrastructure and provided quality education to meet the learning needs of the people.
  • With such conditions, the labor force in Hung Yen province can meet the requirements of businesses.

Regarding labor expenses:

  • Thang Long II Industrial Park is located in Yen My District and My Hao District, Hung Yen Province, belonging to Zone II.
  • Hence, the prevailing minimum wage in Zone II amounts to 3,920,000 VND per month.

Contact to TTTFIC Group

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
  • With over 20 years of experience in Design & Build for FDI projects of all scales. If you are looking for industrial real estate in Vietnam, give us a call! With a team of experienced experts, engineers, and lawyers, we have assisted thousands of buyers, sellers (M&A), and industrial real estate tenants (especially projects from Japan, US, Europe, Taiwan, China, Korea, Singapore, India…).
  •  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.
  • The best thing you can do is call us today! help you expand your Business to Vietnam

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  • Area: 525.7 Ha

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