Trang Due Industrial Park - Hai Phong

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Information
Operating time: 2007 - 2057
Total Area: 389,77 Ha
Infrastructure investors: Sai Gon - Hai Phong Industrial Park Corporation
Price: 100 USD/m2
Building density: 65%
Occupancy: 100%
Address: Le Loi Ward, An Duong District, Hai Phong City, Vietnam.

This is a modern, environmentally-friendly industrial Park, leading the way in Hai Phong City. All factories here are equipped with state-of-the-art industrial production lines. Trang Due Industrial Park boasts the highest technology density and investment ratio in Hai Phong City. As a result, it has played a crucial role in making Hai Phong one of the leading destinations in the country for attracting Foreign Direct Investment (FDI) in recent years. High-tech projects within the Industrial Park have been operating steadily and have made significant contributions to social welfare. This serves as a driving force for Hai Phong City to develop a green and clean industrial model.

I. Overview of Trang Due Industrial Park – Hai Phong

Legal Information about Industrial Park

Phases I

Trang Due Industrial Park in Hai Phong is one of the city’s key projects.

Trang Due Industrial Park was approved as an addition to the Vietnam industrial Park planning in Decision No. 1107/QD-TTg dated August 21, 2006, with an initially planned area of 150 hectares. On November 13, 2007, Kinh Bac Corporation’s subsidiary, Sai Gon – Hai Phong Industrial Park Corporation, abbreviated as SHP received an Investment Registration Certificate for Phase I development of Trang Due Industrial Park with an area of 187 hectares.

Phases II

On February 1, 2008, Trang Due Industrial Park was adjusted to increase its planned area from 150 hectares to 400 hectares, as per Official Letter No. 180/TTg-CN issued by the Prime Minister. Subsequently, in 2014, SHP was granted an Investment Registration Certificate for Phase II development of Trang Due Industrial Park with a planned area of 214 hectares. Therefore, the total area for Phase I and Phase II investments approved for SHP was approximately 401 hectares.

Initially, Trang Due Industrial Park was located outside the Dinh Vu – Cat Hai Economic Park. However, to encourage investment in Trang Due Industrial Park, on June 27, 2013, in Decision No. 39/2013/QD-TTg, the Prime Minister agreed to expand the Dinh Vu – Cat Hai Economic Park. Consequently, the entire 400 hectares of Trang Due Industrial Park were included in the overall planning of the Economic Park.

Phases III

However, Trang Due Industrial Park later had its area reduced from 401,83 hectares to 389,77 hectares (a reduction of 12,06 hectares) for the construction of worker housing for a project under LG Group, as per Official Letter No. 2229/TTg-KTN dated December 12, 2016, issued by the Prime Minister.

Building on the success of Trang Due Industrial Park in Phases I and II, Hai Phong City proposed to the Prime Minister to expand Trang Due Industrial Park for Phase III. On March 25, 2021, the Prime Minister approved the addition of 687 hectares of land in 4 communes: An Tien, Truong Tho, Truong Thanh, and Bat Trang in An Lao District, to the boundaries of the Dinh Vu – Cat Hai Economic Park for the development of Trang Due Industrial Park Phase III. Legal procedures are currently being expedited, to officially provide business premises in 2023.

The industrial Park is oriented towards attracting both domestic and foreign investments, particularly in high-tech industries, supporting industries, and environmentally-friendly product manufacturing.

If approved, the total area of Trang Due Industrial Park for all three phases will be 1.076,77 hectares.

Information about the Industrial Park

This is a modern and environmentally friendly industrial Park, ranking at the forefront in Hai Phong City. Investors in Trang Due Industrial Park primarily focus their investments on electronics production. All factories have modern industrial production lines. Trang Due Industrial Park has the highest technology density and investment ratio in Hai Phong City.

As a result, it has significantly contributed to making Hai Phong one of the leading regions in the country in terms of attracting foreign direct investment (FDI) in recent years. High-tech projects within the industrial Park have been operating steadily and have made substantial contributions to social welfare. This serves as a driving force for Hai Phong City’s development towards a green and clean industrial model.

Investment Attraction Status in the Industrial Park

As of now, Trang Due Industrial Park Phases I and II, with a total scale of 389,77 hectares, have been fully occupied with 100% of commercial land allocated to 112 projects, of which 85% are foreign-invested projects. The total investment capital in Trang Due Industrial Park has reached USD 8,5 billion, with an investment rate of USD 32,3 million per hectare, making it the highest investment rate among all industrial Parks in Hai Phong City.

The average annual export turnover at the industrial Park reaches USD 12-14 billion, contributing billions to the state budget and playing a pivotal role in making Hai Phong City the top destination for FDI in recent years. Significant FDI enterprises from South Korea, China, Hong Kong, and Japan have invested in this industrial Park, including LG Electronics.

Information about the Investor

The investor of Trang Due Industrial Park is Sai Gon – Hai Phong Industrial Park Corporation, abbreviated as SHP, which is a subsidiary of Kinh Bac Corporation.

Headquarters Address: Trang Due Industrial Park, Le Loi Commune, An Duong District, Hai Phong City, Vietnam.

SHP not only leads the city in investment attraction results (total investment attracted in the industrial Park reaching USD 8,5 billion, with an investment rate of USD 32,3 million per hectare) but also takes the lead in various social activities for the community. The company actively participates in programs initiated by Hai Phong City, such as the Red Flamboyant Festival, Tet (Lunar New Year) Fireworks Show, flood relief for Central Vietnam, and the COVID-19 prevention fund under the Hai Phong City People’s Committee.

SHP has received prestigious awards, including the Second-class Labor Medal, Third-class Labor Medal, and Excellent Emulation Flag from the Government and Hai Phong City, as well as numerous other awards from central and local authorities, in recognition of its achievements and contributions.

With its capacity and experience in investment, development, and management of industrial parks and urban projects, SHP is a trusted partner for both domestic and foreign investors. The company’s motto is to always ensure customer benefits while actively improving the quality of life for the local population, contributing to the socioeconomic development of Hai Phong City.

Master plan map of Trang Due Industrial Park - Hai Phong

Master plan map of Trang Due Industrial Park – Hai Phong – TTTFIC Group

II. Geographical location of Trang Due Industrial Park – Hai Phong

Trang Due Industrial Park is located in Le Loi Ward, An Duong District, Hai Phong City, Vietnam.

It is situated adjacent to National Highway 10, between National Highway 5A and the Hanoi-Hai Phong Expressway. National Highway 10 serves as the main transportation route along the northern coastal region.

Furthermore, the industrial park has the potential to connect with National Highway 18, which specializes in serving international tourists and transporting goods from northern Vietnam. Trang Due Industrial Park can be said to have a strategic location for industrial development.

Trang Due Industrial Park has convenient connectivity to various destinations:

  • It is located 96 km from Hanoi City.
  • Noi Bai International Airport is located 115 km away from it.
  • It is only 6 km away from the Hanoi-Hai Phong Expressway.
  • The distance to Hai Phong Port is 12 km, to Dinh Vu Port is 42 km, and to Lach Huyen Deep-water Port is 45 km.
  • It is approximately 20 km from Cat Bi International Airport.
  • The distance to Hai Phong Railway Station is 16 km.

III. Infrastructure of the Industrial Park

Internal Transportation:

The internal transportation network consists of primary thoroughfares and secondary arteries

  • Width of the main roads: 32m.
  • Width of the branches: 23m.

Electrical System:

  • The industrial park has a power substation with a capacity of 110/35/22KV, equipped with the most modern and advanced equipment.
  • The substation has a capacity of 2x63MVA to provide a dedicated electricity supply for the industrial park.
  • It ensures a full and stable electricity supply 24/7 for the entire industrial park.

Water System:

  • The water supply for the industrial park is provided by the Vat Cach Water Plant (Hai Phong) with a capacity of 20.000m3/day and night.
  • The industrial park is currently upgrading its capacity to 30.000m3/day and night to ensure a sufficient and stable water supply for businesses within the industrial park.

Wastewater and Stormwater System:

  • The industrial park’s treatment plant arranges the wastewater and stormwater system along the roads and directs it.
  • Solid waste from the factories is classified, collected, and transported to the city’s centralized landfill.

Wastewater Treatment:

  • The wastewater treatment plant collects and treats industrial wastewater and domestic wastewater.
  • Phase 1 has a capacity of 5.000m3/day and night.

Communication System:

  • The underground communication system within the industrial park is provided by leading telecommunications companies such as VNPT, EVN-telecom, and Viettel Telecom.
  • There is a dedicated fiber-optic FTTH system, ADSL, and IP telephone switchboard.
Trang Due Industrial Park - Hai Phong

Trang Due Industrial Park – Hai Phong – TTTFIC Group

IV. Industries attracting investment in Trang Due Industrial Park – Hai Phong

Trang Due Industrial Park in Hai Phong welcomes investors in high technology, low pollution, and light industries, primarily attracting the following sectors:

  • Electronics manufacturing and assembly
  • Precision mechanics
  • Machinery and equipment manufacturing
  • Automotive and motorcycle components
  • Packaging

V. Cost of land lease and support

The industrial infrastructure rental rate is $100 per square meter for the entire lease period.

The management and maintenance fee for infrastructure is $0,5 per square meter, calculated based on the actual leased land area.

The annual land lease fee is determined by the People’s Committee of Hai Phong City for each specific period.

The electricity price is based on the electricity price chart of the Vietnam Electricity Group.

  • (currently ranging from 1.555 VND to 2.871 VND per kWh, approximately $0,065 to $0,12 per kWh).

The clean water supply price is 18.000 VND per cubic meter, approximately $0,75 per cubic meter

  • The water supply rate may change according to the decision of Hai Phong City.

The wastewater treatment fee is $0,4 per cubic meter, calculated based on 80% of the actual usage of clean water.

VI. Advantages of investing in Industrial Park

Labor Costs:

  • Trang Due Industrial Park in Hai Phong is located in An Duong District, which is part of Zone I.
  • The current minimum wage in Zone I is 4.420.000 VND per month.

Investment Incentives:

  • Investment projects in the Industrial Park, situated within the Dinh Vu – Cat Hai Economic Zone, will receive the highest level of investment incentives.
  • Specifically, the first 15 years will apply a preferential tax rate of 10%.
  • Additionally, there will be a 100% exemption of corporate income tax for the first 4 years of the project and a 50% reduction in corporate income tax for the subsequent 9 years.

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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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Trang Due Industrial Park - Hai Phong

  • Price: 100 USD/m2
  • Area: 389,77 Ha

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