VSIP Bac Ninh II Industrial Park

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Information
Operating time: 2019 - 2059
Total Area: 282.67 Ha
Infrastructure investors: Vsip Bac Ninh Co., Ltd
Price: 150 USD/m2
Building density: 60%
Occupancy: Updating
Address: Hoa Tien, Tam Giang, Cho, and a small part of Yen Phu commune, Yen Phong district, Bac Ninh province.

I. Overview of VSIP Bac Ninh II Industrial Park:

VSIP Bac Ninh II Industrial Park (Yen Phong II Industrial Park) was established based on Yen Phong II Industrial Park – Phase 1, with the Vietnam Construction and Import-Export Corporation (SICO) as the main investor. It was licensed by the Bac Ninh Industrial Parks Management Board on December 30, 2008.

Initially, SICO used the project as collateral to borrow from Viettinbank. However, due to ineffective business operations and insufficient capacity to continue the project, SICO was terminated and the project was revoked by the Bac Ninh Industrial Parks Management Board under Decision No. 17/QD-BQL on April 24, 2017.

On January 15, 2019, the Prime Minister approved the investment in Yen Phong II-B Industrial Park under Decision No. 66/QD-UBND, and Bac Ninh Province subsequently officially established it on December 13, 2019, under Decision No. 848/QD-UBND.

Vsip Bac Ninh Co., Ltd is the infrastructure investor of VSIP Bac Ninh II Industrial Park, with a total investment capital of over 2,358 billion VND. The industrial park is built on a planned area of 282.67 hectares, with industrial land for lease accounting for 60% (188.87 hectares).

Currently, VSIP Bac Ninh II Industrial Park is carrying out compensation, land clearance, and infrastructure construction. The industrial park is being expedited to officially commence operations in the second quarter of 2023.

The functional areas within the industrial park include areas for factory construction, administrative and service areas, green spaces, transportation, parking lots, and technical infrastructure nodes. The locations and scales of these functional areas are designed by the approved master plan of Yen Phong II Industrial Park, and they are interconnected through the internal transportation routes of the industrial park.

Over View of VSIP Bac Ninh II Industrial Park

Over View of VSIP Bac Ninh II Industrial Park – TTTFIC Group

II. Geographical Location of VSIP Bac Ninh II Industrial Park:

VSIP Bac Ninh II Industrial Park is located in Hoa Tien, Tam Giang, Cho, and a small part of Yen Phu commune, Yen Phong district, Bac Ninh province.

The boundaries of the industrial park are as follows:

  • The northern boundary borders the residential area of Doai hamlet, Tam Giang commune, along DT.285B.
  • The eastern boundary borders the former residential area of Trac But Hamlet, Cho town, and DT 277.
  • The western boundary borders the Hanoi – Thai Nguyen expressway, National Highway 3.
  • The southern boundary borders National Highway 18 (Noi Bai – Bac Ninh).

Regarding regional connectivity:

  • The distance to the center of Bac Ninh city is 22 km.
  • The distance to the center of Hanoi city is 43 km.
  • The distance to Noi Bai International Airport is 18 km.
  • The distance to Lach Huyen Port is 155 km.
  • The distance to Hai Phong Port is 156 km.
  • The distance to Cai Lan Port is 181 km.
  • The distance to Huu Nghi International Border Gate is 155 km.
  • The distance to the Samsung Bac Ninh Plant is 12 km.

III. Infrastructure of VSIP Bac Ninh II Industrial Park:

Internal transportation system:

  • The internal transportation system of VSIP Bac Ninh II Industrial Park is designed in a grid pattern.
  • The main axis has a cross-sectional width of 77 meters, with a road width of 10.5 meters on each side and a 34-meter-wide landscaped water channel in the middle, flanked by green corridors.
  • The branch roads have cross-sectional widths ranging from 22.5 meters to 55 meters, with sidewalks and greenery on both sides, creating a pleasant green space while ensuring smooth traffic flow.

Power supply system:

  • The production electricity supply in the Industrial Park is provided by the 63 MVA Yen Phong 2 substation with a voltage transformation capacity of 110/35/22 kV.
  • The internal road network of the industrial park ensures the reach of the 22 kV power lines to each land plot.

Water supply system:

  • A water treatment plant with a capacity of 9,500 m3 per day and night sources and treats the water supply for The Industrial Park from the Cau River.

Wastewater treatment system:

  • An internal centralized wastewater treatment system with a designed capacity of 6,700 m3/day and night treats the industrial wastewater at VSIP II Bac Ninh.
  • It can treat wastewater to meet Column A standards according to Vietnam’s environmental technical standards.

Communication system:

  • The Industrial Park installs the communication infrastructure in technical trenches and ducts, enabling it to provide over 10,000 telephone lines for communication services.

Other amenities:

In addition, The Industrial Park has a landscaped infrastructure system, a harmonized system of recreational lakes, a stormwater drainage system, and a modern and synchronized fire protection system to meet the needs of investors in the industrial park.

IV. Investment-attractive sectors:

VSIP Bac Ninh II Industrial Park primarily attracts the following sectors:

  • High-tech industries
  • Telecommunications industry
  • Mechanical assembly for automotive and motorcycle components
  • Electronic components
  • Food processing and manufacturing
  • Logistics
  • Industrial equipment manufacturing technology

VSIP Bac Ninh II Industrial Park Viewed from above

V. Investment costs in VSIP Bac Ninh II Industrial Park:

  • Land rental price with infrastructure: starting from 150 USD/m2.
  • Management and infrastructure maintenance fees: 0.4 – 0.69 USD/m²/year.
  • Rental price: 6 USD/m2 for available areas of 1-2 hectares.
  • Electricity price: Based on the electricity tariff of EVN at different periods. The current reference price ranges from 0.05 USD to 1.12 USD/kWh.
  • Clean water: The unit price varies according to the decision of the People’s Committee at different periods. Reference price: 0.46 USD/m3.
  • Wastewater treatment: Based on the general price provided by the supplier. The wastewater volume is calculated as 80% of the clean water usage. Reference price: 0.3 USD/m3.

VI. Investment Incentive Policies:

The tax incentives for businesses in the field are as follows:

  • Businesses will be exempt from income tax for 2 years from the start of profitability (up to a maximum of 3 years from operation), and enjoy a 50% tax reduction for the following 4 years.
  • For imported raw materials used in export production, businesses will be exempt from import tax.
  • For exported goods and tax refunds, businesses will also be exempt from value-added tax (VAT).

VII. Labor Source and Cost at VSIP Bac Ninh II Industrial Park:

Labor Source:

  • Bac Ninh province has a population of over 1.15 million people, with nearly 738,000 individuals of working age, accounting for 63.9% of the population. This indicates that Bac Ninh has a “golden population,” meaning a large proportion of people in the working age group. The province’s labor force grows at an average rate of about 2.5% per year and increases gradually over time.
  • In terms of education, the proportion of individuals with at least a high school diploma is 23.6%, while those with a junior high school diploma make up 44.34%.
  • Each year, around 7,000 graduates from universities and colleges in Bac Ninh province enter the workforce. Additionally, there are approximately 11,000 vocational students and skilled workers undergoing short-term training, with 40% specializing in technical fields and 60% in business management.

Cost:

  • VSIP Bac Ninh II Industrial Park is located in Yen Phong district, Bac Ninh Province, within Zone II.
  • Therefore, the current minimum wage in Zone II is 3,920,000 VND per month.
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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