VSIP Industrial Park - Nghe An

VSIP Industrial Park – Nghe An: A Prime Industrial Hub in Vietnam

Introduction: VSIP Industrial Park – Nghe An is located in Hung Tay and Hung Dao communes, Hung Nguyen town, Hung Nguyen district, and Hung Chinh commune, Vinh City, Nghe An province, is a prominent industrial, urban, and service complex. With a total area of 750 hectares, this industrial park is strategically positioned near Vinh City, ensuring convenient transportation connections and international standard infrastructure. Despite its recent establishment in September 2015, VSIP Nghe An has become a shining destination for investment in Nghe An province and the North Central Coast region. It offers exceptional services that meet international standards.

Overview of VSIP Industrial Park – Nghe An:

Project Investment Progress:

• • Established based on Decision No. 10/2015/QD-TTg issued on April 3, 2015, by the Prime Minister, VSIP Nghe An is developed by VSIP Nghe An Co., Ltd. (a subsidiary of VSIP Group) as the investor, with the Investment Certificate granted by the Management Board of Southeast Economic Zone. Construction officially commenced in September 2015 on a 750-hectare site, including 367.6 hectares designated for industrial development.
  • As of February 2021, VSIP Nghe An has attracted 28 committed investors (including 12 FDI projects and 16 domestic projects), covering an approximate area of 198 hectares (including infrastructure). These projects account for over 52% of the industrial land in the project, with an expected registered investment capital of around $500 million USD and the potential to create employment for 45,000 to 50,000 workers. Among them, 27 projects have been granted Investment Certificates or Business Certificates, with a registered investment capital of 6,851 billion VND (equivalent to over $296 million USD). Currently, 14 projects are operational, 6 projects are under construction, and 8 projects are undergoing investment procedures.
  • VSIP Nghe An Co., Ltd. has completed the basic infrastructure of Phase 1 covering approximately 226 hectares, including internal roads, lighting, water supply, drainage, wastewater treatment plants, and firefighting stations. The investor is currently investing in the construction of Phase 2 infrastructure, which includes 3 additional roads covering 142 hectares. For Zone C, 12 internal roads and Phase 1A drainage system (37.38 hectares) have been completed, while Phase 1B landfilling (45.44 hectares) is currently underway.

Geographic Location:

VSIP Industrial Park – Nghe An is situated in Hung Tay and Hung Dao communes, Hung Nguyen town – Hung Nguyen district, and Hung Chinh commune – Vinh city, Nghe An Province.

The industrial park enjoys a prime location with easy access to major transportation routes such as National Highway 1A, National Highway 46A, National Highway 46B, and Vinh – Cua Lo Boulevard. The industrial park has a convenient transportation system that connects seamlessly via sea, road, rail, and air:

• Located 3km from Vinh city
• Located 270km from Hanoi
• Located 80km from Thanh Thuy border gate (adjacent to Laos)
• Located 15km from Cua Lo seaport
• Located 4km from Vissai seaport
• Located 6km from Vinh railway station
• Located 4km from Vinh International Airport

Investment Incentives and Advantages:

VSIP Industrial Park – Nghe An offers attractive incentives and benefits to investors, including:

• Corporate income tax exemption for up to 4 years and a 50% reduction for the next 9 years.

• Import tax exemption for imported goods that are used for investment projects.
• The authorities waive or reduce land lease fees and land use fees for the first few years.
• Support in administrative procedures, licensing, and customs clearance.
• Abundant and skilled labor force from the local area and nearby regions.
• Favorable investment climate and stable political environment.
• Developed infrastructure and utilities to support industrial operations.
• Availability of ready-built factories and warehouses for lease.
• Access to a wide range of business and support services.

Industrial Infrastructure and Utilities:

VSIP Industrial Park – Nghe An provides world-class infrastructure and utilities to support industrial activities. Some of the key features include:

• High-quality internal road system with a width of 16-40 meters, ensuring smooth transportation within the park.
• Adequate lighting and signage for safety and convenience.
• Reliable water supply system with a capacity of 3,000m3/day, meeting the industrial water demand.
• Efficient drainage and wastewater treatment system to maintain environmental sustainability.
• Firefighting stations are strategically located throughout the park to ensure safety.
• 24/7 security services and CCTV surveillance for a secure working environment.
• High-speed internet connectivity and advanced telecommunications infrastructure.
• Green and landscaped areas for a pleasant working environment.

Amenities and Support Services:

To cater to the needs of investors and their employees, VSIP Industrial Park – Nghe An offers a range of amenities and support services, including:

• Commercial and residential areas within the industrial park for convenient living and business operations.
• On-site accommodation facilities for workers and expatriate staff.
• Retail centers, supermarkets, and food courts for daily needs and recreation.
• Banking services and financial institutions for convenient financial transactions.
• Training centers and vocational schools to support skills development and training programs.
• Medical clinics and healthcare facilities for employee well-being.
• Conference and exhibition centers for business meetings and events.
• Transportation services within the park, including shuttle buses.

Conclusion about VSIP Industrial Park – Nghe An:

VSIP Industrial Park – Nghe An in Vietnam is a rapidly developing industrial hub that offers a favorable investment environment, excellent infrastructure, and a range of support services. With its strategic location, comprehensive facilities, and attractive incentives, it has become an ideal destination for local and foreign investors seeking to establish or expand their industrial operations. The park’s commitment to international standards and sustainability makes it a promising platform for economic growth and development in the Nghệ An province and the North Central Coast region of Vietnam.

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