The Yen Lu Industrial Park lies in Bac Giang province, Vietnam, specifically in the Yen Lu and Nham Son communes of Yen Dung district. It emerged from the Nham Son – Yen Lu industrial cluster.
Given the continuous development and achievements of the Nham Son – Yen Lu industrial cluster, along with existing advantages, the Prime Minister approved the proposal to adjust and supplement the industrial zone planning in Bac Giang province. This led to the establishment of the new Yen Lu Industrial Park spanning 377 hectares.
As a result, the People’s Committee of Bac Giang province issued a decision approving the zoning plan for the construction of the Yen Lu Industrial Zone in Yen Dung district.
Covering a total land area of 377 hectares, the Yen Lu Industrial Park is situated in Bac Giang province’s Yen Lu and Yen Dung communes. It will be adjacent to the Nham Son – Yen Lu industrial cluster, connected through a comprehensive infrastructure system along National Highway 17.
Capella Land aims to expedite land clearance, compensation, and infrastructure construction in 2022. This will cater to the increasing investment and business demands of enterprises in the area. The Yen Lu Industrial Zone is envisioned as a multi-sector comprehensive industrial zone, with a primary focus on high-tech processing, manufacturing industries, and environmentally friendly technologies.
The panorama of Yen Lu Industrial Park – Bac Giang – TTTFIC Group
Geographical location of the Yen Lu Industrial Park:
Bac Giang province, located in the Capital Region Plan, serves as a crucial gateway connecting Hanoi and the North Central Highlands, as well as providing access to Quang Tay Province, China. The development of infrastructure and industrial zones has made Bac Giang’s real estate market increasingly appealing to investors.
The recent surge in land prices in Bac Giang has astonished many investors. Since the beginning of 2021, land prices have experienced a rapid and significant increase, with some areas seeing prices double or even triple. Districts with approved real estate projects like Viet Yen, Yen Dung, and Luc Lam have particularly seen the highest land price surges.
The strategic location of the Yen Lu Industrial Park on National Highway 17 offers excellent connectivity to airports, seaports, and major cities such as Hanoi and Bac Ninh via National Highway 1A and National Highway 18. This prime transportation hub enhances accessibility and strengthens economic connections within the region.
In the Yen Lu and Nham Son communes of Yen Dung district, Bac Giang province, the Yen Lu Industrial Park is located.
Distances from the Yen Lu Industrial Park include:
– Hanoi: 55km
– Bac Ninh: 12km
– Noi Bai Airport: 45km
– Hai Phong Port: 100km
– Cai Lan Port: 95km
– Huu Nghi Vietnam-China Border Gate: 130km.
The infrastructure of the Yen Lu Industrial Park:
The Yen Lu Industrial Park, a newly established industrial zone, has a substantial planned land area of 377 hectares. It aims to focus on the development of high-tech and environmentally friendly industries, necessitating the construction of modern and synchronized infrastructure. According to Decision No. 706/UBND, the park’s infrastructure will include the following features:
– Transportation: External roads with a width of 55m and internal roads with a width of 38m.
– Drainage system: Separate systems for stormwater and wastewater, with a treatment station capable of handling 12,000m3/day and night.
– Water supply system: Sourcing water from the Nam Son Trading and Construction Joint Stock Company’s water supply plant, with future potential to utilize the DNP Bac Giang clean water plant.
– Power supply system: Substations, including the Yen Lu 110/22kV substation (2x63MVA) and the Yen Dung 220/110kV substation, will provide electricity to the industrial park and surrounding areas.
– Wastewater treatment system: Local treatment of domestic and industrial wastewater before discharging it into the shared drainage system, meeting Class A standards.
– Fire protection system: Equipped with an automatic fire protection system.
– Telecommunications system: Complete infrastructure for telephone and internet services.
– Greenery planning: 15% of the area dedicated to green spaces.
Transportation of Yen Lu Industrial Park – Bac Giang
Investment-Attractive Industries:
The Yen Lu Industrial Zone is a multi-sector industrial park that prioritizes environmentally-friendly industries:
Electronics and supporting industries.
Manufacturing and consumer goods industries.
Mechanical engineering industry.
Other light industries.
Investment Costs:
Maintenance and infrastructure fees: 0.5 USD/m2/year (excluding VAT).
Land lease fees: According to government regulations at each specific period (estimated around 115 USD/m2), revised every 5 years.
Industrial park management fee: 1 USD/m2/year.
Electricity usage fees:
– 0.1 USD during peak hours.
– 0.05 USD during normal hours.
– 0.03 USD during off-peak hours.
Clean water usage fee: 0.40 USD/m3. The amount of clean water used is measured based on the water meter reading.
Wastewater treatment fee: 0.35 USD/m3. The pre-treatment quality requirement is Class B, and the treated water quality is Class A.
Solid waste disposal fee: 28 USD/m3.
The wage level in Zone 3, with a minimum wage of 3,640,000 VND per month, is highly competitive compared to neighboring provinces.
Investment incentives:
ADVANTAGES OF INDUSTRIAL PARK:
– Ideal transportation connectivity: The Yen Lu Industrial Park is located on National Highway 17, providing convenient access to Noi Bai International Airport, Hai Phong International Seaport, and major cities such as Hanoi, Bac Ninh, and Bac Giang via National Highway 1A and National Highway 18.
– Labor advantages: The industrial park is situated 15km from the center of Bac Giang City, 18km from the center of Bac Ninh City, and adjacent to many neighboring provinces with abundant labor resources. Currently, the population of Bac Giang province is approximately 1.9 million people, with around 200,000 people in Yen Dung district, and the total population of neighboring provinces is approximately 5.6 million people, with 60% of the population being of working age. Moreover, the industrial park is located near provinces that attract strong investments, resulting in a high-quality workforce that has access to advanced machinery and modern technology. This is considered an advantage as it reduces the time required for labor training. Additionally, although Yen Dung district is only about 7km away from the boundary of Bac Ninh City, the labor wage level in Yen Dung is categorized in Zone 3 instead of Zone 2 like other nearby industrial parks.
– Modern and synchronized infrastructure connectivity.
– Corporate income tax incentives.
– The industrial park investor has an experienced team of staff familiar with investment procedures. They provide investment advice and maximum support to enterprises in obtaining investment certificates and other related legal procedures.
INVESTMENT INCENTIVES
Investors in the Yen Lu Industrial Park will receive a 2-year tax exemption and a 50% reduction in corporate income tax for the following 4 years once they generate taxable income.
INVESTMENT SUPPORT
The investor will provide maximum support to investors in initial investment procedures such as registering for investment certificates, obtaining seals, and tax identification numbers, and facilitating bank loans immediately after signing the infrastructure lease contract and land sublease contract.
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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Industrial real estate in industrial zones, Vietnam
