Yen My II Industrial Park - Hung Yen

Overview of Yen My II Industrial Park – Hung Yen:

Yen My II Industrial Zone, spanning an area of 313.5 hectares, is a multi-sector-focused industrial zone established by the Vietnamese government in 2015.

The infrastructure development and investment are led by Hoa Phat Urban Development and Construction Joint Stock Company, a subsidiary of Hoa Phat Group, a leading private conglomerate in Vietnam.

Situated on National Highway 39 in Yen My District, Hung Yen Province.

The Prime Minister approved the expansion of the zone by an additional 216 hectares according to the Provincial Industrial Zone Development Plan until 2020.

Yen My II Industrial Zone offers an advantageous location for businesses investing in Vietnam. It takes only 30 minutes by car to reach the largest consumer market in the northern region, making it an ideal destination. Moreover, the zone serves as a premier human resources training center nationwide. It has become a favored destination for both domestic and foreign investors.

With well-planned infrastructure, synchronized technical facilities, and professional management, Yen My II Industrial Zone attracts renowned enterprises from various countries worldwide. Notable examples include Kokwang Industry Vietnam (South Korea), Mingshin Vietnam (Hong Kong), and Uni-President (Taiwan). The wastewater treatment system in Yen My II Industrial Zone is highly regarded by investors.

Geographically:

Yen My II Industrial Zone is strategically located on National Highway 39, adjacent to National Highway 5A and the Hanoi-Hai Phong Expressway, a vital transportation route connecting to the international seaport in Hai Phong and the deep-water port in Cai Lan (Quang Ninh Province). This favorable position facilitates import-export activities, and it is within proximity to key transportation hubs:

• 14 km from Lac Dao Railway Station
• 30 km from Hanoi city center
• 50 km from Noi Bai International Airport
• 127 km from Cai Lan Port
• 75 km from Hai Phong Port

Furthermore, the seamless connectivity enables convenient travel from Yen My II Industrial Zone to important economic centers such as Bac Ninh, Hai Duong, Hai Phong, Bac Giang, and Ha Nam.

Infrastructure of Yen My II Industrial Park – Hung Yen:

Internal Traffic:

The internal traffic system has road cross-sections ranging from 21.25m to 45m, with road widths from 11.25m to 22.5m, accommodating convenient access for 40-foot container trucks and other road transport vehicles.

Power System:

Continuous and stable power supply is provided through the Yen My Town 110/22KV/35KV transformer station with a capacity of 63MVA.

Public Lighting System:

The street lighting network is designed separately with a power supply system arranged along the traffic routes.

Water System:

To ensure a clean water supply for businesses, the industrial zone has planned a water plant with a capacity of 7,500m3/day and night.

Wastewater and Stormwater System:

• Stormwater is collected through a drainage system and discharged into rivers within the area.
• Wastewater is collected and treated at the industrial zone’s wastewater treatment plant.

Waste Management:

The investor will contract professional waste management units with licenses to handle waste by regulations.

Wastewater Treatment:

The Yen My II Industrial Zone’s wastewater treatment plant has a total capacity of 12,000 m3/day and night, utilizing a combined physical, chemical, and biological treatment system contracted to Ecoba Environmental Technology Co., Ltd. (Ecoba ENT) as the main contractor.

Communication System:

• Internet: Broadband ADSL, international telecommunications (IDD), fiber optic cables, and leased lines.
• Telephone: The number of lines will be based on the investor’s needs.

Fire Prevention and Fighting:

The water supply system with fire hydrants is arranged along the industrial zone’s road routes.

Industries attracting investment in Yen My II Industrial Park – Hung Yen:

• Supporting industries.
• Food processing.
• Manufacturing of automobiles, motorcycles, machinery, equipment, and precast metal products.
• Construction materials.
• Mechanical engineering.
• Electronics.
• Equipment and spare parts.
• Medical devices.
• Transportation and warehousing.

Advantages of investing in Industrial Park:

Labor Cost:

• Yen My II Industrial Zone is located in Yen My district, Hung Yen province, belonging to Zone II.
• In Zone II, the minimum wage stands at 3,920,000 VND per month, as of now.

Investment incentives:

Corporate income tax:

• Enjoy a tax rate of 10% for 15 years and be exempt from tax for 4 years, with a 50% reduction in the amount of tax payable for the next 9 years for income from implementing new investment projects in certain special preferential investment sectors according to the tax laws.
• Enjoy a tax rate of 17% and be exempt from tax for 2 years, with a 50% reduction in the amount of tax payable for the next 4 years for income from implementing new investment projects in certain sectors such as high-grade steel production; energy-saving product manufacturing; production of machinery and equipment for agriculture, forestry, fisheries, and salt production; irrigation equipment production; production and refining of livestock, poultry, and aquatic animal feed.
• Be exempt from corporate income tax for 2 years and enjoy a 50% reduction in the amount of tax payable for the next 4 years for enterprises implementing new investment projects in the industrial zone.

Import tax:

Investment projects in the industrial zone are exempt from import tax on imported goods to create fixed assets by the provisions of the Law on Export Tax and Import Tax.

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