YEN PHONG INDUSTRIAL PARK
I. OVERVIEW OF YEN PHONG INDUSTRIAL PARK
- Yen Phong I Industrial Park was approved to be added to the planning of Vietnam’s industrial parks according to Official Dispatch No. 303/TTg-CN dated June 20, 2006 of the Prime Minister with a phase 1 planning area of 351 ha.
- Then, on October 20, 2011, the People’s Committee of Bac Ninh province approved the detailed construction plan to expand Yen Phong I industrial park at a scale of 1/2000 in Decision No. 1298/QD-UBND with an area of 313.9 hectares, of which industrial land area is 189.91 hectares.
- In 2016, the Prime Minister approved the investment policy on expanding Yen Phong Industrial Park I by 313.9 hectares, the project has an operating term of 50. On January 17, 2017, People’s Committee of Bac Ninh province issued Decision No. 775/QD-UBND on the expansion of Yen Phong I Industrial Park.
- Thus, after expansion, Yen Phong I Industrial Park has a total area of 658.71 hectares, of which industrial land area is 436 hectares. ,23 hectares.
Industry fields that attracting investment:
- Agricultural and food processing industry;
- Light industry;
- High-end consumer goods manufacturing industry;
- Electrical, electronic, mechanical assembly industry;
- Construction materials production industry.
II. GEOGRAPHICAL LOCATION OF YEN PHONG INDUSTRIAL PARK
- In terms of nature, Yen Phong Industrial Park is oriented to become a modern industrial park, attracting high-tech projects such as electronics, mechanics, information technology, new materials, high-end consumer goods, and food processing. …
- Regarding the location of regional connection, Yen Phong Industrial Park is centrally located connecting Hanoi and Bac Ninh, adjacent to important traffic routes and has convenient access to economic and political centers in the region. Specifically, Yen Phong I Industrial Park:
– 35 km from Hanoi center (45 minutes travel)
– 10 km from Bac Ninh city (20 minutes travel)
– 22 km from Noi Bai International Airport (20 minutes travel)
– Adjacent to National Highway 18
– 110 km from Hai Phong Port (2 hours travel)
See more: 20 remarkable Industrial Parks in Vietnam
III. INFRASTRUCTURE SYSTEM OF YEN PHONG INDUSTRIAL PARK, BAC NINH
Electricity distribution system:
- The power produced in Yen Phong Industrial Park is provided from the national grid through 04 110KV/22KV transformer stations right at the industrial park with a power supply capacity of 9*63 MVA.
- At the same time, the 22KV line is connected to the fence of each plot of land to serve the stable power supply for the production needs of all businesses operating in the Industrial Park.
Water supply system:
- Yen Phong I Industrial Park is built with an internal clean water supply system.
- Phase 1 has a water supply capacity of 36,000 m3/day and night, phase 2 has a capacity of 22,000 m3/day and night with water taken from Cau River and underground water sources, connected to each plot of land through the system. Water supply pipes D150 mm – D400 mm, ensuring clean water supply in the industrial park
Waste water treatment system:
- All production wastewater in Yen Phong Industrial Park is treated by the industrial park’s centralized wastewater treatment system.
- Phase 1, the system is capable of treating 28,000 m3/day and night, phase 2 adds a capacity of 12,000 m3/day and night with the ability to treat wastewater to column A according to Vietnam’s environmental technical standards.
Internal road system:
- The internal road of Yen Phong I Industrial Park is designed and built in a checkerboard shape, the main road has a width of 80m, branch roads have a width of 25m – 40m to ensure convenient traffic connection to all areas in the area. industrial area.
- In addition, each subdivision in Yen Phong Industrial Park has private parking lots, serving the needs of stopping and loading and unloading goods.
Communication systems:
- Ready to connect to a 4,000-digit satellite switchboard along with internet and telecommunications systems that are ready to connect at the request of investors.
Fire prevention and fighting system:
- Fire hydrants are arranged along the roads in Yen Phong industrial park with a distance of 120 m – 150 m with diameter D-125 allowing timely response to all fire incidents in the industrial park.
Rainwater drainage system and infrastructure landscape:
- The rainwater drainage system is arranged independently of the wastewater drainage pipes and is stored in intermediate reservoirs, ensuring that local flooding does not occur in the industrial park when heavy rain occurs.
Greenery, landscape, and water surface facilities are arranged to be built at a rate of 30% of the area of the entire industrial park, creating airy space and air conditioning in the industrial park, not only contributing to the landscape. but also environmentally friendly.
IV. LAND RENTAL COSTS AND INVESTMENT INCENTIVES IN YEN PHONG INDUSTRIAL PARK
Infrastructure usage fee: 160 USD/m2/entire lease term
Management fee: 0.9 USD/m2/year
Annual land rent: 0.2 USD/m2/year. Can be changed according to the regulations of the People’s Committee of Bac Ninh province
Electricity supply price: Applied according to EVN’s production electricity supply tariff (from 1,007 VND – 2,871 VND/KWh)
Water supply price: 9,638 VND/m3 (equivalent to 0.42 USD/m3)
Wastewater treatment fee: 6,500 VND/m3 (equivalent to 0.309 USD/m3). The amount of wastewater is calculated as 80% of the amount of clean water used
Note: The above prices do not include VAT and are subject to change without prior notice
Investment incentives in Yen Phong Industrial Park
Regarding corporate income tax: Apply the tax rate of 20%.
100% exemption from corporate income tax for the first 02 years and 50% reduction of corporate income tax for the next 04 years
Regarding import tax: Tax exemption for imported goods to create fixed assets for businesses for new investment projects
In addition, investors in Yen Phong industrial park also receive free support from the investor such as: Free consultation on investment registration procedures, business registration, personnel information registration…
5. CURRENT STATUS OF INVESTMENT ATTRACTION OF YEN PHONG INDUSTRIAL PARK
Currently, after 15 years of construction and operation, Yen Phong Industrial Park I has filled 100% of the industrial park area and filled over 90% of the expanded Yen Phong Industrial Park area with total capital. Registered investment reached over 10 billion USD from FDI and domestic capital sources.
It can be said that Yen Phong Industrial Park is one of the best industrial parks attracting investment in Vietnam.
That achievement of Yen Phong Industrial Park has helped Bac Ninh province for many consecutive years be in the top provinces attracting investment capital. largest FDI investment in the country and helped Yen Phong Industrial Park itself receive prestigious awards such as Best Industrial Park Developer in Vietnam in 2013, High Quality Construction Award in 2014
Typical projects in Yen Phong Industrial Park include Samsung Display Bac Ninh Project, Mobase Vietnam Project, User Interface Project…
