Hai Long Industrial Park – Thai Binh Province
Hai Long Industrial Park – Thai Binh Province. Area: 296.97 ha – Operation Term: Until 2072
General Introduction
Hai Long Industrial Park (IP) is the second IP (after Lien Ha Thai IP) approved by the Prime Minister for establishment and granted investment policy within Thai Binh Economic Zone under Decision No. 1370/QD-TTg dated November 09, 2022. Hai Long IP is connected to the coastal road, the main traffic arteries of the province, and the trunk road of Thai Binh Economic Zone. This IP is expected to become an attractive investment destination thanks to its great potential and to strongly drive the socio-economic transformation of Tien Hai District.
Hai Long IP covers a total area of 296.97 ha, including 277.1 ha for industrial land, 6.1 ha for social housing, 5 ha for expert housing, and 8.5 ha for industrial service land.
As part of Thai Binh Economic Zone, secondary investors in Hai Long IP are entitled to special incentives under central government regulations as well as investment promotion policies from the province, such as: exemption and reduction of land lease fees; support for infrastructure construction up to the fence line; site leveling assistance; support for factory construction and leasing; workforce training assistance; trade promotion support; and facilitation in investment-related administrative procedures.
The investor of Hai Long IP is Bao Minh Industrial Park Infrastructure Investment Joint Stock Company, a financially capable and experienced investor in IP development, management, and operation. The project is identified as a key investment, planned with modern, synchronized infrastructure meeting international standards, prioritizing utilities, environmental friendliness, and sustainable development. The total infrastructure investment value of Hai Long IP is estimated at over VND 2,200 billion.
Hai Long IP is planned with the goal of building a modern, green, and synchronized industrial zone, becoming a flagship project of Thai Binh Economic Zone and the Red River Delta region. It will contribute to expanding the industrial land fund of Thai Binh, integrating infrastructure networks, enhancing land use efficiency, and attracting projects applying advanced, eco-friendly technologies. The IP is expected to transform rural landscapes, improve local living standards, and accelerate economic restructuring of Tien Hai District toward reducing agriculture and increasing industry, commerce, and services.
On February 15, 2023, the groundbreaking ceremony of Hai Long IP was held. According to the project schedule, clean land was expected to be handed over to secondary investors by Q3/2023.
Location
Hai Long IP is located in Dong Tra, Dong Long, and Dong Xuyen Communes, Tien Hai District, within Thai Binh Economic Zone. The IP lies along the Tra Ly River, connected by the coastal road, DT.464, and DT.221D, forming a multimodal transport network (road and waterway) that facilitates transportation, production, and business operations. Moreover, it is only about 40 km from Hai Phong’s deep-water port and international airport, providing favorable logistics for manufacturing and import-export activities.
Infrastructure
Internal Roads: Modern, synchronized design. Main roads with 4 lanes, branch roads with 2 lanes, ensuring smooth traffic and goods transport.
Power Supply: Electricity supplied to each land plot with a capacity of 300 MVA.
Lighting System: Public lighting separated from residential power supply, installed along main roads.
Water Supply: Clean water plant with a capacity of 50,000 m³/day-night, meeting all investor demands.
Drainage System: Separate systems for rainwater and wastewater.
Solid Waste Treatment: Solid waste collected and transported to centralized landfill after preliminary classification.
Wastewater Treatment: Central treatment plant with a capacity of 30,000 m³/day-night. Treated water meets Grade A standards before discharge.
Telecommunications: Modern, synchronized telecommunications meeting international standards, providing full domestic and international services.
Supported Industries
Hai Long IP focuses on attracting projects in the following sectors:
- Electrical and electronic industries
- Mechanical engineering and assembly
- Agro-processing, food, and consumer goods industries
- Textile, garment, and high-quality fabric finishing
- Ceramic and porcelain industries
- Supporting industries, warehousing, and logistics
These industries are characterized by high economic value, advanced technology, minimal environmental impact, and effective use of Tien Hai’s land and energy resources.
Labor costs
Tien Hai District belongs to Region IV. The current minimum wage is VND 3,250,000/month.
Social Infrastructure
Customs Services: Conveniently located near customs office.
Banks: Banking system located 1 km away, with ATMs available inside the IP.
Post Office: Equipped with modern IT systems for data transmission, internet, telephone, and video conferencing.
Bus Network: Routes connecting to Hai Duong, Hanoi, Quang Ninh, Hai Phong, Bac Ninh, Tuyen Quang, Phu Tho, etc.
Fire Protection: Equipped with fire hydrants along internal roads.
Housing: Planned 6.1 ha of social housing and 5 ha of expert housing inside the IP.
Healthcare: Medical network available throughout Tien Hai District.
Education: Full education system from kindergarten to colleges and vocational training.
Investment Advantages
Abundant Labor Force, Low Labor Cost: Tien Hai District has over 60,000 skilled workers, plus 1,000 new workers annually. Around 30,000 local workers currently working outside the province are willing to return if enterprises recruit.
Large CNG Gas Reserve: Tien Hai Gas Field reserves hundreds of billions of cubic meters, with annual output of 200 million m³.
Coastal Investment Incentives:
Corporate Income Tax: 10% preferential rate for 15 years; tax exemption for 4 years and 50% reduction for the Next 9 years.
Land Lease: Exemption for 13 years.
Import Tax, Personal Income Tax incentives.
Reputable Investor: Bao Minh Industrial Park Infrastructure Investment JSC has strong financial capacity and extensive experience in IP development and operation.
(Note: all information above is for reference only. Actual information will be calculated according to the current time)
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