Lam Son Sao Vang Industrial Park, Thanh Hoa. Area: 227 ha – Term: 2021–2071
Lam Son Sao Vang Industrial Park (IP) in Thanh Hoa Province was approved under the 1/2000 subdivision planning decision by the Thanh Hoa Provincial People’s Committee, per Decision No. 1285/QD-UBND dated April 14, 2016. The total planned area is approximately 537 ha. Infrastructure investors for this IP include Cuong Thinh Thi Construction Group JSC and Mien Trung Construction Group JSC. The project aims to develop technical infrastructure, apply modern scientific and technological advancements, and implement advanced management practices in production.
Lam Son Sao Vang IP is one of four key economic clusters in Thanh Hoa Province. It is located in Xuan Thang and Xuan Phu Communes (Tho Xuan District) and Tho Commune (Trieu Son District). Post-2030, the IP will expand westward by 130 ha, increasing the total industrial land area to 667.3 ha. The park plays a vital role in economic development, urbanization, and regional connectivity between the province’s plains and mountainous areas.
Currently, the infrastructure is gradually being completed, attracting numerous investors from South Korea, the United States, Japan, Singapore, and other countries to explore investment opportunities.
Lam Son Sao Vang IP benefits from convenient transportation infrastructure. The planned area lies along the Ho Chi Minh Highway, intersecting with National Route 47. This location enables direct and efficient connections within the province, interprovincial areas, the Northwest region, and Laos. Notably, the development of Tho Xuan Airport significantly enhances investment attractiveness and overall development.
Internal Roads
Main roads: Width of 39 m
Branch roads: Width of 23 m
Electricity Supply
The power supply comes from Tho Xuan 110/35/6 kV substations, located 500 m northwest of the IP’s planned area.
Public Lighting System
The road lighting system is separate from residential power supply and is installed along main traffic routes.
Water Supply
Water is sourced from a water plant with a total capacity of 54,000 m³/day-night, built in two phases:
Phase 1:Capacity of 30,000 m³/day-night
Phase 2:Additional capacity of 24,000 m³/day-night
Drainage System
Rainwater and wastewater drainage systems run along roads, leading to a central treatment plant.
Pipeline diameters range from D600 mm to D800 mm, employing an automated drainage system.
Waste Management
Solid waste from factories is classified, collected, and transported to centralized disposal sites in accordance with local regulations.
Wastewater Treatment
Two wastewater treatment plants will be built in two phases:
Phase 1:Initial capacity of 10,000 m³/day-night, later expanded to 15,000 m³/day-night.
Phase 2:Capacity of 5,000 m³/day-night, including a pumping station with a projected capacity of 300 m³/day-night.
Telecommunications
Telecommunications services are supported by a satellite station with a capacity of 90,000 subscriptions.
Lam Son Sao Vang IP primarily attracts industries such as:
The Lam Son Sao Vang Industrial Park is located in Tho Xuan and Trieu Son Districts, classified as Zone IV. Therefore, the current regional minimum wage for Zone IV is 3,070,000 VND/month.
Transportation Infrastructure
The park’s location at the intersection of the Ho Chi Minh Highway and National Route 47 offers excellent regional and international connectivity. Proximity to Tho Xuan Airport further enhances investment appeal.
Tax Incentives
High-Tech Enterprises:Newly established high-tech enterprises and software projects enjoy a 10% corporate income tax rate for 15 years, a 4-year tax exemption, and a 50% tax reduction for the next 9 years.
Large-Scale Projects:For significant investment projects, the 10% tax rate may extend up to 30 years. Post-preferential period, the corporate income tax rate is 25%.
Abundant Workforce
Thanh Hoa is the third most populous province in Vietnam, with a well-established training system meeting investors’ demands for both workforce quality and quantity.
Competitive Costs
Lam Son Sao Vang IP offers competitive land rental rates and low labor costs, making it an attractive choice for investors.
(Note: all information above is for reference only. Actual information will be calculated according to the current time)
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