Minh Duc Industrial Park - Hung Yen
Minh Duc Industrial Park – Hung Yen. Area: 198 hectares – Term: Until 2057
Overview
Established in 2007, Minh Duc Industrial Park is located in Bach Sam Commune and Ngoc Lam Commune, My Hao District, Hung Yen Province. The infrastructure is developed by VNT Infrastructure Development Investment Joint Stock Company.
With an open investment environment and convenient technical infrastructure, Hung Yen Province has recently become a “destination” for many foreign investors, including those from Japan, South Korea, China, France, and the United States.
Location
Minh Duc Industrial Park enjoys a highly favorable transportation position, allowing seamless connectivity to neighboring provinces, seaports, land ports, and airports. This advantageous location helps businesses reduce transportation time and costs, particularly for import-export activities. Being close to Hanoi and benefiting from a young and abundant labor force, investors here find it convenient for recruiting and training workers while also enjoying cost savings in labor and services.
Infrastructure
Internal Roads:
- Main roads: 34 meters wide.
- Branch roads: 18.5 meters wide.
Electricity System:
- Power supply: A 22KV grid ensures a stable 24/7 electricity supply for production, even during peak seasons, and can cater to specific business needs.
Public Lighting System:
- Street lighting operates independently of the residential power system and is installed along all internal roads.
Water Supply:
- The water supply system is connected directly to the fences of each enterprise, with a capacity of 20,000 m³/day-night.
Drainage System:
- Rainwater drainage: Collected via a pipe system and discharged into nearby rivers.
- Wastewater drainage: Collected and treated at the industrial park’s wastewater treatment plant.
Waste Treatment:
- Enterprises sign contracts with licensed service providers for sorting, collecting, and transporting waste outside the industrial park to ensure environmental protection.
Wastewater Treatment:
- The centralized wastewater treatment plant has a capacity of 5,000 m³/day-night.
Telecommunication:
The telecommunications system meets international standards, with underground optical cables connected directly to each enterprise’s premises.
Supported Industries
Minh Duc Industrial Park focuses on attracting the following industries:
- Manufacturing and assembling electrical, electronic, and refrigeration equipment.
- Paper production, packaging, ceramics.
- Processing of agricultural and forestry products, and food.
- Consumer goods production.
- General light industries.
Labor costs
Minh Duc Industrial Park is located in My Hao District, Hung Yen Province, classified under Region II. As of 2024, the regional minimum wage for Region II is 5,000,000 VND/month.
Social Infrastructure
Customs Services:
- Hung Yen Customs Office is located 6 km from the industrial park. All sealing and customs procedures are performed directly at factories within the park.
Banking Services:
- Various banks, including Oceanbank, Vietcombank, BIDV, PG Bank, Seabank, Vietinbank, and Techcombank, are available in Hung Yen Province to meet the needs of businesses.
Post Offices:
- My Hao District Post Office is near the industrial park. Other nearby post offices include Bach Sam Commune (2 km), Minh Duc Commune (3 km), Duong Quan Commune (1.5 km), and My Hao Town (4-5 km).
Public Transportation:
- Private Bus Lines: Hai Au, Hoang Long, Mai Linh; buses run every 10-15 minutes and take about 40 minutes to Hanoi.
- State-owned Bus Lines: Hanoi Transeco; buses run every 30 minutes and take about 1.5 hours to Hanoi.
Fire Protection:
- The Fire Police team is located 1 km from the industrial park. Fire hydrants are installed along all main and branch roads.
Housing:
- The industrial park is near residential areas, ensuring housing and living convenience for workers. The investor plans to build a residential area for workers and experts working within the industrial park.
Healthcare:
- Nearby Pho Noi General Hospital and a comprehensive local healthcare system provide medical care for workers.
Education:
- The region has a diverse vocational education system. Hung Yen Province has about 15 professional vocational schools, 500 teachers, and over 10,000 students annually, providing a skilled labor force for businesses.
Investment Incentives
Minh Duc Industrial Park is part of the Northern Key Economic Region and enjoys several tax incentives, such as:
- Corporate income tax exemptions for the initial years based on investment scale and sector.
- Reduced corporate income tax rates in subsequent years, as per current regulations.
- Import tax exemptions for machinery and equipment used for fixed assets.
Development Potential
With its strategic location, developed transportation network, skilled labor force, and business-friendly environment, Minh Duc Industrial Park is an attractive destination for domestic and foreign investors seeking stable and efficient business operations.
(Note: all information above is for reference only. Actual information will be calculated according to the current time)
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