Yen Binh Industrial Park, Thai Nguyen Province
Yen Binh Industrial Park, Thai Nguyen Province. Area: 400 ha – Term: Until 2064
Overview
Yen Binh Industrial Park (IP) is located in Pho Yen City, Thai Nguyen Province. It was established under Decision No. 1856/QĐ-UBND dated August 22, 2014, issued by the People’s Committee of Thai Nguyen Province. The total area is 693 ha, with 400 ha dedicated to industrial land and rental factories, developed in two phases: Phase 1 (336 ha) and Phase 2 (64 ha).
Yen Binh IP emphasizes green industrial development, with landscaped greenery, a cooling lake, and recreational parks. The investor has also built a residential area on 16 ha for workers, with accommodation for approximately 20,000 people.
Samsung Vietnam’s headquarters is located in Yen Binh IP. The Samsung Electro-Mechanics project was first granted investment certification in 2013, with a registered capital of $1.2 billion. After seven investment adjustments, the capital reached $1.35 billion in May 2020. On February 16, 2022, Thai Nguyen Province issued a certificate for an additional $920 million, raising the total investment of Samsung Electro-Mechanics Vietnam to $2.27 billion.
A Hub for Global Investors
Beyond Samsung, Yen Binh IP has attracted hundreds of investors from South Korea, Japan, and China, significantly boosting the socio-economic development of Thai Nguyen. Prominent investors include:
- Samsung Electronics Vietnam
- Trina Solar Energy Development Co., Ltd.
- Dainese Vietnam Co., Ltd.
- Messer Industrial Gases Co., Ltd.
- Viet Dat Electronics Co., Ltd.
Location
Yen Binh IP is strategically positioned between five major cities, including Hanoi, Thai Nguyen, Bac Ninh, Bac Giang, and Vinh Yen, with travel times of 20–30 minutes. Its infrastructure supports seamless connectivity via road, waterways, rail, and air, making it ideal for goods transportation.
Situated along the Vietnam–China economic corridor and major highways such as Hanoi–Lao Cai–Kunming and Hanoi–Lang Son–Nanning, the park facilitates international trade and regional integration with ASEAN countries.
Infrastructure
- Internal Roads: Internal traffic occupies 13.3% of the total area, with main roads 47m wide and branch roads 21.5m wide.
- Electricity: Power is supplied from three substations (3x63MVA – 110/22kV) outside the park. Two independent power sources ensure uninterrupted electricity.
- Public Lighting: A separate lighting network lines the traffic routes.
- Water Supply: Water is sourced from the Yen Binh water plant, with a capacity of 150,000m³/day, using Japanese technology.
- Drainage: Rainwater is collected through roadside inlets spaced 35–40m apart, while wastewater uses underground pipes (D500–D1500).
- Waste Treatment: Professional waste management services handle solid waste, with operations managed by Thai Nguyen’s environmental sanitation plant.
- Wastewater Treatment: A centralized wastewater treatment plant (capacity: 80,000m³/day) is built with Japanese technology.
- Communication Systems: Advanced telecommunications infrastructure with high-speed connectivity meets international standards.
Supported Industries
Yen Binh IP prioritizes sectors appealing to foreign investors, including:
- Manufacturing of metal and plastic components for mobile phones and electronic devices.
- Production of mobile phones, tablets, digital cameras, and related components.
- Semiconductor and LCD device fabrication.
- Automation equipment manufacturing.
- Electronic and mobile device assembly.
Labor costs
Yen Binh IP is in Region II, where the minimum wage is 4,410,000 VND/month as per the latest regulations.
Social Infrastructure
- Customs: On-site customs services.
- Banks: Oceanbank, Vietcombank, BIDV, PG Bank, SeABank, Vietinbank, Techcombank, and others.
- Postal Services: Delivery services from TDT Express, VNPT, DHL, FedEx, and TNT.
- Transportation: Extensive bus network connecting major provinces and cities.
- Fire Protection: Fire hydrants are installed every 120–150m, with a well-trained firefighting team on standby.
- Housing: Close to vibrant residential areas, the park includes accommodations for 20,000 workers.
- Healthcare: Local hospitals and medical centers cater to employees’ health needs.
- Education: Schools at all levels meet educational requirements for workers and their families.
Investment Advantages
Strategic Location:
- Located in Pho Yen City, Thai Nguyen, with proximity to major cities like Hanoi, Bac Ninh, and Bac Giang.
- Seamless connectivity via:
- Road: Major highways (QL5A, QL18, QL1B) and expressways (Hanoi–Thai Nguyen, Hanoi–Hai Phong).
- Sea: About 100 km to major ports like Cai Lan and Cat Bi.
- Air: 30 km from Noi Bai International Airport.
- Rail: 1.2 km from the Hanoi–Thai Nguyen railway station.
Skilled Workforce:
- Proximity to educational hubs (Hanoi and Thai Nguyen) ensures a steady supply of highly skilled labor.
Attractive Incentives:
- Tax exemption for the first two years and a 50% reduction for the next four years.
- Special policies for high-tech industries and sustainable development.
(Note: all information above is for reference only. Actual information will be calculated according to the current time)
💠Learn more about us:
—
Your trusted partner in Vietnam Real Estate, Industrial Parks, and Invest Vietnam.
Stay Connected:
- Fanpage: blueoceanrealtyvn
- Youtube: BlueOceanRealty , @batdongsanbor , @blueoceanrealtyvietnam
- Instagram: blueoceanrealtyvn
- Tiktok: @bortintuc
📲 Hotline/ Zalo: +84888089696
—
