Yen My Industrial park – Hung Yen


1. Legal information

On July 17, 2018, the Management Board of Industrial Parks of Hung Yen province granted the Investment Registration Certificate to Viglacera Yen My – Hung Yen Industrial Park Development Joint Stock Company with the project “Investment in construction and infrastructure business in Viglacera Yen My industrial park, Hung Yen province”. Accordingly, the project “Investment in construction and infrastructure business of Viglacera Yen My Industrial Park, Hung Yen province” has a total area of 280 hectares, with a total investment capital of VND 2,348 billion. In which, the contributed capital to implement the project is: VND 352 billion, accounting for 15% of the total investment capital. The objective of the project is: Investment in construction and business of infrastructure of industrial parks. Project implementation location: Tan Lap and Trung Hoa communes, Yen My district, Hung Yen province; project operation term: 50 years, from May 30, 2018. Viglacera Yen My – Hung Yen Industrial Park Development Joint Stock Company is a subsidiary of Viglacera Corporation, established in April 2019. The company is responsible for investing in a synchronous industrial park infrastructure system according to the approved plan; monitoring and supervising the investors in Yen My Industrial Park to comply with the law on investment, construction, environmental protection and relevant laws.

2. Location

Hung Yen is a province in the Red River Delta, located in the center of the Northern Delta and in the key economic region of the North (Hanoi – Hung Yen – Hai Duong – Hai Phong – Quang Ninh). The Northern part of Hung Yen is near Bac Ninh province; the northwest part is next to Hanoi capital; The East and Northeast part is near Hai Duong province; The West part is near both Hanoi and Ha Nam. These are all provinces with impressive industrial development in recent years. Therefore, when investing in Hung Yen, investors will benefit from being close to major economic centers.

Yen My Industrial Park is located on 39A Highway, between 5A National Highway and Hanoi – Hai Phong Expressway. In addition to inheriting the advantages of the geographical location of Hung Yen Province, Yen My Industrial Park also has a network of synchronous transport connections, both by road, by railway, by river, by sea and by air. Specifically:

  • 32 km from Hanoi capital;
  • 90 km from Hai Phong city;
  • 50 km from Noi Bai international airport;
  • 100 km from Cat Bi international airport;
  • 170km from Van Don international airport;
  • 12 km from Lac Dao station;
  • 35 km from Hanoi station;
  • 75 km from Hai Phong port;
  • 120 km from Cai Lan port

The convenient connection to the provinces and cities in the northern key economic center is a great opportunity for investors in Yen My industrial park, not only reducing freight costs but also attracting abundant labor resources from neighboring provinces and cities.



1. Infrastructure

In addition to taking advantage of geographical location and abundant local human resources, the industrial park’s infrastructure is comprehensively and modernly invested to meet the business needs in order to make sure that the operation of enterprises is stable and long-term.

Regarding the power supply in the industrial park, the power source is provided by the Vietnam Power Group.

Electricity is connected from the national grid to the industrial park’s own substation. The transformer station has a voltage of 110/22 KV with a capacity of 7×63MVA to ensure a stable power supply to meet the production needs of enterprises in the Industrial Park.

Regarding the water supply in the industrial park, the investor of Yen My Industrial Park built a water plant with a capacity of 10,000 m3/day and night to serve the clean water needs of the factories in the zone. The water supply pipe is designed with pipes from D150mm – D400mm to ensure timely and convenient water supply to each plant.

Regarding drainage, waste and wastewater treatment, Rainwater and wastewater drainage systems are built separately. The diameter of the underground storm drain is D800mm – D1250mm on the principle of self-flow. – Wastewater treatment plant with a capacity of 8,000 m3/day (Wastewater volume is calculated as 80% of water supply). Drain diameter D300mm – D600mm. Solid waste from the factories will be classified, collected and transferred to the concentrated waste dump in Hung Yen province for treatment.

Regarding fire protection in the industrial park, in addition to making sure that the basic infrastructure to meet the production needs of factories in Yen My industrial park, investors are also interested in investing in a fire protection system. fire fighting, ensuring timely handling of fire incidents in industrial zones. Fire water supply system is arranged along all internal roads. The distance between the fire hydrants is 120m – 150m. Diameter of fire hydrant D125mm.

Regarding the environment and trees, investors are also interested in investing in green landscapes and water surface. The area of ​​trees, water surface and technical infrastructure accounts for 28%. Green areas are arranged along internal roads and land lots, contributing to creating a green landscape for the industrial park.

2. Social infrastructure and services

Yen My Industrial Park with a favorable geographical location near residential areas has made the most of its advantages of social infrastructure and services of Yen My district. This helps to ensure the essential needs in working and living of employees. Therefore, employees tend to stick with enterprises in the industrial park for a long time, ensuring a stable source of labor for enterprises in the industrial park.

Regarding Customs, the Customs office is located in Pho Noi, 4km from the industrial park. All technical procedures such as sealing and clamping are carried out right at the factories in the industrial park, creating favorable conditions for businesses that carry out export and import activities.

Regarding banking, big banks such as Joint Stock Commercial Bank for Foreign Trade of Vietnam, Vietnam Joint Stock Commercial Bank For Industry And Trade, Bank for Investment and Development of Vietnam JSC have branches and transaction offices located near the industrial park.

Regarding the post office, the post office branch is located in the center of Yen My district, providing essential telecommunications services such as data transmission, Internet, IP phone, video conference. Ensure to meet the basic needs of businesses in the area.

Regarding the bus system, with the advantage of being located near Hanoi, Yen My Industrial Park takes advantage of the bus route Hanoi – Hung Yen. The bus route runs with a frequency of 10 minutes/route, serving from 5am to 8pm, with a ticket price of 30,000VND/person.

In terms of security in the area, in the industrial park, there is a police cluster and a fire brigade to be ready to deal with unsafe incidents and the risk of fire and explosion in the area. In addition, the industrial park has a security team to ensure security and order in the area. Regarding hospitals, Pho Noi General Hospital is 3km away from the industrial park, meeting the basic medical examination and treatment needs for workers in the industrial park. In addition, there are many quality-assured polyclinics near the industrial park. Regarding the training and vocational schools, Hung Yen Technical Pedagogical University in My Hao district each year trains thousands of bachelors, colleges and technicians; Industrial College is located in Yen My district, each year it trains 4000 workers to supply industrial park enterprises.


1. Expenses

  • Land rental price with infrastructure: 99 USD/m2.
  • Minimum rental area 1ha
  • Land rent: according to the decision of Hung Yen Provincial People’s Committee annually.
  • Management fee: 0.7 USD/m2/year, paid annually
  • Water price: According to the decision of the People’s Committee of Hung Yen province.
  • Wastewater treatment fee: According to the regulations of the supplier at the time of use Phone, Internet and other service charges as specified by the provider at the time of use. The above costs do not include VAT and are subject to change.

2. Investment incentives industry

Yen My Industrial Park focuses on attracting industries such as: Electrical industry, electronics, high-tech industries, building materials and mechanics, pharmaceuticals, cosmetics, food, light industry, goods consumption,…

3. Investment incentives

– Corporate income tax: businesses pay tax at the rate of 20%, and enjoy tax exemption for the first 2 years, 50% tax reduction for the next 4 years. The applicable corporate income tax incentives are calculated continuously from the first year the enterprise has taxable income from the investment project; in case an enterprise has no taxable income in the first 3 years since it has revenue from an investment project, the tax exemption or reduction period is counted from the fourth year.

– Import tax on machinery and equipment (applicable only to industries eligible for investment incentives as prescribed in Decree 134/2016/ND-CP supplemented by Decree 18/2021/ND-CP): Exemption from import tax import goods to create fixed assets,

– Exemption from import tax on raw materials and supplies imported for the production of export goods, Exemption from import tax on production materials for 5 years from the beginning of production, if the enterprise invests in the project. on the list of projects especially encouraged for investment.

– Tax on transferring profits abroad: Completely exempt from tax on transferring profits abroad.

– Value added tax: Value added tax is exempted for exported goods.

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