Nam Dinh, where Tan Thinh Industrial Cluster is located, is a province with the 11th highest Gross Regional Domestic Product (GRDP) in Vietnam at 7.9% (2021), with a population of 1.85 million people. Within this population, 62.5% are in the working age group, totaling approximately 1.156 million individuals. Located adjacent to provinces like Thai Binh, Ha Nam, and Ninh Binh, with its eastern and southern borders meeting the East Sea and situated within the economic belt of the Gulf of Tonkin, Nam Dinh is considered an attractive destination for investors.

1. General information 

• Name: Tan Thinh industrial cluster – Nam Dinh
• Scale: 50 hectares
• Occupancy rate: 30%
• Location: Tan Thinh Commune, Nam Truc District, Nam Dinh Province
• Operating period: 50 years (2022-2072)
• The entire project is expected to commence operations in January 2025.

• November 2022: Official approval of the 1:500 planning for the project.
• July 2022: Decision to establish, with the investor being BMK Corporation.
• June 2024: Officially handing over the first land plot to the secondary investors.
• January 2025: Investors commence production. The entire project officially becomes operational.

2. Geographical location and regional connectivity 

The Tan Thinh Industrial Cluster is located in Tan Thinh Commune, Nam Truc District, Nam Dinh Province, situated along National Highway 21, a vital artery in the province of Nam Dinh. From an overall perspective, Tan Thinh Industrial Cluster holds a prime strategic position in Nam Dinh, merely a 10-minute drive from the center of Nam Dinh city, positioned directly on National Highway 21B. Besides being advantageous for road logistics, Tan Thinh IC also enjoys favorable conditions for both waterway and railway logistics. All of these transportation modes ensure quality and facilitate secondary investors in their operational phase, making it easy to transport raw materials for production and distribute products domestically and for exportation.

• Distance from Nam Dinh city center: 8km
• Distance from North-South Highway: 31km
• Distance from Hanoi: 90km
• Distance from Noi Bai International Airport: 144km
• Distance from Hai Phong International Port: 120km

Riverways:

• Connected to Nam Dinh Port (9km), accommodating vessels with a load capacity of 1,000 tons.
• Tra Ly – Thai Binh Port area (54km), capable of receiving vessels with a load capacity of up to 2,000 tons.
• Planned (2021-2030 with a vision to 2050): A new port on the Red River near Tan Thinh IC, located 5km away, capable of receiving vessels with a load capacity of 3,000 tons.

Seaways

• Connected to Hai Thinh Port – Nam Dinh (50km), capable of receiving vessels with a load capacity of up to 3,000 tons.
• Connected to Diem Dien Port – Thai Binh (54km), capable of receiving vessels with a load capacity of up to 3,000 tons.
• Planned (2021-2030 with a vision to 2050): Ba Lat Port – Thai Binh (62km), capable of receiving vessels with a load capacity of up to 30,000 tons.
• Planned (2021-2030 with a vision to 2050): Nghia Hung Port – Nam Dinh, potentially capable of accommodating vessels with a load capacity of 300,000 tons.

3. Facilities and Amenities of the Tan Thinh Industrial Cluster.

• 15 plots ranging from 3,020m2 to 7,634m2, prioritizing orientations towards National Highway 21.
• 24 plots ranging from 9,440m2 to 16,000m2.
• Total workforce capacity: 3,000 employees.

• 35kV power source, 01 transformer station of 2x400kVA.
• Administrative and service facilities.
• Wastewater treatment plant with a capacity of 1,000m3/day-night and an emergency reservoir of 2,000m3.
• Water supply station with a capacity of 1,500m3/day-night.
• Greenery and water surfaces.

4. Attracted industries 

The Tan Thinh Industrial Cluster is located in Nam Dinh Province, attracting industries such as:

• Textile and garment supporting industries
• Manufacturing of plastic products
• Electronics and electrical engineering
• Production of fibers, textiles, footwear
• Mechanical engineering, fabrication, automation

5. Rental fee and cost 

• Land rental rate: 68 USD/m2
• nfrastructure management and maintenance fee: 0.4 USD/m2/year
• Electricity cost: Ranges from 0.05 USD/kWh – 0.13 USD/kWh depending on usage time
• Water supply cost: 0.4 USD/m3
• Wastewater treatment fee: 0.28 USD/m3
• Electricity, water, and internet expenses are based on government-regulated prices.

6. Investment incentives 

According to infrastructure investors, the decision to invest in the Tan Thinh Industrial Cluster is due to the favorable investment and business environment. The party committee, government authorities, and functional departments of the district, communes, and towns consistently support and create all necessary conditions for investors to implement their projects. They not only excel in promoting the potential and advantages of the industrial clusters, attracting investment, but also the Provincial People’s Committee of Nam Dinh province strongly directs administrative procedure reforms in the investment sector, promptly resolving difficulties for enterprises.

Regarding land rental incentives:
The unified land rental rate applies to both domestic and foreign enterprises with a lease term of up to 50 years.

• A tax rate of 17% applies for the initial 10 years.
• Tax exemption for 2 years and a 50% reduction for the following 4 years.
• Tax rates are 10% for 15 years, with a 4-year tax exemption and a 50% reduction for the subsequent 9 years, applicable to newly established enterprises from the following projects:

• When investing in the Tan Thinh Industrial Cluster, investors will receive support and guidance in completing procedures for project approval and obtaining business registration certificates from Nam Dinh province.
• Assistance for companies in obtaining construction permits for building factories.
• Advisory and construction services for workshops with a short timeframe and cost efficiency

• Advice on selecting the business structure.
• Legal consultation.
• Application for investment certificates.
• Company establishment permits.

• Supply of labor resources.
• Construction of workshops, warehouses.

For more information: https://vki.vn/en/product/industrial-park-en

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