Hai Long Industrial Park was approved for investment under Decision No. 1370/QD-TTg, issued by the Prime Minister on November 9, 2022. This is the second industrial park (after Lien Ha Thai Industrial Park) to be established and granted investment approval by the Prime Minister within the Thai Binh Economic Zone.

I. Overview of Hai Long Industrial Park

Hai Long Industrial Park covers 296.97 hectares with a total investment capital of  VND 2,213 billion and is a key project within the Thai Binh Economic Zone. The project aims to attract investment and serve as a driving force for the socio-economic development of the province. The implementation timeline is not to exceed 36 months from the date of land handover by the State.

Key information about Hai Long Industrial Park:

• Name: Hai Long Industrial Park
• Location: Dong Tra, Dong Long, and Dong Xuyen Communes, Tien Hai District, Thai Binh Province
• Total area: 296.97 hectares
• Operation period: 50 years (2022–2072)
• Occupancy rate: 10%
• Prioritized industries: Electronics and high-tech industries, manufacturing and assembly industries, supporting industries, food processing and consumer goods, logistics and warehousing services, advanced building materials
• Labor force: Tien Hai District boasts over 60,000 skilled workers, with an additional 1,000 new workers entering the workforce annually. Thai Binh Province is home to two universities, four post-secondary schools, and 26 vocational colleges, providing a strong foundation for workforce training and development.

II. Location of Hai Long Industrial Park

Hai Long Industrial Park is situated within the Thai Binh Economic Zone, one of Vietnam’s key coastal economic zones, and is planned to have five industrial parks by 2025. The project enjoys a prime location along the coastal national expressway, which links Thanh Hoa, Ninh Binh, Nam Dinh, Thai Binh, Hai Phong, and Quang Ninh provinces. This strategic location enables seamless connectivity to northern provinces and major electronics corporations via expressways and national highways.

The industrial park is planned alongside the Tra Ly River and is intersected by the coastal road, DT.464, and DT.221D roads. This integrated road and waterway network enhances transport efficiency, ensuring fast and convenient logistics to support investment, production, and business activities within the industrial park.

Distance to key areas:

• To Thai Binh City: 25 km
• To Nam Dinh City: 50 km
• To Hanoi (capital): 130 km
• To Cat Bi Airport: 33 km
• To Noi Bai International Airport: 140 km
• To Phong Port: 40 km
• To Lang Son Border Gate: 285 km

III. Infrastructure in Hai Long Industrial Park

Hai Long Industrial Park is designed with integrated technical infrastructure that meets international standards within the Thai Binh Economic Zone. The park aims to create a favorable climate for investors’ production and business activities while adhering to green and sustainable development principles.

• Power supply system: Total capacity of 162 MVA, ensuring stable and uninterrupted electricity supply.
• Clean water supply system: Total capacity of 50,000 m³/day and night.
• Wastewater treatment system: Processing capacity of 30,000 m³/day and night.
• Telecommunications system: Modern and fully integrated communication infrastructure.
• Service infrastructure: 10.9 hectares of social housing, a fire rescue center, and more.

After more than a year since its groundbreaking, Hai Long Industrial Park has begun to shape its Phase I infrastructure (30.6 hectares) with green spaces, road systems, and most recently, the construction of its administrative building. Following the completion of Phase I, the park is preparing to acquire an additional 100 hectares for Phase II development.

IV. Investment costs in Hai Long Industrial Park

Investment costs in Hai Long Industrial Park will be soon updated by Rent Factory Vn!

V. Investment Incentives in Hai Long Industrial Park 

Located within the Thai Binh Economic Zone, Hai Long Industrial Park enjoys the most favorable incentive policies offered according to the government’s regulations. Businesses in Hai Long Industrial Park are entitled to the following investment incentives:

Corporate Income Tax (CIT): 10% for the first 15 years; 100% CIT exemption for the first 4 years, followed by a 50% reduction for the next 9 years.

Value-Added Tax (VAT): 0% VAT for export-oriented enterprises.

Import Tax Exemption: Import tax exemption for goods used in fixed asset production; a 5-year import tax exemption for raw materials, supplies, and parts not manufactured in Vietnam.

Land Tax: Land tax waived for 15 years.

Developer’s support for investors:

• Legal consultation: Assistance with investment procedures.
• Investment and business connections: Support in networking and partnerships.
• Labor recruitment: Help in hiring skilled workers.
• Factory construction consultation: Guidance for setting up production facilities.

Source: Redsunland