Hung Yen province currently has approximately 4,300 hectares of land in industrial parks, with a large clean land area ready to welcome investment projects. Generally, the land leasing projects in the industrial parks of Hung Yen are newly planned and under construction, offering many advantages in terms of transportation infrastructure and up-to-date, modern technical infrastructure. As a result, in recent years, Hung Yen has consistently ranked in the Top 10 provinces attracting foreign direct investment (FDI), making it an ideal destination for both domestic and international corporations and businesses.
1. Hung Yen - Strategic Location in the Center of the Northern Key Economic Region
With its strategic location at the heart of the North Economic Region, Hung Yen is becoming an attractive destination for investors with land lease projects in industrial parks. Situated within the economic triangle of Hanoi - Hai Phong - Quang Ninh, industrial parks in Hung Yen have a distinct geographical advantage, offering convenient connections to large consumer markets and dynamic economic centers.
As part of the northern key economic region, Hung Yen is easily connected to developed provinces such as Bac Ninh, Hai Duong, Thai Binh, and especially Hanoi, opening up great opportunities for businesses looking to expand their operations.
Additionally, the province's transportation system is well-developed with highways and national roads such as Hanoi - Hai Phong expressway, National Route 5, National Route 38, and National Route 39, facilitating the transportation of goods and linking to other industrial parks. These routes not only boost economic exchanges but also help Hung Yen attract a young, high-quality workforce from neighboring provinces. As a result, businesses investing in Hung Yen always have an abundant and skilled labor force, ensuring quick operations and sustainable growth.
2. Hung Yen with Abundant Labor Resources Promotes the Growth of Industrial Parks
Hung Yen possesses a significant advantage in terms of its young, abundant, and high-quality workforce, making it a prime destination for businesses seeking land lease opportunities in industrial parks.
Located adjacent to five provinces—Hanoi, Bac Ninh, Ha Nam, Hai Duong, and Thai Binh—the province is well-positioned to attract a large workforce to meet the demands of various industries.
One of Hung Yen's notable strengths is that over 65% of its workforce has received training, with approximately 25% skilled labor. This ensures the quality and expertise of the labor force, particularly in technical industries, electronics, and high-tech sectors.
Additionally, labor costs in Hung Yen are quite competitive, ranging from 250 to 300 USD per month, which is lower than many other regions across the country. This provides a significant advantage for businesses looking to optimize production costs while maintaining high work quality.
3. The Infrastructure System in Industrial Parks in Hung Yen
The infrastructure system in industrial parks in Hung Yen is rapidly being developed to meet the demand for investment and promote the province's economic and social development. Hung Yen places particular emphasis on building and upgrading transportation infrastructure, creating convenient connections to major economic centers and key regions in the North. This makes Hung Yen an attractive destination for investors.
The province also prioritizes the development of large-scale industrial parks with synchronized and modern technical infrastructure. The transportation system connects industrial parks with national highways, expressways, and seaports, making the transportation of goods and market access swift and efficient.
Additionally, Hung Yen is heavily investing in essential infrastructure services such as electricity, water, waste treatment, telecommunications, and fire prevention systems, ensuring that industrial parks operate effectively and sustainably. These infrastructure projects not only meet the production needs of businesses but also create a favorable business environment, supporting the optimization of production processes and improving economic efficiency.
With these ongoing efforts, Hung Yen is building an attractive investment environment, helping businesses easily access supply chains and global value chains.
4. Tax Incentives when Renting Land in Industrial Parks in Hung Yen
The local government of Hung Yen province applies several special policies on taxes and land rental fees to attract businesses, including:
Additionally, the government supports shortening the licensing time and creating favorable conditions for businesses to start up and expand their production and business activities.
5. Diverse Industries In Hung Yen Industrial Parks for Rent
The land leasing market in industrial parks in Hung Yen is attracting strong investment from various industries, thanks to its strategic location and modern infrastructure. Key industries include: electronics and high technology, consumer goods, automobile and component manufacturing, machinery and mechanical engineering, chemicals and construction materials, logistics and warehousing, household appliance production, etc..
Hai Phong, with its strategic location advantage and well-developed infrastructure, is becoming one of the ideal destinations for businesses seeking rental factory spaces. The industrial zones in Hai Phong offer a variety of standard factory options, catering to the production needs of different industries. Some notable examples include:
Industrial park | Address | Scale | Cost |
Hong Tien Commune, Khoai Chau District & Xuan Truc Commune, An Thi District, Hung Yen Province | 143.08 ha | Price: $118 - $125 USD / m² Management fee: $0.58 USD/ m² | |
An Thi & Kim Dong District, Hung Yen Province | 193 ha | Price: $125 - $129 USD / m² Management fee: $0.7 USD/ m² | |
Trung Hoa Commune, Tan Lap, Yen My District, Hung Yen Province | 280 ha | Price: $130 - $134 USD / m² Management fee: $0.7 USD/ m² |
1. Land for Rent in Clean Industrial Park - VTK Hung Yen
The Clean Industrial Park in Hung Yen VTK is strategically located, positioned right on the East-West highway (Hanoi - Hai Phong) and adjacent to the North-South highway (Hung Yen - Thai Binh). This provides a well-connected transportation network, opening up gateways for seamless interaction between major markets in key economic regions.
The land lease project extends until 2071, with a total development area for infrastructure of 143.08 hectares. Of this, approximately 100 hectares are available for industrial land leasing.
The Clean Industrial Park - VTK in Hung Yen is expected to become a reliable business destination, aiming for sustainable green industrial development, bringing prosperity to future investors.
2. Land for Rent in Typical Industrial Park - No. 5 Industrial Park
The location of the land lease project in Industrial Park No. 5 - Hung Yen is as follows:
With this position, leasing land in Industrial Park No. 5 offers both strong internal connectivity with key industrial parks in Hung Yen and exceptional external access to major cities such as Hanoi, Hai Phong, Hai Duong, and Bac Ninh.
The land in Industrial Park No. 5 Hung Yen is scientifically planned, with zoning that fits its functional use and caters to a variety of industries. With a total area of 193 hectares, Industrial Park No. 5 consists of two sub-zones (Zone 1 with an area of 83.49 hectares & Zone 2 with an area of 109.15 hectares). Of these, 143 hectares are available for industrial land leasing, with the land use permit valid until 2071.
Choosing to lease land for investment in Industrial Park No. 5 presents a valuable opportunity for businesses to effectively leverage the strengths of Hung Yen Province.
3. What are the Advantages of Renting Land in Yen My Industrial Park?
The land lease area in Yen My Industrial Park offers quick connectivity to Hanoi and Hai Phong, as it is located at the junction of National Road 5A and the Hanoi - Hai Phong expressway, providing easy access to international seaports and airports.
The project covers a total area of 280 hectares, with 204 hectares designated for industrial use. Currently, Yen My Industrial Park is operating effectively, with an occupancy rate of over 50%. The land lease term for Yen My Industrial Park is 50 years, starting from May 30, 2018, until 2068.
Yen My Industrial Park is expected to be one of the key areas for industrial land leasing, attracting large-scale projects and contributing to the economic development of Hung Yen Province.
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RSQUARE : Your Expert Real Estate Advisor | |
| RSQUARE simplifies Vietnam’s commercial real estate journey with deep market insights, personalized search services, and end-to-end support, ensuring cost-effective and efficient solutions for offices, industrial spaces, and business facilities. | |
| E mail : support@rsquare.vn | Phone : +84-28-3636-9641(VN,EN), +84-2-6925-3928(KR) |
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