Lien Ha Thai Industrial - Urban - Service Park (GREEN iP -1)

I. Overall information about Lien Ha Thai Industrial - Urban - Service Park (GREEN IP-1)

Lien Ha Thai Industrial Park (Green IP -1) in Thai Binh has the full name of Lien Ha Thai Industrial - Urban - Service (GREEN iP -1) Northern subdivision. It was approved for its investment policy under Decision No. 180/QĐ-TTg dated February 8, 2021 by the Prime Minister and was established under Decision No. 464/QĐ-UBND dated February 17, 2021 by Thai Binh provincial people’s committee.

Lien Ha Thai Industrial - Urban - Service Northern subdivision is planned to be located in the plan of Thai Binh economic zone in Thuy Lien commune and Diem Dien town, Thai Thuy district, Thai Binh with a total planned area of 807.88ha, including 588.84ha for the industrial park and 219.04ha for the urban area. As the first industrial park in Thai Binh economic zone, Lien Ha Thai Industrial Park is planned as a multi-sector, high-tech industrial park with minimal environmental impact. It focuses on developing key industries such as electricity, electronics, information technology; mechanical assembly, consumer goods production; food and beverage production…

II. Advantages of Lien Ha Thai Industrial Park

1. Convenient traffic connection

Located in Diem Dien town, Thai Thuy district, Green iP-1 Industrial Park has a highly convenient location for traffic and regional connection.

+ 40 km from Lach Huyen International Port

+ 35 km from Cat Bi International Port

+ 36 km from Hai Phong City Center

+ 30 km from Thai Binh City Center

+ 130 km from Ha Noi City Center

Regarding traffic: Lien Ha Thai Industrial Park is adjacent to the coastal highway, coastal road and provincial roads 456, National Highway 37, National Highway 39, etc.

2. Enjoy tax incentives in the Economic Zone

Because it is included in the Thai Binh Economic Zone Plan, Green iP-1 Industrial Park enjoys full tax incentives. Specifically, investment projects in Lien Ha Thai Industrial Park will enjoy incentives:

Preferential corporate income tax rate: 10% within 15 years (normal tax rate is 20%).

In which: 100% tax exemption for the first 4 years, 50% tax reduction for the next 9 years.

The incentive period starts from the time the enterprise has taxable income or from the fourth year of operation (whichever comes first).

This is considered to be the highest tax incentive that an enterprise can enjoy.

3. Abundant and stable workforce with low labor costs

Thai Binh is the 11th most populous province in Viet Nam and ranks 4th in population among the northern provinces, with a total of 1.942 million people. This provides Thai Binh in general, and Lien Ha Thai Industrial Park in particular, with a large and abundant labor force. Moreover, due to its agricultural tradition and socio-economic challenges, the average income per capita remains low. Thai Binh is classified as a Region IV area, where the minimum regional wage is set at the lowest level. As of 2021, the minimum wage for the area where Lien Ha Thai Industrial Park is located is approximately 3,070,000 VND/person/month (equivalent to 133.5 USD/person/month, excluding allowances and insurance). The average wage, including allowances, in this area is around 200 USD/person/month.

4. Social infrastructure service system

With the goal of building a complete and prosperous industrial - urban - service area, Lien Ha Thai Industrial Park is planned to include functional subdivisions in addition to the industrial production land area, such as housing subdivisions for experts and housing for workers to solve the problem of stable accommodation for experts and workers, serving well the production activities of factories operating in the Industrial Park. On the other hand, with its location in the center of the bustling town of Diem Dien, close to cultural and political centers, it will help entertainment, recreation and consumption activities have the opportunity to develop.

III. Infrastructure of Lien Ha Thai Industrial Park (GREEN IP-1)

Infrastructure at Green iP -1 is planned to be built synchronously, well meeting the needs of investors, specifically:

Power supply system: The power supply for manufacturing within the site is ensured by the two 110KV/22KV - 6MVA substations. The 22KV line will be directly connected to the factory fence of investors operating in the Industrial Park.

Water supply system: Lien Ha Thai Industrial Park is projected to build a water treatment plant with a capacity of 25,000 m3/day and night, well meeting the demand of water for production for factories operating within the site.

Wastewater treatment system: Wastewater from factories within the Industrial Park will be treated by a centralized wastewater station with a capacity of 15,000 m3/day and night.

The internal road system and green trees are invested synchronously and meticulously.

(Images of Lien Ha Thai industrial park's infrastructure)

IV. Infrastructure leasing costs and other costs at GREEN IP -1

Infrastructure usage fee: 98 USD/m2/until 2071 (fee does not include VAT).

Annual land leasing fee: Investors leasing land in Lien Ha Thai Industrial Park will be exempted from annual land use fees for 15 years from the date of land lease. After the exemption period expires, the annual land rental fee will be applied according to the regulations of the Provincial People"s Committee at that time.

Management fee: 10,000 VND/m2/year (equivalent to 0.434 USD/m2/year).

Water supply fee: 12,000 VND/m3 (equivalent to 0.52 USD/m3).

Wastewater treatment fee: 10,000 VND/m3 (equivalent to 0.434 USD/m3). Wastewater is calculated as 80% of clean water used.

Electricity price: Applied according to EVN"s electricity price list. Specifically for reference: from 1,007 VND - 2,871 VND/KWh.

*Note: The above prices and fees do not include VAT and may change at the time of rental.

V. Status quo of investing infrastructure and attracting investment of Lien Ha Thai Industrial Park

Currently, Lien Ha Thai Industrial Park has completed the construction of many technical infrastructure components and has achieved a 40% occupancy rate with several major investment projects such as he Lotes Thai Thuy Vietnam Factory Investment Project of LOTES Vietnam Co., Ltd. with the goal of producing ram connectors, connection cables for computers and electronic devices, connectors with the goal of supplying corporations such as Intel, Samsung, Sony... with a total registered investment capital of 120 million USD; Greenworks Thai Binh Vietnam Factory Project of Greenwork Co., Ltd. with a total registered investment capital of 200 million USD with the goal of producing gardening equipment; The project of building a 42-hectare factory for lease with a total investment capital of more than 100 million USD of Nam Tai Group; The project of manufacturing, processing, assembling computers and peripherals of COMPAL Company with an investment capital of 260 million USD and a series of other large projects....

(Images of typical projects operating in Lien Ha Thai Industrial Park)

Despite being a new industrial park, the site has attracted major projects in the province in particular and in the entire country in general. This is also the evidence of highly-regarded advantages in the eyes of investors of Green iP -1. This promising trend is expected to continue, creating further opportunities for investment attraction in the near future.

For all land leasing inquiries at Liên Hà Thái Industrial Park, please contact KLAND using the contact information below!

VIEW MORE FULL INFORMATION DETAIL