Minh Quan Industrial Park

Overall information about Minh Quan Industrial Park

- Location: Situated in Hoa Quan Hamlet, Minh Quan Commune, Tran Yen District, and part of Phuc Loc Commune, Yen Bai City.

- Position: Approximately 155 km north of Ha Noi, 185 km south of Lao Cai, adjacent to National Highway 32C, and 4 km from the Noi Bai – Lao Cai Expressway.

- Planned area: 112 hectares

- Investment attraction fields: A multi-sector industrial park, focusing on attracting investment projects in the following fields:

+ Building materials production: Manufacturing plywood, high-grade wood, premium construction materials, and construction stone.

+ Mineral processing: Processing CaCO₃ powder, Kaolin, Feldspar, etc.

+ Agricultural and forestry product processing: Processing animal feed, tea, paper, and pulp.

+ Consumer goods manufacturing: Thermoplastic paint production, garment processing, footwear, electronics assembly, automobiles, and motorcycles.

+ Chemical industry

Technical infrastructure

a) Power supply system: A 35kV power line currently runs through the industrial park. Depending on the actual electricity demand of investors, Yen Bai Power Company will promptly construct medium-voltage power lines to supply electricity to the self-use substations of factories within the industrial park.

b) Water supply system: The water supply for the industrial park is sourced from Dam Da Mai, located approximately 350 m from the water treatment facility. The water is treated, stored in a reservoir, and then pumped to supply the entire industrial park.

c) Transportation system: The main internal roads of the industrial park are under construction to ensure adequate transportation infrastructure for investors implementing projects within the park.

d) Capital source: Investment is funded by the state budget, generally meeting the needs of investors registering projects in the industrial parks.

Investment attraction situation

As of now, the Minh Quan Industrial Park has four registered investment projects with a total registered investment capital of 1.726 trillion VND and a registered land use area of 27.7 hectares, reaching a 43.3% occupancy rate. Currently, one project is operating stably, while some newly registered projects have completed basic construction and are in the process of finalizing investment procedures.

Minh Quan Industrial Park – Yen Bai is one of the key industrial zones attracting investment in Yen Bai province. It has a strategic location, situated near the Ha Noi – Lao Cai Expressway, which allows travel at speeds of 100 km/h, making transportation and logistics more convenient.

Additionally, Yen Bai is one of the mountainous provinces in Northern Viet Nam, characterized by vast forest areas, offering a competitive advantage for the development of wood processing, gypsum, mineral processing, and building materials industries.

Investors in Yen Bai’s industrial zones, such as Minh Quan Industrial Park, benefit from low land rental and infrastructure costs. Moreover, the firm ground condition reduces the cost of building factories, making investment more affordable.

Furthermore, investors enjoy various tax incentives, such as:

Corporate income tax exemption for 4 years and a 50% tax reduction for the next 9 years, or financial support for vocational training costs for companies employing local workers.

Minh Quan Industrial Park - Yen Bai is currently offering attractive investment policies to both domestic and foreign investors.

Please contact Kland for consultation!

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