Phuc Yen Industrial Park

I. LEGAL INFORMATION AND LOCATION OF PHUC YEN INDUSTRIAL PARK

Phuc Yen Industrial Park was approved by the Prime Minister to be added into the plan of industrial parks in Vinh Phuc under Official Dispatch No. 1581/TTg-KTN dated September 03, 2009 with a projected planned area of 150 hectares.

On August 04, 2010, the project was granted Investment Certificate No. 19221000068 by the Vinh Phuc Industrial Parks Management Board, with Phuc Ha Infrastructure Investment and Development Joint Stock Company as the investor. On December 22, 2014, Phuc Yen Industrial Park had its planned area reduced to 135 hectares according to Official Dispatch No. 2628/TTg-KTN issued by the Prime Minister. Since being assigned as the investor for the development of Phuc Yen Industrial Park, Phuc Ha Company had repeatedly delayed investment progress compared to the approved schedule. As a result, on February 22, 2016, the Vinh Phuc Industrial Parks Management Board revoked the Investment Certificate previously issued to Phuc Ha Company under Decision No. 152/QD-BQLKCN, and since then, the project has remained without an investor.

On January 24, 2022, the investment project for the construction and operation of infrastructure of Phuc Yen Industrial Park was approved by the Prime Minister under Decision No. 124/QD-TTg. According to the decision, the project covers an area of 111.3376 hectares, located in Phuc Thang Ward and Nam Vien Ward, Phuc Yen City, Vinh Phuc, with its operational duration depending on the urbanization rate of Phuc Yen city. At the same time, Vinh Phuc provincial People’s Committee was assigned the responsibility of selecting the investor in accordance with the law.

On March 06, 2024, the Vinh Phuc provincial People’s Committee granted the Investment Registration Certificate for the Phuc Yen Industrial Park Project to a joint venture between SHINEC Joint Stock Company and Vinh Phuc International Industrial Park and Services Joint Stock Company, with a total investment capital of nearly VND 2,000 billion. The project has an operating term of 50 years (2024–2074) and is expected to complete infrastructure construction by Q2/2027.

In terms of nature, Phuc Yen is a concentrated industrial park invested with a modern and synchronized technical infrastructure system, aiming to attract investment projects in the fields of mechanical manufacturing, precision engineering, medical equipment, and electrical devices, with modern technology and low environmental impact.

In terms of regional linkage, Phuc Yen Industrial Park is located adjacent to National Highway 2A and the Hanoi – Lao Cai Expressway, offering extremely convenient transportation links as it:

- 9.5 km from Noi Bai International Airport

- 35 km from Ha Noi city center

- 6 km from Phuc Yen city center

II. STATUS QUO OF ATTRACTING INVESTMENT AT PHUC YEN INDUSTRIAL PARK

Currently, Phuc Yen Industrial Park has only attracted two investment projects, respectively in 2014 and 2018, by TCC Joint Stock Company (ceramic tile production) and Cuu Long Packaging Engineering Company (packaging production), with a total investment capital of approximately VND 1,300 billion over a land area of about 17.3 hectares (occupying 17% of the industrial park’s land area).

With the investment project having been approved by the Prime Minister, Phuc Yen Industrial Park is expected to soon find a new infrastructure investor to replace the previous one after the project was revoked. This will contribute to transforming the industrial park and allow it to fully leverage its prime location.

(Image of the project in operation at Phuc Yen Industrial Park)

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