Hai Long Industrial Park, Thai Binh province

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

I. Overview of Hai Long Industrial Park

With a total investment capital of VND 2,213 billion, Hai Long Industrial Park covers an area of 296.97 hectares, with an implementation schedule of no more than 36 months from the date of land handover by the State. Hai Long Industrial Park is a key project within the Thai Binh Economic Zone, playing a crucial role in attracting investment and serving as a major driving force for the socio-economic development of Thai Binh Province.

Below is a general overview of Hai Long Industrial Park provided by RSL Group:

• Project name: Hai Long Industrial Park
• Location: Dong Tra, Dong Long, and Dong Xuyen communes, Tien Hai district, Thai Binh province
• Total area: 296.97 ha
• Operation term: 50 years (2022 – 2072)
• Occupancy rate: 10%
• Target industries: Electronics manufacturing and high-tech industries; manufacturing and assembly industries; supporting industries; food processing and consumer goods; logistics and warehousing services; high-end construction materials industries.
• Labor resources: Tien Hai district has over 60,000 skilled workers, with more than 1,000 new workers added annually. Thai Binh province has 2 universities, 4 post-secondary institutions, and 26 vocational colleges, ensuring a stable labor supply for investors.

II. Location of Hai Long Industrial Park

Hai Long Industrial Park is located within the Thai Binh Economic Zone, one of Vietnam’s key coastal economic zones comprising five industrial parks. The project enjoys a strategic location along the national coastal expressway, connecting Thanh Hoa – Ninh Binh – Nam Dinh – Thai Binh – Hai Phong – Quang Ninh, providing convenient access to Northern provinces and major electronics manufacturing hubs.

Hai Long Industrial Park is planned along the Tra Ly river, benefiting from both road and inland waterway transportation. The industrial park is connected via the coastal road, DT.464, and DT.221D, forming a comprehensive transportation network that facilitates fast and efficient logistics for production and business activities.

Regional connectivity distances

• 25 km to Thai Binh city
• 50 km to Nam Dinh city
• 130 km to Hanoi Capital City
• 33 km to Cat Bi International Airport
• 140 km to Noi Bai International Airport
• 40 km to Hai Phong port
• 285 km to Lang Son border gate

III. Infrastructure of Hai Long Industrial Park

Hai Long Industrial Park is master-planned with the goal of developing synchronized technical infrastructure meeting international standards within the Thai Binh Economic Zone, while creating a green, sustainable, and efficient working environment for investors and the local community.

• Power supply system: total capacity of 162 MVA, ensuring stable and uninterrupted power supply.
• Clean water supply system: total capacity of 50,000 m³/day-night.
• Wastewater treatment system: treatment capacity of 30,000 m³/day-night.
• Telecommunications system: modern and synchronized communication infrastructure.
• Service infrastructure: social housing area of 10.9 ha, fire-fighting center, and supporting facilities.

On February 15, 2023, the investor held the groundbreaking ceremony for Hai Long Industrial Park within the Thai Binh Economic Zone. After more than one year of construction, the project has gradually completed Phase I infrastructure (30.6 ha), including green landscaping, internal roads, and recently commenced construction of the industrial park administration building. Following the completion of Phase I, Hai Long Industrial Park is preparing to receive an additional 100 hectares of land for Phase II development.

IV. Investment costs in Hai Long Industrial Park

Investment costs in Hai Long Industrial Park will be updated by RSL Group in the near future.

V. Investment incentives of Hai Long Industrial Park

Located within the Thai Binh Economic Zone, Hai Long Industrial Park enjoys the most favorable investment incentive policies applicable to economic zones in Vietnam. Accordingly, enterprises operating in Hai Long Industrial Park are entitled to the following incentives:

• Corporate Income Tax (CIT): preferential tax rate of 10% for the first 15 years;
  100% tax exemption for the first 4 years, followed by a 50% tax reduction for the next 9 years.
• Value Added Tax (VAT): 0% VAT applicable to export-processing enterprises.
• Import Duty: exemption from import duties on goods imported to form fixed assets. Import duty exemption for 5 years on raw materials, supplies, and components not domestically produced, land rental fee: exemption from land rental fees for 15 years.

In addition, enterprises in Hai Long Industrial Park receive comprehensive support from the developer, including:

• Legal consulting on investment procedures
• Investment and business connection support
• Labor recruitment assistance
• Factory construction consulting services

This article highlights Hai Long Industrial Park as a prime investment location for both domestic and international businesses. We believe this information from RSL Group is valuable to our readers.

Discover more about potential IPs/ICs in Vietnam here.

VI. RSL Group – leading investment consulting firm

When a business enters the stage of expanding production or building a new factory, there are numerous factors to consider – from selecting the right location, evaluating technical infrastructure, rental costs, and legal procedures to managing logistics, workforce, and supply chain efficiency.
Partnering with a professional consulting firm from the very beginning helps investors save time, costs, and resources while minimizing potential risks.
With nearly 4 years of experience successfully facilitating over 300 DDI and FDI projects totaling more than USD 4 billion in investment capital, Redsunland (a member of RSL Group) has become one of the leading investment consulting firms in Vietnam’s industrial real estate sector.
Thanks to its comprehensive service ecosystem and team of highly experienced consultants, investors partnering with RSL Group benefit from exceptional advantages:

• Access the most competitive prices in the market, along with attractive investment incentive policies.

• Negotiate directly with industrial park developers on behalf of investors regarding pricing, procedures, and all investment-related matters, while assisting in resolving legal issues and supporting factory design and construction.

• Offer financial solutions with funding packages covering up to 80% of land and machinery value and 100% of factory and working capital costs.

Contact RSL Group today for detailed consultation on investment opportunities at Chau Giang II Industrial Park.

RSL Group – Comprehensive investment promotion solutions

Selecting the appropriate consulting partner is crucial for a successful investment in Vietnam. RSL Group, with an experienced team, extensive property portfolio, and comprehensive service ecosystem, is dedicated to providing optimal investment solutions for our clients.

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RSL Group Company Limited

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