Hung Yen Industrial Park No. 5 was approved for investment policy under Decision No. 1411/QD-TTg dated August 18, 2021, issued by the Prime Minister of Vietnam. Hung Yen Industrial Park No. 5 is located within the Ly Thuong Kiet Industrial – Service – Urban complex, a comprehensive economic zone serving as a multi-sector, multi-industry economic hub to support the socio-economic development of Hung Yen Province.

I. Overview of Hung Yen Industrial Park No. 5

Hung Yen Industrial Park No. 5 covers a total area of 192.64 hectares with a total investment capital of approximately VND 2,385 billion. The project focuses on attracting industries with high technological content, high added value, and environmental friendliness, such as semiconductor manufacturing, electronics, medical equipment, automobile and motorcycle components, and high-tech mechanical engineering industries. The development orientation of these industries not only helps minimize environmental pollution but also contributes to local economic growth and long-term sustainability for enterprises operating in the industrial park.

Notably, in its investment attraction strategy, the project developer aims to develop Hung Yen Industrial Park No. 5 into a “Taiwan High-Tech Industrial Park”, targeting the upcoming wave of investment relocation from Taiwanese enterprises.

Below is an overview of Hung Yen Industrial Park No. 5 provided by RSL Group:

Hung Yen Industrial Park No. 5 is divided into two sub-zones. The first sub-zone, covering 109 hectares, has completed its technical infrastructure. Infrastructure construction began in August 2022, with official groundbreaking in February 2023.

II. Location of Hung Yen Industrial Park No. 5

Hung Yen Industrial Park No. 5 is strategically located with two frontages adjacent to the road connecting the Hanoi – Hai Phong Expressway and the Phap Van – Cau Gie Expressway, New National Highway 38, and DH62 district road. The park is only 4 km from Yen My Interchange, providing excellent regional connectivity. In addition, the project is close to key transportation routes such as National Highway 5A, National Highway 39A, and the Hanoi – Hai Phong railway, facilitating efficient cargo transportation and significantly reducing logistics costs for manufacturers operating in Hung Yen Industrial Park No. 5.

• National Highway 38 runs from Cong Tranh to Yen Lenh bridge in Hung Yen city.
• National Highway 39 connects Pho Noi to Trieu Duong bridge, linking Hung Yen with neighboring provinces.

Transportation connectivity

• Distance to Yen My Interchange: 4 km
• Distance to Hanoi City Center: 40 km
• Distance to Noi Bai International Airport: 55 km
• Distance to Hai Phong Port: 85 km
• Distance to Quang Ninh Deep-Sea Port: 120 km

III. Infrastructure of Hung Yen Industrial Park No. 5

One of the greatest advantages of Hung Yen Industrial Park No. 5 is its synchronous and modern infrastructure system. Essential services such as power supply, water supply, drainage, wastewater treatment, and public utilities are fully developed and meet international standards. The industrial park is designed to accommodate all types of industries, from heavy industry, food processing, and light industry to specialized sectors such as oil and gas, renewable energy, and advanced materials.

Technical infrastructure of Hung Yen Industrial Park No.5 

• Internal Road System: Flat terrain enables efficient planning. Main roads range from 32m to 42m wide, with modern design and well-maintained green landscapes.
• Power Supply: Supplied from the national grid via a 110/22kV substation with a capacity of 4 × 63 MVA. Power is connected directly to each land plot boundary, ready for immediate use. Enterprises may invest in their own substations based on consumption demand.
• Clean Water Supply: Provided by Ngoc Tuan – Nagaoka Water Plant, Phase 1 capacity of 15,000 m³/day, fully meeting the water demand of all enterprises in the industrial park.
• Wastewater Treatment System: A centralized wastewater treatment system consisting of two plants with a total capacity of 7,500 m³/day (Zone 1: 3,200 m³/day; Zone 2: 4,300 m³/day). Wastewater collection pipelines are 100% underground using HDPE pipes. All industrial and domestic wastewater must be treated to at least Grade B standards (QCVN 40:2011/BTNMT) before discharge into the common wastewater system.
• Fire Prevention and Fighting System: 100% underground fire hydrant system throughout the industrial park with water pressure of 5–7 bar.

Social infrastructure and services

• Security system: 24/7 monitoring with professionally trained security staff and regular maintenance.
• Customs services: Customs procedures are handled at Hung Yen Provincial Customs Office (20 km away). Sealing and inspection procedures can be conducted directly at factories within the industrial park for fast and convenient support.
• Worker housing: Worker dormitories and expert housing areas (approximately 12 hectares) are developed adjacent to Hung Yen Industrial Park No. 5.
• Banking services: Major banks such as VietinBank, Vietcombank, Sacombank, Agribank, BIDV, DongA Bank, and Techcombank are located near the industrial park. The developer plans to invite banks to open on-site transaction offices to better serve enterprises.

IV. Investment costs in Hung Yen Industrial Park No. 5

• Infrastructure maintenance fee: USD 0.7/m²/year – paid annually.
• Electricity tariff: Applied in accordance with the regulations of utility providers at the time of consumption.
• Water supply fee: Applied in accordance with the regulations of utility providers at the time of consumption.
• Wastewater treatment fee: Applied in accordance with the regulations of utility providers at the time of consumption.
• Telephone, Internet, and other service fees: Applied in accordance with the regulations of service providers at the time of use.

V. Investment incentives of Hung Yen Industrial Park No.5

Enterprises operating in Hung Yen Industrial Park No. 5 are entitled to the following investment incentives:

• Corporate Income Tax (CIT): Preferential tax rate of 20%, with 2 years of tax exemption and a 50% tax reduction for the subsequent 4 years, applied to income generated from newly invested projects starting from the first year of taxable income.
• Import Duty: Investment projects in the industrial park are exempt from import duties on goods imported to form fixed assets in accordance with the Law on Export and Import Duties.
• Profit Remittance Tax: Fully exempt from tax on profit remittance abroad.
• Value Added Tax (VAT): VAT exemption applies to exported goods in accordance with current regulations.

In addition, the project developer provides comprehensive support to enterprises with pre- and post-investment licensing procedures, including business registration, investment registration certificate (IRC) application, and post-licensing administrative procedures.

VI. Investors in Hung Yen Industrial Park No.5

By the end of 2025, Hung Yen Industrial Park No. 5 had attracted nearly 20 investment projects, the majority of which are Taiwanese enterprises. Notable high-tech projects include Wieson Technologies Vietnam Factory and Arizon Technology Vietnam Factory. Notably, Hung Yen Industrial Park No. 5 has successfully attracted large-scale investments from Seojin System and Texon Co., Ltd. (South Korea), with a total investment capital of USD 500 million, focusing on the manufacturing of semiconductor components and equipment.

Below is a selection of prominent companies currently operating in Hung Yen Industrial Park No. 5, reflecting the park’s strong appeal to high-tech and foreign direct investment (FDI) enterprises:

This article highlights Hung Yen Industrial Park No. 5 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.

V. 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 Dong Van VI 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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