Hung Yen Clean Industrial Park, Hung Yen province

Hung Yen Clean Industrial Park (also known as VTK Hung Yen Industrial Park) was added to Vietnam’s industrial park development master plan under Official Document No. 800/TTg-CN dated June 29, 2020, and was approved for investment policy under Decision No. 1070/QĐ-TTg dated July 6, 2021 by the Prime Minister of Vietnam.

Just one month after the investment policy approval, on August 6, 2021, the Management Board of Industrial Parks of Hung Yen Province granted the Investment Registration Certificate to the project investor, making it one of the projects with the fastest investment licensing procedures in the province. This demonstrates the strong efforts of both the enterprise and local authorities to quickly implement the project and bring practical efficiency to the overall economic development picture.

The Hung Yen Clean Industrial Park was later approved for adjustment of the detailed 1/500 construction master plan under Decision No. 832/QĐ-UBND dated April 11, 2025 by the Hung Yen Provincial People’s Committee. This is also a model industrial park developed based on economic cooperation between the Governments of Vietnam and South Korea.

I. Overview of Hung Yen Clean Industrial Park

With a total investment capital of VND 1,788.59 billion (equivalent to USD 76.912 million), Hung Yen Clean Industrial Park covers an area of 143.08 hectares, of which 100 hectares are industrial land. This project follows the model of a “Korean Clean Industrial Complex”, providing one-stop services such as administrative, financial, and tax support for enterprises from the stage of land leasing to their first official operation in Vietnam.

Below is an introduction to Hung Yen Clean Industrial Park by RSL Group:

On November 25, 2022, the groundbreaking ceremony of the Hung Yen Clean Industrial Park project was held. Upon completion and full operation of enterprises, the total foreign direct investment (FDI) into the project is expected to reach USD 400 million, with an annual output value of USD 1.6 billion, creating approximately 10,000 direct jobs and playing an important role as a “launching pad” for promoting Vietnam – Korea trade and investment.

II. Location of Hung Yen Clean Industrial Park

VTK Hung Yen Clean Industrial Park is located adjacent to the connecting road between the Hanoi – Hai Phong Expressway and the Cau Gie – Ninh Binh Expressway. This connecting road section passing through Hung Yen Province is 20 km long, with a total investment of VND 1,400 billion and up to 14 lanes, making it one of the widest roads in Vietnam, even wider than many expressways. In the future, Ring Road 4, connecting Hanoi, Hung Yen and Bac Ninh, with 6 lanes and a total length of 112.81 km, is expected to be opened to traffic in 2027.

Boundaries

• Northeast: Adjacent to district road DH.41
• Southeast: Adjacent to agricultural land (planned Hung Yen Industrial Park No. 5)
• Northwest: Adjacent to provincial road DT.384, a petrol station and rest stop project
• Southwest: Adjacent to the connecting road between the Hanoi – Hai Phong and Cau Gie – Ninh Binh expressways

Transportation connectivity

• Distance to the interchange of Hanoi – Hai Phong Expressway: about 2 km
• Distance to Hanoi city center: 41 km (approx. 30 minutes’ drive)
• Distance to Noi Bai International Airport: 59 km (approx. 45 minutes’ drive)
• Distance to Hai Phong Port: 75 km (approx. 1 hour’s drive)
• Distance to Cat Bi Airport: 90 km (approx. 1 hour 10 minutes’ drive)
• Distance to Quang Ninh deep-water port: 120 km
• Distance to Huu Nghi Border Gate: 200 km (approx. 3 hours 5 minutes’ drive)

Connectivity to major manufacturing plants in the area

• Distance to LG Electronics Hai Phong Factory: 68 km (approx. 50 minutes’ drive)
• Distance to Samsung Electronics Bac Ninh Factory: 58 km (approx. 55 minutes’ drive)
• Distance to Hyundai Ninh Binh (Thanh Cong) Factory: 70 km (approx. 1 hour 15 minutes’ drive)

III. Infrastructure of Hung Yen Clean Industrial Park

• Internal road system: Fully developed and synchronized.
• Power supply system: Substation with a capacity of 105 MVA, integrated with renewable energy.
• Clean water supply system: Capacity of 7,300 m³/day.
• Wastewater treatment system: Centralized wastewater treatment plant in operation with a capacity of 2,050 m³/day.
• Telecommunication system: 720 lines, equipped with IDD services, dedicated leased lines and fiber optic cables.

IV. Investment costs in Hung Yen Clean Industrial Park

• Infrastructure management and maintenance fee: 0.5 USD/m²/year
• Electricity price: Depending on the voltage level and time-of-use tariff (Please refer to the website of EVN Vietnam for detailed information).
• Clean water price: 13,000 VND/m³ (excluding VAT)
• Wastewater treatment fee: 14,600 VND/m³ (excluding VAT)

V. Investment incentives in Hung Yen Clean Industrial Park

Enterprises operating in Hung Yen Clean Industrial Park are entitled to the following investment incentives:

Corporate Income Tax (CIT) Incentives: 

• A preferential tax rate of 5% for 37 years, including 6 years of tax exemption and a 50% reduction of payable tax for the subsequent 13 years for income generated from projects eligible for special investment incentives and support in accordance with regulations.
• A 10% corporate income tax rate for 15 years, including 4 years of tax exemption and a 50% reduction of payable tax for the subsequent 9 years for income from newly established investment projects in specially encouraged sectors under corporate tax regulations.
• A 17% corporate income tax rate, including 2 years of tax exemption and a 50% reduction of tax for the next 4 years for income from new investment projects in sectors such as: high-grade steel manufacturing, energy-saving products, machinery and equipment for agriculture, forestry, fisheries and salt production, irrigation equipment manufacturing, and animal, poultry and aquaculture feed production and processing. Enterprises implementing new investment projects within the industrial park are granted 2 years of corporate income tax exemption and a 50% tax reduction for the following 4 years.
• Enterprises that expand their production scale, increase capacity or renovate technologies, and meet the legal criteria for expanded investment, are entitled to corporate income tax incentives on the additional income generated from the expansion, equivalent to the exemption and reduction periods applied to new investment projects in the same preferential sectors and locations.

Import Tax Incentives

• Investment projects in the industrial park are exempted from import tax on imported goods used for the creation of fixed assets, in accordance with the Law on Export and Import Duties.

VI. Investors in Hung Yen Clean Industrial Park

As of October 2025, Hung Yen Clean Industrial Park has leased 29 out of 53 land lots. Among them, 22 enterprises are from South Korea, mainly operating in electronic components and high-tech manufacturing, achieving an occupancy rate of nearly 50%.

Below are some enterprises currently operating in Hung Yen Clean Industrial Park:

This article highlights Hung Yen Clean 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 Thai Ha 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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