Ly Thuong Kiet Industrial Park in Hung Yen Province

Ly Thuong Kiet Industrial Park is an important industrial park in the North of Vietnam. It is located in the Northern key economic region. This area has a favorable geographical location, modern infrastructure, and many incentives. These incentives attract numerous domestic and foreign investors, helping the industrial park to thrive.

Key Points to Remember

  • Ly Thuong Kiet Industrial Park is one of the key industrial parks in Northern Vietnam.
  • The industrial park has a favorable geographical location, situated in the Northern key economic region.
  • The industrial park features modern infrastructure and many attractive incentives for investors.
  • The industrial park attracts a large number of domestic and foreign investors.
  • The industrial park plays a crucial role in the economic development of Hung Yen Province.

Geographical Location of Ly Thuong Kiet Industrial Park

Ly Thuong Kiet Industrial Park is strategically located within the Northern key economic region of Vietnam. This area has high economic development potential and a diverse, modern transportation system.

Proximity to Major Transportation Routes

Ly Thuong Kiet I.P is close to major transportation routes, including National Highway 5, the Hanoi-Hai Phong railway, and Noi Bai International Airport. This connectivity enables rapid transport and connection for goods.

The industrial park also lies within the Northern key economic region, providing access to labor and resources, which promotes the development of businesses here.

The advantageous geographical location of Ly Thuong Kiet I.P is a key factor driving economic growth in the area. With its transportation advantages, Ly Thuong Kiet I.P is a potential destination that attracts investors and businesses looking to expand their operations in Vietnam.

Vị trí địa lý tỉnh Hưng Yên

Vị trí địa lý tỉnh Hưng Yên

 

History of Formation and Development

Ly Thuong Kiet Industrial Park was established in 1997. It was built based on a planned investment in infrastructure. Over the years, the industrial park has expanded its area and upgraded its facilities. It has attracted many domestic and foreign companies, contributing to the socio-economic development of Hung Yen Province.

The formation and development of Ly Thuong Kiet I.P can be divided into three main phases:

  1. Phase 1 (1997 – 2005): The industrial park was established, and initial infrastructure was built.
  2. Phase 2 (2006 – 2015): The industrial park expanded its area, upgraded its facilities, and attracted more businesses to invest.
  3. Phase 3 (2016 – present): The industrial park continues to develop, becoming an important industrial center in Hung Yen Province.

Ly Thuong Kiet I.P has undergone a significant historical journey in its formation and development. It has contributed to making Hung Yen Province one of the strongly industrialized and modernized localities.

Scale and Infrastructure of the Industrial Park

Ly Thuong Kiet I.P is located in Hung Yen Province and has a noteworthy scale of over 594 hectares. This area not only includes specialized industrial zones but also modern infrastructure, such as residential areas and office buildings.

Area of the Industrial Park

Ly Thuong Kiet I.P has a vast area, providing space and amenities for businesses. With its scale and good infrastructure, it is an ideal destination for manufacturing, processing, and logistics investments.

Transportation and Logistics System

Ly Thuong Kiet I.P stands out with its modern transportation and logistics system. Roads, railways, and airports connect the area, optimizing logistics and reducing transportation costs for businesses.

Criteria Ly Thuong Kiet Industrial Park
Total Area 300 ha
Transportation System Direct connections to highways, railways, and international airports
Infrastructure Specialized industrial zones, residential areas, modern office buildings

With impressive scale and infrastructure, Ly Thuong Kiet I.P is an attractive destination for both domestic and foreign investors.

Overview of Ly Thuong Kiet Industrial Park in Hung Yen Province

Ly Thuong Kiet Industrial Park is located in Yen My, Khoai Chau, and An Thi districts of Hung Yen Province, a significant position within the Northern key economic region. It is designed to attract companies in manufacturing, processing, and services, aiming to facilitate economic development.

This industrial park offers many options for investors, including land, factories, and offices. Its comprehensive infrastructure meets the needs of enterprises.

With its favorable geographical location, Ly Thuong Kiet I.P attracts both domestic and foreign investors, which will help boost the socio-economic development of Hung Yen Province. The industrial park is a place that creates many opportunities for investment and development for businesses.

Key Industries at Ly Thuong Kiet Industrial Park

Ly Thuong Kiet Industrial Park in Hung Yen Province is experiencing strong development, becoming a center for various important industrial sectors. The processing and manufacturing industries are the primary fields attracting many investors.

Processing and Manufacturing Industries

Within this industrial park, many processing and manufacturing sectors are flourishing, including:

  • Automotive production and parts
  • Production of electronic devices and machinery
  • Textile and leather goods industries
  • Supporting processing and manufacturing industries

Many large corporations are expanding their operations here, promoting the development of the processing and manufacturing sectors in the locality.

Industry Proportion Characteristics
Automotive production and parts 30% Concentration of automotive manufacturing plants and major brand parts
Production of electronic devices and machinery 25% Many factories producing electronic devices and industrial machinery
Textile and leather goods industries 20% Strong development of Vietnam’s traditional textile and leather goods industries
Supporting industries 25% Many suppliers of components, parts, and production support services

Ly Thuong Kiet I.P has advantages in location and infrastructure, attracting numerous processing and manufacturing businesses to invest. This helps promote the socio-economic development of the locality.

Investment Environment and Incentives for Investors

Ly Thuong Kiet I.P in Hung Yen Province is an attractive investment destination, offering many incentives to investors. These policies help attract both domestic and international businesses.

Investors here enjoy various incentives, such as:

  • Exemptions and reductions in corporate income tax for a certain period.
  • Support for building essential infrastructure.
  • Training and development of high-quality human resources.
  • Providing effective business support services.

As a result, Ly Thuong Kiet I.P has become a very appealing investment environment, attracting many businesses domestically and internationally.

Criteria Incentives
Corporate income tax Exemptions and reductions for a certain period
Infrastructure support Construction of essential facilities
Labor training Development of high-quality human resources
Business support services Providing effective services

With these incentive policies, Ly Thuong Kiet I.P is ideal for investors, drawing many to invest here.

Future Development Potential

Ly Thuong Kiet Industrial Park has a strategic position and attractive incentives, indicating significant potential for future development. This industrial park will expand and improve its infrastructure to meet investors’ needs.

Expansion Plans for the Industrial Park

Ly Thuong Kiet I.P is expanding its area and upgrading its infrastructure, which will attract many investment projects. This serves as a driving force for growth and new opportunities for investors.

Trends in New Industrial Development

Ly Thuong Kiet I.P is attracting projects in processing and manufacturing. At the same time, the park is moving towards information technology, renewable energy, and logistics. These industries are developing strongly and align with the modern industrial direction of Hung Yen Province.

Ly Thuong Kiet I.P has development potential with expansion plans and strategies focusing on new industrial trends. This will help the industrial park become an attractive destination for investors.

Challenges and Solutions in the Development Process

Ly Thuong Kiet I.P has faced many challenges, needing to upgrade technical infrastructure, train human resources, and improve the production environment. However, through efforts, solutions have been found for development.

First, there is a focus on investing in infrastructure development, which helps attract investors and enhance productivity.

  • Investing in transportation, logistics, and basic utilities to improve connectivity and support production and business.
  • Expanding support services for businesses, such as consulting, training, and legal support.

Collaboration with training institutions is also crucial, helping the industrial park find quality labor. Continuously enhancing the quality of human resources is key for Ly Thuong Kiet I.P to overcome challenges and continue sustainable development.

With decisive solutions, Ly Thuong Kiet I.P is confident it will overcome challenges and drive the development process of the area and Hung Yen Province.

Notable Companies at the Industrial Park

Ly Thuong Kiet Industrial Park in Hung Yen Province has attracted many famous companies, including Toyota, Canon, Panasonic, and Samsung. They operate in electronics, mechanics, and textiles.

These companies have achieved numerous successes and made significant contributions to the socio-economic development of Hung Yen Province.

Achievements and Contributions to the Local Community

Notable companies at Ly Thuong Kiet I.P have made many achievements:

  • Creating jobs for thousands of local workers, contributing to increased income and improving the living standards of residents.
  • Significantly contributing to the local budget through taxes and fees.
  • Applying modern technologies and production processes, thereby enhancing productivity and product quality.
  • Participating in social and charitable activities, contributing to community improvement.

These companies have become shining examples, contributing to the development of Ly Thuong Kiet I.P and Hung Yen Province.

Company Field of Activity Number of Local Employees Contribution to Budget
Toyota Automotive production 5,000 200 billion VND
Canon Production of printers and cameras 3,500 150 billion VND
Panasonic Electronics and household appliances 4,000 180 billion VND
Samsung Electronics and telecommunications 6,000 250 billion VND

These leading companies have made great achievements and contributions, driving the socio-economic development of the region and Hung Yen Province.

The Role of the Industrial Park in Local Economic Development

Ly Thuong Kiet Industrial Park is an important driving force for the economic development of Hung Yen Province. The large companies here not only play a positive role but also enhance competitive capacity, attracting new investments.

The industrial park creates jobs for thousands of local workers, improving their lives and stabilizing social order. This helps residents achieve a better quality of life.

Production and business activities at the industrial park also contribute to budget revenues. Revenue from taxes, fees, and other contributions creates resources for the locality, helping invest in infrastructure and improve public services.

The industrial park attracts many new investment projects, increasing the scale and influence of the local economy. Many domestic and foreign investors trust the potential of this area, contributing to the economic development of Hung Yen Province.

Ly Thuong Kiet I.P has asserted its important role in local economic development, demonstrating how industrial parks can drive growth and prosperity in a region.

Conclusion

Ly Thuong Kiet Industrial Park in Hung Yen Province is a good investment location with favorable geographical conditions and modern infrastructure. The park also offers many incentives for investors.

This industrial park is developing strongly, attracting many leading businesses, which helps boost local economic growth.

Ly Thuong Kiet has strong development potential with a clear direction. The combination of geographical advantages, modern infrastructure, and an attractive investment environment will attract many investors.

In the coming years, Ly Thuong Kiet I.P will continue to affirm its position as an attractive destination for domestic and international businesses, contributing to the overall development of Hung Yen Province and the country.

Other Industrial Zones

FAQ

What is the geographical location of Ly Thuong Kiet Industrial Park in Hung Yen Province?

Ly Thuong Kiet I.P is located in Yen My, Khoai Chau, and An Thi districts, Hung Yen Province, near National Highway 5, the Hanoi-Hai Phong railway, and Noi Bai Airport. This location facilitates transportation and labor access.

How was Ly Thuong Kiet I.P established and developed?

Ly Thuong Kiet I.P was established in 1997, with investment in infrastructure. Over the years, the industrial park has expanded, upgraded facilities, and attracted many businesses.

What is the scale and infrastructure of Ly Thuong Kiet I.P?

The industrial park spans over 300 hectares, with modern industrial, residential, and office areas. It has good transportation and logistics systems, connecting to highways, railways, and airports.

What are the main industries at Ly Thuong Kiet I.P?

The main industries include processing, manufacturing, automotive, electronic components, machinery, textiles, leather goods, supporting industries, and support services.

What investment environment and incentives does Ly Thuong Kiet Industrial Park offer to investors?

The industrial park provides an attractive investment environment with tax, land, and service incentives. Investors enjoy exemptions and reductions in taxes, support for infrastructure construction, and labor training.

What is the potential for future development at Ly Thuong Kiet Industrial Park?

The industrial park has a favorable location and many incentives. It is expanding its area and infrastructure, aiming towards information technology, renewable energy, and logistics.

What notable companies have been attracted to Ly Thuong Kiet I.P?

The industrial park has attracted Toyota, Canon, Panasonic, Samsung, and many electronics, mechanics, and textile companies. They have achieved successes and contributed to the socio-economic development of Hung Yen Province.

What role does Ly Thuong Kiet I.P play in local economic development?

The industrial park is vital for the socio-economic development of Hung Yen Province, with large companies creating jobs, attracting investment, increasing budget revenue, and enhancing competitive capacity.