Yen Phong 1 Industrial Park in Bac Ninh Province

Yen Phong 1 Industrial Park is an important industrial zone in Bac Ninh Province. It has a favorable geographical location, modern infrastructure, and many incentives. Yen Phong 1 Industrial Park has attracted many domestic and foreign businesses. The industrial parks in Bac Ninh Province are a bright spot in attracting investment. It has many advantages in terms of location, infrastructure, and preferential policies. Yen Phong 1 I.P is a reliable destination for businesses.

Key Highlights of Yen Phong 1 Industrial Park

Favorable geographical location, close to important transportation routes

Modern infrastructure, well meeting production and business needs

Many incentives regarding land, taxes, and business support policies

Professional and dynamic investment and working environment

Great potential for development, contributing significantly to Bac Ninh’s economy

Geographical Location of Yen Phong 1 Industrial Park

Yen Phong 1 Industrial Park is located in Bac Ninh Province. This is an important industrial and economic center of Vietnam. Businesses will have many advantages when setting up production facilities here.

Located in Bac Ninh Province

Bac Ninh is about 30 km north of Hanoi. This locality has a strong industrial base. Many industrial parks and industrial clusters attract thousands of businesses.

Close to Important Transportation Routes

Yen Phong 1 I.P is near highways, national roads, and railways. This helps businesses transport goods easily. Companies can also connect with other regions quickly and efficiently.

The strategic location of Yen Phong 1 I.P is one of the key factors attracting businesses to invest and expand operations.

Vị Trí Địa Lý Tỉnh Bắc Ninh

Overview of Scale and Infrastructure

Yen Phong 1 Industrial Park is located in Bac Ninh Province, covering an area of 658 hectares. This is a large industrial park with modern infrastructure in Vietnam. It meets the production and business needs of companies.

Yen Phong 1 I.P was invested in with a long-term vision. This area has a synchronous and modern infrastructure system. This system includes:

A spacious internal transportation system, convenient for movement
A system providing electricity, water, and telecommunications fully meeting operational needs
Amenities such as canteens, banks, post offices, and kindergartens…

Due to its large scale and modern infrastructure, Yen Phong 1 I.P has attracted many corporations and enterprises from both domestic and international sources.

Yen Phong 1 I.P is a modern industrial park model, well meeting the needs of investing companies.

Main Business Activities

Yen Phong 1 I.P attracts many enterprises. They operate in fields such as manufacturing, processing, services, and high technology. These industries help the industrial park develop economically.

Manufacturing and Processing

Many manufacturing and processing companies have chosen Yen Phong 1 I.P. They leverage modern infrastructure and abundant labor. This helps them produce high-quality products at competitive prices.

Services and High Technology

Not only manufacturing, but Yen Phong 1 I.P also attracts service companies. Fields like logistics, information technology, research, and development are also thriving. This enhances added value and promotes high technology.

Field of Activity	Example Companies
Manufacturing and Processing	Samsung, Canon, Honda
Services and High Technology	Viettel, FPT, IBM

Incentives and Support Policies for Businesses

Yen Phong 1 Industrial Park in Bac Ninh Province aims to attract investment. They provide many incentives and support policies for businesses. These incentives help companies develop.

Land Incentives

Businesses here enjoy preferential land rental prices. They also receive extended long-term land lease periods. This helps them with long-term business planning.

Tax Incentives

Companies also enjoy incentives for corporate income tax exemptions/reductions and import tax exemptions/reductions. This helps alleviate financial burdens and increase competitiveness.

These incentives attract many businesses to Yen Phong I. It also helps companies develop and grow.

Investment and Working Environment

Yen Phong 1 I.P creates favorable conditions for investment and working. It has a modern management system and abundant human resources. This meets the needs of investors.

Modern Management System

Yen Phong 1 I.P has an advanced management system. It applies modern technologies and processes. This helps businesses save time and costs, enhancing efficiency.

Abundant Human Resources

The workforce at Yen Phong 1 I.P is rich and high-quality. Companies can easily find suitable personnel for their business needs.

Index	Yen Phong 1 Industrial Park	Regional Average
Percentage of workers with university degrees or higher	65%	45%
Percentage of workers with over 5 years of experience	72%	58%

With modern management and quality human resources, Yen Phong 1 I.P provides a solid foundation for business development.

Future Development Potential

Yen Phong 1 Industrial Park has a favorable geographical location. It has modern infrastructure and attractive incentive policies. Therefore, this industrial park is expected to attract many new investment projects. This will boost industrial and economic development in Bac Ninh Province in the future.

The competitive advantages of Yen Phong 1 I.P include:

Favorable geographical location, close to important transportation routes such as National Route 18, National Route 1A, and Nội Bài International Airport.
A modern infrastructure system, well meeting the operational needs of businesses.
Attractive incentive policies regarding land, taxes, and business support.
Abundant human resources, with competitive labor costs, meeting investor needs.

With these advantages, Yen Phong 1 I.P is expected to continue attracting new investment projects, especially in manufacturing, processing, and high technology. This will contribute to promoting economic growth in Bac Ninh Province.

Notable Projects and Enterprises

Yen Phong 1 Industrial Park has attracted many leading technology groups. Names like Samsung Electronics, Canon, Luxshare-ICT, Foxconn, and Bayer MaterialScience have chosen this location for investment. They have expanded their operations here.

These large enterprises not only drive the development of the industrial park but also create thousands of jobs for local workers. This helps boost economic growth in Bac Ninh Province.

Company	Field of Activity	Investment Scale (Million USD)
Samsung Electronics	Electronics manufacturing	17,000
Canon	Camera and office equipment manufacturing	600
Luxshare-ICT	Electronic component manufacturing	1,500
Foxconn	Electronics and technology equipment manufacturing	300
Bayer MaterialScience	Chemical and industrial rubber manufacturing	350

This location not only brings economic benefits but also enhances the reputation and position of Bac Ninh on the industrial investment map of Vietnam.

Yen Phong 1 I.P has become one of the most attractive destinations for leading global technology and manufacturing corporations. Their presence not only brings economic benefits but also contributes to elevating the reputation and status of Bac Ninh.

Contribution to Economic Development in Bac Ninh Province

Yen Phong 1 I.P is an important driver of economic development in Bac Ninh Province. It has created thousands of new jobs. This helps improve the living standards and income of the people.

This industrial park attracts foreign investment. Fields like manufacturing, processing, and high technology are developing strongly. This helps boost the province’s GDP growth.

The industrial park also promotes the development of the industrial ecosystem. It creates added value chains and economic linkages.

Geographical location, modern infrastructure, and preferential policies are advantages of Yen Phong 1 I.P. It helps ensure the sustainable socio-economic development of Bac Ninh Province.

Conclusion

Yen Phong 1 Industrial Park has attracted many domestic and international investors. It has contributed to the industrial and economic development of Bac Ninh Province. With its strategic location, modern infrastructure, and incentive policies, Yen Phong 1 I.P will continue to attract many new projects.

This is an ideal destination for investors interested in industrial development in Bac Ninh Province. Yen Phong 1 I.P has become an ideal destination. The development of this industrial park will drive economic growth, create jobs, and contribute to the prosperity of the locality.

Yen Phong 1 I.P has affirmed its important position in the industrial development landscape of Bac Ninh Province. With its existing strengths and future development orientation, Yen Phong 1 I.P promises to continue playing a key role. It will attract investment, promote industrialization, and build a progressively developed Bac Ninh Province.

Other Industrial Parks

FAQ

Where is Yen Phong 1 Industrial Park located?
Yen Phong 1 I.P is located in Bac Ninh Province. It is one of the important industrial and economic centers of Vietnam.

What are the main fields of activity at Yen Phong 1 I.P?
Yen Phong 1 I.P attracts many enterprises. They operate in fields such as manufacturing, processing, electronics, and mechanics. There are also logistics services, information technology, research, and development.

What incentives and support policies does Yen Phong 1 I.P offer to businesses?
Yen Phong 1 I.P offers many incentives for businesses. They enjoy benefits related to land and taxes. For example, preferential land rental prices and exemptions/reductions in corporate income tax and import tax.

How is the investment and working environment at Yen Phong 1 I.P?
Yen Phong 1 I.P creates favorable conditions for investment. They have a modern management system and abundant human resources. This effectively meets the needs of investors.

What notable projects and enterprises have been attracted to Yen Phong 1 I.P?
Yen Phong 1 I.P has attracted many large projects and enterprises. Examples include Samsung Electronics, Canon, Luxshare-ICT, Foxconn, and Bayer MaterialScience. These companies have significantly contributed to the development of the industrial park.

How does Yen Phong 1 I.P contribute to the economic development of Bac Ninh Province?
Yen Phong 1 Industrial Park significantly contributes to Bac Ninh Province. It has promoted socio-economic development. This helps increase GDP growth, create jobs, and improve income for local workers.