List of industrial zones in Hung Yen Province

Vinasc Real – National industrial park real estate consulting & brokerage unit, regularly updating the latest information on operating, newly invested, and expanding industrial parks and industrial zones in Hung Yen Province.

1. Overview of the province and its role in Vietnam’s industrial map.

1.1. Geographical Location and Strategic Advantages:

Hung Yen is known as Hanoi’s most important “industrial satellite” and is the eastern gateway province of the Capital Region. This strategic location offers superior logistics and supply chain advantages:

Prime Location: Hung Yen is situated entirely within the Northern Key Economic Zone , serving as a central hub connecting Hanoi, Hai Phong, and Quang Ninh (the Northern economic growth triangle).
Traffic:
Road transport: Located right next to National Highway 5A and the Hanoi-Hai Phong Expressway (QL5B) , enabling super-fast goods transportation.
Supply chain: Located approximately 70-80 km from Hai Phong Port and 50-60 km from Noi Bai International Airport , ideal for import and export businesses.
The development of the Capital Region’s Ring Road 4 (currently under construction) will further strengthen Hung Yen’s position as a central hub for goods transportation.

1.2. The Province’s Investment Attraction Policies and Directions

Hung Yen province aims to become a modern industrial province, focusing on quality over quantity.

Green and High-Tech Industries: Priority will be given to attracting projects in the production of electronic components, precision mechanics, supporting industries , and processing and manufacturing technologies with high added value and environmental friendliness.
Administrative reform: The province is committed to building a transparent and open investment environment by maintaining a high PCI (Provincial Competitiveness Index) score and ensuring quick investment licensing times.
Investment support: The provincial government regularly organizes meetings and dialogues to resolve difficulties for investors, demonstrating its commitment to supporting them from the licensing stage to operation.

1.3. Scale of Industrial Development and Future Orientation

: List of industrial zones in Hung Yen Province

Hung Yen is one of the provinces with a rapid rate of industrialization and well-planned development.

Current status of Industrial Parks: The province has 10 established and operating industrial parks, with a total area of nearly 2,000 hectares . The occupancy rate at large industrial parks such as Thang Long II and Pho Noi A/B consistently reaches over 90% .
Expansion orientation: Hung Yen will continue to expand its industrial parks, especially new ones such as Ly Thuong Kiet and Bai Say, raising the total planned industrial land area to nearly 4,000 hectares in the future.

1.4. The Role of Provinces in the National Industrial Network

If Bac Ninh is known as the “Electronics Manufacturing Capital” and Dong Nai as the Southern Mechanical Engineering Center, then Hung Yen is identified as a crucial “Supporting Industry and Manufacturing Technology Center” in the Capital Region supply chain.

The province serves as a supplier of components, parts, and manufacturing services for large corporations located in Hanoi and Bac Ninh.
This is an ideal location for businesses looking to establish research and development (R&D) facilities near Hanoi to take advantage of a high-quality workforce while maintaining reasonable operating costs.

1.5. Vinasc Real’s Assessment of FDI Investment Potential

With its extensive network of collaborators and field survey data, Vinasc Real believes Hung Yen is one of the most attractive FDI destinations in the Northern region over the next 5 years.

The shift: Following the boom in Bac Ninh and Hai Phong, investors are now seeking clean land, prime locations , and stable policies in neighboring areas. Hung Yen perfectly meets these criteria.
Potential for value appreciation: Although land lease prices have increased, compared to industrial parks in Hanoi, Hung Yen still offers competitive prices and has significant potential for industrial real estate value appreciation thanks to the completion of key transportation routes.
Recommendation: Vinasc Real recommends that FDI investors prioritize seeking locations in newly expanded industrial parks or industrial parks with modern infrastructure, such as Thang Long II, to ensure long-term investment efficiency.

2. Connecting infrastructure and logistics advantages

Hung Yen possesses a comprehensive and well-invested transportation infrastructure, a key factor in making the province an ideal logistics hub, significantly reducing the cost and time of goods transportation.

2.1. The Main Transportation System

Type	Route/Facility	Distance/Advantage
Highway	Hanoi – Hai Phong Expressway (QL5B)	The main transport route connects directly to the seaport.
National Highway	National Highway 5A, National Highway 38, National Highway 39	Located right next to National Highway 5A, providing quick access to Hanoi and Hai Duong.
Seaport	Hai Phong Port	Approximately 70-80 km along the highway, convenient for export.
Airport	Noi Bai International Airport (HAN)	Approximately 50-60 km , suitable for transporting high-value goods.
Waterways	Red River, Luoc River	There is potential for developing inland waterway freight transport.
Railway	Lac Dao Station	The potential for future rail connectivity, currently primarily used for highway/expressway transport.
Border gate	Huu Nghi Border Gate	Convenient access via National Highway 1A or the ring road, facilitating trade connections with China.

2.2. Industrial Infrastructure and Surrounding Amenities

The technical infrastructure in Hung Yen’s industrial parks is well-invested, meeting international standards for large investors:

Electricity Supply: Ensuring a stable power supply from the national grid, usually with a dedicated transformer station for the industrial park.
Clean Water Supply: Clean water is supplied from a large-capacity, centralized water treatment plant, ensuring quality.
Wastewater Treatment: All industrial parks have large-capacity centralized wastewater treatment plants that meet Class A discharge standards as regulated by Vietnam.
Telecommunications & IT: Fiber optic cables and high-speed internet are installed in a synchronized manner.
Amenities: Surrounding large industrial parks such as Pho Noi A and Thang Long II , residential areas, urban areas, banks, schools , and food services have been developed, creating favorable living and working conditions for professionals and workers.

2.3. Regional Linkages and Supply Chains

Hung Yen’s greatest advantage is not only its independent transportation network, but also its ability to closely connect with other economic centers:

Northern Key Economic Zone: Hung Yen is an indispensable part of the region’s production chain.
Human Resources Training Center: Located adjacent to Hanoi, making it easy to recruit experts and engineers from leading universities.
Industrial Supply Chain Support: A destination for Tier 1 and Tier 2 suppliers who want to set up factories near major manufacturers in Bac Ninh and Hanoi, reducing logistics costs in the supply chain.

2.4. Vinasc Real’s Assessment: Location on the Map and on the Site

Vinasc Real and its team of local collaborators consistently conduct field surveys to provide the most accurate assessment of infrastructure:

Our assessment: “We not only know that National Highway 5B passes through Hung Yen, but we also know exactly which exit/entrance is most convenient for each industrial park, as well as the distance to nearby residential areas.”

Conclusion on Transportation and Logistics Infrastructure

Advantages:
Optimized shipping costs: The location near Hanoi and Hai Phong helps optimize transportation costs .
Synchronization: The technical infrastructure within the industrial park has been modernized and is ready to accommodate large-scale projects.
Challenge:
Local congestion: Some industrial zones near the old National Highway 5A may experience minor congestion during peak hours.

With its superior location and connectivity infrastructure, Hung Yen is fully capable of meeting the needs for the development of high-tech industries and logistics in the coming years.

3. Population and the Labor Market

The labor market is one of the key factors determining operating costs and production stability. Hung Yen has the advantage of an abundant labor supply with experience working in modern industrial environments.

3.1. Population Size and Density

Index	Reference Data	Evaluate
Total Population	Approximately 1.2 million people	The supply of labor within the province is stable.
Population Density	Approximately 1,400 people/km²	High population density (higher than the national average) creates a vibrant consumer and service market.

Consumer advantage: High population density not only provides a labor force but also creates a potential domestic consumer market for businesses producing consumer goods.

3.2. Workforce and Structural Characteristics

Hung Yen is currently in the “golden demographic period ,” with a high proportion of working-age people, well-suited to meet the needs of industrial development.

Labor Force: Approximately 60-65% of the population is of working age (15-64 years old).
Speed: Hung Yen has maintained a faster pace of youth development compared to some neighboring localities, thanks to attracting people from other provinces to work in its industrial zones.
Level:
Unskilled labor: Abundant and easily trained.
Technical workers: Experienced in the electronics, mechanical engineering, and textile industries due to their long history of industrial development.
Costs: Average wages in Hung Yen are more competitive than in Hanoi, helping investors significantly reduce labor costs.

3.3. Training and Recruitment Linkages

The province has been strengthening its vocational education system to meet the demands of high technology:

Training Centers: The province has colleges and vocational schools that focus on training in key professions in line with the province’s development orientation.
Advantages of being in the capital city: Being close to Hanoi allows businesses to attract engineers and senior experts from top universities in the capital without having to build dormitories too far from the city center.

3.4. Conclusion: Advantages and Challenges for Investors

– Advantages:

Stable supply: A young population and high labor force ratio help ensure a stable supply of manpower for large-scale projects.
Existing experience: The workforce is already familiar with industrial practices and international standards from major investors (Japan, South Korea).
Consumer Market: High population density is an advantage for businesses producing consumer goods and services.

– Challenge:

Competition: They have to compete for labor with neighboring “large construction sites” like Bac Ninh and Hai Duong.
Quality Requirements: New high-tech industries require a workforce that needs to be retrained to meet new technical standards.

Vinasc Real’s assessment: “The workforce in Hung Yen is not only abundant but also experienced , which is a major advantage for projects relocating from China or other provinces. Vinasc Real can assist investors in directly connecting with job placement centers and vocational schools to ensure a high-quality workforce right from the preparation stage.”

4. Investment incentive policies and legal environment of Hung Yen province

A stable legal environment and attractive incentive policies are Hung Yen province’s commitment to attracting high-quality projects. Investors choosing Hung Yen will enjoy double benefits: general incentives from the Vietnamese Government and specific support policies from the province.

4.1. Tax and Land Lease Incentive Policies

Hung Yen province applies preferential policies in accordance with Vietnam’s Investment Law and Tax Law, especially for priority sectors and large-scale projects:

Corporate Income Tax (CIT):
Corporate income tax exemption for the first few years.
A 50% reduction in taxes payable in subsequent years (depending on the sector, location, and scale of the project).
Land rent:
Land rent is waived during the basic construction phase (usually no more than 3 years).
Exemption or reduction of land rent for certain particularly important projects or projects included in the preferential treatment category.
Import Tax: Import tax exemption applies to machinery, equipment, specialized components for production, and construction materials that cannot be produced domestically.

4.2. Specific Support Policies and Administrative Reforms of the Province

In addition to financial incentives, Hung Yen province places special emphasis on supporting investors in terms of procedures and human resources:

One-Stop Shop Mechanism, Integrated One-Stop Shop: The province is committed to accelerating administrative procedure reforms and minimizing processing time for applications. Procedures for applying for Investment Registration Certificates (IRC) and Enterprise Registration Certificates (ERC) are processed quickly at the Industrial Park Management Board.
Specific Support: The province has the following support programs:
Labor Training: Provide financial support or facilitate connections with vocational training institutions to train human resources according to the project’s needs.
Land Clearance Support: Assist investors in the land clearance process, ensuring timely handover of cleared land.
PCI Index: Hung Yen is constantly striving to improve its Provincial Competitiveness Index, affirming its transparent and friendly investment environment .

4.3. Legal Procedures to Follow and the Role of Vinasc Real in Supporting Them

When deciding to invest in Hung Yen, investors need to complete the following basic legal procedures:

Land lease agreement/contract signing: With the industrial park developer.
We request an Investment Registration Certificate (IRC).
I am requesting an Enterprise Registration Certificate (ERC).
Apply for a building permit and other related permits such as environmental permits and fire safety permits.
Proceed with construction and register the project for commissioning.

Confirming Vinasc Real’s Legal Capacity:

“Understanding the complexity and time-consuming nature of legal processes in Vietnam, Vinasc Real is not just a site consultant, but also a comprehensive legal partner. We have a team of lawyers and consultants with in-depth knowledge of Investment Law and local regulations in Hung Yen. Vinasc Real will accompany investors from drafting IRC/ERC application documents, assisting with construction permit applications, to post-investment procedures, helping to shorten project implementation time by 3-6 months, ensuring legal compliance and maximizing cost savings.”

5. Priority sectors for attracting investment in Hung Yen province.

Hung Yen province is orienting its industrial development towards sustainability, focusing on the quality of FDI projects rather than the quantity, prioritizing high-tech industries and supporting industries to strengthen the supply chain of the Capital Region.

5.1. Priority Sectors for Investment Attraction

Hung Yen focuses on the following main industry groups:

– High-Tech and Electronics Industry

Field of activity: Manufacturing of electronic components, integrated circuits, smart devices, and IoT technology.
Reason for choosing:
Supply Chain: Located near Bac Ninh (the electronics hub) and Hanoi, Hung Yen has become an ideal location for satellite factories.
Preferential policies: Projects in this sector enjoy the highest corporate income tax incentives.

– Supporting Industries and Precision Engineering

Field of activity: Manufacturing of molds, components, and spare parts for automobiles and motorcycles; precision mechanical products for electronics manufacturing.
Reason for choosing:
Infrastructure: Modernly planned industrial parks (e.g., Thang Long II Industrial Park) have the expertise and specialized environment for the mechanical and manufacturing industries.
Human resources: Hung Yen has a workforce that is already familiar with advanced machinery, equipment, and technical processes.

– Processing, Manufacturing and Machinery Production Industry

Field of activity: Assembly and manufacturing of industrial machinery, electrical equipment, and new materials.
Reason for choosing:
Logistics: The convenient location facilitates the rapid transportation of heavy raw materials and finished products to the port and neighboring provinces.

– Pharmaceutical and Cosmetics Industry

Field of activity: Manufacturing of pharmaceuticals, medical devices, and cosmetics that do not cause environmental pollution.
Reason for selection: The province wants to diversify its industries and attract clean projects with high economic and social value.

5.2. Practical Analysis Based on Vinasc Real’s Consulting Experience

Vinasc Real not only relies on the province’s priority list but also conducts a realistic analysis of the project’s potential for success based on market data and local surveys.

Industry Group	Most Suitable Industrial Park	Practical Analysis
Electronics/High Technology	Thang Long II Industrial Park, Yen My II Industrial Park	Advantages: Although land at Thang Long II is scarce, the management environment is very good. Yen My II has more competitive costs. A large amount of capital is needed due to higher-than-average land lease prices.
Supporting Industry	Pho Noi Industrial Park A/B	Advantages: Diverse investors in the area, easy to find partners and suppliers. However, Pho Noi A Industrial Park is already full, so focus should be placed on remaining land plots or newly planned industrial parks.
Logistics/Warehousing	Industrial zones along the National Highway 5B/National Highway 39.	Advantage: Located near major transportation routes. Vinasc Real recognizes the rapidly increasing demand for warehouse space in Hung Yen.

In-depth Analysis: “Given that the available land in major industrial parks is already fully occupied, Vinasc Real regularly recommends that high-tech investors seek opportunities in expanding industrial parks (such as Yen My II) or new industrial parks (like Ly Thuong Kiet) . This helps them secure a good location at a reasonable cost, while also benefiting from the incentives offered by new industrial parks.”

Understanding the differences between industrial parks and their suitability for each industry is a core strength that Vinasc Real offers to investors.

6. Reference prices for land and factory rentals and investment costs.

Investment costs are a decisive factor in determining the feasibility of a project. Due to its strategic location, costs in Hung Yen tend to be higher than in industrial provinces further from Hanoi, but are highly competitive compared to industrial parks located within the Capital Region.

( Important Note: The prices below are for reference only at the current time and may change depending on the land plot location, occupancy rate, lease period, and specific agreement with the Industrial Park Developer. Prices exclude VAT .)

6.1. Land Lease Price Framework and Basic Fees

Type of Expense	Unit	Average Reference Level	Price Range in Hung Yen
Land lease price (one-time payment for 50 years)	USD/m²/lease term	90 – 110	Ranges from 85 (new/remote industrial parks) to 125 (primely located industrial parks, near Hanoi).
Infrastructure Management & Maintenance Fees	USD/m²/month	0.7 – 1.2	Fees vary depending on the quality of service and the size of the industrial park. International industrial parks (like those in Japan) typically have higher fees.
Lease term	Year	Between 2058 and 2068	Depending on when the industrial park was licensed.

6.2. Rental Prices for Ready-Built Factory Buildings (RBF)

There is a huge demand for ready-built factory space in Hung Yen, especially from small and medium-sized enterprises or projects requiring rapid implementation.

Factory/Warehouse Rental Prices: 5 – 5.5 USD/m²/month .
Service charges: Usually included in the management fee, or charged separately at a lower rate (0.2 – 0.3 USD/m²/month).

6.3. Price Comparison Table at Typical Industrial Parks

Comparisons help investors clearly see the differences between industrial parks depending on location and quality of management:

Industrial Park	Land rental prices (for reference only)	Management Fee (for reference only)	Cost Advantage Assessment
Thang Long II Industrial Park (Japanese capital)	Highest (115 – 125 USD/m²)	Highest (1.0 – 1.2 USD/m²/month)	Quality: Suitable for high-tech industries and international service and utility requirements.
Pho Noi Industrial Park A/B	Medium to high price range (95 – 110 USD/m²)	Average (0.8 – 1.0 USD/m²/month)	Location: Near the provincial center, suitable for supporting industries and multi-sector businesses.
Yen My II Industrial Park (Expansion)	Competitive (85 – 95 USD/m²)	Lower (0.7 – 0.9 USD/m²/month)	Opportunity: Suitable for new projects, with ample land available and potentially better incentives.

6.4. Other Costs to Note

In addition to land/factory rental costs, investors need to budget for basic operating expenses:

Electricity Price: According to EVN’s price list (Industrial electricity price applies).
Water Price: According to the provincial price list.
Wastewater Treatment Fee: Usually calculated per cubic meter of wastewater discharged, ranging from 3 – 0.5 USD/m³ .

Vinasc Real: The Most Reliable Source of Rental Price Information

sensitive and constantly changing data . At Vinasc Real , we don’t just provide a reference price range. With our network of collaborators and direct partnerships with industrial park developers in Hung Yen, we are able to update the latest price list for vacant land/factory space weekly, even including the finalized prices of the most recent transactions. This helps our clients enter negotiations with the best informational advantage , saving tens of thousands of USD in total lease costs.”

7. List of industrial parks operating in Tuyen Quang Province

This list is compiled by Vinasc Real and verified through investors and local collaborators .

VR01 Industrial Park – ABC precision plastic mold industrial park see details…
VR01 Industrial Park – ABC precision plastic mold industrial park see details…
VR01 Industrial Park – ABC precision plastic mold industrial park see details…
VR01 Industrial Park – ABC Precision Plastic Mold Industrial Park See details…
VR01 Industrial Park – ABC precision plastic mold industrial park see details…
VR01 Industrial Park – ABC precision plastic mold industrial park see details…
VR01 Industrial Park – ABC precision plastic mold industrial park see details…
VR01 Industrial Park – ABC precision plastic mold industrial park see details…
VR01 Industrial Park – ABC precision plastic mold industrial park see details…
VR01 Industrial Park – ABC precision plastic mold industrial park see details…
VR01 Industrial Park – ABC precision plastic mold industrial park see details…

8. Industrial zones are being planned for investment and expansion in Tuyen Quang province.

Information updated by Vinasc Real from the Provincial Industrial Park Management Board and infrastructure development partners .

VR01 Industrial Park – ABC Precision Plastic Mold Industrial Park (see details)…..
VR01 Industrial Park – ABC Precision Plastic Mold Industrial Park (see details)…..
VR01 Industrial Park – ABC Precision Plastic Mold Industrial Park (see details)…..
VR01 Industrial Park – ABC Precision Plastic Mold Industrial Park (see details)…..
VR01 Industrial Park – ABC Precision Plastic Mold Industrial Park (see details)…..
VR01 Industrial Park – ABC Precision Plastic Mold Industrial Park (see details)…..
VR01 Industrial Park – ABC Precision Plastic Mold Industrial Park (see details)…..
VR01 Industrial Park – ABC Precision Plastic Mold Industrial Park (see details)…..
VR01 Industrial Park – ABC Precision Plastic Mold Industrial Park (see details)…..

9. Analyzing strengths and weaknesses in attracting investment

An objective assessment of the actual advantages and disadvantages will help investors make informed decisions. Hung Yen has outstanding advantages in terms of location, but also faces challenges regarding land availability and cost pressures.

9.1. Strengths: Connectivity Advantages and Policies

Advantage Group	In-depth Analysis Content
Location & Infrastructure	Prime Location : Located at the gateway to the capital and situated on the vital Hanoi-Hai Phong transportation artery . Modern transportation infrastructure (Highway 5B, National Highway 5A, Ring Road 4) optimizes logistics and reduces transit time for import and export goods.
Costs & Manpower	Competitive Costs : Significantly lower labor and operating costs compared to Hanoi and Hai Phong. Abundant Workforce : A young, experienced workforce in supporting industries and electronics, accustomed to international work practices.
Attraction Policy	Stable investment environment : The province is committed to improving its Provincial Competitiveness Index (PCI) and implementing flexible “one-stop shop” mechanisms. Strong tax incentives are applied to high-tech industries.

9.2. Weaknesses: Practical Challenges

Challenge Team	In-depth Analysis Content
Industrial Land Fund	Scarcity of available land : Large industrial parks in prime locations (such as Thang Long II and Pho Noi A) have reached occupancy rates exceeding 90% . Finding large, ready-to-use land plots has become difficult.
Cost Pressure	Rising land rental prices : Due to high demand and scarce land, industrial land rental prices in Hung Yen have increased significantly in recent years, putting pressure on initial investment costs.
Local Procedures	Procedure Synchronization : Although general administrative procedures have improved, synchronization between local departments and agencies is sometimes not entirely smooth, which can delay certain steps in the construction permit application process.
Labor Competition	They face fierce competition from neighboring provinces with strong industrial development, such as Bac Ninh and Bac Giang, in attracting highly skilled workers.

9.3. Realistic Assessment from Vinasc Real

Vinasc Real believes that the biggest challenge facing Hung Yen currently is the scarcity of clean land and the high rental prices . However, this also demonstrates the province’s strong attractiveness.

Vinasc Real closely monitors the land clearance progress of new and expanded industrial parks, ensuring investors can seize early booking opportunities as soon as cleared land becomes available. Our deep understanding of these real-world bottlenecks allows us to provide the most flexible and effective solutions for each project.

10. Suggestions for choosing the right industrial park according to industry

Based on our consulting experience and on-site surveys of investor structure, infrastructure quality, and management policies of each industrial park, Vinasc Real offers strategic suggestions to help investors find the most ideal “anchor point” in Hung Yen.

10.1. Electronics and High Technology Sector.

This sector demands the highest quality infrastructure, comprehensive amenities, and a professional, international management environment.

Recommended Industrial Zone	Core Advantage	Real-World Example
Thang Long II Industrial Park	International Management: Japanese investor, professional management environment, stable electricity and water infrastructure, high ratio of Japanese/Korean investors. Location: Adjacent to National Highway 5A, easy transportation of components.	For example, a Japanese precision component manufacturer chose Thang Long II because of its stringent requirements for wastewater quality and power stability ; only this industrial park met its internal standards.
Yen My II Industrial Park	Land Availability & Expansion: New/expanding industrial parks with ample available land, more competitive rental costs than Thang Long II, suitable for large-scale initial projects.

10.2. Logistics and Mechanical Engineering

This sector requires locations close to major transportation routes and ample space to install large machinery, as well as to facilitate the movement of goods.

Recommended Industrial Zone	Core Advantage	Real life example
Pho Noi Industrial Park A & B	Large Scale & Transportation: Located in the central part of the province, easily connected to National Highway 5 and National Highway 39. A large industrial park, concentrating many mechanical and supporting industrial enterprises, creating a strong internal supply chain .	For example, a South Korean company manufacturing automotive parts chose Pho Noi B Industrial Park because it needed an industrial park with a large area (>10ha) and close proximity to raw material suppliers in the province.
Quan Chieu Industrial Zone	Connectivity to the Capital Region: Located near the Van Giang area, facilitating logistics and road transport into Hanoi, ideal for distribution centers.

10.3. Textile and Garment Industry, Small and Medium Enterprises

This sector requires reasonable land/factory rental costs, an abundant labor supply, and industrial parks with readily available factory space for lease.

Recommended Industrial Zone	Core Advantage	Real life example
Pho Noi Textile and Garment Industrial Zone	Specialized: Specifically planned for the textile and garment industry, with wastewater treatment infrastructure suitable for the industry’s characteristics (however, high occupancy rate).	For example, Taiwanese investors often prioritize this industrial park because it already has an established ecosystem of suppliers and skilled garment workers.
Industrial Clusters	Low cost: Industrial clusters (ICs) typically offer more competitive rental rates than industrial parks, making them suitable for SMEs looking to rent ready-built factory space of small to medium size.

Vinasc Real’s Strategic Recommendation:

“Choosing an industrial park shouldn’t just be based on price, but also on project compatibility , scalability , and overall logistics costs . Vinasc Real helps clients analyze the total cost of ownership (TCO) instead of just looking at land lease prices, ensuring investment decisions yield the most sustainable returns.”

11. Prospects for industrial development in Hung Yen province

Hung Yen is expected to continue being a hot spot for FDI attraction in the next decade. The province is actively addressing the issue of land scarcity and boosting investment in connecting infrastructure, creating a solid foundation for sustainable growth.

11.1. Plan for Expanding Industrial Zones and New Industrial Clusters

To secure land for major projects, Hung Yen is strongly promoting expansion plans and new urban planning:

Industrial park expansion: Continue to improve and expand existing industrial parks such as Yen My II (phase 2), in order to increase the area of clean land ready for immediate lease.
Key New Industrial Parks: Focus on developing large-scale industrial parks with approved planning such as:
Ly Thuong Kiet Industrial Park: Expected to be large-scale, it promises to become a new high-tech industrial park.
Bai Say Industrial Park: Ensuring an additional supply of clean land and diversifying investment locations within the province.
Industrial Cluster Development: In parallel with industrial parks, the province is promoting the development of industrial clusters to serve small and medium-sized enterprises (SMEs) , especially those in the supporting industries.

Future Orientation: Accelerating the implementation of the Capital Region’s Ring Road 4 projects and new industrial parks will transform Hung Yen into the most interconnected logistics and industrial hub in the Northern region.

11.2. Trends in FDI Flows and Opportunities

Vinasc Real observes that Hung Yen is increasingly consolidating its position in the eyes of major investors, especially from East Asia, and is expanding to other regions:

Capital flows from Japan and South Korea: Continue to be the main source of investment, focusing on Electronics, Supporting Industries, and Manufacturing . Industrial parks with Japanese investment (such as Thang Long II) will continue to be the preferred choice.
Shifting trends: The province is experiencing a wave of manufacturing relocation from China and neighboring provinces (Bac Ninh, Hanoi) due to cost pressures and land scarcity. European and American investors are also beginning to seek opportunities here thanks to its proximity to ports and airports.
Potential Sectors: Capital flows will continue to focus on Green Industry and High-Tech projects , in line with the province’s sustainable development orientation.

11.3. Golden Opportunity for Early Investors

Price advantage: Investors seeking locations in industrial parks that are still under infrastructure development will have the opportunity to secure much more favorable rental rates compared to industrial parks that are already fully occupied.
Location selection: There will be a higher chance of choosing plots of land with good locations and convenient logistics within the new industrial park.

Exclusive data from Vinasc Real:

“Through our network of collaborators and close relationships with investment promotion agencies, Vinasc Real obtains insider information on land clearance progress, sales schedules, and projected price ranges of new industrial parks before they are officially announced to the market. This is a competitive advantage that helps our clients become ‘early adopters,’ securing land leases in strategic locations and optimizing costs.”

12. Contact for investment consultation and support in Hung Yen province.

Vinasc Real – Partnering with FDI investors from survey and selection to operation.

When deciding to invest in the promising Vietnamese market, having a partner with in-depth knowledge of the industrial real estate market and local legal framework is a key factor for success. Vinasc Real is committed to providing comprehensive solutions for foreign direct investment (FDI) investors in Hung Yen and nationwide.

12.1. Comprehensive Support Services in Hung Yen

Vinasc Real provides a comprehensive range of services, ensuring your investment process runs smoothly and efficiently:

Providing Accurate Data: We have a continuously updated data source on occupancy rates, rental prices (land, factory), and technical infrastructure of all industrial parks in Hung Yen and other provinces and cities.
On-site Survey Support: Organizing professional field surveys and assisting in connecting directly with the Industrial Park Management Board and Investors to negotiate the best lease terms.
Multidisciplinary Consulting:
Legal – Investment: Assistance in obtaining Investment Registration Certificates ( IRC ), Enterprise Registration Certificates ( ERC ), and Construction Permits.
Accounting – Taxation: Consulting on tax structure, preferential policies, and financial management in compliance with Vietnamese law.
Human Resources: Support recruitment and provide labor policy advice.

12.2. International Support Network

With the goal of providing the best service to FDI investors, Vinasc Real has built a wide network of partners:

Scope: We have collaborators and partner companies in most of the 34 provinces and cities with industrial parks in Vietnam.
Languages: Our team of experts and collaborators are available to assist in multiple languages: English, Korean, Japanese, and Chinese .

Vinasc Real’s Commitment

“We don’t just show locations – we help investors choose the right place to succeed.”

Vinasc Real is committed to providing strategic solutions, helping investors not only lease land but also build a solid foundation for their production and business operations in Hung Yen.

13. Frequently Asked Questions (FAQ)

This section provides quick and accurate answers to the most common questions from foreign direct investment (FDI) investors.

Q1: What is the land rental price for industrial zones in Hung Yen?

A: The current land lease price in Hung Yen ranges from 85 to 125 USD/m² for the entire remaining lease term (usually lasting until 2058-2068).

Note: Specific prices depend on location (near Hanoi/National Highway 5B), infrastructure quality, and the reputation of the industrial park developer (for example, Thang Long II Industrial Park usually has higher prices). Rental prices for ready-built factory space (RBF) are typically between 5 and 5.5 USD/m²/month .

Q2: What are the land lease terms and investment registration procedures?

Land lease term: Most industrial parks in Hung Yen have a land lease term of 50 years , calculated from the date the industrial park is licensed. Sub-investors will lease for the remaining period.
Procedure: Investors need to apply for an Investment Registration Certificate (IRC) and an Enterprise Registration Certificate (ERC) . This process is usually handled quickly at the Industrial Park Management Board, with an estimated time of 1-3 months depending on the type of project.

Q3: What are the corporate income tax incentives offered by Hung Yen province?

A: Hung Yen applies corporate income tax incentives as stipulated by the Government for investment incentive projects:

Common tax incentives: A preferential tax rate of 10% for 15 years , tax exemption for 4 years , and a 50% reduction in tax payable for the following 9 years .
Applicable to: Projects in the high-tech, supporting industries, electronics, and manufacturing sectors will receive the best incentives.

Q4: Which industrial park in Hung Yen is most suitable for my profession?

A: The choice depends on the requirements of the profession:

Electronics & High Technology: We recommend choosing Thang Long II Industrial Park (international environment, professional infrastructure) or Yen My II Industrial Park (competitive costs, available land).
Logistics & Mechanical Engineering: We recommend choosing Pho Noi A/B Industrial Park or locations near the National Highway 5B expressway to optimize transportation.
Small and Medium-sized Enterprises (SMEs): Should look for smaller plots of land or rent pre-built factory space in expanding industrial parks or industrial clusters.

Q5: Can Vinasc Real assist with surveying or comparing industrial parks?

A: Absolutely. Vinasc Real is a comprehensive partner:

Survey: We organize professional field surveys , taking investors to the site to assess the quality of infrastructure and the surrounding environment.
Comparison: We provide detailed comparative reports on pricing, operating costs, industry compatibility, and legal terms among different industrial parks, helping you make decisions based on accurate data and practical experience.

14. Vinasc Real’s nationwide network of partners and collaborators

Vinasc Real operates not only in Hung Yen or major cities; we are a nationwide connected ecosystem , offering in-depth insights into Vietnam’s industrial real estate market. Our strength comes from our extensive network of collaborators and strategic partners.

14.1. Network Size and Composition

We are proud to have a strong network of collaborators and partners in 34 key provinces and cities with strong industrial development and FDI attraction, including:

Local Brokerage Firm: Ensures access to exclusive deals and land/factory plots.
Investment Promotion Organizations: Help you understand the latest incentive policies and planning of each province.
Local Experts (Lawyers, Accountants, Engineers): Providing in-depth legal, tax, and technical consulting services.

14.2. The Core Role of Collaborators

This network plays an indispensable role in ensuring the quality of Vinasc Real ‘s services :

Quick Information Updates: Our collaborators directly collect information on infrastructure progress , land clearance status , and actual rental prices on-site.
On-Site Survey Support: We assist in organizing on-site surveys for investors, saving travel time and enabling efficient direct interaction with the Industrial Park developer.
Understanding Culture & Procedures: Helping FDI investors understand the business culture and specific administrative procedures of each province.

14.3. Model

Vinasc Real operates on a unique hybrid model, offering superior advantages to investors:

Element	The Role of Vinasc Real	The Role of Collaborators
Data	Synthesize, analyze, and compare rental price data and national policies to create a comprehensive strategic report.	Provide weekly updates on site conditions, land status, and project progress.
Decision	Provide strategic recommendations based on nationwide experience.	Assisting in direct negotiations with industrial park owners based on local expertise.
Speed	Quick response, multilingual consultation.	Fastest survey and information verification speed right in the province/city.

Commitment: The combination of Vinasc Real’s nationwide aggregated data and the in-depth local expertise of our partner network ensures that you always receive the most accurate, timely, and strategically relevant information for your project.

15. Why choose Vinasc Real as your investment partner in Vietnam?

Criteria	The value that Vinasc Real brings
National network	We collaborate with most industrial parks and local partners in 34 provinces and cities.
Practical FDI experience	Over 10 years of supporting investors from Japan, Korea, the EU, and the US.
Reliable & Up-to-Date Data	Updates from investors, Department of Planning and Investment, Industrial Park Management Board
Complete solution	From surveying – land leasing – investment permit application – operation
Commitment to accompany	Supporting FDI throughout the project lifecycle.

“Investors are looking for opportunities in Vietnam?

Let Vinasc Real and our team of local collaborators accompany you on your journey to effective and sustainable investment.”