List of industrial zones in Thanh Hoa 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 Thanh Hoa Province.

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

Thanh Hoa, the largest province in Vietnam by area and the third most populous, is emerging as a new economic hub in the North Central region. With its strategic location, Thanh Hoa is not only an important trade gateway but also an ideal destination for foreign direct investment (FDI).

1.1.           Geographical Location and Strategic Advantages

• Location: Situated at the gateway connecting the Northern Key Economic Zone with the North Central region and the Central coastal region.
• Transportation: Possesses a multimodal transportation system:
  • Roads: National Highway 1A, Ho Chi Minh Highway, and the North-South Expressway are gradually being completed.
  • Railways: The North-South railway line runs through the area.
  • Sea route: Nghi Son Deepwater Port is one of the national Type I comprehensive seaports, capable of receiving large-tonnage vessels, playing a crucial role in regional logistics.
  • Air travel: Tho Xuan Airport (Sao Vang International Airport) connects Thanh Hoa with major economic centers both domestically and internationally.
• Supply chain: The industrial base, especially heavy industry (petrochemicals, thermal power, cement) and large-scale agriculture, facilitates the formation of supporting industrial supply chains.

1.2.           Provincial Investment Attraction Policies and Guidelines

Thanh Hoa province identifies industry as a key driver of development. The province is committed to creating the most favorable investment and business environment with the following policies:

• Administrative procedure support: Applying a “one-stop shop, on-site” mechanism to minimize the time required for investment licensing.
• Infrastructure: Focus investment resources on the synchronized development of transportation, electricity, water, and telecommunications infrastructure in industrial zones.
• Orientation: Attracting high-tech, environmentally friendly projects with high added value, especially in the Nghi Son Economic Zone .

1.3.           Industrial development scale

Thanh Hoa has been and continues to demonstrate its outstanding scale of industrial development:

• Operating Industrial Parks: Currently, many key industrial parks are operating effectively, attracting hundreds of investment projects.
• Industrial parks under planning/expansion: The province plans to expand and establish more new industrial parks to meet the growing demand for FDI.
• Future orientation: Striving to become a modern industrial province by 2030, and one of the country’s new growth poles.

1.4.           The role of Thanh Hoa in the national industrial network.

While Bac Ninh is known as the electronics and high-tech center, and Dong Nai as the mechanical engineering and manufacturing center of the South, Thanh Hoa is positioned as the Heavy Industry and Energy Center, along with the strong development of Logistics, Seaports , and High-Tech Processing and Manufacturing in the North Central region. The Nghi Son Economic Zone is the core, playing a crucial role as a growth engine for the entire region.

1.5.           Vinasc Real assesses the FDI investment potential in Thanh Hoa.

• Field data: Based on field surveys and feedback from partners, Vinasc Real has found that Thanh Hoa has outstanding appeal due to its abundant industrial land, competitive labor costs, and strong commitment from the provincial government.
• FDI potential: The presence of large-scale projects such as the Nghi Son Refinery and Petrochemical Complex demonstrates the potential to attract multi-billion dollar projects. FDI investors in manufacturing, construction materials, seaports, and renewable energy will find a significant competitive advantage here.

2. Connecting infrastructure and logistics advantages

A synchronized and modern transportation infrastructure is key to Thanh Hoa becoming a new logistics and industrial hub. The province has invested heavily in key transportation routes, creating a significant competitive advantage for FDI businesses.

2.1. Multimodal Transportation System

Thanh Hoa is one of the few provinces that can connect five important modes of transportation, ensuring efficient goods circulation and minimizing logistics costs.

• Road:
  • Expressway: The North-South Expressway passes through the province, significantly shortening travel time from Thanh Hoa to Hanoi (Northern Key Economic Zone) and other southern provinces.
  • National Highway: National Highway 1A (the main artery running through Vietnam) and the Ho Chi Minh Highway are the main transportation arteries connecting industrial zones within the province and across regions.
• Railways: The North-South railway line runs along the province, facilitating the transportation of large volumes of goods, especially construction materials and agricultural products.
• Sea route:
  • Nghi Son Deepwater Port: A national-class, comprehensive seaport, with berths capable of receiving large vessels up to 100,000 DWT (depending on the berth). It is an important import and export gateway for the North Central region and the country.
• Air travel:
  • Tho Xuan Airport (Sao Vang International Airport): Currently undergoing upgrades and expansion, it will not only serve passenger transport but also has the potential to develop cargo transport, connecting Thanh Hoa with major domestic and international economic centers.

2.2. Integrated Technical Infrastructure & Amenities

Industrial parks in Thanh Hoa are well-planned, ensuring the provision of all essential facilities for production activities:

• Electricity and Water: The national power grid is stable, with substations installed locally. Clean water is supplied from large-capacity water treatment plants.
• Wastewater Treatment: 100% of industrial parks have centralized wastewater treatment systems that meet national standards (QCVN), ensuring compliance with the environmental requirements of FDI.
• Telecommunications: Broadband fiber optic network and high-speed internet are already installed and ready for use.
• Logistics & Amenities: Many industrial parks have developed on-site logistics centers, warehouses , and customs services. Around large industrial parks (such as Nghi Son and Lam Son-Sao Vang) , residential areas, worker housing, and commercial amenities have been established to serve professionals and workers.

2.3. Regional Linkages and Supply Chains

Thanh Hoa has a strategic location for linking with key economic regions:

• Regional Linkage: Serving as a bridge between the Red River Delta region (the industrial and human resource training center of the North) and the North Central region , providing easy access to a large workforce and market.
• Supporting Industry Supply Chain: With the presence of the Nghi Son Refinery and Petrochemical Complex, thermal power plants, and large cement projects, Thanh Hoa creates significant demand and is an ideal destination for investors in the mechanical engineering, construction materials, and basic chemical industries .
• Human resource training: The province has many universities, colleges, and vocational schools, providing a rich source of skilled technical personnel for FDI projects.

Vinasc Real’s assessment

Vinasc Real and its team of local collaborators confirm that Thanh Hoa’s transportation and logistics infrastructure fully meets the needs of large-scale industrial development and is one of the strengths attracting FDI.

We not only know the “location on the map,” but also have a thorough understanding of the current status of highway development , customs clearance capacity at Nghi Son Port, and infrastructure occupancy rates at each industrial park. This helps FDI investors accurately identify the most suitable land/factory location for their specific industry, logistics requirements, and supply chain.

3. Population and the Labor Market

A large population and a young workforce are among Thanh Hoa’s outstanding competitive advantages in attracting labor-intensive and large-scale investment projects.

3.1. Population Size and Characteristics

• Population Size: Thanh Hoa is the third most populous province in the country, with approximately over 3.7 million people . This population size creates a huge supply of labor for industrial zones.
• Population Density: The population density is relatively high , at approximately 166 people/km² (lower than the national average, but highly concentrated in the plains and coastal areas), which is favorable for recruitment and labor concentration.
• Consumer Market: With its large population, Thanh Hoa is also a potential consumer market , creating favorable conditions for the development of service, retail, and consumer goods manufacturing industries.

3.2. Workforce and the Rate of Youth Rejuvenation

• Labor Force: The working-age labor force is large, estimated at over 2.1 million people .
• Characteristics: The proportion of trained workers is increasing rapidly thanks to investment in vocational schools and higher education institutions, especially in engineering, mechanics, and technology.
• Population Rejuvenation Rate: Thanh Hoa continues to maintain a good rate of population rejuvenation, with a higher-than-average proportion of young people. This ensures a plentiful, young, and dynamic workforce in the long term.

3.3. Human Resource Training and Development System

Thanh Hoa has a widespread network of vocational and university education institutions, most notably:

• Major universities (Hong Duc University, etc.)
• Dozens of colleges and vocational schools specialize in training students in technical, industrial, and service sectors.

Large industrial parks like Nghi Son are also proactively linking with training institutions to recruit and provide specialized training according to the specific needs of FDI enterprises.

3.4. Vinasc Real’s Conclusion on Labor and Consumer Advantage

Thanh Hoa’s biggest advantage is its large labor supply at a competitive cost compared to major industrial centers like Hanoi, Bac Ninh, or Ho Chi Minh City.

• Advantages for Investors:
  • Labor Costs: More competitive starting salaries help FDI businesses optimize production costs.
  • Recruitment Scale: Easily meets the needs of large-scale recruitment, especially for large-scale production projects.
  • Stability: The rate of migration abroad or to the South is not as high as in some other provinces, helping businesses retain and stabilize their workforce.

Vinasc Real regularly surveys actual wage levels and labor supply in each industrial park, helping investors understand accurate labor costs and plan recruitment effectively.

4. Investment incentive policies and legal environment of Thanh Hoa province

Thanh Hoa province is committed to creating a transparent, favorable, and competitive legal environment for foreign direct investment (FDI). The province flexibly applies general incentives under Vietnamese law, while also supplementing them with specific support policies to maximize benefits for businesses.

4.1. Preferential Tariff and Land Lease Policies

Investment projects in Thanh Hoa enjoy attractive incentives, especially in the Nghi Son Economic Zone and industrial parks designated as areas with difficult or extremely difficult socio-economic conditions.

–        Corporate Income Tax (CIT) Incentives

The project may be eligible for corporate income tax incentives as stipulated in the Corporate Income Tax Law and related decrees, most commonly:

• Preferential tax rates: 10% over 15 years (applicable to large-scale, high-tech projects, or those located in the Nghi Son Economic Zone).
• Tax-exempt: Four years have passed since the taxable income was generated.
• 50% off: The next 9 years (or longer depending on the industry and location).

–        Land Lease Discounts

• Land lease fee exemption: Investment projects in Nghi Son Economic Zone and industrial parks in the preferential area may be exempt from land lease fees for up to 15 years (or the entire lease period, depending on scale and industry).
• Competitive rental rates: Land rental prices in Thanh Hoa are considered competitive compared to neighboring provinces and major cities.

–        Import Tax Incentives

• Import duties are waived for machinery, equipment, components, and construction materials that cannot be produced domestically and are imported to create fixed assets for the project.

4.2. Specific Support Policies of the Province

In addition to general incentives, Thanh Hoa also has its own support policies to reduce the initial burden on investors:

• Labor Training Support: Providing financial support for vocational training and skills upgrading for local workers based on the needs of FDI enterprises.
• Administrative Procedure Support: Applying a streamlined one-stop mechanism and “on-site one-stop service” at the Nghi Son Economic Zone Management Board and industrial parks helps investors quickly resolve related procedures.
• Infrastructure Investment Support: Support for investment in the construction of technical infrastructure facilities outside the industrial park boundaries, ensuring convenient access to electricity, water, and transportation.

4.3. Legal Environment and Implementation Procedures

When choosing to invest in Thanh Hoa, FDI enterprises need to complete the following basic procedures:

• Investment Registration: Apply for an Investment Registration Certificate (IRC) and an Enterprise Registration Certificate (ERC) .
• Land/Factory Lease: Complete the procedures for leasing land (or subleasing factory space) and sign a contract with the industrial park infrastructure developer.
• Construction: Obtain a building permit (if building a new house), and complete the necessary environmental and fire safety procedures.
• Operation: Fulfill all tax, labor, and insurance obligations as required by law.

4.4. Affirming Vinasc Real’s Position

Vinasc Real not only provides industrial park data but also acts as a reliable legal partner for investors.

With a team of lawyers and legal consultants who have a deep understanding of the procedures in Thanh Hoa province, we commit to:

• Reduced deployment time: Fast support in obtaining IRC/ERC permits.
• In-depth consulting: Ensuring FDI businesses take full advantage of corporate income tax incentives and land lease fee exemptions and reductions.
• Legal Support: Assisting investors in completing complex procedures such as land leasing, construction permits, and environmental impact assessments (EIAs) quickly and accurately, thereby accelerating the project’s Go-Live timeline.

5. Priority sectors for attracting investment in Thanh Hoa province.

Thanh Hoa province is oriented towards attracting selective investment, focusing on key sectors with high added value, maximizing the advantages of its seaport, energy, and available human resources. Below are the sectors that the province encourages to develop , along with Vinasc Real ‘s assessment of their actual potential.

5.1. Manufacturing, Processing and Supporting Industries Group

5.2 . Energy and Chemical Industry Group

5.3. Logistics, Port Services and High Technology Group

5.4. In-Depth Analysis by Vinasc Real

Vinasc Real bases its decisions not only on the province’s priority list but also on on -site surveys of the supply chain and occupancy potential of each industrial park.

• We have observed that, for the Mechanical/Manufacturing industry , investors should prioritize industrial parks with readily available high-capacity power sources and proximity to technical vocational schools to ensure a sufficient workforce.
• For the logistics industry , choosing a location near Nghi Son Port is essential, not only to save on transportation costs but also to shorten customs clearance time.

Vinasc Real’s goal is to help investors see the practical fit between their industry and the unique advantages of each industrial park in Thanh Hoa, rather than just general data.

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

Investment costs in Thanh Hoa are considered very competitive compared to other provinces in the Northern Key Economic Region, helping investors optimize capital and increase profits. Vinasc Real provides continuously updated reference price ranges.

6.1. Industrial Land Lease Price Framework

Industrial land rental prices in Thanh Hoa differ significantly between Economic Zones (EZs) and regular Industrial Parks (IPs), reflecting advantages in location and preferential policies.

Note: This raw land lease price is the sublease price from the Industrial Park Infrastructure Developer for the remaining duration of the lease cycle (usually 50 years). The exact price depends on the industry, leased area, and the time of contract signing.

6.2. Rent for Ready-Built Factory (RBF) and Operating Costs

For investors requiring fast-track deployment or small to medium-sized projects, leasing pre-built factory space is the optimal choice.

Price Comparison Between Typical Industrial Parks

6.3. Affirming Vinasc Real’s Position

Vinasc Real proudly serves as the most reliable source of information on investment costs in Thanh Hoa.

We have real-time, up-to-date rental price data through our extensive network of partners and industrial park infrastructure developers. This allows us to:

• Providing accurate reference prices: This helps investors get a preliminary idea of the total investment costs in Thanh Hoa.
• Effective Negotiation Support: Based on market data and experience, Vinasc Real helps clients negotiate the most optimal rental prices , ensuring long-term economic benefits for FDI projects.

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

To make sound investment decisions, FDI investors need a comprehensive overview, not just the glamorous advantages but also the real challenges. Vinasc Real provides an objective analysis of the strengths and weaknesses of the investment environment in Thanh Hoa.

9.1. Superior Competitive Advantage

Thanh Hoa possesses many core advantages, creating a strong appeal compared to other localities in the North Central region:

• Strategic Location and Integrated Infrastructure:
  • Multimodal Logistics: Connecting 5 modes of transport (North-South Expressway, National Highway, Railway, Tho Xuan Airport, and especially Nghi Son Deepwater Port ).
  • Nghi Son: The Nghi Son Economic Zone is a leading economic hub, possessing a deep-water seaport and a heavy industry complex, creating favorable conditions for supporting industries, heavy goods import and export, and energy.
• Competitive Operating Costs:
  • Labor Costs: With a large population and a plentiful young workforce, labor costs in Thanh Hoa are significantly lower than in the Northern Key Economic Region (Hanoi, Bac Ninh, Hai Phong).
  • Land Lease Prices: Industrial land lease prices remain competitive , with many preferential policies offering rent reductions and exemptions.
• Special Offer Policy:
  • Applying the highest corporate income tax incentives (especially in the Nghi Son Economic Zone) as stipulated by the Government helps optimize profits in the long term.
  • has a strong commitment to supporting large FDI projects.

9.2. Challenges to Note

Based on real-world feedback from existing investors and surveys conducted by local collaborators, Vinasc Real has identified several challenges:

• The Dispersion of Infrastructure and Rising Rental Prices:
  • Large amount of industrial land is available: However, key operating industrial parks have high occupancy rates , meaning that the remaining large amount of land is concentrated in new industrial parks, further from the city center, or those currently under infrastructure development.
  • Price increase pressure: High interest from multi-billion dollar projects has caused land lease prices in some key industrial parks to tend to rise faster than the regional average.
• Local Procedures:
  • Lack of synchronization: Although the province has a “one-stop shop” mechanism, in reality, the process of implementing administrative procedures related to land, construction, and environment at some grassroots levels is still not as synchronized and fast as expected by FDI investors.
  • Labor Capacity: While the proportion of trained workers is increasing, the demand for highly skilled and specialized technical workers (engineers, middle managers) still needs to be supplemented from external sources or through on-the-job training.

9.3. Vinasc Real’s Realistic Assessment

Vinasc Real believes Thanh Hoa is one of the most valuable destinations for FDI in the next decade, especially for industries requiring seaports, energy, and large-scale operations .

“Thanh Hoa offers cost advantages and legal incentives that few other places can match. However, investors need a partner with practical knowledge to manage procedural risks and choose optimal locations , avoiding industrial parks with excessively high prices. We have observed that successful investors here are those who received close support from the government and consulting partners during the initial licensing phase.”

A deep understanding of these real-world “bottlenecks” allows Vinasc Real to provide precise consulting solutions, helping investors avoid unnecessary time and costs , affirming our differentiation in the market.

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

Choosing the right industrial park is a key factor determining logistics efficiency, operating costs, and project implementation speed. Based on practical consulting experience for FDI investors, Vinasc Real offers the following strategic recommendations to help clients optimize the advantages of Thanh Hoa.

Vinasc Real – A Valuable Strategic Advisor

We have observed that:

• If the project requires tax incentives and port access: Nghi Son was an almost unavoidable choice, despite the higher land lease prices.
• If the project requires optimizing labor costs and rapid implementation: Industrial parks outside of economic zones (such as new industrial parks) are a smarter choice.

Vinasc Real will conduct a detailed analysis of business needs (from product type, import/export volume, power requirements, to labor density) to identify which industrial park offers the best overall economic benefits , preventing investors from wasting logistics costs or failing to take full advantage of local policy incentives.

11. Prospects for industrial development in Thanh Hoa province

Thanh Hoa is not only a current destination but also a potential industrial hub in the long term. Development plans and shifting FDI flows indicate bright prospects, offering great opportunities for early investors.

11.1. Industrial Infrastructure Expansion and Development Plan

Thanh Hoa province is focusing on expanding its industrial land reserves to ensure a continuous supply for FDI projects.

• Developing Industrial Park Systems: In addition to completing existing industrial parks such as Bim Son Industrial Park and Le Mon Industrial Park, the province is accelerating investment in new and expanded industrial parks, such as Ben En Industrial Park and Tho Xuan Industrial Park , in order to create abundant land resources with diverse locations and prices.
• Focus on Industrial Clusters: Develop smaller-scale industrial clusters, located near raw material and labor sources, serving supporting industries, agricultural processing, and small and medium-sized enterprises (SMEs).
• Improving Connectivity Infrastructure: Continue to prioritize key transportation infrastructure projects such as the North-South Expressway , upgrading Nghi Son Port and Tho Xuan Airport , ensuring the province’s logistics capacity can handle a significantly increased volume of goods.

11.2. Trends in FDI Flows and Opportunities for Early Investors

Thanh Hoa province is shifting from attracting resource exploitation projects to high-tech, high-quality projects.

• Breakthrough Growth Capital Inflow: Following initial large-scale projects, Thanh Hoa is witnessing strong interest from investors from South Korea, Japan, and Europe in the renewable energy and manufacturing/deep processing industries .
• Investment Trends: Focus on green industries, high-tech industries, and projects that create high added value, especially Tier 1 and Tier 2 suppliers participating in global supply chains.
• An opportunity for early investors:
  • Prime Location Selection: Investing at the current stage allows businesses to easily select prime land locations at reasonable costs within industrial parks that are in their initial development phase.
  • Attractive Incentives: Early investment projects, especially those in priority sectors, have the opportunity to receive the highest level of incentives and support from the provincial government.

11.3. Data and Future Prospects from Vinasc Real

Through its network of collaborators and investment promotion agencies, Vinasc Real has concluded:

“Thanh Hoa is currently in the golden age of industrial development. With the Nghi Son Economic Zone as its foundation, the province will develop according to the model of ‘core industries driving supporting industries’ . Within the next 5-10 years, Thanh Hoa will consolidate its position as a leading industrial and logistics growth hub in the North Central region, becoming an important manufacturing center on Vietnam’s FDI map.”

12. Contact for investment consultation and support in Thanh Hoa province.

Are you an investor looking for industrial land in Thanh Hoa? Don’t let complicated legal procedures and a lack of practical information delay your project.

Vinasc Real is a leading strategic consulting partner, providing comprehensive solutions (from A to Z) for FDI businesses wishing to invest in Vietnam.

12.1. Why choose Vinasc Real as your partner in Thanh Hoa?

• Real & Independent Data: We not only provide general information but also the most up-to-date rental price data and information on the current state of infrastructure in each industrial park, verified through our network of local collaborators.
• Location Strategy Consulting: Based on practical experience, we help you select the most optimal industrial park (as analyzed in Section 10), ensuring suitability in terms of logistics, supply chain, and labor costs.
• In-depth Legal Support: Our team of lawyers and specialists are knowledgeable about the procedures for obtaining Investment Registration Certificates (IRC) , Enterprise Registration Certificates (ERC) , land lease procedures, and construction permits in Thanh Hoa.
• Optimized Incentives: We ensure your project benefits from the highest corporate income tax incentives and land lease fee exemptions allowed by Thanh Hoa province and the Vietnamese government.

12.2. Vinasc Real’s Comprehensive Investment Support Services:

• Phase 1: Survey and Analysis:
  • in-depth SWOT analysis reports for industrial parks.
  • Assisting with on-site surveys of factory/raw land locations according to technical requirements.
• Phase 2: Legal and Procedural:
  • Assistance in preparing and submitting applications for IRC/ERC permits .
  • Assisting in negotiating land lease contracts and working with the Industrial Park Management Board.
• Phase 3: Operation and Deployment:
  • environmental procedures , fire safety, and construction .
  • Support with recruitment and initial employment issues.

13. Frequently Asked Questions (FAQ)

This section summarizes the most common questions that foreign direct investment (FDI) investors often ask when researching the Thanh Hoa market.

13.1. What are the rental prices for industrial parks in Thanh Hoa?

Industrial land rental prices in Thanh Hoa vary significantly between different areas:

• Reference price range: Ranging from $60/m² to $95/m² for the entire remaining lease term (typically 50 years).
• The area with the highest prices: Usually the Nghi Son Economic Zone due to its seaport advantages and superior incentives.
• Rental price for Ready-Built Factory (RBF): Approximately 3.0 – 4.5 USD/m²/month , excluding VAT and utility costs.

Vinasc Real advises: The exact price depends on the type of business, the leased area, and the time of contract signing. Please contact Vinasc Real for the most up-to-date and detailed price list.

13.2. What is the land lease term and investment registration procedure?

• Land lease term: The most common land lease term in industrial parks is 50 years from the date of issuance of the Investment Certificate (excluding the period already leased by the infrastructure developer).
• Investment registration procedures: Investors need to apply for an Investment Registration Certificate (IRC) and an Enterprise Registration Certificate (ERC) . These procedures are issued by the Nghi Son Economic Zone and Industrial Parks Management Board, or the Department of Planning and Investment of Thanh Hoa province. Vinasc Real can provide comprehensive support for this process.

13.3. What corporate income tax incentives does Thanh Hoa province offer?

Thanh Hoa province applies very attractive corporate income tax incentives, especially in the Nghi Son Economic Zone and industrial parks located in investment-incentive areas:

• Common preferential treatment: Preferential tax rate of 10% for 15 years.
• Tax-exempt: Four years have passed since the taxable income was generated.
• 50% off: The next 9 years (or longer depending on the project).

13.4. Which industrial park is suitable for my profession?

The choice of industrial park depends on the logistics and supply chain requirements of the project:

• Logistics/Energy/Chemical sector: Priority given to Nghi Son Economic Zone (advantage of seaport).
• Major Mechanical/Manufacturing Sector: Priority given to Bim Son Industrial Park or Lam Son – Sao Vang Industrial Park (transportation connectivity, human resources).
• Electronics/High-Tech Industry: Priority given to Le Mon Industrial Park (close to the city, convenient for professionals).

13.5. Can Vinasc Real assist with surveying or comparing industrial parks?

Yes. Vinasc Real is committed to providing comprehensive services:

• Industrial Park Comparison: We provide a detailed comparison table of rental prices, infrastructure conditions, occupancy rates, and incentives at all industrial parks you are interested in.
• Field Survey Support: Our team of experts and local collaborators are ready to organize and lead site tours, helping you visually assess the land and factory location.

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

Vinasc Real ‘s core difference lies not only in its consulting experience but also in its extensive network across Vietnam. We operate as an ecosystem, ensuring FDI investors receive accurate and timely information, not only in Thanh Hoa but in any key province or city.

14.1. Network of Collaborators and Partners in 34 Key Provinces and Cities

Vinasc Real has built a solid network including:

• Reputable local brokerage firms: Those with many years of experience operating in the province.
• Investment Promotion Organizations: Units that hold the latest planning information and local policies.
• Legal and Real Estate Experts: Individuals with in-depth expertise in legal procedures and market pricing.

This network covers 34 provinces/cities with the fastest industrial development in Vietnam, from industrial centers in the North (Hanoi, Bac Ninh, Hai Phong) to the Central region (Thanh Hoa, Da Nang) and the South (Ho Chi Minh City, Dong Nai, Binh Duong).

14.2. The Key Role of Networks

The network of collaborators plays a vital role in ensuring the quality of Vinasc Real’s services:

• Real-time Information Updates: Providing detailed planning information , actual rental prices , and infrastructure progress for each plot of land within the industrial park.
• On-Site Survey Support: We assist investors in organizing quick and professional field surveys , saving them travel and search time.
• Local Procedure Support: Assisting in promoting and expediting administrative procedures at the grassroots level, where FDI investors often encounter the most difficulties.

14.3. Model

Vinasc Real operates on a unique hybrid model that optimizes benefits for customers:

This combination ensures that investors receive a national strategic vision from Vinasc Real, while also being served with the highest level of flexibility and local expertise through a team of collaborators in Thanh Hoa.

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

“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.”