Industrial Park No. I in Hung Yen Province

Industrial Park No. I in Hung Yen Province is a large and modern industrial park established in 1996. It has become a central hub for production and investment for numerous businesses. Its strategic location and modern infrastructure have attracted many companies. The park’s extensive area and integrated amenities have driven its development, with numerous large corporations investing and establishing operations, thereby boosting the province’s economy.

Highlights of Industrial Park No. I in Hung Yen:

Convenient geographic location with easy transportation access

Modern infrastructure meeting production needs

Attracts numerous large domestic and international enterprises

Contributes to local economic development

Significant potential for future growth

Geographic Location of Industrial Park No. I in Hung Yen Province

Industrial Park No. I is located in An Thi and Kim Dong Districts, Hung Yen Province, approximately 3 km from the center of Hung Yen City. This location offers convenient transportation access to major routes, including National Highway 5, National Highway 38, and the Hanoi – Hai Phong Expressway.

Situated in a Key Economic Zone

Industrial Park No. I is also located within the Red River Delta’s key economic zone, offering economic development opportunities for businesses and attracting diverse investments.

Criterion	Description
Geographic Location	An Thi and Kim Dong Districts, Hung Yen Province
Transportation Access	Close to major routes like National Highway 5, National Highway 38, and the Hanoi – Hai Phong Expressway
Economic Zone	Located in the key economic zone of the Red River Delta

The favorable location of Industrial Park No. I creates a competitive advantage and attracts businesses to invest here.

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History of Development of the Industrial Park

Industrial Park No. I in Hung Yen Province was established in 1996 with an initial area of 168 hectares. It has since expanded and developed rapidly. Over the years, the park has expanded and enhanced its infrastructure, becoming a significant industrial center. Its development history has contributed to the local economy’s growth.

Industrial Park No. I in Hung Yen Province has become a highlight in the province’s industrial development, attracting numerous reputable investors. It has established its position and will continue to develop in the future, with these key advancements forming the foundation for further growth.

Scale and Infrastructure

Industrial Park No. I in Hung Yen Province is attracting substantial investment, with an area of up to 263.85 hectares, making it one of the largest industrial parks. The park has a fully developed infrastructure, including roads, electricity, water, and wastewater treatment systems. These facilities meet the production and business needs of companies.

Amenity	Description
Roads	Internal road system connected to main routes
Electricity Supply	Stable power supply meeting production needs
Water Supply	Clean water supply and compliant wastewater treatment system
Other Facilities	Telecommunications, hotels, canteens, banks

Major Industries at the Industrial Park

Industrial Park No. I in Hung Yen Province is an industrial production center, hosting various key industries. Many domestic and foreign companies have chosen this location to invest and expand their operations.

Key industries in Industrial Park No. I include:

Electronics industry
Precision mechanics
Garment manufacturing
Component manufacturing
Plastics industry
Other supporting production fields

With its modern infrastructure and attractive investment environment, Industrial Park No. I has attracted many corporations and large enterprises to invest and expand production.

Industry	Proportion
Electronics	35%
Precision Mechanics	25%
Garment Manufacturing	20%
Components and Plastics	20%

Attractive Investment Environment

Industrial Park No. I in Hung Yen Province is an ideal destination for investors. Hung Yen Province has implemented several incentive policies to attract businesses to invest and develop here.

Attractive Investment Incentives

The Hung Yen provincial government has issued various incentives aimed at attracting investors to Industrial Park No. I. These policies include:

Tax incentives, such as corporate income tax exemptions and reductions for the first few years
Land support, including favorable land lease rates and infrastructure support
Comprehensive infrastructure services such as electricity, water, and convenient transportation

Abundant and Quality Workforce

Labor is an advantage at Industrial Park No. I in Hung Yen Province. The province offers a large, young, and skilled labor force, meeting the staffing needs of businesses. With an attractive investment environment and high-quality labor, Industrial Park No. I in Hung Yen Province is a promising destination. It provides a favorable investment environment, incentive policies, and labor resources, making it an appealing location for both domestic and international investors.

Future Development Potential

With a strategic location and modern infrastructure, Industrial Park No. I in Hung Yen Province continues to attract investment projects. Both domestic and international businesses will continue to invest here.

Key factors driving the development potential of Industrial Park No. I:

Strategic location within Vietnam’s key economic zone, attracting business investment
Integrated transportation network, conveniently connected to other areas, facilitating the transport of goods, materials, and labor
Attractive investment incentive policies, such as tax exemptions and reductions, infrastructure and service support, creating a favorable investment environment
Abundant and high-quality workforce with competitive labor costs, meeting investor needs

Industrial Park No. I in Hung Yen Province will remain an attractive destination, promoting future development in Hung Yen Province and the Northern region of Vietnam. With its current advantages, Industrial Park No. I in Hung Yen Province is expected to welcome more new investment projects in the near future.

Role of the Industrial Park in the Local Economy

Industrial Park No. I in Hung Yen Province is a key growth driver. Its businesses have significantly contributed to GDP and created thousands of jobs.

Contribution to the Province’s GDP

The companies in Industrial Park No. I generate substantial economic value and play a crucial economic role. In 2021, the industrial park contributed approximately 35% of the province’s GDP.

Year	GDP Contribution	Growth (%)
2019	32%	8.5%
2020	34%	7.2%
2021	35%	9.1%

The businesses in the industrial park are constantly growing. Industrial Park No. I’s economic role is increasingly affirmed, contributing significantly to the province’s GDP. The park has become a focal point for attracting investment and driving the socio-economic development of Hung Yen Province.

Notable Companies in the Industrial Park

Industrial Park No. I in Hung Yen Province has attracted many major corporations. Brands like Intel, Samsung, Canon, Panasonic, and Foxconn have contributed to the prominence of this industrial park.

These notable companies in Industrial Park No. I not only provide high-quality products but also create thousands of jobs for local workers. The presence of leading global corporations demonstrates the potential of this industrial park.

Industrial Park No. I offers an attractive investment environment and modern infrastructure, complemented by favorable policies, making it an ideal destination for notable companies. The growth of businesses here brings economic benefits to the local area, elevating its status and creating new momentum for Hung Yen’s economic growth.

Other Industrial Zones

FAQ

What are the notable features of Industrial Park No. I in Hung Yen Province?
Industrial Park No. I is a large and modern industrial park with a favorable geographic location and good transportation connectivity. It has integrated infrastructure, attracting numerous domestic and international businesses.

What is the geographic location of Industrial Park No. I?
Industrial Park No. I is located in An Thi and Kim Dong Districts, Hung Yen Province, about 3 km from Hung Yen City center. This location is advantageous for transportation, with connections to major routes.

What is the scale and infrastructure of Industrial Park No. I?
Industrial Park No. I spans approximately 263.85 hectares and includes infrastructure such as roads, stable electricity, clean water, and wastewater treatment to meet production needs.

What are the main industries in Industrial Park No. I?

The park’s industries include electronics, precision mechanics, garment manufacturing, component production, and plastics. Many domestic and international corporations have invested in this area.

What makes Industrial Park No. I an attractive investment environment?
The park offers tax, land, and infrastructure utility incentives. Hung Yen Province provides a large and skilled labor force, meeting the demands of businesses.

Does Industrial Park No. I have development potential in the future?
With its strategic location and modern infrastructure, Industrial Park No. I is expected to continue attracting investment. The area is anticipated to experience strong growth in the future.

What role does Industrial Park No. I play in the local economy?
Industrial Park No. I is a key growth driver. Its production and business activities have significantly contributed to the GDP and created jobs for local workers.

What are some notable companies operating in Industrial Park No. I?
The industrial park has attracted several large corporations, including Intel, Samsung, Canon, Panasonic, and Foxconn. Their presence has elevated the area’s reputation.