Industrial Park No. V in Hung Yen Province

Key Highlights

• Convenient location with well-connected transportation
• Modern infrastructure and expansive area
• Attractive investment incentives and investor-friendly environment
• Abundant workforce and strong development potential
• Significant role in promoting local economic growth

Geographic Location of Industrial Park No. V

Industrial Park No. V is situated along the highway connecting two expressways on Ly Thuong Kiet Street, An Thi District, Hung Yen Province. Its strategic location offers excellent transportation connectivity, being close to major highways, railways, and large seaports. This proximity enhances access to neighboring provinces such as Hanoi, Hai Duong, and Hai Phong.

Convenient Transportation Connectivity

Industrial Park No. V boasts a synchronized, modern transportation network that includes:

• Hanoi-Hai Phong Expressway, approximately 15 km away
• North-South railway and intra-provincial routes, providing easy connections
• Approximately 40 km from Noi Bai International Airport and Hai Phong Seaport

Proximity to Neighboring Provinces

The geographic location of Industrial Park No. V allows for proximity to rapidly developing provinces, creating significant opportunities for transportation connectivity and close ties with adjacent provinces.

The advantageous geographic location of Industrial Park No. V is a key factor in attracting investors to Hung Yen.

Industrial Park No. V has drawn numerous domestic and foreign investment projects, contributing to Hung Yen’s importance in the industrial sector. Over more than a decade, it has developed into an attractive and reliable investment destination.

Vị trí địa lý tỉnh Hưng Yên

Scale and Modern Infrastructure

Industrial Park No. V in Hung Yen Province spans an area of over 400 hectares, providing an ideal setting for business growth.

Integrated Transportation System

Industrial Park No. V has invested in a synchronized transportation network that includes roads, rail, and modern logistics services, helping businesses save time and reduce costs.

The extensive scale and modern infrastructure of Industrial Park No. V make it attractive to domestic and international investors alike.

Key Industries in the Industrial Park

Industrial Park No. V attracts numerous businesses operating in key industries such as processing, manufacturing, high-tech, and supporting industries. These sectors are strongly supported by the Government and local authorities.

Processing and Manufacturing Industry

Processing and manufacturing businesses, including those producing automobiles, electronics, machinery, electrical equipment, textiles, and household goods, are investing heavily in Industrial Park No. V. The modern infrastructure enables them to increase productivity and efficiency.

High-Tech and Supporting Industries

The industrial park also attracts companies in high-tech and supporting industries, specializing in manufacturing components, parts, and providing support services. This helps enhance product value and increase competitiveness.

Industrial Park No. V is emerging as an attractive destination for businesses in processing, manufacturing, high-tech, and supporting industries, thanks to its industry diversity, modern infrastructure, and transportation connectivity.

About Industrial Park No. V in Hung Yen Province

Industrial Park No. V in Hung Yen Province is a modern industrial center located in Northern Vietnam. With advanced infrastructure and a friendly investment environment, the park attracts numerous investors.

Built to become an industrial beacon for Vietnam, Industrial Park No. V offers competitive advantages:

• Favorable geographic location with synchronized transportation links to neighboring provinces
• Modern infrastructure meeting the operational needs of businesses
• Friendly investment environment with attractive incentive policies
• Abundant and high-quality workforce

As a result, Industrial Park No. V is gaining interest from both domestic and international investors.

With its numerous advantages and growth potential, Industrial Park No. V is expected to stimulate the socio-economic development of Hung Yen Province and Northern Vietnam.

Friendly Investment Environment

Industrial Park No. V in Hung Yen Province offers a friendly investment environment with maximum support for investors. The local government has implemented attractive investment incentive policies, including tax exemptions, legal support, and infrastructure assistance.

Attractive Investment Incentives

Industrial Park No. V provides attractive investment incentives that support business growth, including:

• Tax exemptions and reductions as per investment law
• Legal support and administrative assistance
• Provision of modern technical infrastructure
• Assistance in sourcing high-quality labor

Maximum Support for Investors

The government of Hung Yen Province is committed to fostering a friendly investment environment, offering maximum support to investors. Investors at Industrial Park No. V benefit from numerous support services:

1. Legal consultation and investment procedure support
2. Guidance on infrastructure and utilities
3. Connections with a high-quality labor force
4. Opportunities for new investments

With these incentives and maximum support, Industrial Park No. V is a prime destination for domestic and international investors, providing an excellent investment environment.

Industrial Park No. V is an excellent choice for investors, offering a friendly investment environment and attractive incentives.

Abundant Workforce

Industrial Park No. V in Hung Yen Province benefits from an abundant labor force with essential skills to meet the demands of businesses within the park.

Hung Yen Province offers multiple workforce advantages:

• Numerous universities, colleges, and vocational schools supply skilled talent for investors
• A plentiful labor force with appropriate qualifications, ready to meet business requirements
• Competitive labor costs compared to neighboring areas

Industrial Park No. V is attracting numerous investors, particularly in processing, manufacturing, and high-tech sectors.

Industrial Park No. V’s quality workforce and competitive costs make it an excellent choice for companies looking to expand production and business operations.

Future Development Potential

Industrial Park No. V in Hung Yen Province has achieved significant success and is planning further expansion to attract more foreign investment, supporting the socio-economic growth of Hung Yen Province.

Expansion Plans

Industrial Park No. V is expanding its area to meet investor demand, with additional factories, warehouses, and modern infrastructure planned. This will enable greater scale and capacity.

Attraction of Foreign Investment

The park is actively working to attract foreign investment by enhancing the investment environment, simplifying administrative procedures, and offering extended incentives to potential investors.

With its strategic location, convenient transportation, and support from the local government, Industrial Park No. V is expected to attract numerous foreign investment projects.

Role of the Industrial Park in Local Economic Development

Industrial Park No. V plays a crucial role in the economic development of Hung Yen Province. Businesses in the park not only create numerous jobs but also provide stable incomes for local residents. They contribute to GDP growth, increase tax revenue, and improve infrastructure.

The industrial park has attracted a significant local workforce, helping reduce unemployment and improve living standards. The businesses here also contribute substantially to the provincial budget, enabling further investment in infrastructure and public services.

Industrial Park No. V is a major driver of local economic development, significantly contributing to the growth and improvement of Hung Yen Province’s living standards.

Industrial Park No. V is not only a hub for production enterprises but also a center that generates employment, income, and economic development for Hung Yen Province.

Conclusion

Industrial Park No. V in Hung Yen Province is a vital industrial center with a strategic location and modern infrastructure. The attractive investment environment and high-quality workforce are also key strengths.

This industrial park attracts many domestic and international investors. Its development will drive economic growth and enhance quality of life, promising significant advancements for Hung Yen Province.

Industrial Park No. V is establishing its role as an attractive destination for investors, contributing to the sustainable development of Hung Yen Province and Northern Vietnam.

Other Industrial Zones

• Clean Industrial Park In Hung Yen Province
• Industrial Park No. 1 In Hung Yen Province
• Industrial Park No. 3 In Hung Yen Province
• Industrial Park No. 5 In Hung Yen Province
• Industrial Park No. 6 In Hung Yen Province
• Kim Dong Industrial Park In Hung Yen Province
• Ly Thuong Kiet Industrial Park In Hung Yen Province
• Minh Duc Industrial Park In Hung Yen Province
• Minh Quang Industrial Park In Hung Yen Province
• Pho Noi A Industrial Park In Hung Yen Province
• Tan A Dai Thanh Industrial Park In Hung Yen Province
• Tan Dan Industrial Park In Hung Yen Province
• Thang Long II Industrial Park In Hung Yen Province
• Tho Hoang Industrial Park In Hung Yen Province
• Yen My II Industrial Park In Hung Yen Province
• Yen My Industrial Park In Hung Yen Province

FAQ

What is Industrial Park No. V in Hung Yen Province?
Industrial Park No. V is an important industrial center in Northern Vietnam with a strategic location, advanced infrastructure, and an attractive investment environment, drawing numerous domestic and international investors.

What is the geographic location of Industrial Park No. V?
Industrial Park No. V is located along the highway connecting two expressways on Ly Thuong Kiet Street, An Thi District, Hung Yen Province. It has a synchronized transportation system, connected to highways, railways, and seaports, facilitating economic activity and trade.

What is the development history of Industrial Park No. V?
Industrial Park No. V was established in 2010 and has been developed by the local government. Over the years, it has grown significantly, attracting numerous investment projects.

What is the scale and infrastructure of Industrial Park No. V?
Covering over 400 hectares, Industrial Park No. V has invested in a modern transportation system, creating a favorable environment for production and logistics.

What are the main industries at Industrial Park No. V?

Industrial Park No. V attracts numerous companies in processing, manufacturing, and high-tech sectors, which are key industries supported by the Government and local authorities.

What is the investment environment like at Industrial Park No. V?
Industrial Park No. V provides a friendly investment environment, with local government policies such as tax exemptions, legal support, and infrastructure, to attract businesses.

What is the workforce at Industrial Park No. V like?
Industrial Park No. V has an abundant labor force. The local workforce is well-trained to meet business needs.

What is the future development potential of Industrial Park No. V?
The park is planning expansion and attracting additional foreign investment projects, promoting socio-economic growth in Hung Yen Province.

What role does Industrial Park No. V play in local economic development?
Industrial Park No. V plays a key role in Hung Yen Province’s economic development by creating jobs, income, GDP growth, tax revenue, and infrastructure improvements.