Minh Duc Industrial Park in Hung Yen Province
Minh Duc Industrial Park is an essential industrial area in Hung Yen Province, strategically included in the province’s industrial development plan. With its strategic location, modern infrastructure, and attractive incentive policies, this industrial park creates opportunities for various businesses to invest.
Key Points to Note
- Minh Duc Industrial Park is part of Hung Yen’s industrial development strategy
- Strategic location with modern infrastructure and appealing incentive policies.
- Provides numerous investment opportunities for both domestic and international businesses.
- Advantages in transportation, workforce, and administrative support.
- Attracts many large companies investing in prioritized sectors.
Geographic Location of Minh Duc Industrial Park
Minh Duc Industrial Park is located in Minh Duc Commune, My Hao, Hung Yen. This location connects Minh Duc I.P to neighboring provinces such as Hanoi, Bac Ninh, Hai Duong, and Hai Phong.
Strategic Economic Development Zone
The area surrounding Minh Duc I.P is considered a strategic economic development zone in Hung Yen Province. It experiences rapid economic growth and attracts many domestic and international investors.
Convenient Transportation Links with Neighboring Provinces
Minh Duc I.P is surrounded by a comprehensive transportation network, including highways, national roads, and railways. This makes it easy for Minh Duc I.P to connect with major economic centers, enhancing its economic development potential.
The strategic location of Minh Duc I.P, combined with modern transportation infrastructure, provides a strong competitive advantage for businesses looking to invest here.
Vị trí địa lý tỉnh Hưng Yên
History of Formation and Development
Minh Duc Industrial Park was established in 2008 and has seen significant growth over the years. Initially, it was a small industrial area, but it has since expanded and improved its infrastructure. Many domestic and international businesses have invested here.
As a result, Minh Duc I.P has become a vital industrial center, contributing to the socio-economic development of Hung Yen Province. Its development results from the joint efforts of local authorities and businesses, attracting many investors.
Minh Duc I.P is a successful example of cooperation between local authorities and businesses, bringing mutual benefits. The history and development of Minh Duc I.P have aided in the economic growth of Hung Yen Province.
Scale and Potential of the Industrial Park
Minh Duc I.P in Hung Yen Province is attracting many investors due to its scale and development potential. This area covers nearly 198 hectares of planned land, divided into different functional zones.
Operational Area and Functional Zones
Minh Duc I.P is divided into the following areas:
- Production area with modern infrastructure, serving industries such as processing, mechanical engineering, electronics, and component manufacturing.
- Service area featuring logistics centers, warehouses, offices, and production support services.
- Housing area for workers and management staff.
- Public area with schools, hospitals, shopping centers, and other amenities.
Priority Industries and Investment Sectors
Minh Duc I.P has clearly defined priority sectors. Key industries include:
- Processing industry
- Mechanical engineering and component manufacturing
- Electronics and information technology
- Logistics and production support services
The strategic location, modern infrastructure, and incentive policies make Minh Duc I.P an attractive destination for investors. It is one of the top choices for companies looking to expand their production and business activities in Vietnam.
Modern Technical Infrastructure
Minh Duc Industrial Park is proud of its modern technical infrastructure, meeting business production needs. The area features an integrated transportation system, power supply, clean water, and waste management, all built to high standards, giving investors peace of mind.
Comprehensive Transportation Network
Minh Duc I.P boasts a modern transportation network with wide roads, ensuring smooth traffic flow. It also has railway and multimodal port connections, linking the industrial park to major economic centers.
Stable Power, Water Supply, and Waste Management
- Power: Minh Duc I.P has a stable power supply, meeting production demands.
- Water: A sufficient clean water supply ensures quality and suitable flow for business needs.
- Waste management: The park has standard wastewater and solid waste treatment systems to protect the environment.
With its modern technical infrastructure, integrated transportation, and stable power and water supplies, Minh Duc I.P is an ideal investment environment, promoting sustainable economic development in the region.
Strategic Location
Minh Duc Industrial Park is located in Hung Yen Province, northern Vietnam, a potential business and investment destination. Its strategic location, modern infrastructure, and incentive policies open up numerous opportunities for businesses.
Strategic Location
Located in the center of the Red River Delta, Minh Duc I.P is near major economic centers like Hanoi, Hai Phong, and Quang Ninh. This facilitates easy connections with many provinces, expanding business opportunities.
Modern Infrastructure
Minh Duc I.P is built with modern technical infrastructure. It meets business needs, from transportation to electricity, water, and waste treatment. This creates favorable conditions for production and business activities.
Investment Incentive Policies
Hung Yen Province and Minh Duc I.P have improved the investment environment. They offer incentives in taxes, financial support, land, and factories, attracting many companies to invest.
Minh Duc I.P in Hung Yen Province offers an unmissable investment opportunity with its strategic location, modern infrastructure, and attractive incentives.
Investment Incentive Policies
Minh Duc I.P in Hung Yen Province is an appealing location for businesses. The investment incentives here are very favorable, including tax exemptions, financial support, land, and factory assistance.
Tax Exemptions and Financial Support
Businesses investing in Minh Duc I.P receive many tax incentives, such as:
- Corporate income tax exemption for the initial years
- Reduced corporate income tax in subsequent years
- Financial support for investment activities, research, and development
Land and Factory Support
Minh Duc I.P also offers land and factory support, including:
- Providing clean land at preferential prices
- Building and leasing factories at reasonable rates
- Assisting with land and factory-related procedures
With diverse incentives, Minh Duc I.P offers businesses opportunities for efficient investment and development.
Favorable Business Environment
Minh Duc Industrial Park in Hung Yen Province provides a favorable business environment, benefiting investing businesses.
Abundant and Skilled Workforce
Minh Duc I.P stands out with its abundant labor force. Workers are well-qualified and skilled, meeting business demands. They are rigorously trained and ready to meet investor requirements.
Efficient Administrative Support
Businesses in Minh Duc I.P benefit from favorable administrative support policies. Investment, production, and business procedures are streamlined, saving time and costs for investors.
With its advantageous business environment, skilled workforce, and streamlined administrative support, Minh Duc Industrial Park in Hung Yen Province is an ideal location for investors looking to expand their production and business in Vietnam.
Businesses Investing in the Industrial Park
Minh Duc Industrial Park in Hung Yen Province has attracted many large corporations. Its strategic location, modern infrastructure, and attractive policies are the main reasons. Businesses investing in Minh Duc I.P contribute to the socio-economic development of the province.
Notable companies in Minh Duc I.P include:
- Samsung Vietnam Co., Ltd.
- Panasonic Vietnam Co., Ltd.
- Nidec Vietnam Co., Ltd.
- Denso Vietnam Co., Ltd.
These corporations have launched production and business projects, creating many new jobs and enhancing competitiveness. This contributes to the development of Hung Yen Province.
| Company Name | Industry | Scale |
| Samsung Vietnam Co., Ltd. | Electronics, household appliances | Large Corporation |
| Panasonic Vietnam Co., Ltd. | Household appliances, electronics | Large Corporation |
| Nidec Vietnam Co., Ltd. | Electric motor manufacturing | Large Corporation |
| Denso Vietnam Co., Ltd. | Automotive components manufacturing | Large Corporation |
Businesses investing in Minh Duc I.P not only create jobs but also increase income for workers. This helps make Hung Yen a leader in attracting investment and industrial development.
Investment and Development Opportunities
Minh Duc Industrial Park in Hung Yen Province offers numerous opportunities for businesses. Its strategic geographic location, convenient transportation links, modern infrastructure, and attractive incentive policies make it ideal for production and business projects.
Minh Duc I.P has significant development potential, with a large area and priority sectors such as mechanical engineering, electronics, and high technology. The favorable business environment, abundant labor, and administrative support from local authorities enhance these opportunities.
The location, infrastructure, and incentive policies attract many businesses. Investment opportunities in Minh Duc I.P provide access to markets, resource utilization, and sustainable development.
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 are the standout features of Minh Duc Industrial Park in Hung Yen Province?
Minh Duc I.P is located in Minh Duc Commune, My Hao, Hung Yen. It has modern infrastructure and attractive investment incentives, offering development opportunities for businesses.
What is the scale and potential of Minh Duc I.P?
Minh Duc I.P covers 198 hectares. Priority sectors include processing, mechanical engineering, electronics, and information technology.
What is the technical infrastructure of Minh Duc I.P like?
Minh Duc I.P has modern technical infrastructure, including transportation, electricity, clean water, and compliant waste treatment systems.
What investment incentive policies does Minh Duc I.P offer?
Minh Duc I.P offers various incentives, including tax exemptions, financial support, and access to land and factories at favorable rates.
What are the advantages of the business environment in Minh Duc Industrial Park?
The business environment here is favorable, with an abundant and skilled workforce and efficient support from local authorities.
Which companies have invested in Minh Duc Industrial Park?
Many large companies have invested here, such as Samsung Vietnam, Panasonic Vietnam, Nidec Vietnam, and Denso Vietnam.