Minh Quang Industrial Park in Hung Yen Province
Minh Quang Industrial Park is located in Hung Yen Province and serves as a modern industrial production center. This area features comprehensive infrastructure and attractive investment incentive policies. As a result, Minh Quang I.P is attracting numerous domestic and international businesses to invest and develop their production facilities.
Key Highlights
- A modern industrial park with well-developed infrastructure
- Strategic location near major transportation routes and neighboring provinces
- Attractive investment incentives that appeal to many investors
- Abundant, high-quality workforce
- A dynamic and efficient investment environment
Geographic Location of Minh Quang Industrial Park
Minh Quang Industrial Park is located in Bach Sam Commune, My Hao District, Hung Yen Province, situated between Hanoi, Hai Duong, and Hai Phong. This strategic location offers businesses regional connectivity advantages and convenient transportation links.
Bordering Neighboring Provinces
Minh Quang I.P is located on a major transportation corridor, enabling easy connections with neighboring provinces. The industrial park is close to:
- Hanoi Province – The political, economic, and cultural center of the country.
- Hai Duong Province – One of the regions with a strong, developing economy.
- Hai Phong City – A major seaport and an important logistics hub in Vietnam.
Connected to Major Transportation Arteries
Minh Quang I.P is near key transportation arteries such as highways, railways, and seaports. This offers favorable conditions for the transport of goods and provides access to large consumer markets.
The geographic location of Minh Quang I.P is a major competitive advantage, allowing businesses to easily connect with key economic centers and access raw materials and consumer markets.
Vị trí địa lý tỉnh Hưng Yên
History of Formation and Development
Minh Quang Industrial Park is a highlight of Hung Yen Province. Established in 1998, it initially spanned only 154 hectares. However, over the years, with efforts from both the local government and businesses, Minh Quang I.P has expanded and developed.
Today, Minh Quang I.P attracts a diverse range of businesses across various industries. Its growth has significantly contributed to the socio-economic development of Hung Yen Province.
Minh Quang I.P is an exemplary model of effective cooperation between local authorities and businesses, helping to drive the socio-economic growth of Hung Yen Province. Over the years, it has established itself as a reliable destination for both domestic and foreign investors.
Scale and Modern Infrastructure
Minh Quang I.P in Hung Yen Province is drawing substantial investment due to its large scale and modern infrastructure. It has become a key investment highlight, attracting both domestic and international investors.
Industrial Park Area
Minh Quang I.P covers an area of 154 hectares, with 450 hectares designated for industrial production land. Its large scale offers ample space for businesses to set up production and business activities.
Transportation and Power Supply Systems
Minh Quang I.P has integrated transportation, power supply, water, telecommunications, and auxiliary facilities. These resources meet the needs of businesses, increase competitiveness, and attract investors.
Minh Quang I.P is a standout in Hung Yen Province, with its large scale and modern infrastructure creating an ideal investment environment for businesses.
Main Manufacturing Sectors
Minh Quang I.P in Hung Yen Province stands out in key manufacturing sectors such as manufacturing and supporting industries. Many leading companies in these sectors have chosen Minh Quang as their investment destination, helping to drive the park’s growth.
Manufacturing Industry
Minh Quang I.P attracts many companies specializing in the production of components, parts, and machinery. Factories here produce a wide range of products, including automotive parts, medical equipment, electronic tools, and other industrial products.
Supporting Industry
Additionally, Minh Quang I.P is an ideal destination for businesses in the supporting industry. Service providers, material suppliers, and parts manufacturers have established production facilities here, optimally supporting factories within the park.
Minh Quang I.P plays an important role in attracting and developing key manufacturing sectors, such as manufacturing and supporting industries, contributing to local economic growth.
Favorable Investment Environment
Minh Quang Industrial Park in Hung Yen Province not only enjoys a strategic location but also provides an attractive investment environment that investors find advantageous.
Attractive Investment Incentives
Local authorities have introduced numerous investment incentives to attract investment into Minh Quang I.P. Investors benefit from tax exemptions, land lease reductions, and infrastructure utilities.
This helps reduce costs and create favorable conditions for business development.
Abundant, High-Quality Workforce
Minh Quang I.P benefits from an abundant and high-quality labor force. Hung Yen Province has a well-developed education system, providing a well-trained workforce to meet business needs.
| Investment Incentive | Benefits |
| Tax exemptions and reductions | Reduces financial burden for businesses |
| Land support | Facilitates production activities |
| Provision of infrastructure | Enhances business efficiency |
With a favorable investment environment, attractive incentives, and an abundant workforce, Minh Quang I.P attracts investors, making it an appealing destination for many.
Notable Companies
Minh Quang Industrial Park in Hung Yen Province has attracted many notable domestic and international companies. Major brands like Samsung, Hai Phong, Dai Duong, and Asia have enhanced Minh Quang I.P’s reputation.
Samsung Electronics Vietnam Co., Ltd. – a leading electronics manufacturer – has chosen Minh Quang I.P for its investment. Samsung’s presence has created numerous jobs and fostered the growth of supporting industries.
Other companies, including Hai Phong Group, Dai Duong Plastics Manufacturing Co., Ltd., and Asia Mechanical Co., Ltd., also operate in Minh Quang I.P, contributing to the region’s diversity and competitiveness.
| Company | Sector | Scale |
| Samsung Electronics Vietnam Co., Ltd. | Electronics | Large Corporation |
| Hai Phong Group | Supporting industry | Medium |
| Dai Duong Plastics Manufacturing Co., Ltd. | Plastic production | Medium |
| Asia Mechanical Co., Ltd. | Mechanical engineering | Medium |
These notable companies have elevated the status of Minh Quang I.P, turning the area into a vibrant and competitive industrial center in Hung Yen Province.
Role and Contribution of the Industrial Park
Minh Quang Industrial Park is an important production center in Hung Yen Province. It attracts many businesses and creates employment for thousands of people, while also increasing provincial revenue.
The development of Minh Quang I.P has enhanced Hung Yen Province’s appeal to investors. With modern infrastructure and attractive incentives, this industrial park has attracted major businesses, creating a value chain that promotes the manufacturing and supporting industries.
Minh Quang I.P has also improved the quality of life for local residents by creating job opportunities, increasing income, and improving living standards. This contributes to social stability, public order, and the sustainable development of Hung Yen Province.
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FAQ
Where is Minh Quang Industrial Park located?
Minh Quang I.P is located in Bach Sam Commune, My Hao District, Hung Yen Province, approximately 50km north of Hanoi.
What are the advantages of Minh Quang I.P?
Minh Quang I.P enjoys a strategic location, connecting it with major economic centers. It also has a modern infrastructure system and attractive investment incentives.
What is the area of Minh Quang I.P?
Minh Quang I.P covers an area of 154 hectares.
What are the main manufacturing sectors in Minh Quang I.P?
Minh Quang I.P focuses on manufacturing, producing components, parts, and machinery, as well as supporting industries.
Which notable companies have invested in Minh Quang Industrial Park?
Minh Quang Industrial Park has attracted many reputable companies, including Samsung Vietnam, Hai Phong Group, Dai Duong Plastics, and Asia Mechanical.