Tien Hai Industrial Zone in Thai Binh Province
Tien Hai Industrial Zone, located in Thai Binh Province, is attracting many investors. Its favorable geographical location and synchronized infrastructure make this industrial zone appealing. Incentive policies also help this area become an industrial production center.
Key Highlights:
- Favorable geographical location, connecting with neighboring provinces
- Synchronized infrastructure, meeting industrial production demands
- Attractive investment incentives, helping to attract investors
- Abundant human resources, with a young and dynamic workforce
- Favorable investment environment, supported by local government
Geographical Location of Tien Hai Industrial Zone
Tien Hai I.Z is situated in Dong Co, Dong Lam, Tay Giang, and Tay Son communes, Tien Hai District, Thai Binh Province. Its geographical location is very advantageous, being only about 120 km north of Hanoi, and this area has great potential. This is due to its developed road, railway, and waterway transportation systems. These advantages greatly facilitate regional connectivity and goods transportation.
Convenient Transportation Advantage
Tien Hai I.Z has a well-developed transportation system. This creates favorable conditions for regional connectivity and goods transportation.
Connection with Neighboring Provinces
Tien Hai I.Z is strategically located. It has the ability to connect the region with neighboring provinces such as Hai Phong, Ninh Binh, and Nam Dinh. This creates economic development opportunities for businesses. The strategic geographical location of Tien Hai I.Z provides a unique competitive advantage over other industrial zones in the area.
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Economic Development Potential of the Industrial Zone
Tien Hai Industrial Zone in Thai Binh Province has significant economic development potential. The favorable geographical location, good transportation, and abundant human resources make it attractive to investors. The industrial economy in this zone is rapidly developing, with industries such as mechanics, textiles, electronics, and wood. This not only helps economic development but also attracts investors, increasing the development potential of Thai Binh Industrial Zone.
| Key Industries | GDP Share |
| Mechanics | 25% |
| Textiles | 20% |
| Electronics | 15% |
| Wood Products | 12% |
Tien Hai I.Z has advantages in location, transportation, and human resources. It is developing strongly and becoming a highlight of economic development in Thai Binh Province. Tien Hai I.Z is one of the key drivers for economic development in Thai Binh Province in the upcoming period.
Overview of Tien Hai Industrial Zone in Thai Binh Province
Tien Hai I.Z, located in Thai Binh Province, is an attractive destination for investors. Known for its large scale and area, this industrial zone focuses on developing key industries. This makes it a dynamic and modern industrial production center.
Scale and Area of the Industrial Zone
Tien Hai I.Z covers an area of 466 hectares. This large scale creates many opportunities for investors.
Main Industries in the Industrial Zone
- Mechanics
- Electronics
- Textiles
- Component manufacturing
- Agricultural processing
- Wood products
The main industries in Tien Hai I.Z show diversity and potential, attracting many investors and businesses.
Attractive Investment Incentives
The government of Thai Binh Province has created many attractive investment incentives. This helps businesses enjoy various tax and fee incentives when investing in Tien Hai I.Z.
Tax and Fee Incentives
Investors will enjoy many incentives:
- Exemption from corporate income tax for the first 2-4 years depending on project scale
- A 50% reduction in corporate income tax for the next 4-9 years
- Exemption from import tax on machinery, equipment, and raw materials for production
- Exemption from investment license fees
With these incentives, Tien Hai I.Z is an ideal destination for investors seeking development opportunities in Vietnam. The incentive policies at Tien Hai I.Z create a difference, attracting the attention of many domestic and foreign investors.
Modern Infrastructure System
Tien Hai Industrial Zone proudly possesses synchronized technical and social infrastructure. It meets the production needs of businesses, including modern transportation, electricity, water, telecommunications, and other utilities.
Investment in technical infrastructure such as roads, railways, and seaports creates a developed transport network, connecting the industrial zone with domestic and international economic centers. Social infrastructure is also developed, including shopping centers, housing, hospitals, schools, and recreation areas. This improves the quality of life and attracts high-quality human resources.
Thanks to synchronized and modern infrastructure, Tien Hai I.Z attracts investors, ensuring an efficient production environment and enhancing labor productivity. The synchronization and modernization of infrastructure are key factors that make Tien Hai I.Z a bright spot on the industrial investment map of Vietnam.
Abundant Human Resources
Tien Hai Industrial Zone in Thai Binh Province benefits from abundant and high-quality labor resources. The workforce here is young, dynamic, and well-trained, effectively meeting the production needs of businesses.
Young and Dynamic Workforce
Thai Binh Province has a young labor force, with an average age within the working-age group. This gives businesses in the industrial zone a competitive edge, making it easy to recruit talent that meets modern production requirements.
- Average working age: 18-35 years
- Percentage of skilled labor: over 60%
- Quick, dynamic, and ready to adopt new technologies
The combination of a young, qualified, and dynamic workforce, along with support from the local government, creates an attractive investment environment, making Tien Hai I.Z appealing.
Favorable Investment Environment
Tien Hai Industrial Zone in Thai Binh Province boasts a favorable investment environment, thanks to support from the local government. Investors enjoy numerous incentives and professional services, facilitating their business operations and development.
Local Government Support
The government of Thai Binh Province consistently strives to maximize support for investors. They implement various incentive policies and improve infrastructure, aiding businesses in their operations and development.
- Administrative procedures are simplified, saving time and costs for investors.
- The local government provides professional support services, such as legal consulting, investment support, and industry networking.
- Security and safety systems are ensured, providing a safe working environment for businesses.
With the positive attention and active support from local authorities, Tien Hai I.Z becomes an attractive destination for investors seeking a favorable investment environment in Vietnam.
Sustainable Development Potential
Tien Hai I.Z has a strategic geographical location, modern infrastructure, and abundant human resources. This positions it for sustainable development potential in the future. The area is expected to attract many investors due to the following advantages:
- Convenient transportation, facilitating easy movement of raw materials and products.
- Modern industrial infrastructure, meeting the production needs of businesses.
- A young, dynamic, skilled workforce, fulfilling staffing requirements.
- Attractive investment incentives, reducing costs and increasing profits for businesses.
Tien Hai I.Z is expected to develop sustainably and attract many domestic and foreign investors. The local government actively supports continuous development, addressing diverse business needs. Tien Hai I.Z is the ideal destination for investors, helping to develop sustainable and efficient business operations.
Tien Hai Industrial Zone has distinct advantages. It will continue to affirm its role as a sustainable development area and attract investment projects in Thai Binh Province.
Conclusion
Tien Hai Industrial Zone in Thai Binh Province is becoming increasingly important. Its favorable geographical location, modern infrastructure, and investment incentives have attracted numerous projects, boosting the economy of Thai Binh Province.
The young and dynamic workforce, along with government support, creates favorable conditions for investment. Tien Hai I.Z promises many opportunities for businesses, driving economic growth in the region. It will remain an attractive destination in Northern Vietnam, contributing to the development of Thai Binh Province and the surrounding area.
Other Industrial Zones
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- Diem Dien Industrial Park In Thai Binh Province
- Gia Le Industrial Park In Thai Binh Province
- Lien Ha Thai Industrial Park In Thai Binh Province
- Nguyen Duc Canh Industrial Park In Thai Binh Province
- Phuc Khanh Industrial Park In Thai Binh Province
- Song Tra Industrial Park In Thai Binh Province
- Thanh Ne Industrial Park In Thai Binh Province
- Tien Hai Industrial Park In Thai Binh Province
- Tien Phong Industrial Park In Thai Binh Province
Frequently Asked Questions (FAQ)
Where is Tien Hai Industrial Zone located in Thai Binh Province?
Tien Hai I.Z is located in Dong Co, Dong Lam, Tay Giang, and Tay Son communes, Tien Hai District, Thai Binh Province. It is about 120 km north of Hanoi.
What transportation advantages does Tien Hai I.Z have?
This area has a developed transportation system, including roads, railways, and waterways. This facilitates connections with neighboring provinces such as Hai Phong, Ninh Binh, and Nam Dinh.
What is the economic development potential of Tien Hai I.Z?
This industrial zone has a strategic location and strong resources. It is expected to develop significantly in the future, with many thriving industries such as mechanics, textiles, electronics, and wood.
What is the scale and main industries of Tien Hai Industrial Zone?
This industrial zone covers an area of over 466 hectares, with main industries including mechanics, electronics, textiles, agricultural processing, and wood products.
What investment incentives are available at Tien Hai Industrial Zone?
To attract investment, Thai Binh Province offers various incentives, including exemptions and reductions in corporate income tax, import tax, and investment license fees for a specified period.
What is the technical and social infrastructure like in Tien Hai I.Z?
This industrial zone has good technical and social infrastructure that meets the production needs of businesses, including modern transportation, electricity, water, and telecommunications systems.
What is the workforce availability like in Thai Binh Province to serve Tien Hai I.Z?
Thai Binh Province has a young, dynamic, and skilled labor force that effectively meets the production needs of the industrial zone.
What support does the local government provide for investing in Tien Hai I.Z?
The Thai Binh government facilitates investment by providing attractive incentives and good administrative services.
What is the sustainable development potential of Tien Hai I.Z?
This industrial zone has advantages in location, infrastructure, and human resources, indicating strong sustainable development potential, making it an attractive destination for business investment.