Tien Phong Industrial Park in Thai Binh Province

Key Highlights of Tien Phong Industrial Park

• Strategic location within the Thai Binh Economic Zone with perfect transportation connectivity.
• Synchronous and modern technical infrastructure developed to international standards.
• Reputable developer, Viglacera, with extensive experience in IP development.
• Highly attractive investment incentives exclusive to the Economic Zone.
• Abundant labor force with competitive labor costs.
• A professional investment environment featuring a “one-stop” support service.
• Focus on attracting multi-disciplinary, high-tech, and sustainable industries.

Strategic Geographical Location: The Heart of the Coastal Economic Corridor

Tien Phong Industrial Park boasts an exceptionally advantageous geographical location, a key factor that creates its appeal and outstanding competitive edge.

• Specific Location: The IP is located in Dong Co, Dong Lam, Tay Giang, and Tay Son communes of Tien Hai district, Thai Binh province. This location is not only within the Thai Binh Coastal Economic Zone but is also a critical link in the Northern Bay Coastal Economic Corridor. This strategic corridor connects the largest coastal economic centers in the North, from Quang Ninh, Hai Phong, Thai Binh, Nam Dinh, and Ninh Binh to Thanh Hoa, creating an integrated production and supply chain.
• Significance of Connectivity: The transportation convenience of Tien Phong IP goes beyond mere distance listings; it carries profound strategic meaning. Its proximity to the coastal highway and easy connection to the Hanoi – Hai Phong – Quang Ninh Expressway allow goods from the IP to be transported swiftly to the largest consumer markets in the North and to international gateways. In particular, the distance of only 40 km to Lach Huyen International Deep-Water Port (Hai Phong)—the largest international gateway port in Northern Vietnam—is a “golden” advantage. It allows large mother vessels to dock, enabling businesses to save significant logistics costs and time when exporting and importing goods directly to American and European markets.

Connectivity Distance Summary Table

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History of Formation and Viglacera’s Development Vision

Tien Phong Industrial Park received its investment policy approval from the Prime Minister in Official Letter No. 972/TTg-CN dated July 7, 2017. The IP’s inception is tied to two major strategies: the government’s strategy for developing the Thai Binh Economic Zone and Viglacera Corporation’s strategy for expanding and developing new-generation industrial parks.

With over 20 years of experience in industrial real estate, Viglacera does more than just build infrastructure. Viglacera’s vision for Tien Phong is to create a comprehensive industrial ecosystem based on the “Industry – Township – Service” model. This model consists of three closely linked pillars:

1. Industry Pillar: Tien Phong IP itself, with modern technical infrastructure attracting high-tech manufacturing plants.
2. Township Pillar: The development of townships, social housing areas, and expert residences adjacent to the IP. This not only solves the housing issue for workers but also creates a stable, civilized residential community, helping businesses retain talent.
3. Service Pillar: The provision of accompanying social amenities such as schools, hospitals, commercial centers, entertainment areas, and logistics services to meet the needs of both the IP and the township.

This model creates a sustainable development cycle: the IP attracts investment and creates jobs -> workers have demand for housing and services -> the township and services develop -> the living and working environment improves -> the IP becomes even more attractive to investors and high-quality labor. This is the long-term vision that Viglacera is pursuing at Tien Phong.

Target Industries: Diversification to Create Value Chains

Tien Phong IP does not attract investment indiscriminately but focuses on sectors capable of creating value chains and complementing each other.

Table of Priority Industries for Investment in Tien Phong IP

In-depth Analysis of Key Target Industry Groups:

• Electronics and High-Tech Group: Northern Vietnam has formed a massive “electronics cluster” with factories from Samsung (Bac Ninh, Thai Nguyen), LG (Hai Phong), and numerous satellite suppliers. The location of Tien Phong IP allows investors to easily join this supply chain, leveraging existing logistics infrastructure and an experienced workforce.
• Agro-Processing & Consumer Goods Group: Thai Binh is a major rice basket of the country and also has strengths in livestock and coastal aquaculture. Locating processing plants in Tien Phong IP helps businesses access fresh, abundant local raw materials, reducing transportation and storage costs, thereby enhancing product quality and competitiveness.
• Textile & Supporting Industries Group: Unlike traditional textiles, Tien Phong IP targets high-tech, automated textile and dyeing projects that are less labor-intensive. It especially encourages projects producing raw materials (fabric, yarn, thread, buttons, etc.) to reduce reliance on imports and complete Vietnam’s textile value chain.

Environment and Technical Infrastructure: The Foundation for Sustainable Development

Infrastructure quality is a top commitment from Viglacera. Every component is meticulously invested in to be superior, providing absolute peace of mind for investors.

• Power Supply System: The power supply is not only guaranteed in capacity through a 2×63 MVA substation but is also designed with a loop circuit to ensure a continuous, stable supply even if one branch fails. This is a vital factor for high-tech manufacturing industries that require 24/7 production lines.
• Clean Water Supply System: A water treatment plant with a capacity of 30,000 m³/day uses advanced technology to ensure water quality meets Ministry of Health standards, serving not only production but also the daily needs of experts and workers.
• Wastewater Treatment System: This is a proud feature of the IP. The centralized wastewater treatment plant is a major investment, featuring modern biological and physicochemical treatment technology. The commitment to treat effluent to meet Column A standards of QCVN 40:2011/BTNMT—the highest standard in Vietnam—not only demonstrates environmental responsibility but also serves as a crucial “passport” for products made in the IP to meet strict environmental (ESG) standards of demanding markets like the US, EU, and Japan.
• Green Landscape and Environment: With over 10% of its area dedicated to greenery and water surfaces, Tien Phong IP aims for an “Eco-Industrial Park” model. This creates a fresh working environment, reduces stress, increases labor productivity, and demonstrates a commitment to sustainable development from both the developer and the businesses operating within.

Infrastructure Technical Specifications Summary

Investment Attraction Potential: The Synergy of Policy and People

Special Investment Incentives

The incentives at Tien Phong IP are not just numbers on paper; they are real competitive advantages that help investors optimize cash flow and business efficiency, especially during the initial project phases.

Summary of Investment Incentives

The Labor Force: Thai Binh’s “Gold Mine”

Thai Binh’s labor advantage lies not only in its large numbers but also in its quality.

• Tradition of Learning: Thai Binh is a land with a strong academic tradition. Its people have a good cultural foundation and are intelligent and quick to learn new science and technology.
• Education System: The province has a diverse system of educational institutions, from universities to colleges and vocational training centers, such as Thai Binh University, Thai Binh University of Medicine and Pharmacy, and various colleges. This system provides a source of skilled labor, from engineers and graduates to technical workers.
• Commitment to Human Resource Development: Thai Binh province and Viglacera have strong cooperation programs with training institutions to develop “customized training” programs that precisely meet the labor needs of businesses in the IP. This helps investors shorten the time and cost of retraining.

Role and Future Orientation: Towards a Green, Smart Industrial Park

The presence of Tien Phong IP is a powerful catalyst, driving the economic breakthrough of Thai Binh. In the future, the IP’s development orientation is even more ambitious: to become a Smart & Sustainable Industrial Park.

This orientation will be realized through concrete actions:

• Smart Management: Applying IoT (Internet of Things) technology to monitor and operate the entire IP infrastructure, from the power and water systems to wastewater treatment, security, and traffic. This optimizes operational efficiency and ensures rapid incident response.
• Green Energy: Encouraging and facilitating factories to install rooftop solar power systems. Viglacera will also pioneer the use of renewable energy for public areas within the IP.
• Circular Economy: Promoting collaborative models among businesses in the IP to reuse and recycle each other’s waste, forming closed-loop production chains and minimizing environmental emissions.

Conclusion

Tien Phong Industrial Park is not merely a plot of land with leasable infrastructure. It is a comprehensive investment product, a total solution, and a long-term commitment of partnership from Viglacera and the Thai Binh provincial government to investors. With a convergence of strategic location, superior infrastructure, special investment incentives, and a quality labor force, Tien Phong IP is undoubtedly a smart choice, an ideal and sustainable investment destination, ready to become a second home for global corporations on their journey to conquer the Vietnamese and world markets.

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FAQ – Frequently Asked Questions

1. Where is Tien Phong Industrial Park located?
   Tien Phong IP is located in Tien Hai district, Thai Binh province, within the Thai Binh Coastal Economic Zone. It is about 40 km from Hai Phong’s international seaport and 35 km from Cat Bi Airport.
2. Who is the developer of Tien Phong Industrial Park?
   The developer is Viglacera Corporation – JSC, one of Vietnam’s leading and most reputable brands in industrial real estate development.
3. What are the key investment incentives at Tien Phong IP?
   Investors enjoy the highest level of incentives: a 10% CIT rate for 15 years, a 4-year tax exemption, and a 50% tax reduction for the next 9 years, along with significant incentives on land rent and import taxes.
4. What is the technical infrastructure like at Tien Phong IP?
   The IP features modern, synchronous infrastructure, including a large-capacity power substation, a 30,000 m³/day clean water plant, and a centralized wastewater treatment plant that meets Grade A standards.
5. What industries does Tien Phong IP prioritize?
   The IP prioritizes high-tech, environmentally friendly industries such as electronics, precision mechanics, renewable energy, and supporting industries.

6. What is the labor situation and cost like?

   Thai Binh province has an abundant labor force (approx. 1.2 million people of working age) known for being diligent and eager to learn. Labor costs are considered more competitive than in nearby hubs like Hanoi and Hai Phong.

7. Is the investment process in Tien Phong IP complicated?
   The process is very smooth. The developer, Viglacera, provides a “one-stop” service, offering free and prompt support for all necessary legal procedures, from licensing to operation.
8. Are there amenities and housing for workers?
   Yes. As part of its master plan, Tien Phong IP focuses on developing utility service areas and housing for workers and experts under the “Industry – Township – Service” model to create a complete living and working environment.
9. What is the IP’s wastewater treatment standard?
   Industrial wastewater is treated centrally at the IP’s plant, ensuring it meets Column A of the National Technical Regulation QCVN 40:2011/BTNMT before discharge. This meets the strict ESG requirements of international markets.
10. What is the total area and land lease term in the IP?
    The total planned area of the IP is 466 hectares. The land lease term for investors is 50 years from the date the Investment Registration Certificate is issued, and it can be extended in accordance with the law.