Yen My II Industrial Park in Hung Yen Province
Yen My II Industrial Park is an important industrial production hub in the North. It has a strategic location, solid infrastructure, and attractive investment incentives. Many domestic and foreign enterprises have invested here, especially in the industrial sector.
Key Highlights
- Advantageous geographical location with multimodal transportation connectivity.
- Modern infrastructure, covering 280 hectares with full amenities.
- Attractive investment incentives.
- A favorable investment and business environment.
- Numerous prominent investment projects in industrial production sectors.
Geographical Location of Yen My II Industrial Park
Yen My II Industrial Park is located in Yen My District, Hung Yen Province, approximately 50 km north of Hanoi. This location offers significant advantages in transportation connectivity, facilitating the movement of goods and ease of travel for investors.
Convenient Transportation Connectivity
Yen My II I.P is near major highways, national roads, and railways, making it easily accessible to major economic centers. The area can access:
- The Hanoi – Hai Phong Expressway
- National Highways 5, 39, and 39B
- The Hanoi – Hai Phong Railway
Ideal Investment Environment
Yen My II I.P benefits from both transportation connectivity and an ideal investment environment. With its modern infrastructure and attractive investment incentives, the area draws many businesses. It is an appealing destination for both domestic and international enterprises.
Yen My II I.P is currently one of the most promising investment destinations in Hung Yen Province.
Vị trí địa lý tỉnh Hưng Yên
History of Formation and Development
Yen My II Industrial Park was established in 2005 as an extension of Yen My I Industrial Park. Over time, this industrial park has attracted numerous businesses, significantly promoting the industrial development of Hung Yen Province.
The formation of Yen My II has opened a new chapter for Hung Yen Province. This industrial park has attracted many investors, creating jobs and promoting local socio-economic growth. Through its development stages, Yen My II has become an important industrial park, contributing positively to the growth of Hung Yen Province.
The establishment and history of Yen My II have marked a new chapter in the industrialization and modernization process of Hung Yen Province.
Core Industries
Yen My II I.P, located in Hung Yen Province, is designed to become a center for manufacturing and high technology. Many large enterprises have chosen this location for their production.
Manufacturing and Processing Sector
Yen My II encompasses industries such as electronic components manufacturing, automotive production, textiles, and footwear. Large enterprises in these fields have selected Yen My II, leveraging its advantageous location and infrastructure.
High Technology Sector
Yen My II also attracts high-tech companies. Industries such as electronic equipment manufacturing, software development, and IT services are thriving here. These companies benefit from investment incentives.
| Core Industry | Example Enterprises |
| Electronic Components | Samsung, LG, Foxconn |
| Automotive Manufacturing | Toyota, Honda, Yamaha |
| Textiles and Footwear | Pouchen, Chih Kung, Tan Phuoc |
| High Technology | Intel, Microsoft, FPT Software |
Both domestic and foreign corporations have chosen Yen My II, transforming it into a center for manufacturing and high technology.
Modern Infrastructure
Yen My II I.P boasts a modern infrastructure system that meets all business needs. The facilities are comprehensively developed, creating an ideal investment environment.
Transportation within the park is meticulously planned, with quick connections to economic centers. Systems for electricity, water, telecommunications, and wastewater treatment have been developed, providing convenience and peace of mind for investors.
| Utility | Description |
| Transportation | Modern road network, quickly connected to key economic centers |
| Electricity, Water | High-capacity electricity and water supply systems |
| Telecommunications | Modern telecommunications infrastructure ensuring reliable connectivity |
| Wastewater Treatment | A comprehensive wastewater treatment system ensuring a clean production environment |
With its modern amenities, Yen My II I.P attracts many enterprises, creating an ideal investment environment.
Overview of Yen My II Industrial Park in Hung Yen Province
Yen My II Industrial Park is a major industrial hub in the North, located in Hung Yen Province. Its strategic location, modern infrastructure, and attractive investment policies draw many businesses.
The industrial park has been developed to attract investors, particularly in the fields of manufacturing and high technology. Over the years, it has contributed to the economic development of Hung Yen Province.
Convenient Location and Transportation Connectivity
Yen My II I.P is centrally located in Hung Yen Province, 50 km north of Hanoi. This location allows businesses to easily connect with major economic centers via road, rail, and water transport.
| Transportation Connectivity | Features |
| Road | Connected to National Highways 5, 39, and the Hanoi – Hai Phong Expressway |
| Rail | Linked to the North-South Railway and the Hanoi – Hai Phong Railway |
| Water | Near major seaports such as Hai Phong and Cai Lan |
The modern transportation infrastructure makes Yen My II I.P attractive to investors, allowing them to access both domestic and international markets.
Yen My II I.P is one of the prominent investment attractions in Hung Yen Province due to its advantageous location and transportation connectivity.
Investment Incentive Policies
Located in Hung Yen Province, Yen My II Industrial Park benefits from a favorable geographical location. With modern infrastructure, this industrial park attracts many investors. To create an attractive investment environment, Yen My II applies various investment incentives, including tax breaks and support for land and infrastructure.
Tax Incentives
Investors in Yen My II I.P receive numerous tax incentives, such as:
- Corporate income tax exemption for the first 2-4 years.
- A 50% reduction in tax payments for the following 4-9 years.
- Import tax exemption on machinery, equipment, and raw materials for production.
Land and Infrastructure Support
In addition to tax incentives, Yen My II I.P offers support in terms of land and infrastructure, drawing many businesses to invest. This support includes:
- Land leasing at preferential rates.
- Sufficient land area to meet investors’ needs.
- Development and maintenance of modern, comprehensive infrastructure systems.
With these attractive policies and support, Yen My II I.P will attract many investors, contributing to the local socio-economic development.
Favorable Business Environment
Yen My II I.P in Hung Yen creates a favorable business environment with its strategic location, modern infrastructure, and attractive investment incentives. This setup benefits investors by reducing operational costs and enhancing competitiveness.
- Convenient transportation connectivity
- Low operational costs
- Abundant and high-quality labor force
Yen My II I.P provides an efficient business environment due to its investment incentives, offering tangible benefits to investors that help them achieve sustainable growth.
In summary, the business environment at Yen My II in Hung Yen is highly attractive, drawing in numerous large-scale, high-quality investment projects.
Notable Investment Projects
Yen My II Industrial Park has attracted many large corporations and companies from both domestic and international markets. It is an ideal location for implementing investment projects.
This includes the automotive components factory of Hankook Tire, LG Electronics’ electronic device factory, and the Pouchen Vietnam footwear production facility.
These projects not only create jobs and income for local people but also promote industrial development. Yen My II has become an appealing destination for investment capital.
With its diverse industries and production fields, Yen My II fosters a dynamic and efficient business environment. The industrial park is affirming its position on the investment map.
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- Yen My II Industrial Park In Hung Yen Province
- Yen My Industrial Park In Hung Yen Province
FAQ
Where is Yen My II Industrial Park located?
Yen My II I.P is situated in Trung Hoa and Tan Lap Communes, Yen My District, Hung Yen Province, approximately 50 km north of Hanoi.
What are the advantages of Yen My II I.P’s location?
The industrial park has transportation advantages, being near major highways, national roads, and railways, facilitating the easy transportation of goods.
How was Yen My II I.P established and developed?
Yen My II I.P was established in 2005 as an expansion of Yen My I Industrial Park. Over time, it has attracted numerous businesses to invest.
What are the core industries at Yen My II I.P?
This industrial park focuses on manufacturing and high technology. The main industries include electronic components, automotive, textiles, footwear, and supporting sectors.
What is the infrastructure like at Yen My II I.P?
The industrial park has modern infrastructure meeting business requirements, including roads, electricity, water, telecommunications, and wastewater treatment, all comprehensively developed.
What investment incentives are available at Yen My II I.P?
The industrial park applies numerous investment incentives, offering tax benefits and support for land and infrastructure. Investors also receive exemptions on corporate income tax and import duties on equipment.
How is the business environment at Yen My II Industrial Park?
The business environment here is highly favorable. Its strategic location, modern infrastructure, and investment incentives provide ideal conditions for businesses. Companies benefit from convenient transportation, low operational costs, and an abundant, quality labor force.
What notable investment projects has Yen My II Industrial Park attracted?
The industrial park has drawn many significant investment projects from large corporations. Noteworthy projects include Hankook Tire’s automotive components factory, LG Electronics’ electronic device plant, and Pouchen Vietnam’s footwear manufacturing facility.