Yen My Industrial Park in Hung Yen Province

Key Highlights of Yen My Industrial Park

• One of the largest and most important industrial parks in Hung Yen Province.
• Situated in Northern Vietnam’s key economic region with a strategically favorable location.
• Attracts numerous large-scale industrial manufacturing enterprises.
• Equipped with modern infrastructure, large area, and convenient transportation network.
• A compelling destination for both domestic and foreign investors.

Geographic Location of Yen My Industrial Park

Yen My Industrial Park is located in Trung Hoa and Tan Lap Communes, Yen My District, Hung Yen Province. With its strategic location and highly accessible transportation connections, Yen My I.P enables businesses to connect easily with domestic and international markets.

Located in Northern Vietnam’s Key Economic Region

Yen My I.P is near major industrial and commercial centers such as Hanoi and Hai Phong. This provides logistics advantages and access to significant markets.

Close to Major Transportation Routes

• About 5 km from the Hanoi – Hai Phong Expressway, enabling quick access to major economic centers.
• Close to the North-South railway, facilitating convenient freight transportation.
• Near major seaports such as Hai Phong, Quang Ninh, and Cai Lan, offering logistics advantages for import-export activities.

This advantageous geographic location combined with a modern transportation system provides a competitive edge for Yen My I.P.

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History of Formation and Development

Yen My Industrial Park, located in Hung Yen Province, was established in 2006 with the goal of becoming a primary industrial center in the region. Since its inception, the I.P has experienced substantial growth, attracting numerous enterprises thanks to its strategic location, modern infrastructure, and attractive investment incentives. This development has driven local economic growth.

Managed by the Yen My I.P Management Board, the park has made significant progress and is now an appealing destination for investors, contributing to the socio-economic development of Hung Yen Province.

Yen My I.P has consistently established itself as one of the most notable destinations for both domestic and international investors.

Scale and Modern Infrastructure

Located in Hung Yen Province, Yen My I.P offers an extensive area and modern infrastructure that meet the production needs of businesses. Its scale has attracted numerous domestic and international investors.

Extensive Area

The I.P spans hundreds of hectares, providing ample space for businesses to construct factories and warehouses. Its modern infrastructure has attracted large investors and stimulated regional economic growth.

Convenient Transportation Network

Yen My I.P is located near major transportation routes such as expressways, railways, and seaports, giving businesses significant logistics and market access advantages. The modern and comprehensive transportation infrastructure increases the competitive edge for companies.

The large scale, modern infrastructure, and convenient transportation network make Yen My I.P an ideal investment environment, drawing both domestic and international investors to Hung Yen Province.

Key Investment and Production Sectors

Yen My I.P attracts numerous companies operating across various industrial sectors. Its main business sectors include electronics, automotive, textiles, footwear, and chemicals.

These businesses contribute significant production value, creating investment opportunities for investors.

The main industrial sectors in Yen My I.P include:

• Electronic equipment and component manufacturing
• Automotive and automotive parts manufacturing
• Textile and footwear industries
• Chemical production and chemical products
• Other manufacturing and processing industries

These businesses generate substantial production value, creating investment opportunities for investors.

Overview of Yen My I.P in Hung Yen Province

Yen My Industrial Park is a crucial industrial center in Hung Yen Province, playing a major role in economic and social development. Its strategic location attracts many companies to invest and manufacture here.

With a large area, modern infrastructure, and key sectors such as electronics, mechanical engineering, automotive, and parts, the park creates jobs, raises income, and improves the quality of life for residents.

Achieving many successes, Yen My I.P asserts its vital role in the economy of Hung Yen Province, providing an attractive investment environment for domestic and international enterprises.

Yen My I.P is a prominent feature in the industrial development of Hung Yen, enhancing the province’s position and competitiveness on the investment map.

Investment Potential and Opportunities

Yen My I.P in Hung Yen Province has attractive investment potential, drawing in domestic and international investors. Two key factors are its abundant labor force and attractive investment incentives.

Abundant Labor Force

Located in Northern Vietnam’s key economic region, Yen My I.P has a plentiful, high-quality labor force. Companies can easily recruit skilled personnel, meeting their production and business expansion needs.

Attractive Investment Incentives

The park also benefits from various attractive investment incentives, including tax, land, and business support services, which help reduce costs and optimize profits for investors.

With advantages in workforce and incentives, Yen My I.P is an appealing investment destination, promising to attract many domestic and international enterprises in the future.

Role of Yen My Industrial Park in the Local Economy

Yen My I.P is a vital part of Northern Vietnam’s key economic region, attracting many businesses and generating significant production value. Its large area and modern infrastructure are strengths of this I.P.

Yen My also provides employment opportunities for locals, raising incomes and improving their quality of life. As a result, Yen My I.P serves as an economic driver for Hung Yen Province.

Yen My I.P plays a key role in promoting the socio-economic development of Hung Yen Province, contributing significantly to production, job creation, and investment attraction.

Prominent Projects in Yen My Industrial Park

Yen My Industrial Park has attracted numerous large corporations and enterprises. Notable projects include Samsung, LG, Foxconn, Panasonic, and automotive and electronic component manufacturers. These businesses have helped the I.P and the economy of Hung Yen Province to grow.

Companies choose Yen My I.P due to its advantageous location, modern infrastructure, and attractive policies. These major investments create thousands of jobs while enhancing the I.P’s global reputation and competitiveness.

The presence of these major corporations has positioned Yen My I.P as a trusted destination for investors, and its successes promise new development opportunities for both the park and Hung Yen Province.

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• Yen My Industrial Park In Hung Yen Province

FAQ

What is the geographical location of Yen My I.P?
Yen My I.P is located in Trung Hoa and Tan Lap Communes, Yen My District, Hung Yen Province, close to major transportation routes such as the Hanoi – Hai Phong Expressway, the North-South Railway, and major seaports. This enables companies to easily connect with domestic and international markets.

What is the scale and infrastructure of Yen My I.P?
Yen My I.P spans a large area with modern infrastructure, including roads, electricity, water, telecommunications, and amenities that meet production needs. Its proximity to major transport routes makes it easy for businesses to access both domestic and international markets.

What sectors does Yen My I.P attract investment in?
Yen My I.P attracts a wide range of production sectors, including electronics, automotive, parts, textiles, footwear, and chemicals. These industries generate significant production value, contributing to the economy.

What investment potential and opportunities are available at Yen My I.P?
The I.P offers substantial investment potential. It has an abundant labor force and attractive incentives for tax, land, and support services. Investors will gain numerous benefits when investing in Yen My.

What role does Yen My I.P play in the local economy?
Yen My I.P plays a significant role in Hung Yen’s economy by attracting businesses, generating production value, creating jobs, and raising incomes for locals.

What notable investment projects are located in Yen My I.P?
The I.P has attracted many large projects from major domestic and international corporations, including Samsung, LG, Foxconn, Panasonic, and automotive and electronic component manufacturers. These projects have fostered the growth of both the I.P and the economy of Hung Yen Province.