“Destination of Korean Companies”
Yen Phong Industrial Park located in Bac Ninh Province with the total area of 658ha was commenced in 2005.
With approximately 20 Korean enterprises operating in the Industrial Park including various great brands such as Samsung, Orion, Flexcom, Dongsin, Mobase, Dawo Vina, Hansol, etc., Yen Phong Industrial Park is considered as an attractive destination of Korean investors.
Bac Ninh locates along key economic route: Nam Ninh (China) – Lang Sơn – Hanoi – Hai Phong – Ha Long (Quang Ninh) with key traffic hubs.
Be advantageous in geological and economic conditions, Bac Ninh’s infrastructure is increasingly completed. With facilitated investment conditions and attractive preference policies, Bac Ninh has recently ranked the second in the North in terms of provincial competitiveness index, and reached top 10 in FDI attraction nationwide for years.
ADVANTAGES
- Favorable location and convenience traffic
- Available premise to build factories
- Synchronous and complete engineering and social infrastructure
- Dormitory and villa for lease
- The leveling altitude is 5m and high
STRATEGIC LOCATION
Traffic
– 35km from Hanoi capital (55mins by car)
– 60km far from Samsung Thai Nguyen (1 hour by car)
– 120km far from International Lang Son Border Gate (3 hour by car)
Railway
Near Hanoi – Lang Son International transportation Railway and Yen Vien (Hanoi) – Lim (Bac Ninh) – Ha Long (Quang Ninh) Express Railway.
Waterway
– 110km far from Hai Phong (3 hours by car)
– 120km far from Cai Lan deep seaport (Quang Ninh) (2h55mins by car)
Airport
22km far from Noi Bai International Airport (15 minutes by car)
SCALE
– Area: 658 ha
+ First Phase: 344 ha,
+ Second Phase : 314 ha
– Commencement: 2005
– Operation time: 50 years (First phase since 2005 – 2055)
– Investment projects are available into Industrial Park: 43
Main investment sectors in Yen Phong IP
– Electronics, powers industry, high-techs, material for construction and mechanics, pharmaceuticals, foodstuffs, light industry, consumption goods,….etc.
TECHNICAL INFRASTRUCTURE
Internal traffic
– Yen Phong Industrial Park is connected to national road No. 18 by a intersection traffic point and a flyover bridge. Traffic routes inside Industrial Parks are planned in square pattern, facilitating the entering into building areas.
– Main roads have two 80m lanes. Branch roads are 40m and 22m.
Power supply
Power is supplied from national grid through 110/22KV transformer station with capacity of 3 x 63 MVA.
Water supply & Drainage system
Water supply
– Water supply station with capacity of 30,000m3/day (collected from underground and Cau River) (The diameter of water supply pipe is D150 mm – D400 mm)
– Water supply system is connected directly to the fence of enterprises.
Drainage system
– Rain water drainage system separate from waste water drainage system.
– The drainage pipe diameter is D800 mm – D1250 mm with the principle of automatic drainage.
Waste and waste water treatment
– Waste water treatment station with the 1st phase capacity 16,000 m3/day. (Industry waste water is calculated by 80% of water supply volume).
– The waste water drainage pipe is D300mm – D750mm
– Waste from factories in the IP shall be categorized immediately in all factory and be collected to the centered treatment area of Bac Ninh province.
Telecommunication system – Internet
A satellite switch board with 4,000 numbers, modern communication system reachs international standard and ready to meet full demands concerning on national and international communication services.
SERVICES
Management Center
Located at the entrance of the industrial park is the headquarters of Management of Yen Phong Industrial Park operation, Representative of Bac Ninh Industrial Zone Management Board, Customs office, Bac Ninh tax office to support enterprises in Yen Phong IZ.
Logistics Center
Inland Container Depot (ICD) is planned to be built in the Industrial Park. Moreover, yard, storage, and workshop for lease are also fully constructed within the Industrial Park.
Banks
There are three banks currently running in the Industrial Park; including Vietnam Joint Stock Commercial Bank for Industry and Trade, Bank for Investment and Development of Vietnam – Bac Ninh Branch, Joint Stock Commercial Bank for Foreign Trade of Vietnam
Security
Security guard ensure security inside industrial park.
Fire prevention
Fire water supply network is designed with domestic water supply along the roads. The distance between fire hydrants is 120m -150m and has a pillar diameter of D125mm.
Post Office
Bac Ninh Post Office has constructed its branch at the center of the IP with modern informatics technology system for serving multi-service communication such as data transfer, Internet, IP telephone and video conference…etc.
Customs
Bac Ninh Customs is situated in the Industrial Park to support enterprises fulfilling import-export, sealing, seal customs procedures, etc. right in the factories of the Industrial Park.
Green tree and Environment
Green trees and common area cover 30% of total land area.
SOCIAL INFRASTRUCTURE
Yen Phong urban area – Accommodation for workers
Being a part of Yen Phong Industrial – Urban Park Project of Bac Ninh province, Yen Phong urban area covers an area of 51 hectares and is based next to the Industrial Park, meeting demands on accommodation conditions for employees and specialists working there. Yen Phong urban area is built with hundreds of villas, adjacent houses, and about 20 high-rise apartment buildings, which are ideal places for all the employees working in the Industrial Zone.
Viglacera vocational college
Viglacera vocational college in Yen Phong Urban area train 4000 workers and labors yearly for enterprises in Industrial park.
Hospital
Bac Ninh Province Hospital (10 km far from the Industrial Park).
INVESTMENT INCENTIVE
Tax rate
Taxation of corporate income tax rate is 20 %
– Enterprises with a total turnover of not exceeding 20 billion shall be applied tax rate of 20 %.
– Revenue as a basis determined eligible for corporate tax rate is 20 % in this paragraph is the revenue of the preceding year.
Tax for the oversea remittance
Free of tax for the oversea remittance.
Value Added Tax
Exemption of VAT on goods which include imported raw marterials for producing, processing of exported goods according to the processing contracts signed with foreign Partners.
Import Machine and Equipment
(Only applied for high-tech enterprises, investment incentive fields). According to Decree No. 87/2010/NĐ-CP
(1) – Import tax exemption for goods to create fixed assets
(2) – Emport exemption for raw material, imported materials to produce exported goods
(3) – Emport exemption for raw material, to manufacture on the list of special incentive investment project in 5 years commencing from manufacturing start (If Enterprises invest in the list of special incentive investment project or invest in spare parts manufacture, or mechanic, electronic..
