Yen Phong II Industrial Park - An Overview for Foreign Investors

Yen Phong II Industrial Park - An Overview for Foreign Investors

Monday, 01 Jan, 2024

Yen Phong II Industrial Park is among top choices for foreign manufacturers seeking a strategic location in Bac Ninh. On June 28, 2007, the Prime Minister approved the project to develop Yen Phong II Industrial, Urban, and Service Park, expanding the total area to 1,200 hectares under Official Letter No. 856/TTg-CN. As part of this approval, the industrial park’s area was increased from 300 hectares to 1,000 hectares, with Yen Phong II Industrial Park divided into three subzones: A, B, and C.  Let's find out more information about the project.

 

1. Yen Phong II-A Industrial Park

  • Location and Scale: Situated to the west of National Highway 3, with a total area of 151.27 hectares, located in Tam Giang and Hoa Tien communes, Yen Phong District, Bac Ninh Province. Of this, 83.19 hectares are designated for industrial land.
  • Investment Approval: Approved by the Prime Minister on February 19, 2021, under Decision No. 220/QĐ-TTg.
  • Master Plan Approval: The 1/2000 scale zoning plan was approved under Decision No. 430/QD-UBND on November 11, 2021, by the People's Committee of Bac Ninh Province.
  • Investor: Western Pacific Infrastructure JSC, with a total investment capital exceeding VND 1,800 billion.
  • Operational Period: From 2021 to 2071.

 

2. Yen Phong II-B Industrial Park (VSIP Bac Ninh II Industrial Park)

  • Location and Scale: Yen Phong II-B Industrial Park, also known as VSIP Bac Ninh II Industrial Park, covers a total planned area of 273.0022 hectares. It is located in Tam Giang, Yen Phu, and Hoa Tien communes, as well as Cho Town, Yen Phong District, Bac Ninh Province. Of this, 188.7 hectares are allocated for industrial land.
  • Investment Approval: The project was approved by the Prime Minister under Decision No. 66/QĐ-TTg on January 15, 2019.
  • Establishment: The Bac Ninh Provincial People's Committee established the park under Decision No. 848/QĐ-UBND on December 13, 2019.
  • Zoning Approval: The 1/2000 scale construction master plan was approved under Decision No. 605/QĐ-UBND on September 27, 2019, by the Bac Ninh Provincial People's Committee.
  • Investor: VSIP Bac Ninh Co., Ltd., with a total investment capital of VND 2,358 billion.
  • Operational Period: From January 22, 2019, to January 22, 2069.

3. Yen Phong II-C Industrial Park

  • Location and Scale: Yen Phong II-C Industrial Park spans 219.22 hectares, situated to the east of Provincial Road 271, within Dong Tien and Tam Giang communes, Yen Phong District, Bac Ninh Province. Of this, 144.69 hectares are designated for industrial land.
  • Investment Approval: The project received investment approval from the Prime Minister under Decision No. 1139/QĐ-TTg on August 11, 2018.
  • Zoning Approval: The 1/2000 scale construction master plan was approved under Decision No. 413/QĐ-UBND on July 30, 2019.
  • Investor: Viglacera Corporation - JSC, with a total investment capital of VND 2,234 billion.
  • Operational Period: From 2018 to 2068.

2. Key Advantages

  • Prime Location: 

    Yen Phong II Industrial Park is located on the Bac Ninh - Noi Bai route, which connects to National route 18. 38 km from Hanoi's city, 22 km from Noi Bai International Airport, 145 km from Hai Phong, 145 km from Lang Son border gate...easy access to seaports, airports, trains, and roadways.

     

  • Focus on:

    High-tech and non-polluting technologies, electronics assembly, precision engineering, and the automotive industry.

     

  • Skilled Workforce: 

    Located in an area with a high-quality workforce, with 69% of the trained workforce (5th in the country), having quick access to modern technologies and machines as well as advanced management level to meet the requirements of investors.

     

  •  Good Investment Incentive : 

    - Good Corporate Income Tax Incentives:

     

Partner with FIBIC for Comprehensive Investment Guidance

Although 03 subzones: A, B, and C of Yen Phong industrial park may be a viable option for you, it is crucial to conduct thorough due diligence and reviewing all available alternatives in the market before making a decision. 

Other detailed factors such as rental price, land price appreciation; capacity of electricity supply , water supply, wastewater treatment; regulation for fire prevention and fighting; industrial park's road system; Telecommunications/Internet system and other utilities are also extremely important and need clarification from a trusted partner.

At FIBIC, Your Success is Important to Us, it is one of the core values of our business. 

Therefore, we don’t favour any project. With our local expertise and industry know-how, we assess and recommend the most suitable options to find the best solution for your needs, while safeguarding investors from potential risks, ensuring you make the best investment decisions.

Sometimes, a choice that seems perfect in theory may not align with the real needs of your business.

Contact us to discuss your investment needs further and make informed, confident decisions!

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