Despite the negative impacts of the Covid-19 epidemic on the world and domestic economy. Thai Binh is still one of the leading provinces in the country in attracting investment, especially with FDI inflows. With the drastic participation of the entire political system and the very high consensus of the people, along with the advantages of economic zones and a synchronous transportation system, Thai Binh is a popular destination for investors. Foreign investors pay special attention.
In October 2019, the Prime Minister approved the General Planning for the construction of Thai Binh Economic Zone with a total area of 30,583 hectares with 12 subdivisions, with the goal of becoming a multi-sector, multi-sector marine economic center of Vietnam. Northern coastal region and the whole country. Tien Hai currently has 9 industrial parks and 1 industrial cluster with an area of 3,970 hectares, of which Tien Hai industrial park with an area of 795 hectares in Tay Son, Tay Giang, Dong Lam, Dong Co communes is considered the first industrial park. The first and largest scale in Thai Binh. Tien Hai industrial park alone has currently attracted 45 investment enterprises, 70 projects with a total registered capital of nearly 13,200 billion VND.
Manufacturing enterprises in industrial parks in Thai Binh province
To date, the whole province has over 1,000 registered investment projects, with a total registered capital of over 140 trillion VND. Of these, there are 90 valid FDI projects with a total registered capital of nearly 800 million USD. According to foreign investors’ assessments, Thai Binh has great potential in attracting investment. Not only because of the advantages of gas, electricity, transportation or Thai Binh Economic Zone but also because of the very high determination of Thai Binh province. In the first eight months of 2021 alone, the entire province had 49 projects whose investment policies were approved, with a total newly registered and increased capital of over 10 trillion VND.
Mr. Masatoshi Kontani – General Director of TOYODA GOSEI Co., Ltd., Japan: “During the process of building the factory, we received a lot of advice from agencies and departments. We think Tien Hai is a place with a lot of potential and is trusted by many workers. development force.”
Besides economic infrastructure, Thai Binh real estate also benefits from the coastal highway connecting 6 northern coastal provinces (Quang Ninh – Hai Phong – Thai Binh – Nam Dinh – Ninh Binh – Thanh Hoa) . The entire expressway has a length of about 160km, belonging to the two corridors – one economic belt program, which started construction on the first section on September 13, 2014.
With a special connection location, Quang Ninh – Thanh Hoa expressway is considered one of the most important expressways promoting Thai Binh trade in the economic development triangle Hanoi – Hai Phong – Quang Ninh. In particular, Tien Hai enjoys many advantages of regional connectivity, creating special opportunities to help accelerate industrial growth and promote advantages in marine tourism.
Currently, the Ha Long – Hai Phong expressway segment, the first section of the entire expressway with a total length of more than 25km, has officially come into operation. The Hai Phong – Thai Binh and Thai Binh – Ninh Binh expressway segments both started construction in 2017 with a scale of 4 lanes expected to officially open in early 2022.
Developed by Viglacera Corporation – Joint Stock Company, Tien Hai Industrial Park is located in Thai Binh Economic Zone. Enterprises in Viglacera’s Tien Hai Industrial Park will enjoy many incentives such as: Corporate income tax incentives: Preferential tax rate of 10% for 15 years; Tax exemption for the first 4 years and 50% reduction for the next 9 years; Incentives on land rent: Exemption from land rent for 13 years; Import tax incentives; Incentives on personal income tax, and preferential policies according to laws applicable to economic zones.
In addition, Tien Hai Industrial Park also has a great advantage in energy when located in the Tien Hai gas field area with CNG gas field with large reserves of hundreds of billions of cubic meters of gas, annual capacity of 200 million cubic meters of gas. Moreover, with the advantage of being located in an area with the most abundant labor source in the North with a workforce in the province and neighboring provinces of up to 5.5 million workers, businesses in Tien Industrial Park Hai will find and recruit workers very easily.
With the above incentives and advantages, Tien Hai Industrial Park is currently an attractive destination for domestic and foreign investors. The industrial park has clean land, competitive rental prices, and is ready to meet the needs of businesses coming to build factories immediately.
For more detailed information, please contact: Viglacera Real Estate Company – Phone: (+84) 888 25 22 88 | Website: https://viglaceraip.com
