{"id":18189,"date":"2024-11-18T17:37:00","date_gmt":"2024-11-18T10:37:00","guid":{"rendered":"https:\/\/b-company.jp\/?p=18189"},"modified":"2024-11-18T17:37:00","modified_gmt":"2024-11-18T10:37:00","slug":"introduction-to-the-industrial-parks-in-hung-yen","status":"publish","type":"post","link":"https:\/\/b-company.jp\/ko\/introduction-to-the-industrial-parks-in-hung-yen\/","title":{"rendered":"\ud765\uc60c \uc0b0\uc5c5\ub2e8\uc9c0 \uc18c\uac1c"},"content":{"rendered":"
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*In this column “<\/em>Vietnam Briefing<\/em><\/a>“, young researchers from B&Company will provide timely information of Vietnam’s industrial trends, consumer trends, and social movements.<\/em><\/p>\n

Although we strive to ensure the accuracy of the original information, please check separately for each information. Interpretations and future prospects are the personal opinions of each researcher.<\/em> <\/p>\n<\/div>\n\t

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Overview and Current State of Industrial Parks in Hung Yen<\/strong><\/h3>\n

Hung Yen Province, located in the Red River Delta region of northern Vietnam, covering an area of approximately 930km2<\/sup> and is home to over 1.2 million people. The province has been seeing steady population growth and industrial expansion over the decade[1]<\/a>. Situated just about 40 kilometers southeast of Hanoi and roughly 100 kilometers from Hai Phong Port, Hung Yen is strategically positioned to support industrial activities with its easy access to transportation routes such as Hanoi\u2013Hai Phong expressway, Hanoi-Hai Duong-Hai Phong railway \u2013 which connecting Hung Yen with Vietnam\u2019s economics zone in the northern provinces. This favorable location has made it an important point for both domestic and international investment.<\/p>\n

By 2023, Hung yen boasts about 9 major industrial parks, which include popular sites like Pho Noi A, Thang Long II, and Yen My II. These parks are focused on high value industries like electronics manufacturing, automobile components, textile and apparel. Notably, in 2023, the province attracted over 1 billion USD investment on building factory, manufacturing equipment, upgrading infrastructure, etc. The investors are mostly from major countries like Japan, China and Korea[2]<\/a>. This increase in investment reflects Hung yen competitive advantages, including low labor cost \u2013 ranging around 250-300USD per month in 2024[3]<\/a> – and housing prices in 2023 are 14 \u2013 17% lower than those in Hanoi[4]<\/a>. Additionally, the proximity to Hanoi offers an ideal alternative option for foreign companies that want to expand their business outside of the capital, where industrial land has become limited.<\/p>\n

To further promote business and enhance competitiveness, Hung Yen People Council enact a Plan No. 31\/KH-UBND in 2023[5]<\/a>. This plan provides a series of incentives, such as tax breaks, land-use support, simplify investment procedures and reduce regulatory barriers, making it much easier and faster for foreign to establish operations in Hung Yen. With this preparation, the upcoming industrial park, including Kim Dong and the No. 3 Industrial Parks, are assured to attract more investors upon completion. In addition, by 2030, Hung Yen province aims to establish 5 new industrial parks with a total area of 2.5 thousand hectares, bringing the total number of industrial parks to 30[6]<\/a>.<\/p>\n

List of Industrial Parks in Hung Yen<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n
STT<\/strong><\/td>\nIndustrial parks<\/strong><\/td>\nTotal planed area (hectares)<\/strong><\/td>\n<\/tr>\n
1<\/td>\nPho Noi A<\/td>\n689<\/td>\n<\/tr>\n
2<\/td>\nThang Long II<\/td>\n528<\/td>\n<\/tr>\n
3<\/td>\nYen My II<\/td>\n314<\/td>\n<\/tr>\n
4<\/td>\nYen My<\/td>\n280<\/td>\n<\/tr>\n
5<\/td>\nMinh Duc<\/td>\n198<\/td>\n<\/tr>\n
6<\/td>\nNo. 5<\/td>\n193<\/td>\n<\/tr>\n
7<\/td>\nMinh Quang<\/td>\n154<\/td>\n<\/tr>\n
8<\/td>\nClean Industrial Parks<\/td>\n143<\/td>\n<\/tr>\n
9<\/td>\nPho Noi Textile \/Pho Noi B<\/td>\n122<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: B&C Complication<\/em><\/p>\n

Recent Notable Investment Projects in Hung Yen’s Industrial Parks<\/strong><\/h3>\n

In 2023 and beginning of 2024, many large foreign investment projects from Japan and Korea, especially in the field of manufacturing and processing industry have chosen the industrial parks in Hung Yen as the location to build factories and for investment.<\/p>\n