Binh Phu Industrial Park

Location: Phu Tho

Planned area: 214.29 ha

Land use term: 2021 - 2071

Leasable area: 20 - 30 ha

Leasing price: $100 - $110

Project highlights:

Binh Phu Industrial Park possesses superior connectivity advantages thanks to its prime location right next to the Hoa Lac – Hoa Binh Expressway, reducing travel time to Hanoi's city center to approximately 50 minutes. It is an ideal destination for enterprises seeking large-scale manufacturing space with land rental and labor costs significantly more competitive than areas bordering Hanoi. The technical infrastructure is comprehensively developed, ready to meet the stringent standards of high-tech and precision engineering industries. Furthermore, being located in an area eligible for Phu Tho province's tax incentives allows investors to optimize cash flow and ensure long-term sustainable development.

Site connection

Situated directly adjacent to the Hoa Lac – Hoa Binh Expressway, the backbone connecting Hanoi with the Northwest provinces.
Distance to Hanoi: Approximately 50 km (about 45 - 50 minutes travel time).
Distance to Airport: Approximately 75 km from Noi Bai International Airport.
Distance to Seaport: Approximately 170 km from Hai Phong Port.

Infrastructure situation

Power Supply: Provided via an internal 110/22kV substation, ensuring a stable and continuous power supply for production.
Water Supply: Clean water plant with a capacity of 6,000 $m^3$/day, meeting all hygiene standards.
Wastewater Treatment: Centralized wastewater treatment plant meeting Grade A discharge standards, with a capacity of 4,500 $m^3$/day.
Telecommunications: Broadband fiber optic network pre-connected to the boundaries of all land plots.

Attraction fields

High-Tech Electronics: Manufacturing of electronic components, computers, and optical equipment.
Mechanical Engineering: Automotive and motorcycle assembly and part manufacturing.
Green Materials: Production of new, energy-saving construction materials.
Agro-Food Processing: High-tech processing of agricultural products, food, and beverages.
Export Light Industry: Packaging, textiles, and consumer goods for export.

Investment Incentives

Corporate Income Tax (CIT): Exemption for the first 2 years, 50% reduction for the following 4 years
Preferential CIT rate: ~10%–17% for 10–15 years depending on sector
Import duty exemption for machinery and equipment forming fixed assets
Land rent exemption/reduction during initial years depending on project scale and sector
Administrative support for licensing, investment procedures, and labor

Technical information

Construction density: ≤ 70%
Factory height: Typically 2–5 floors
Green space ratio: ≥ 10%
Building setback: Minimum 4 m (long side), 3.5 m (gable side)

Related costs

Management fee: ~USD 0.5–1/m²/year
Ready-built factory rent: ~USD 3.5–5.5/m²/month
Electricity cost: ~USD 0.08–0.12/kWh
Water supply cost: ~USD 0.4–0.8/m³
Wastewater treatment fee: ~USD 0.3–0.6/m³

Contact information

IPAVIETNAM
Hotline/Zalo/WhatsApp: +84-83-555-3388
WeChat ID: fdivietnam
E-mail: support@ipavietnam.org
Contact person:
Mr. Gia Bao, Investment Promotion Officer
Cell phone: +84-941-898-117
E-mail: bao.ipavietnam@gmail.com
Note: We only provide consultancy service and information on industrial parks, industrial clusters, ready built factories to enterprises or investors who contact us directly. We do not exchange information through brokers or other intermediary channels.