Lam Son - Sao Vang industrial Park

Location: Thanh Hoa

Planned area: 537,3 ha

Land use term: 50 years (2017 – 2067)

Leasable area: 20 - 30 ha

Leasing price: Negotiation

Project highlights:

Lam Son – Sao Vang Industrial Park (Thanh Hoa) stands out for its large development scale and strategic location within one of the province’s key economic growth areas. The park is located about 40 km from Thanh Hóa, 170 km from Hanoi, around 10 km from the North–South Expressway, 35 km from Thanh Hoa Railway Station, and approximately 92 km from Nghi Son Port. This provides excellent multimodal connectivity by road, rail, and seaport. The industrial park features modern and synchronized infrastructure and focuses on industries such as high technology, agricultural processing, mechanical engineering, and supporting industries. With rare large-scale industrial land availability, competitive costs, and abundant labor, the park offers strong potential for attracting FDI investors. Its proximity to Lam Son – Sao Vang Urban Area also supports the development of an integrated industrial–urban–service ecosystem, enhancing its competitiveness compared with nearby industrial zones.

Site connection

Transportation Links
Nghi Son Seaport: 92km (efficient export logistics).
North-South Expressway: 10km (Hanoi - HCMC link).
Tho Xuan Airport: 2km (domestic flights).
Thanh Hoa City center: 40km; Hanoi: 170km

Infrastructure situation

Internal Roads
Routes 27, 11, Eastern collector built; wide roads linking QL47 & expressway.
Modern tunnels, overpasses per design (not fully complete).
Power & Water
110kV substations (2x63MVA & 2x40MVA) ready, international grid, full lighting/security.
Clean water: 54,000 m³/day from QL47 urban chain, large industrial plant.

Attraction fields

Manufacturing, electronics & precision mechanics assembly.
Advanced building materials, smart packaging.
Clean agro-processing, biotech for export
Modern logistics, warehousing linked to Tho Xuan Airport.
Automotive & electronics support

Investment Incentives

Corporate Income Tax (CIT) Incentives
Preferential tax rate: 10% for 15 years (instead of the standard 20%).
Standard sectors/projects
2-year tax exemption, followed by a 50% reduction for the next 4 years.
High-tech projects (certified by the Ministry of Science and Technology):
4-year tax exemption, followed by a 50% reduction for the subsequent 9 years.
Import Duty Incentives
Import duty exemption applies to
Goods forming fixed assets of incentive-eligible investment projects.
Raw materials and components not yet produced domestically (subject to confirmation by the Ministry of Industry and Trade).
Goods used for manufacturing export products (in accordance with Article 16 of Law No. 107/2016/QH13).

Technical information

Building Density & Height
Max density: 60%, ≥25% green/social infrastructure per zoning.
Factory height: 3-5 floors (12-18m), per manufacturing zones.
Design Capacities
Power: 110kV substations (2x63MVA + 2x40MVA), grid to factory gates.
Clean water: 54,000 m³/day (Phase 1: 30,000 m³), Lam Son urban plant.
Wastewater: Centralized 5,000 m³/day (Phase 2), + pump 300 m³/day.
Fire Safety
Hydrants every 150m on 39m main axes, auto sprinklers for factories.
Per TCVN 2622:1995 & QCVN 06:2021/BXD for clean IPs.

Related costs

Management & Wastewater Fees
Infrastructure management: 3,000-6,000 VND/m²/year (~0.12-0.24 USD), semi-annual.
Wastewater treatment: 0.40-0.50 USD/m³, registered with IP Authority.
Power & Water Prices
Industrial electricity: 0.05-0.10 USD/kWh (EVN Central tiered).
Clean water: 0.35-0.45 USD/m³ from Lam Son urban system.

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.