Ngoc Lac industrial Park

Location: Thanh Hoa

Planned area: 150 ha

Land use term: 50 years (2016 - 2066)

Leasable area: 1 - 5 ha

Leasing price: Negotiation

Project highlights:

Ngoc Lac Industrial Park (Thanh Hoa) is strategically located in Ngoc Khe Commune, about 66 km from Thanh Hóa, along the Ho Chi Minh Road, serving as an important economic gateway connecting Northern Vietnam with the North Central region. The industrial park covers 150 hectares with an operational term of 50 years (2016–2066) and focuses on high-tech industries, including electronic component assembly, telecommunications equipment, and information technology. Its competitive advantages include abundant and cost-effective local labor, low industrial land costs, and terrain suitable for infrastructure development. The park also benefits from attractive industrial investment incentives and convenient logistics connections via National Highway 15A. These factors create strong potential to attract FDI projects, offering a competitive edge over several less-developed industrial parks in the surrounding area.

Site connection

Transportation Links
Nghi Son Seaport: ~120km (export-friendly).
North-South Expressway (CT.01): ~100km.
Tho Xuan Airport: ~60km (domestic).
Thanh Hoa City center: 66km; Hanoi: ~200km.

Infrastructure situation

Internal Roads
Roads: 1/500 detailed plan approved (150ha), partial basic routes to QL15A built.
External: Near Ho Chi Minh Road, western logistics hub.
Power & Water
Power: Local grid connection, no dedicated substation yet.
Clean water: Upgraded Ngoc Lac town plant (118B VND).

Attraction fields

Agro-forestry processing, herbal medicine, wood products.
Electronics assembly, telecom, IT components.
Consumer goods (food, livestock).
Mechanical fabrication, furniture, handicrafts.

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: 60-65%, land use ratio ≤1.0, ≥20% green.
Factory height: Max 3-5 floors (elevation 4.8-5.4m).
Design Capacities
Power: Local grid, planned 110kV substation.
Clean water: Upgraded town plant (118B VND), ~10,000m³/day.
Wastewater: Planned centralized (unbuilt), Column A standard.
Fire Safety
Hydrants every 120-150m on main roads, sprinklers for large factories.
Per QCVN 06:2021/BXD & TCVN 2622:1995.

Related costs

Management & Wastewater Fees
Infrastructure management: ~2,500-4,000 VND/m²/year (~0.10-0.16 USD).
Wastewater: 8,000-12,000 VND/m³ (~0.32-0.48 USD).
Power & Water Prices
Industrial electricity: Normal ~1,800-2,000 VND/kWh (~0.07-0.08 USD); off-peak 1,100-1,300; peak 3,200-3,600 (EVN Central).
Clean water: ~8,000-10,000 VND/m³ (~0.32-0.40 USD).

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.