Phung Hiep Industrial Park

Location: Ninh Binh

Planned area: 174 ha

Land use term: 2024 - 2074

Leasable area: 10 - 20 ha

Leasing price: $120 - $130

Project highlights:

Phung Hiep Industrial Park offers strong advantages due to its proximity to central Hanoi, enabling easy access to markets, a skilled labor pool, and a well-developed industrial and service ecosystem. The park is located near key transport corridors such as National Highway 1A and the Phap Van – Cau Gie Expressway, facilitating efficient logistics and regional connectivity. As a newly developed industrial park, it provides a clean land bank, modern infrastructure, and flexible planning tailored to investor needs. In addition, Hanoi’s increasingly open investment policies in the southern corridor support clean industries, high-tech sectors, and high value-added manufacturing.

Site connection

Near Phap Van – Cau Gie Expressway
~25 km to Hanoi center
~80–100 km to Hai Phong Port
~35–40 km to Noi Bai International Airport

Infrastructure situation

Modern synchronized infrastructure under development
Power, water supply and centralized wastewater treatment
Internal roads suitable for container transport

Attraction fields

Electronics and components
Mechanical engineering
Clean and high-tech industries
Consumer manufacturing

Investment Incentives

Corporate income tax: 2-year exemption, 50% reduction for the next 4 years
Preferential tax rate: 17% for 10 years
Import duty exemption for machinery and equipment for fixed assets
Import duty exemption for raw materials in initial phase
Land rent exemption: 2–3 years

Technical information

Building density: 60–70%
Building height: 1–7 floors
Floor area ratio: 1.0–3.0
Construction timeline: 12–36 months
Must comply with approved 1/2000 zoning plan
Construction permit required before commencement
Mandatory connection to centralized wastewater system
Mandatory compliance with industrial environmental standards
Fire safety approval required before operation

Related costs

Land lease price: 120–160 USD/m²/lease term
Management fee: 0.8–1.2 USD/m²/year
Electricity price: 0.08–0.11 USD/kWh
Water price: 0.3–0.6 USD/m³
Wastewater treatment fee: 0.5–0.9 USD/m³
Factory construction cost: 300–450 USD/m²
Labor cost: 300–500 USD/person/month

Contact information

IPAVIETNAM
Hotline/Zalo/WhatsApp: +84-83-555-3388
WeChat ID: fdivietnam
E-mail: support@ipavietnam.org
Contact person:
Ms. Thanh An, Investment Promotion Officer
Cell phone: +84-397-061-299
E-mail: an.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.