Phuc Son Industrial Park - Ninh Binh

Overview of Phuc Son Industrial Park – Ninh Binh:

Phuc Son Industrial Park – Ninh Binh is one of the top 5 industrial zones in Vietnam that meets the country’s environmental standards. It was newly established according to Document No. 1818/TTg-KTN dated October 29, 2008, by the Prime Minister’s decision.

Decision No. 266/QD-UBND, issued on February 19, 2019, approves the partial adjustment of the detailed construction planning for Phuc Son Industrial Park. The industrial park is located in Ninh Phuc Commune and Ninh Son Ward, Ninh Binh City, Ninh Binh Province. It covers an area of 129.4 hectares and is planned at a 1/500 scale.

Situated near National Highway 1A and the Hanoi – Ninh Binh – Thanh Hoa expressway, Phuc Son Industrial Park serves as a strategic location that connects various provinces and major cities, including Hanoi, Da Nang, and Ho Chi Minh City, which are vital transportation routes.

Being a transportation gateway for the northern region, this location is very convenient for the transfer, transportation, and circulation of goods.

Phucloc Industrial Park Investment Development Corporation is the investor responsible for the infrastructure construction of Phuc Son Industrial Park.

Phuc Son Industrial Park is recognized as a model industrial zone. It receives special attention for its investment in a synchronized, modern technical infrastructure system. This system meets the strict requirements and standards of investors, particularly foreign investors.

This industrial zone caters to the demand for a clean industrial environment and provides living and working conditions for workers in the industrial zones of Ninh Binh city and neighboring industrial zones.

Moreover, Phuc Son Industrial Park contributes to enhancing the province’s investment environment image, attracting the interest of high-tech manufacturing investors and large-scale supporting industries. It also ensures rapid growth of the industrial sector in the overall context of the provincial economy.

The infrastructure of Phuc Son Industrial Park – Ninh Binh:

Internal transportation:

• The internal transportation system consists of main roads and secondary roads.
• The internal road network consists of 4-lane main roads and 2-lane secondary roads, with road widths ranging from 15m to 58.5m.

Power system:

• The national power grid supplies the power source through a 110/22kV (35kV) transformer station with a capacity of 63KVA.
• Businesses can increase their capacity to meet their demand.

Public lighting system:

• The street lighting network is designed with a separate power supply system strategically arranged along the road axes.

Water system:

• The water plant has a capacity of 20,000m3/day-night.
• The capacity can be increased to meet the demand of businesses.

Drainage system for wastewater and rainwater:

• The system for draining rainwater and wastewater (including industrial wastewater and domestic wastewater) consists of separate entities.
• A drainage system collects rainwater and channels it into nearby rivers.
• The project collects and treats all wastewater at the wastewater treatment station before releasing it into the shared drainage system of the city.

Waste treatment:

• Factories within the industrial zone will sign contracts with specialized units for waste classification, collection, and transportation to remove waste from the industrial zone to prevent environmental pollution.

Wastewater treatment:

• The Phase 1 wastewater treatment plant, which has a capacity of 1,200m3/day-night, is currently operational.
• Businesses can increase their capacity to meet their demands.
• Investors in the industrial park must treat their wastewater locally before discharging it into the common wastewater drainage system of the industrial park.

Communication system:

• The communication system is equipped with modern facilities, ensuring stable and high-speed connections.

Industries attracting investment in Phuc Son Industrial Park:

• Electrical, refrigeration, electronic, and mechanical industries.
• Machinery manufacturing; automobile and motorcycle assembly.
• Production of high-quality construction materials.
• Consumer goods production, pharmaceuticals.
• Packaging industry, light industry, textile, and footwear.
• And other industries approved by the provincial People’s Committee.

Investment incentives at Phuc Son Industrial Park – Ninh Binh:

Corporate Income Tax (CIT): Exempt for the first 2 years and 50% reduction for the following 4 years.

Land Rental Fee: Exempt until April 2066.

Value Added Tax (VAT): 0% for Export Processing Enterprises (EPE).

Profit Repatriation Tax: 0%.

Import-Export Tax Exemption:

• Equipment, machinery (accessories), and specialized vehicles are used in technological production lines and non-domestic construction materials that require importation.
• Encouraged investment projects and projects related to technical components, spare parts, electricity, and electronic products are exempt from importing raw materials for the first 5 years from the start of production.
• Imported materials, accessories, and components for the production of export goods.

The labor force at Phuc Son Industrial Park – Ninh Binh:

• In 2019, according to statistical data, Ninh Binh Province had a population of 1.12 million people. This population provides a significant labor force. The abundant labor supply is beneficial for both the industrial zones within the province and the Khanh Phu Industrial Zone.
• Currently, there are 36 vocational education institutions and participating vocational education establishments in Ninh Binh province.
• Among them are 5 colleges, 10 intermediate schools, 12 vocational education centers, and 9 other vocational education establishments.
• Ninh Binh has implemented comprehensive measures to build and expand the network of vocational education institutions and promote socialization in vocational education.

Labor cost:

• Phuc Son Industrial Zone is located in Ninh Binh City, belonging to Zone II.
• Therefore, the current minimum wage in Zone II is 3,920,000 VND per month.