YEN BANG INDUSTRIAL CLUSTER - NINH BINH

YEN BANG INDUSTRIAL CLUSTER - NINH BINH 

Address: Yen Hong and Yen Bang Communes, Y Yen District, Ninh Binh Province 

​Operation Duration: 2019 - 2069

​Total Area: 50 hectares

​Rental Price: 85 - 95 USD/m²/lease cycle (excluding VAT, includes one-time land tax for the entire lease period)

Strategic Location and Regional Connectivity

l Approximately 8 km from Ninh Binh city center;

l Approximately 24 km from Nam Dinh city center;

l Approximately 86 km from Hanoi city center;

l Approximately 61 km from Hai Thinh Port;

l Approximately 125 km from Hai Phong Port;

l Approximately 155 km from Cai Lan Deep-water Port;

l Approximately 110 km from Noi Bai International Airport;

l Approximately 120 km from Cat Bi Airport.

Target Industries for Investment

l High-tech supporting industries, mechanical engineering;

l Electronics manufacturing and assembly;

l Automotive components manufacturing;

l Medical equipment manufacturing;

l Machinery repair, precision engineering, and installation;

l Other industrial sectors.

Infrastructure of Yen Bang Industrial Cluster

Electricity Supply: Powered by the 35kV Nam Dinh Power Company, ensuring stable and continuous electricity for production within the cluster.

Water Supply: A clean water system with a total supply capacity of 1,800 m³/day, reaching each factory within the cluster.

Wastewater Treatment: Processing capacity of 800 m³/day.

Investment Incentives at Yen Bang Industrial Cluster

Import Duty Exemptions

l Industrial equipment, machinery, and components;

l Transportation vehicles used within the industrial zone;

l Construction materials not yet produced in Vietnam;

l Imported raw materials and supplies for export processing;

l Raw materials used in production for five years from the start of production for manufacturing mechanical, electrical, and electronic parts.

VAT and Foreign Profit Remittance Tax Exemptions

VAT exemption for imported raw materials used in production and processing of export goods under production contracts with foreign entities;

Full exemption from foreign profit remittance tax.

Preferential Tax Rate

10% corporate income tax for 15 years, with a 4-year tax exemption and a 50% tax reduction for the following 9 years, for industries such as:

l High technology, renewable energy, and new materials;

l Green, environmentally friendly technologies;

l Supporting industries in sectors such as textiles, footwear, electronics, automotive assembly, and mechanical engineering.

Investment Support at Yen Bang Industrial Cluster

The cluster investor will assist in connecting investors with local authorities for:

l Investment licensing procedures;

l Employee registration;

l Tax code registration;

l Construction permit applications.

 Support for Factory Relocation and Construction

The Yen Bang Industrial Cluster investor is committed to providing optimal conditions for businesses in relocation, construction, and operation within the cluster:

l Facilitating infrastructure and factory construction;

l Connecting investors with reputable construction and transportation companies.

Land Rental Price and Fees at Yen Bang Industrial Cluster

Land Rental (with infrastructure): 85 USD/m²/lease cycle (excluding VAT, includes one-time land tax for the full lease period).

Land Use Duration: Until 2069

Infrastructure Management Fee: 0.5 USD/m²/year (excluding VAT)

Clean Water Fee: As per provider's regulation

Wastewater Treatment Fee: 0.5 USD/m³ (excluding VAT)

Electricity Price: As per Nam Dinh Power Company regulation

Communication, Waste Treatment Fees: As per provider's regulation

Contact Information:

For inquiries on land rental for factory establishment at Yen Bang Industrial Cluster, Ninh Binh Province, please contact hotline: 1900.888.858 or email: [email protected] ​