Minh Quang Industrial Zone

Hung Yen Province, with its strategic location near Hanoi and major economic centers, is strongly attracting both domestic and international investors. This province boasts well-developed transportation infrastructure, an abundant labor force, and a favorable investment environment, providing a solid foundation for the development of industrial parks in Hung Yen.

Among them, Minh Quang Industrial Park stands out as a prominent highlight with its prime location right next to National Highway 5 – the key economic corridor connecting Hanoi and Hai Phong. This provides a significant advantage in facilitating seamless connections to major manufacturing hubs and international seaports in Hai Phong and Quang Ninh. Moreover, Minh Quang Industrial Park features modern and synchronized infrastructure, fully meeting the demands of investors seeking a reputable and high-quality industrial land rental. Its power, water, and telecommunications systems are well-invested to ensure efficient business operations. With these outstanding advantages, Minh Quang Industrial Park is becoming an ideal destination for enterprises looking to invest and expand their production activities in this region.

Advantages of leasing land at Minh Quang Industrial Park compared to other industrial projects in Hung Yen

1. Geographic location of Minh Quang Industrial Park – My Hao, Hung Yen

The land for lease at Minh Quang Industrial Park is planned within Bach Sam Commune, My Hao District, Hung Yen Province. Its location directly borders the National Highway 5 corridor (at Km32), a vital economic route connecting Hanoi to the port city of Hai Phong. Along this highway, several key industrial parks in Hung Yen are concentrated, such as Minh Duc Industrial Park (opposite Minh Quang Industrial Park), Pho Noi Industrial Park, and Thang Long II Industrial Park.

The distances from Minh Quang Industrial Park to key locations are as follows:

• Approximately 40 km from Hanoi’s city center, equivalent to a 1-hour drive.
• 58 km from Noi Bai International Airport.
• 65 km from Hai Phong Port.
• 105 km from Cai Lan Deep-Water Port in Quang Ninh.
• 10 km from Cam Giang Railway Station in Hai Duong.

Another advantage of Minh Quang Industrial Park’s location is its accessibility to the regional labor force. The land for lease is close to densely populated cities such as Hanoi and Hai Duong, allowing businesses to tap into a rich human resource pool. Additionally, a bus system runs from Hanoi through National Highway 5 to the industrial park, facilitating convenient commuting for workers from nearby cities and towns.

2. Scale of land for lease in Minh Quang Industrial Park

Compared to other industrial parks in My Hao District, Hung Yen (such as Thang Long II Industrial Park, Pho Noi A Industrial Park, and Minh Duc Industrial Park), Minh Quang Industrial Park is more modest in size, covering approximately 150 hectares. However, its master planning and land allocation for industrial leasing are on par with other major industrial zones.

Notably, 111 hectares of industrial land for lease are available until 2058. The land for lease is fully prepared with technical infrastructure, and the ground has been leveled, ensuring a clean and ready-to-use site. Businesses can lease land and immediately proceed with factory construction without additional groundwork preparation.

3. Key industries in Minh Quang Industrial Park

Since its establishment, Minh Quang Industrial Park has successfully attracted 27 domestic and international investment projects, solidifying its position as one of the most reputable and high-quality industrial zones in Hung Yen.

The main industries developed in Minh Quang Industrial Park include:

• Electrical, electronics, refrigeration, and mechanical industries.
• Processing industries for agricultural and forestry products, food, and high-quality building materials.
• Manufacturing industries for packaging, consumer goods, etc.

Some notable investment projects that have achieved significant success in Minh Quang Industrial Park include:

• Vietlog’s Grade A warehouse project covering 4.17 hectares.
• NRS Raiza’s international chemical transport warehouse project.
• ATSC Solartech’s glass manufacturing and glass product business project.

Infrastructure in Minh Quang Industrial Park meets investors’ requirements for leasing industrial land

• Internal Transportation System:

The internal road system is well-developed and seamlessly connected to external roads, with the main axis directly linking to National Highway 5. The roads are designed for optimal width, ensuring easy and convenient access to factories via branch routes. Streetlights are installed along all roads, ensuring adequate lighting at all times, even in adverse weather conditions.

• Power Supply System:

The power supply is stable and reliable, distributed through 22kV transmission lines and substations that deliver electricity directly to each land for lease area.

• Water Supply System:
  A clean water supply plant has been constructed with a total capacity of 5,500 m³/day to meet industrial and operational needs.
  
• Wastewater Treatment:
  An on-site wastewater treatment plant operates at a capacity of 2,000 m³/day, ensuring compliance with environmental regulations set for industrial parks in Hung Yen.
  
• Telecommunications & Internet:
  The park features an international-standard telecommunications system, providing high-speed data transmission, postal services, and seamless communication. Fiber optic cables are underground and connected directly to each enterprise’s premises.
  
• Fire Protection System:
  A fire hydrant network is strategically placed along industrial park roads, ensuring fire safety for all businesses operating within the zone.
  
• Other Amenities:
  The surrounding area of Minh Quang Industrial Park is well-supported by financial services, with the presence of major banks like Vietcombank, Techcombank, ACB, Sacombank, Agribank, and BIDV.
  
  • The Hung Yen Customs Office is only 6 km away, facilitating smooth import-export procedures for businesses.
  • Schools and hospitals are readily available to serve the large workforce operating in the industrial park daily.

Land lease prices in Minh Quang Industrial Park compared to other industrial parks in Hung Yen

When leasing land in Minh Quang Industrial Park, investors should consider the following costs:

• Land lease price: Ranges from $125 to $129 USD/m².
• Annual management fee: $0.5 USD/m².
• Deposit: Negotiable.
• Additional costs such as electricity, water, wastewater treatment, and telecommunications depend on service providers and current market prices.
• Labor costs are calculated based on wage level 2.

Compared to other industrial parks in Hung Yen, Minh Quang Industrial Park offers a stable and mid-range land lease price. Additionally, the park provides tax incentives, including:

• 2 years of corporate income tax exemption.
• 50% tax reduction for the following 4 years.

These incentives help businesses significantly reduce operational costs.

Contact RSQUARE now for more details on the industrial land for lease market in My Hao, Hung Yen, near Minh Quang Industrial Park!