Industrial Park No. 5 - "golden address" for investors in Hung Yen
Possessing a "golden" location with many advantages in connectivity and attractive investment incentives, Industrial Park No. 5 (Hung Yen province) is a trusted destination for many electronics and semiconductor corporations from Taiwan (China).
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| Groundbreaking ceremony for the construction of Arizon Technology Factory (Vietnam) in Industrial Park No. 5 (Hung Yen province) |
Many advantages
Industrial Park No. 5, invested by Yen My Industrial Park Investment Joint Stock Company, has an area of over 192 hectares, located in Xuan Truc and Quang Lang communes, An Thi district and Nghia Dan commune, Kim Dong district, Hung Yen province. The industrial park is adjacent to two roads connecting the Hanoi - Hai Phong and Phap Van - Cau Gie expressways, the new National Highway 38 and the district road DH62.
This is a “golden” location, especially convenient for construction, internal circulation as well as transporting goods from the Industrial Park to important points such as Hai Phong port, Noi Bai international airport, Huu Nghi - Lang Son border gate, etc. The advantage in connecting domestic and international goods circulation is also a big plus for Industrial Park No. 5 to attract investment.
Mr. Nguyen Tuan, Director of Yen My Industrial Park Investment Joint Stock Company, said that Industrial Park No. 5 has a total investment of VND 2,385 billion, approved by the Prime Minister in August 2021. Within just 6 months from the date of being granted the investment certificate, the Industrial Park has completed site clearance.
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The industrial park is divided into 2 sub-zones. The first sub-zone has an area of 109 hectares, with completed technical infrastructure. The power supply system is supplied from the national grid through the 110/22 KV transformer station, with a capacity of 4 x 63 MVA (phase 1 has a capacity of 2×63 MVA). The water supply system has a maximum capacity of 30,000 m3/day and night. Wastewater is collected and classified to the treatment plant (capacity of 4,300 m3/day) according to the correct standards before being discharged into the environment. The second sub-zone has an area of 83 hectares, with 70% of the technical infrastructure completed. Many projects of secondary investors here have been initiated and constructed.
The internal traffic system with 32 - 42 m wide main roads has been completed. In addition, the investor of Industrial Park No. 5 is completing the final procedures for investing in the worker housing area and expert housing (about 12 hectares) to serve the needs of experts and workers working here.
Mr. Vu Quoc Nghi, Head of the Management Board of Industrial Parks of Hung Yen province, assessed that Industrial Park No. 5 is one of the key projects of the province. The industrial park focuses on attracting investment in fields such as electronics, precision mechanics; light industry, other manufacturing and business sectors in accordance with the industrial development plan of Hung Yen province. The province also has the orientation that Industrial Park No. 5 will focus on attracting investors and semiconductor enterprises from Taiwan (China).
“When the factories in Industrial Park No. 5 come into operation, they will create more jobs and income for local people. At the same time, the activities of the Industrial Park will contribute positively to the socio-economic development of the locality,” said Mr. Nghi.
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| Secondary investors are building factories in Industrial Park No. 5. |
Investor Destination
After starting construction (March 2023), Industrial Park No. 5 welcomed many delegations of businesses and investors to survey and learn. In May 2024, about 50 businesses from the Taiwan Electromechanical and Electronics Association (China) - TEEMA came to survey the industrial park.
With convenient traffic connections and many incentives in attracting investment, up to now, Industrial Park No. 5 has attracted 12 projects, including 10 enterprises from Taiwan (China), with registered capital of about 200 million USD, mainly electronics enterprises, supporting production for large economic groups in the world, in line with the goals and orientations of attracting investment and development of Hung Yen province.
At the Conference to announce the Planning of Hung Yen province for the period of 2021 - 2030, with a vision to 2050 and Investment Promotion held in early July 2024, among the 20 FDI projects granted investment certificates by Hung Yen province, there were 5 projects invested in Industrial Park No. 5. These are the RFID label production project (using radio waves to read and collect information stored on tags attached to objects) of Arizon, with an investment capital of 67 million USD; Mechanical engineering product production project (30 million USD); Cable, connector and antenna production project (16.5 million USD); Connector and electronic components production project (10 million USD); Electronic link production project (18.6 million USD)
As a major RFID supplier, Arizon has supplied more than 3 billion RFID products of all kinds worldwide in 2023. In this investment to expand production, Arizon has chosen to build a factory in Industrial Park No. 5, with an area twice as large as the current factory in Yangzhou (China).
Speaking at the Conference to announce the Planning of Hung Yen province for the period 2021 - 2030, vision to 2050 and Investment Promotion of Hung Yen province, Mr. Ho, Yi Da, Chairman of Arizon Technology Co., Ltd. (Vietnam) expressed: “In the process of searching for a location for the factory, we surveyed more than 20 countries and territories. The favorable geographical location of Hung Yen province, the vision of the leaders, the support for the semiconductor industry and the practical preferential policies of Industrial Park No. 5 are the main reasons for us to choose this place as a stop...”.
Previously, on May 30, 2024, Arizon held a groundbreaking ceremony to start the construction of the Arizon Technology Factory (Vietnam). The factory produces high-tech products to serve many large enterprises in the US, Japan and European markets such as Walmart, Uniqlo... The factory is expected to come into operation in 2025, with an estimated annual revenue of VND 22,000 billion.
Recently, on July 13, Wieson Technologies Vietnam Factory with a total investment of 16.5 million USD, specializing in manufacturing electronic components such as cables and connectors, was also started at Industrial Park No. 5. Wieson Technologies Vietnam aims to produce 2.64 million internal antenna devices, 2.76 million external antenna devices each year; 25.2 million SMT and Spring type DP connector products; 10 million HDMI SPRING-1 type 2.1 I/M connector products.
Source: https://baodautu.vn/khu-cong-nghiep-so-5---dia-chi-vang-cho-cac-nha-dau-tu-tai-hung-yen-d220971.html
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