Hai Long Industrial Park: Paving the Way for Breakthrough Investment in Thai Binh Province

As the second industrial park (after Lien Ha Thai) approved by the Prime Minister for establishment and licensed to be built in Thai Binh Economic Zone, Hai Long Industrial Park will be an attractive investment address, expected to give a strong facelift to socioeconomic development of Tien Hai district and create breakthroughs in investment attraction into Thai Binh province.

Perspective of Hai Long Industrial Park

New attractive destination

Hai Long IP was established by the Prime Minister in Decision 1370/QD-TTg dated November 9, 2022 and invested by Bao Minh Industrial Park Infrastructure Investment Joint Stock Company. As soon as the planning was approved, many investors saw it as a potential investment destination because it not only had a large industrial land fund but also had a prime location with convenient traffic infrastructure.

Specifically, the project was planned to be located by the Tra Ly River, with a coastal road running across the industrial park. Provincial roads (464 and 221D) create a traffic connection network to make transportation easier and faster to better serve investment, production and business development activities. In addition, Hai Long IP is only about 40km from Cat Bi International Airport and Tan Cang Hai Phong International Container Terminal, which is an ideal condition for businesses to transport goods and meet production, import and export requirements.

Leaders of the provincial government and the Economic and Industrial Zones Authority are eagerly promoting investment attraction into Thai Binh industrial parks, especially Hai Long Industrial Park

At the groundbreaking ceremony of Hai Long Industrial Park, Deputy Secretary of the Provincial Party Committee, Chairman of the Provincial People's Committee Nguyen Khac Than emphasized: Advantageously connected with six provinces of Quang Ninh, Thai Binh, Ninh Binh, Nam Dinh, Thanh Hoa and Hai Phong, Hai Long IP will be a new destination for investors. The project is expected to change the face of the countryside and the life of local people and especially to rapidly shift the local economic structure towards a reducing share of agriculture and an increasing share of industry, trade and services.

Hai Long IP is located in Thai Binh Economic Zone. When secondary investors invest in projects here, they will enjoy special preferential policies of the central government and investment incentive policies of the province: Tax exemption and reduction and land rent exemption in 15 years. Moreover, tenants are really assured of human resources for their operations. In Tien Hai district, there are more than 60,000 skilled workers, with more than 1,000 new workers added every year.

In addition to the above advantages, Hai Long IP has a "soft advantage": Tenants always receive care and support from the primary investor. Bao Minh Industrial Park Infrastructure Investment Joint Stock Company is an investor with financial capacity and rich experience in investment, construction, management and operation of industrial parks. The company always supports investment in technical infrastructure construction to the foot of the fence of the project; assists site leveling; builds and operates factories; helps human resource training; and promotes trade and investment administrative procedures.

To date, more than a year after its groundbreaking, Hai Long IP has completed the first phase and prepared to receive 100ha of land for the second phase. The project will contribute to supplementing the industrial land fund of Thai Binh province, synchronously connect the infrastructure system, improve land use efficiency, attract projects using environment-friendly advanced technology and support local socioeconomic development. Currently, many secondary investors have come to rent land, but the company will study and select large, potential investors.

The Hai Long Industrial-Urban-Service Park is set to become operational in accordance with the investor's commitments

Towards green and sustainable industrial park

Mr. Do Quang Tuan, Deputy General Director of Bao Minh Industrial Park Infrastructure Investment Joint Stock Company, said: With a total area of 296.97 ha, Hai Long Industrial Park is planned to build a modern destination with synchronous green infrastructure, become one of the outstanding projects of Thai Binh Economic Zone and the Red River Delta region.

To achieve that goal, right from the beginning of detailed planning, the company designed the traffic system, water supply and drainage system, power grid, green tree system and centralized wastewater treatment plant in a synchronous and optimal manner for the industrial park to make sure that 100% of wastewater is collected to the centralized wastewater treatment system, 100% of the treated wastewater meets the mandatory standards before being discharged into the environment. So far, Hai Long IP has completed green tree infrastructure and internal traffic for the first phase of 30.6 ha.

In particular, with the goal of "Not only creating a professional working environment but also a good living environment", Bao Minh has planned to invest in building social housing for workers and experts at Hai Long Industrial Park. The company has also hired a consulting unit in a bid to have Hai Long IP certified LEED for green industrial parks.

In 2022, Bao Minh Industrial Park (based in Nam Dinh province), invested by Bao Minh Industrial Park Infrastructure Investment Joint Stock Company, was voted by VCCI as one of 12 typical industrial parks in Vietnam. Most recently, at the Vietnam Industrial Real Estate Forum 2024, the company was also honored as a green industrial real estate developer with a green transformation strategy, further strengthening its belief in the green and sustainable development of the company as well as Hai Long Industrial Park.

Furthermore, defining green and sustainable development as a vital trend and adding momentum to symbiotic economic development, Hai Long IP will focus on attracting electricity, electronics, mechanical engineering, mechanical assembling, agricultural processing, food and consumer goods projects. Besides, the park will draw garment, textile, high-end fabrics, ceramics, porcelain, warehousing, logistics and supporting industries.

These manufacturing industries bring high economic value, modern production technology and low impact on the environment while taking advantage of potential and advantages of land resources and local energy sources of Tien Hai district.

Remarking on the local investment environment, Deputy General Director Tuan said: When conducting research and surveys and carrying out the project, the company has always received timely support from the provincial government, departments, branches, sectors and the Tien Hai District People's Committee.

In addition to further promoting the investment attraction strategy as directed, Bao Minh will continue to maintain and affirm its brand and hopes that the province will trust the company to carry out other projects. Thai Binh will also need to strengthen administrative reform, promptly remove difficulties and obstacles, and speed up the completion of the coastal road projects. Doing so, the province will create breakthroughs in investment attraction; successfully realize the goal of making Thai Binh a fairly developed province, one of industrial development centers of the Red River Delta.

By Ha Thanh, Vietnam Business Forum