Yen My II Industrial Park – attractive investment destination for investors

Yen My II Industrial Park (IP) in the northern province of Hung Yen received a wave of both local and foreign investors to rent land for their warehouses and workshop construction in the first half of the year. With favourable location between two National Highways of 5A and 5B, the 300ha Yen My IP has become an attractive investment destination for both domestic and foreign investors.

Yen My Industrial Park has attracted a lot of investors

These include names as Kokwang Industry Vietnam (South Korea), Mingshin Vietnam (Hong Kong), especially Uni - President Group based in Taiwan, one of the foreign investors to Viet Nam earliest male, specialising in producing soft drinks, food and animal feed. In its expansion plan, Uni - President Group chose Yen My II IP to locate its two factories, Uni - President Vietnam Limited Company and Northern Tribeco Co., Ltd with an area of 13.7 ha and total investment of over VND1 trillion, the highest capital among enterprises selecting the IP as their investment destination so far.

In addition to Yen My IP, Pho Noi A IP in Hung Yen and Hoa Mac IP in northern province of Ha Nam invested by Hoa Phat Group have also attracted many investors. In the first six months of the year, Hoa Phat’s industrial parks leased 35ha to enterprises with a total investment of VND2.38 trillion. This result has grown significantly over the same period and far exceeded the total area and rental value of the whole year 2018.

According to Management Board of Industrial Zones in Hung Yen Province, industrial parks in the province attracted 28 new investment projects in January-June period. Of which, Pho Noi A and Yen My II IPs of Hoa Phat Group accounted for a half. Yen My II IP has a synchronous infrastructure system with a concentrated waste water treatment with capacity of 3,000 cu.metre a day and a clean water station with capacity of 6,000 cu.metre a day. With preferentials and other facilities, the completed infrastructure has been one of important factors to help IPs invested by Hoa Phat Group attract a big number of investors.

With favourable location and a synchronous and modern infrastructure from internal transport system, water and electricity systems as well as concentrated waste water treatment, Hoa Phat’s IPs have always been attractive to investors with high occupancy rate.

Hong Hanh