SHI IP Tam Duong Industrial Park – A Key Industrial Park Project of Phu Tho Province
With the goal of using industry as a driving force for economic development, Phu Tho Province (formerly Vinh Phuc Province) is gradually becoming one of the leading destinations for industrial park projects in Northern Vietnam.
Among them, SHI IP Tam Duong Industrial Park is expected to become a symbol of sustainable development and strategic investment attraction, making a significant contribution to the province’s economic growth.
Phu Tho – A New Industrial Hub in Northern Vietnam
In recent years, Phu Tho Province (formerly Vinh Phuc Province) has emerged as an important industrial hub in Northern Vietnam with impressive growth. To date, the province has planned 29 industrial parks, including 17 large-scale industrial parks covering a total area of 3,146 hectares. The province currently has 493 valid investment projects, including 376 FDI projects from 20 countries, with a total registered investment capital of USD 6.74 billion, mainly concentrated in electronic component manufacturing (50.4%) and automobile and motorcycle assembly (12.8%). These industrial parks have created employment opportunities for 142,440 workers.
Location is a strategic factor that enables Phu Tho to become an industrial center, attracting both domestic and foreign investors. With its proximity to Hanoi and convenient connections to Hai Phong Port and Noi Bai International Airport, the province is well positioned to efficiently meet logistics demands.
At the “Sustainable Development of Industrial Parks in Vinh Phuc Province” Conference, Mr. Tran Quoc Trung, Deputy Director General of the Department of Economic Zone Management under the Ministry of Planning and Investment, stated that the province’s orientation over the next five years is to focus on expanding industrial park areas, particularly projects developed under the eco-industrial park model.
Competitive Advantages of SHI IP Tam Duong Industrial Park
Stretching across Huong Dao Commune, Dao Tu Commune, and Hop Hoa Town, Tam Duong District, Phu Tho Province (formerly Vinh Phuc Province), SHI IP Tam Duong enjoys a prime strategic location with direct access to Northern Vietnam’s key expressways. The industrial park is only 60 minutes from downtown Hanoi and approximately 30 minutes from Noi Bai International Airport, the country’s major international aviation gateway. Located near two expressway interchanges—IC4 (4 km away) and IC5 (1 km away)—the project offers seamless connectivity to the Hanoi–Lao Cai, Hanoi–Hai Phong–Quang Ninh, Hanoi–Bac Giang–Lang Son, and Hanoi–Thai Nguyen expressways, as well as the Vinh Phuc ICD Inland Container Depot.
With a total area of 162.33 hectares, including 116.03 hectares of leasable industrial land and 5.59 hectares dedicated to commercial, service, and administrative facilities, SHI IP Tam Duong has made significant investments in power supply, clean water, wastewater treatment, and telecommunications infrastructure, all designed with modern and integrated systems to serve high-tech industries. This not only ensures smooth manufacturing operations but also provides a high-quality and efficient working environment for businesses and employees.
SHI IP Tam Duong is positioned as a development hub for high-value industries such as electronics, telecommunications technology, automotive manufacturing, processing and manufacturing industries, and supporting industries. These sectors generate high revenues and require skilled technical labor, advanced industrial infrastructure, and high-quality supporting services. This development orientation aligns with the sustainable industrial development strategy of both the region and the country, while enhancing the industrial park’s international competitiveness.
To encourage investment and facilitate business operations, SHI IP Tam Duong offers attractive tax incentives, particularly in terms of corporate income tax and import-export tax. These policies help reduce initial investment costs for enterprises and create strong incentives to attract large-scale projects from various countries and territories, thereby promoting sustainable economic development and increasing the overall value of the region.
Current Achievements and Future Plans
To date, SHI IP Tam Duong Industrial Park is gradually becoming an ideal investment destination for enterprises from leading industrial countries such as South Korea, Japan, and Singapore. These companies bring industry diversity and are reputable partners in the fields of high technology, automotive manufacturing, and electronic equipment production.
In the future, SHI IP Tam Duong aims to become one of the leading industrial centers in Northern Vietnam, promoting exports and creating employment opportunities for thousands of local workers. With its strategic location, modern infrastructure, high-tech industrial orientation, and outstanding investment incentives, SHI IP Tam Duong is expected to serve as a solid bridge for international cooperation and sustainable development in the years to come.
