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BUSINESS SPOTLIGHT

Quang Ninh Province: Dong Mai IP attracting investors

Released at: 08:25, 29/10/2018 BUSINESS SPOTLIGHT

Quang Ninh Province: Dong Mai IP attracting investors

Interchange of National Highway 18 is 12km from Dong Mai IP, connecting the IP to the Ha Long – Hai Phong Expressway. Photo: Viglacera

The new Ha Long - Hai Phong Expressway now plays an important role in investment attraction and promoting regional connectivity.

by Dieu Huong

The Ha Long - Hai Phong Expressway officially opened on September 1, turning Quang Ninh province and the Dong Mai Industrial Park into potential destinations for investors in the north of Vietnam.

The expressway plays an important role in promoting regional connectivity in the 3H (Hanoi - Hai Phong - Quang Ninh) development triangle, helping to increase cargo traffic from Quang Ninh to other provinces in the north and vice-versa.

Direct connections put the Dong Mai Industrial Park just 12 km away from the Ha Long - Hai Phong Expressway. The expressway has also shortened the distance between Hanoi and the IP from 160 km to 107 km; halving the travel time from three hours to one and a half hours.

The distance from the IP to Hai Phong Port was also cut by two-thirds, from 75 km to 27 km, for a travel time of just 15 minutes, which eases the exchange of goods from Quang Ninh in general and Dong Mai IP in particular to the other countries via sea. Van Don International Airport is also expected to welcome its first aircraft in December, promising to expand air cargo transportation for enterprises at the IP.

Location of Dong Mai IP (Quang Yen in Quang Ninh province)

Dong Mai IP also possesses an advantage in an abundant workforce. The workforce in Quang Ninh province was estimated in 2016 at 691,900 people, with up to 3.7 million available in neighboring provinces. Quang Ninh is famous in the north for the quality of its education, with many prestigious universities, colleges and vocational schools, such as the Foreign Trade University, Ha Long University, and Singapore International School (SIS), among others, with 7,500 graduates each year.

Furthermore, the IP is only 20 minutes from Ha Long city, which is home to reputable hospitals such as Vinmec International Hospital and Quang Ninh General Hospital, as well as places for recreation and tourism, such as Ha Long Bay and the Sun World Ha Long Complex, etc.Therefore, investors don’t have to worry about dwelling places for workers or labor shortage comparing to other IPs

In 2013, the Yazaki Corporation - the largest Japanese group manufacturing meters, electronic components, and a host of other products for the world’s leading car manufacturers - invested in the Dong Mai IP. In 2016, Vega Balls Vietnam, belonging to the Taiwanese group Yuanchi - one of the top 5 manufactures of basketballs in the world - became the next investor. Dong Mai IP now has land available for lease at competitive prices and is ready to welcome enterprises building factories immediately.

With total investment of up to $30 million from the Viglacera Corporation, Dong Mai Industrial Park sits on 160 ha and has synchronous infrastructure. It provides 110/22KV of power from the national grid, has an in-house water supply station with a capacity of 6,500 cu m per day, and a separately-constructed rainwater and wastewater drainage system, with a wastewater treatment capacity of 4,800 cu m per day. Investors at the Dong Mai IP are supported by customs services, banks, hospitals, a post office, and, especially, the Dong Mai urban area on 9.1 ha, for workers who wish to live within the IP.

For further information, please contact: Viglacera Real Estate Company. Tel: (+84) 888 252 288 | Website: https://viglaceraip.com/en/

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