Nghi Son Industrial Park No. 5 – The new growth engine of MIZA in Thanh Hoa province

Nghi Son Industrial Park No. 5 has a scale of 162.15 hectares, is a key project of Thanh Hoa province, oriented to develop into a specialized industrial park for the paper and packaging industry. This is a sector with strong growth demand thanks to the boom of e-commerce, logistics and consumer goods manufacturing.

With a total investment of about VND 1,497 billion, the project not only stops at providing infrastructure, but is also positioned as a new generation industrial park, integrating production, logistics and supporting industry ecosystems. Industrial Park No. 5 owns a particularly favorable location in Nghi Son Economic Zone, one of the coastal economic zones prioritized by the Government for long-term development. The project is capable of connecting a variety of modes of transportation: Road: National Highway 1A, North-South Expressway; Railway: Hanoi – Ho Chi Minh City route Ho Chi Minh City; Waterway: Nghi Son deep-water port with the ability to receive large-tonnage ships (up to 100,000 tons); Aviation: Tho Xuan Airport with a design capacity of 1.2 million passengers/year, oriented to become an international airport. This connection helps businesses in the industrial park optimize logistics costs, improve competitiveness, especially for export enterprises.

Thanh Hoa is one of the localities with the fastest infrastructure investment rate in the country. The socio-economic infrastructure system has been continuously upgraded, and the planning of Thanh Hoa province has been approved by the Prime Minister, creating a clear legal foundation for long-term development.

In addition, the institutional system is increasingly improving, improving the effectiveness and efficiency of management, creating a transparent, stable and attractive investment environment. According to Resolution No. 58-NQ/TW dated 05/08/2020 of the Politburo, Thanh Hoa is oriented to become:

"The province is rich, beautiful, civilized and modern; one of the major centers of the North Central region and the whole country in terms of energy industry, processing and manufacturing, high value-added agriculture and logistics services."

In that context, Nghi Son Economic Zone – where Industrial Park No. 5 is located – enjoys many outstanding incentives: Long-term corporate income tax incentives; Land rent exemption and reduction; Investment support from local authorities. These factors create a "double leverage" to help increase the attractiveness of the project to FDI inflows.

In addition, production costs in traditional industrial centers such as Bac Ninh, Hai Phong, and Binh Duong are increasing, causing FDI inflows to tend to shift to new localities. Thanh Hoa – with the advantages of land fund, competitive costs and strategic infrastructure – is entering the "early growth" stage of the industrial cycle: Infrastructure develops rapidly; FDI inflows increased; Land prices and costs are still reasonable. The difference of Nghi Son Industrial Park No. 5 lies in the development orientation as a growth platform (scalable platform), instead of just a traditional industrial park: Synchronous planning from the beginning; Development of ancillary ecosystems (logistics, services, associated production); Scalability and integration of future projects.

Combined with Miza Group's long-term development vision and implementation capacity, the project not only brings stable cash flow, but also opens up the potential for outstanding asset value increase in the medium and long term. After completing the industrial park, Miza Group will bring its factories in Nghi Son and Dong Anh into the overall ecosystem to optimize transportation costs, labor costs, and reduce the cost of importing input materials. 

Links to famous newspapers publishing about the Signing Ceremony of the Investment Memorandum of Understanding for Miza Nghi Son Industrial Park Project in Thanh Hoa:

Vietstock: https://vietstock.vn/.../kcn-so-5-nghi-son-dong-luc-tang...

Tinnhanhchungkhoan: https://m.tinnhanhchungkhoan.vn/kcn-so-5-nghi-son-dong...

Vneconomy: https://vneconomy.vn/khu-cong-nghiep-so-5-nghi-son-dong...

CafeF: https://cafef.vn/kcn-so-5-nghi-son-dong-luc-tang-truong...