70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Hanoinews
Industrial park helps spearhead Hanoi’s supporting industries
Ngoc Thuy 09:20, 2020/06/06
At full capacity, the industrial park could accommodate up to 2,000 enterprises and create 150,000 – 200,000 direct jobs.

Hanoi Sourthern Supporting Industrial Park (HANSSIP) is considered a focal point in attracting both foreign and domestic investors in the field of supporting industries, Nhan Dan newspaper reported.

 Hanoi supporting industries bussiness association (HANSIBA) signed a cooperation agreement with Japan-based Onaga company. 

HANSSIP was designed under the Japanese standard by design consultant firm Nikken Seikkei Civil for on-site production chains.

The industrial park covers an area of 640 hectares and located  in Hanoi's Phu Xuyen industrial satellite service urban area to the south of the downtown, adjacent to National Highway 1A and National Highway 1B - Phap Van Cau Gie.

At full capacity, HANSSIP could accommodate up to 2,000 enterprises and create 150,000 – 200,000 direct jobs.

Hanoi expects HANSSIP to be the driving force for Phu Xuyen, one of Hanoi’s five major satellite urban areas.

To date, major global firms have landed at HANSSIP, including the Association of Japanese manufacturers of aircraft components in Kobe prefecture and Onaga, producers of aircraft components for Boeing and Airbus; South Korea – based MBI, which is specialized in manufacturing products using renewable energies; Japan Die and Mold Industry Association, among others.

More importantly, the establishment of HANSSIP helped form Hanoi’s Association of Firms in Supporting Industries, which consists of 200 members being suppliers for multinationals such as Honda, Canon, among others.

The significance of HANSSIP has been growing since the Covid-19 pandemic, during which the world saw a surge in demand for face masks, medical equipment or ventilators, but many of them could not be produced in Vietnam due to the lack of development of the supporting industries.

With an investment capital of up to US$5 billion, HANSSIP is the first specialized supporting industrial park in Vietnam, while the government expects that HANSSIP will become a successful example in creating an impetus to drive up the country's supporting industries.

In addition, enterprises participating in manufacturing supporting industrial products in HANSSIP according to the regulations of the Vietnamese government will receive special incentives regarding corporate income tax, import tax, VAT, personal income tax, among others.

RELATED NEWS
TAG: Hanoi Hanssip supporting industries Vietnam Japan Nikken Seikkei Civil Phu Xuyen satellite urban areas
Other news
21:30, 2024/04/25
Bus trips from Hanoi to increase by 350% in the upcoming holidays
Local bus stations are expected to handle 950-1,000 bus trips per day.
15:38, 2024/04/25
Hanoi, Vientiane explore cooperation opportunities in tourism development
Hanoi sees cultural and human development not only as goals but also as resources and drivers of development, with heritage preservation and promotion being crucial and leveraged through technology.
17:20, 2024/04/24
Happy Parents, Successful Children: Parenting in digital age
Thanh Cong Secondary School holds a seminar on innovative parenting in the digital age.
15:39, 2024/04/24
Fireworks to light up Hanoi's 70th Liberation Day
The skies over Hanoi will be illuminated by aerial and ground fireworks, bringing joy and excitement to the city's residents.
16:30, 2024/04/22
Hanoi tourism sector struggles with rising airfares
Amid high airfares, tour operators in Hanoi are now looking to explore the northern market.
08:55, 2024/04/22
Hanoi steps up effort to address air pollution
Experts have said that air pollution has had an incalculable impact on public health and the economy, with cases of cardiovascular and respiratory illnesses increasing yearly.