Hoa Binh Industrial Parks Latest Update
Hoa Binh province boasts a favorable geographical location, comparable to other northern provinces of Vietnam. However, the development of industrial parks (IPs) and clusters remains limited, partly due to slow progress in technical infrastructure investment and outdated planning.
Although the Hoa Binh industrial parks have not yet fully leveraged their potential, they present a promising opportunity for industrial real estate investment. These IPs house key industries that significantly contribute to production, export, investment, and employment, including textile and garment, electronic component assembly, processed food, hydropower, cement, and brick production.
The province currently has eight IPs with a total planned area of 1,510 hectares. As of now, 103 investment projects have been implemented in these IPs, including 27 foreign direct investment (FDI) projects with a total registered capital of USD 528.1 million and 76 domestic direct investment (DDI) projects with a total registered capital of VND 11,084.45 billion.
Infrastructure Development and Investment Attraction
Hoa Binh’s IPs have achieved the following milestones:
- Clean land for investment attraction reached 100 hectares, a 400% increase compared to 2020, meeting 100% of the planned target.
- The average occupancy rate of industrial land reached 25.08 hectares, a 1.99% increase compared to 2020, meeting 100% of the planned target.
- 50% of the IPs (4/8) now have infrastructure investors, a 33.3% increase compared to 2020, achieving 100% of the planned target.
- 50% of the IPs (4/8) have essential technical infrastructure projects, a 33.3% increase compared to 2020, achieving 100% of the planned target.
- 60% of the operational IPs (3/5) have centralized wastewater treatment systems meeting environmental standards, achieving 100% of the planned target.
In 2021, enterprises in the IPs achieved key targets:
- Total revenue reached VND 17,989 billion, a 14.4% increase compared to 2020 and a 13.9% increase compared to the plan.
- Export value reached USD 690 million, a 7.8% increase compared to 2020 and an 11.2% increase compared to the plan.
- Contributions to the state budget amounted to VND 250 billion, a 25% increase compared to 2020, achieving 100% of the plan.
The average occupancy rate of IPs with infrastructure investors reached 56.9%. Three out of eight IPs have technical infrastructure investors, and two out of eight operational IPs have centralized wastewater treatment systems meeting environmental standards.
The total implemented investment capital reached VND 1,097.371 billion, including VND 174 billion from the central budget, VND 410.7 billion from the local budget, and VND 512.671 billion from enterprises.
Goals by 2025
Hoa Binh’s industrial structure is gradually becoming more dynamic, with a clear trend towards industrial development. The focus is to reduce the proportion of mining and rapidly increase the proportion of processing and manufacturing industries.
Industrial development is set to become the driving force of the province’s economy, promoting sustainable growth and contributing to other sectors’ development. By 2025, the goal is for the industrial and construction sector to account for 54% of the provincial economic structure. Additionally, the target is for industrial land to make up about 1% of the province’s total natural land area by 2025.
List of Six Hoa Binh Industrial Parks with Infrastructure Investors
To date, the IPs in Hoa Binh province have been planned in alignment with the provincial master plan. Industrial development, expansion, and land occupancy remain key tasks for the province in the upcoming period.
The IPs are strategically located along key routes such as National Highway 6, the Hoa Lac-Hoa Binh Expressway, and the Ho Chi Minh Road, offering convenient access to transportation, electricity, and water infrastructure. Currently, seven operational IPs in the province include:
- Luong Son Industrial Park
- Mong Hoa Industrial Park
- Yen Quang Industrial Park
- Lac Thinh Industrial Park
- Nam Luong Son Industrial Park
- Thanh Ha Industrial Park
Additionally, five industrial clusters are in operation, attracting hundreds of investment projects and employing thousands of local workers.
1. Luong Son Industrial Park
- Established under Decision No. 78/QD-UBND dated January 21, 2011.
- Total area: 230 hectares.
- Infrastructure includes roads meeting H30 load standards, a centralized wastewater treatment plant with a capacity of 3,000 m³/day, and electricity from a 110 kV substation.
- Key industries: processing of agricultural and forestry products, manufacturing construction materials, assembly of mechanical and electronic components, and production of consumer goods for export.
- Investor: An Thinh Hoa Binh Real Estate JSC.
- Address: Hoa Son Commune, Luong Son District, Hoa Binh Province.
- Term: Until 2061.
2. Mong Hoa Industrial Park
- Strategically located near National Highway 6 and the Hoa Lac-Hoa Binh Expressway.
- Total area: 235.86 hectares.
- Current investment projects: 24 (1 FDI and 23 DDI), occupying 49.75 hectares.
- Key industries: textiles, electronic components, and mechanical products.
- Investor: Phu My Group JSC.
- Address: Mong Hoa Commune, Ky Son District, Hoa Binh Province.
- Term: Until 2068.
3. Left Bank of Da River Industrial Park
- Located in Huu Nghi Ward, Hoa Binh City.
- Total area: 68.37 hectares.
- Key industries: high-tech, environment-friendly industries.
- Investor: Da Hop Trading JSC.
- Term: Until June 30, 2064.
4. Nam Luong Son Industrial Park
- Location: In Hoa Son Commune, Luong Son District.
- Total planned area: 196 hectares.
- Key industries: Manufacturing of consumer goods, textile and garment industries, mechanics, electronics, and food processing.
- Investor: An Thinh Hoa Binh Real Estate JSC.
- Term: Until 2068.
5. Lac Thinh Industrial Park
- Location: In Lac Thinh Commune, Yen Thuy District.
- Total planned area: 220 hectares.
- Key industries: Production of construction materials, mechanics, and clean energy.
- Infrastructure: Near essential transportation routes; currently under development for comprehensive infrastructure.
- Investor: Waiting for updated details on infrastructure investment.
6. Thanh Ha Industrial Park
- Location: In Thanh Ha Commune, Lac Thuy District.
- Total planned area: 234 hectares.
- Key industries: Manufacturing of machinery, mechanics, clean industries, and light industries.
- Infrastructure: Centralized wastewater treatment system is under development.
Provincial Support for Businesses
To support investors, Hoa Binh province has implemented various mechanisms to facilitate business operations and development within industrial parks. These include:
- Tax Incentives:Preferential corporate income tax rates for businesses operating in high-priority sectors.
- Land Use Policies:Reduced land rental costs for businesses operating in industrial parks.
- Administrative Reforms:Simplified procedures for obtaining permits, licenses, and approvals for investment projects.
Workforce Development
Hoa Binh is committed to fostering a skilled workforce to meet industrial demand. Collaboration with universities, vocational schools, and technical training centers is a priority to ensure a consistent supply of qualified personnel. Key programs include:
- Specialized technical training in priority industries.
- Upskilling initiatives for local workers.
- Partnerships with enterprises for on-site training and recruitment.
Investment Opportunities
Hoa Binh province actively invites domestic and foreign investors to explore opportunities in its industrial parks. With its proximity to Hanoi and strategic location along key transport routes, the province offers numerous advantages, including competitive land rental costs and a supportive investment climate.
For further information, interested investors can contact the Hoa Binh Industrial Park Management Board or Blue Ocean Realty for detailed guidance on policies, procedures, and available opportunities.
(Note: all information above is for reference only. Actual information will be calculated according to the current time)
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