Hoa Hoi Industrial Park – Binh Dinh Province
Hoa Hoi Industrial Park – Binh Dinh Province. Area: 266.09 HA – Lease term: June 2066.
General Information
Hoa Hoi Industrial Park in Binh Dinh Province is included in the national master plan for industrial park development in Vietnam to 2015 with orientation to 2020, approved under Decision No. 1107/QD-TTg dated August 21, 2006 of the Prime Minister. The detailed planning of Hoa Hoi Industrial Park was approved under Decision No. 506/QD-CTUBND dated March 1, 2007 by the Chairman of the Provincial People’s Committee.
The total planned land area of Hoa Hoi Industrial Park is 266.09 ha, with a total investment capital of VND 817.31 billion. Phuc Loc Industrial Park Development and Investment Corporation – JSC (PHUCLOC IDC) was granted the initial Investment Registration Certificate by the Provincial Economic Zone Management Board on June 3, 2016, and the second amendment on August 15, 2018, to implement the project for construction and operation of infrastructure of Hoa Hoi Industrial Park.
PHUCLOC IDC aims to develop high value added industrial parks, green and clean industrial parks that are environmentally friendly and suitable for the specific characteristics of each locality.
Investment Attraction
Once fully operational, the industrial park is expected to attract approximately USD 1 billion in investment capital and create jobs for about 20,000 to 30,000 workers. Hoa Hoi Industrial Park is oriented to become a key industrial park in the Central and Central Highlands regions.
However, the progress of infrastructure development has been relatively slow, affecting investment attraction and production activities of secondary investors. Currently, PHUCLOC IDC is allocating capital and actively coordinating with local authorities to accelerate site clearance for the remaining land area and resolve compensation and clearance issues in accordance with regulations.
Location
Hoa Hoi Industrial Park is located in Cat Hanh Commune, Phu Cat District. The industrial park has a strategic location adjacent to National Highway 1A and directly connected to Provincial Road 634, providing convenient access to National Highway 1A, National Highway 1D, major seaports and airports. This location enables easy connectivity from Binh Dinh Province to other provinces and neighboring regions.
Infrastructure
Infrastructure
Hoa Hoi Industrial Park is developed with modern standard infrastructure, capable of accommodating a wide range of investment projects in manufacturing, processing and production. Investors are provided with a complete and synchronized infrastructure system including:
Internal Transportation
Internal roads are well planned and synchronously invested, ensuring stable and efficient operation for investors’ production and business activities.
Power Supply
Electricity is supplied from the national power grid through a 110/22 kV (35 kV) substation with a capacity of 63 KVA. The capacity can be upgraded to meet investors’ demand.
Public Lighting System
Street lighting system is designed separately from residential power supply and arranged along main traffic routes.
Water Supply
Water supply plant has a capacity of 7,000 m3/day. The capacity can be increased to meet investors’ usage demand.
Drainage System
Rainwater drainage system includes underground pipelines with diameters from D600 to D2000 installed along internal roads and sidewalks.
Solid Waste Treatment
Investors sign contracts with Quy Nhon Urban Environment Joint Stock Company for collection, transportation and treatment of regular solid waste. Hazardous waste is handled under contracts with Hau Sanh Trading and Environment Co., Ltd.
Wastewater Treatment
The wastewater treatment plant has a total capacity of 4,800 m3/day. Phase 1, with a capacity of 1,200 m3/day, was scheduled for completion in Q4/2022. Treatment capacity can be expanded to meet investors’ demand. Wastewater is preliminarily treated at factories before being discharged into the centralized wastewater system of the industrial park.
Telecommunications
The telecommunications system is modernly equipped, ensuring stable connection with high speed.
Main industries in industrial parks
Hoa Hoi Industrial Park is a multi sector industrial park within the overall development of Nhon Hoi Economic Zone, attracting the following industries:
Electrical, refrigeration, electronics and mechanical industries
Machinery manufacturing, automobile and motorcycle assembly
High grade construction materials production
Agricultural and forestry processing
Consumer goods and pharmaceutical manufacturing
Packaging production, light industry, textile and footwear
Other industries approved by the Provincial People’s Committee
Labor costs
Hoa Hoi Industrial Park is located in Cat Hanh Commune, Phu Cat District, Binh Dinh Province, classified as Region IV. The current minimum regional wage for Region IV is 3,250,000 VND/month.
Social infrastructure
Customs services: Convenient customs procedures
Banks: Oceanbank, Vietcombank, BIDV, PG Bank, SeABank, VietinBank, Techcombank
Postal and logistics services: TDT Express, VNPT, DHL, FedEx, TNT with door to door delivery
Bus services: Convenient bus routes connecting the industrial park with Central and Southern provinces
Firefighting: Fire hydrants installed along internal roads with a distance of 150 m between hydrants
Housing: Located near populated residential areas, ensuring accommodation and living needs for workers
Hospitals: Phu Cat District has a comprehensive healthcare system with provincial general hospitals meeting medical demand
Schools: Education system from preschool to higher levels, ensuring good education quality
Labor force: Abundant labor supply with skilled workers for textile, forestry processing and seafood processing industries. Total labor force: 884,098 people, including 49,909 technical workers and 78,546 college and university graduates
Investment Incentives
Hoa Hoi Industrial Park enjoys the highest investment incentives currently available:
- Corporate income tax: Preferential tax rate of 10% for 15 years from the start of operation; 4 years tax exemption and 50% reduction for the following 9 years
- Land rent: Full exemption of land rent for the entire project operation period at Hoa Hoi Industrial Park
- VAT: 0% for Export Processing Enterprises (EPE)
- Profit remittance tax abroad: 0%
- Import export tax exemption:
- Exemption of import tax on goods imported to form fixed assets
- Exemption of import tax on raw materials, supplies and components for 5 years.
(Note: all information above is for reference only. Actual information will be calculated according to the current time)
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