Luong Son Industrial Park - Hoa Binh Province
Luong Son Industrial Park – Hoa Binh Province. Total Area: 230 hectares – Term: Until 2061
Overview
Luong Son Industrial Park was established under Decision No. 78/QĐ-UBND dated January 21, 2011, by the People’s Committee of Hoa Binh Province. The park, covering 230 hectares, is developed by An Thinh Hoa Binh Real Estate Corporation. Its strategic location provides excellent connectivity to major economic regions such as Hanoi, Hai Phong, and Quang Ninh, offering investors substantial advantages in trade and logistics.
As of now, nearly 30 enterprises, including many FDI firms from Japan, South Korea, and India, have invested in the park. The total registered investment is approximately $300 million and 1,200 billion VND, with businesses operating across various industries such as telecommunications equipment, garment manufacturing, steel, mechanical components, automotive parts, aluminum, and construction glass.
The secondary investors in Luong Son Industrial Park have introduced innovative products to the province’s industrial sector, creating jobs for about 15,000 workers, enhancing export values, and contributing to the provincial budget. The park has also played a vital role in promoting economic development and social welfare. Notable enterprises include Minh Trung Co., Ltd., INC Co., Ltd. (South Korea), Dongah Elecomm Vietnam Co., Ltd. (South Korea), Composite JSC, Techno JSC, and Almine Vietnam Co., Ltd.
Location
Luong Son Industrial Park is situated in Hoa Son Commune, Luong Son District, Hoa Binh Province, along National Highway 6. It is approximately 40–60 minutes by car from Hanoi via National Highway 6 or Lang-Hoa Lac Road. Its proximity to Hanoi, abundant skilled labor, and suitability for diverse business models make it an attractive destination for domestic and international investors.
Infrastructure
Internal Roads:
- Main roads: 26 meters wide.
- Branch roads: 15 meters wide.
Electricity Supply:
A 110kV substation is located within the park. Electricity from the Song Da hydropower plant is transmitted via a 110/220 (2×25) MVA transformer station, ensuring stable and sufficient power for factories and warehouses.
Public Lighting System:
A dedicated street lighting system is installed along the park’s internal roads, separate from residential power supply.
Water Supply:
Clean water is supplied from Song Da Water Plant and underground water systems within the park, with a capacity of 6,000 m³/day, ensuring uninterrupted water supply for industrial operations.
Drainage System:
Separate systems for stormwater and wastewater. Wastewater undergoes pre-treatment at factories before being collected and processed at the central treatment station. Treated water meets Class B – TCVN 1995 standards before being discharged.
Waste Management:
Solid and liquid waste is sorted and collected for proper disposal.
Wastewater Treatment:
The centralized wastewater treatment station has a capacity of 3,000 m³/day-night.
Telecommunication System:
A modern telecom network with 1,000 lines and high-speed internet provided by VNPT, EVN, and Viettel ensures efficient domestic and international communication.
Supported Industries
Luong Son Industrial Park focuses on environmentally friendly industries, including:
- Agricultural and forestry product processing.
- Building materials production.
- Mechanical and electronic assembly.
- Bicycle and motorcycle manufacturing.
- Consumer goods processing for export.
Labor costs
Luong Son Industrial Park is in Region III, where the current minimum wage is 3,860,000 VND/month.
Social Infrastructure
- Customs Services:Close proximity to a customs office ensures quick and convenient export-import procedures for businesses.
- Banking:Banks located just 1 km from the park facilitate smooth financial transactions.
- Postal Services:Advanced communication technology supports multi-service transmission, including data, internet, and video conferencing.
- Public Transport:A bus network connects the park to cities like Hanoi, Hai Phong, and Quang Ninh.
- Fire Safety:On-site fire hydrants are installed along internal roads to ensure rapid response in emergencies.
- Housing:The park is near a bustling residential area, providing housing and living facilities for workers.
- Healthcare:Workers can access medical services at Luong Son General Hospital, Nam Luong Son Hospital, and other local healthcare centers.
- Education:A comprehensive school system from preschool to high school ensures quality education for workers’ children.
Investment Advantages
Strategic Location:
- Located 36 km from Hanoi via National Highway 6 or Lang-Hoa Lac Road.
- Close to key transportation hubs: 120 km from Hai Phong Port and 65 km from Noi Bai Airport, facilitating goods transportation and export.
Tax Incentives:
Luong Son Industrial Park benefits from special tax policies provided by the Government and Hoa Binh Province:
- Land Lease:Exemption for 11 years.
- Corporate Income Tax:
- For electronics and industrial transport equipment production: 15% tax rate for 12 years.
- For other industries: 20% tax rate for 10 years.
- Tax exemption for 3 years and a 50% reduction for the next 7 years for priority sectors.
- Tax exemption for 2 years and a 50% reduction for the next 6 years for other sectors.
- Other Incentives:Exemptions for export-import duties, land rental fees, and additional benefits under government regulations.
(Note: all information above is for reference only. Actual information will be calculated according to the current time)
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