Hoa Cam Industrial Park

Overview of Hoa Cam Industrial Park:

Hoa Cam Industrial Park covers a total area of 261 hectares and is divided into two phases:

• Phase 1: covering an area of 136.7 hectares.
• Expansion Phase: covering an area of 13.1 hectares.

Phase 1:

Hoa Cam Industrial Park was established and construction began in 2003, with a planned total area of 137 hectares. In 2011, the planned area was adjusted to 136.73 hectares (according to Decision No. 6357/QD-UBND dated July 28, 2011 by the People’s Committee of Danang City).

On April 3, 2008, HOA CAM IZI officially took over the Industrial Park according to Decision No. 2768/QD-UBND by the People’s Committee of Danang City regarding the transfer of the Hoa Cam Industrial Park investor from Da Nang Infrastructure Development and Operation Company (Daizico) to Hoa Cam Industrial Zone Investment Joint Stock Company

The Industrial Park has attracted a total of 60 investment projects. The leased land area for these projects is 81.85 hectares out of the planned 96.13 hectares. This represents 85.15% of the total planned leased land area. Among the projects, there are 53 domestic projects occupying 58.20 hectares of leased land. Additionally, there are 7 foreign direct investment (FDI) projects occupying 23.65 hectares of leased land.

Expansion Phase:

The People’s Committee of Danang City approved the project for detailed planning at a scale of 1:500 (Decision No. 3045/QD-UBND dated May 26, 2015). Furthermore, the land revocation announcement was issued (Announcement No. 154/QD-UBND dated July 27, 2015).

The Department of Construction of Danang City has reviewed and approved the Infrastructure Technical Planning Design, including transportation, drainage, wastewater collection, water supply, electricity supply, telecommunications, and greenery (Decision No. 430/QD-SXD dated September 15, 2015).

• Currently, the company is carrying out land compensation and site clearance.
• Total investment amount (estimated): 63,000 million VND.
• Investment period: 3 years (from 2016 to 2018).

Geographical Location:

Hoa Cam Industrial Park is located in Hoa Tho Tay Ward, Cam Le District, Danang City.

Hoa Cam Industrial Park has a favorable geographical position in the southwest of Danang City, adjacent to National Highway 14B within the East-West Economic Corridor.

Especially, the Lien Chieu – Dung Quat Expressway runs through the middle of the Industrial Park with a 60-meter section.

Hoa Cam Industrial Park is the most strategically located industrial park among the five industrial parks in Danang. It is close to important infrastructure facilities of Danang City such as Tien Sa Port, Han River Port, Danang International Airport, Danang Railway Station, etc.

Infrastructure of Hoa Cam Industrial Park:

Hoa Cam Industrial Park has invested in complete and synchronous infrastructure such as power supply, water supply, traffic, and communication systems…

Internal transportation system:

• The internal traffic system of the industrial park connects to the outside traffic through 4 entrance gates. These entrances are strategically located in four directions, ensuring convenient movement of workers and transportation of goods.
• The main transportation network of the industrial park consists of three main axes connecting from National Highway 14B to the center of the industrial park, dividing the land into four zones. The industrial park has three main roads designed with 3 lanes and a road width of 11.25m. Additionally, there is a sidewalk measuring 2×6 meters, and a red road boundary spanning 23.25 meters. The secondary roads have a width of two lanes, a sidewalk of 2×4.5 meters, and a red road boundary of 16.5 meters.
• The internal transportation system follows a grid pattern with road intersections spaced approximately 300-400 meters apart. This design aims to optimize the utilization of both sides of the roads within the industrial park.

Power supply system:

• The industrial park is supplied with electricity from the Cau Do Substation with a capacity of 110/35/22KV(2×25)MVA. The 22KV (dual circuit) electrical network will supply 22/0.4KA substations for each enterprise and factory.
• Enterprises in the industrial park only need to invest in equipment and internal lighting after the 22/0.4KA transformer station for the enterprise.

Water supply system:

• Cau Do Water Plant provides clean water to the industrial area. The factory has a capacity of 210,000m3/day. Cau Do water plant uses Ø200 pipes along National Highway 14B to supply water to the industrial park.
• The water supply system for enterprises has water meters of each factory and enterprise to ensure the quality and quantity for production and living purposes.

Wastewater drainage and treatment system:

• The technological zone treats wastewater generated from standard factories and enterprises. The wastewater treatment plant will then discharge the wastewater into the industrial park’s wastewater network. Additionally, it undergoes further treatment at the park’s wastewater treatment plant. The plant has a capacity of 4,000 m3/day.
• The industrial park’s wastewater treatment plant will treat wastewater up to TCVN 5945-2005 standard before discharging it into the general drainage system of the area.

Postal and telecommunications services:

• The industrial park will establish a postal and telecommunications network with modern equipment meeting international standards. This includes the installation of a Main Distribution Frame (MDF).
• Telephone and high-speed internet transmission systems, provided by the postal and telecommunications sector, are capable of meeting all the requirements of investors.

Investment Attraction Sectors of Hoa Cam Industrial Park:

• Electronics, mechanical engineering, and assembly industry.
• Agricultural product processing and food industry.
• Building materials and high-end interior decoration industry.
• Other industries (plastics, cosmetics, packaging, etc.).

Investment Incentive Policies of Hoa Cam Industrial Park:

Corporate income tax incentives:

– Enterprises that are newly established as a result of investment projects in the following sectors:

• High technology as regulated by the law; scientific research and technology development.
• Software product manufacturing.

– Level of corporate income tax incentives:

• Preferential tax rate of 10% for 15 years. The period of application of incentives is calculated from the first year when the enterprise generates revenue.
• The tax exemption period for eligible enterprises is 4 years, followed by a 50% reduction in tax payable for the subsequent 9 years.
• This period starts from the first year in which the enterprise generates taxable income.
• If the enterprise does not have taxable income in the initial three years, the tax exemption and reduction period will begin from the fourth year, considering the first year of revenue from the investment project.
• After the expiration of the incentive period, the corporate income tax rate will return to the normal rate, which is 25%.

Import tax incentives:

• Investors in Vietnam’s investment projects enjoy import tax exemptions.
• This exemption applies to equipment, materials, transportation means, and other necessary goods.