I. Overview of Da River Left Bank Industrial Park – Hoa Binh:
Da River Left Bank Industrial Park was established according to Decision No. 2470/QD-UBND dated December 9, 2009 by the People’s Committee of Hoa Binh province. The industrial park is included in the development plan of Vietnamese industrial parks approved by the Prime Minister in Document No. 2350/TTg-KTN dated December 31, 2008.
It has been approved for detailed planning at a scale of 1:500. Da River Left Bank Industrial Park covers a total area of 68 hectares. This is an economically important region of the province, and moreover, Hoa Binh province serves as the gateway to the Northwest region, thus offering various potential locations for industrial development and transportation routes.
The infrastructure investor is Da Hop Joint Stock Company (Da Hop JSC).
Da River Left Bank Industrial Park follows the trend of developing high-tech industries with low environmental pollution, prioritizing sectors with large investments.
Investors have invested in and built the industrial park with modern and synchronized infrastructure, fully meeting the sustainable development standards of an industrial park. It will leverage abundant skilled labor resources and reasonable labor costs. This advantage brings many conveniences for investors in terms of labor recruitment and operational activities.
II. Geographical location of Da River Left Bank Industrial Park – Hoa Binh:
Da River Left Bank Industrial Park is located in Huu Nghi Ward, Hoa Binh City, Hoa Binh Province.
This area is an economic development hub of the province and serves as the gateway to the Northwest region. It possesses several geographical and transportation advantages for industrial development, including:
Northern boundary: Adjacent to Phu Tho Province.
Southern boundary: Adjacent to Ha Nam and Ninh Binh Provinces.
Eastern boundary: Adjacent to the capital city of Hanoi.
Western boundary: Adjacent to Thanh Hoa and Son La Provinces.
Located 72 km from the center of Hanoi.
Connected to Hoa Lac – Hoa Binh expressway (31 km).
Da River Left Bank Industrial Park is located in Huu Nghi Ward, Hoa Binh City, Hoa Binh Province. It is an important economic development area of the province. Hoa Binh serves as the gateway to the Northwest region, providing advantageous geographical location and transportation for industrial development.
Additionally, the Song Da River runs through Hoa Binh Province for a distance of 151 km, providing convenient access to major ports such as Bich Ha, Ba Cap, Thung Nai, and Binh Thanh, facilitating waterway transportation.
An overview perspective of Da River Left Bank IP – Hoa Binh – TTTFIC Group
III. Infrastructure of Da River Left Bank Industrial Park – Hoa Binh:
Internal Transportation:
The internal transportation network consists of main roads with four lanes and secondary roads with two lanes.
Electricity System:
The project is located within Hoa Binh City, where the Hoa Binh Hydroelectric Power Plant with a capacity of 1,900 MW is situated.
The industrial park has its own independent electricity system, separate from residential electricity, with a 22KV power transmission line supplying the businesses within the fenced area.
Specifically, the industrial park’s electricity system consists of a total of 20 transformers with ratings of 35/22/0.4KV.
The transformer stations have power capacities ranging from 160-2,500KVA.
Individual investors will conduct future upgrades and replacements according to the planned requirements, while keeping around 13 stations in their current condition.
Public Lighting System:
The street lighting network is designed separately from the residential power supply and is arranged along the road axes.
Water System:
The Hoa Binh Clean Water Joint Stock Company ensures a continuous water supply, operating 24/7 with a capacity of 11,000m3/day and night.
The Da Hop clean water plant, under construction within the core of the industrial park, will exclusively serve the industrial park with a capacity of 6,000m3/day and night.
Water is sourced from reservoirs, pumped and treated, and distributed to the planned area through a distribution pipeline of D315-160mm. From the distribution pipeline, water is supplied to the investors’ plots within the industrial park.
Wastewater and Rainwater Drainage System:
The wastewater drainage system is separate and independent from the rainwater drainage system.
The wastewater drainage system collects wastewater from production facilities and directs it to the main sewer lines. These sewer lines flow towards the wastewater treatment plant, which is located in the northeast of the project, at the downstream of the Dung stream.
The wastewater treatment plant treats the wastewater to meet the required standards before discharging it into the common drainage system of the area.
Waste Treatment:
Solid and soft waste is classified and collected for proper disposal at designated locations.
Wastewater Treatment:
The wastewater treatment plant covers an area of 15,245m2 with a capacity of 2,900m3/day and night.
Additionally, a wastewater treatment plant with a capacity of 1,200.3m3/day and night is under construction within the core of the industrial park.
Communication and Information System:
The master plan includes one central information and communication exchange. It also features an underground information cable network spanning around 1,935m in length. Additionally, there are cable cabinets strategically placed within the area. These facilities are designed to cater to the communication needs of approximately 120 subscribers.
IV. Investment-attracting industries in Da River Left Bank Industrial Park – Hoa Binh:
Da River Left Bank Industrial Park mainly attracts industries including:
Electronics and mechanical engineering.
Textile and garment: targeting industries that use advanced technology, have low environmental pollution, and prioritize large-scale investments.
A perspective on Da River Left Bank Industrial Park – Hoa Binh – TTTFIC Group
V. Investment costs in Da River Left Bank Industrial Park – Hoa Binh:
Project duration:
50 years from the date of investment certification.
Investors can lease long-term or transfer their investment.
During the lease period, investors can sublease or transfer to other small investors.
Investment costs:
Land rental price in Da River Left Bank Industrial Park is 1.2% of non-agricultural production and business land (according to Decision No. 22/2015/QD-UBND dated August 12, 2015, by the People’s Committee of Hoa Binh Province).
Non-agricultural production and business land prices in Hoa Binh Province in 2015: as regulated in Decision No. 37/2014/QD-UBND dated December 25, 2014, by the People’s Committee of Hoa Binh Province, which stipulates the price list for various types of land from 2015 to 2019 in the province.
The land sublease price with existing infrastructure in the industrial park is 55 USD/m2 for the project’s entire duration.
Infrastructure usage fee: 0.3 USD/m2/year.
Wastewater treatment fee: 0.3 USD/m3.
VI. Investment incentives in Da River Left Bank Industrial Park – Hoa Binh:
Corporate income tax:
Regular projects: enjoy a preferential tax rate of 17% for 10 years, tax exemption for 2 years, and a 50% reduction for the following 4 years.
Priority sectors: either a preferential tax rate of 10% for 15 years, tax exemption for 4 years, and a 50% reduction for 5-9 years, or apply a tax rate of 10% to tax exemption for the project’s entire duration (Decree No. 218/2013/ND-CP).
Land rental fee:
Exempt land rental fee for 7-15 years (Decree No. 46/2014/ND-CP).
Other incentives:
Enterprises in the industrial park employing 10 or more local workers will receive vocational training support from Hoa Binh Province ranging from 300,000 VND to 1,000,000 VND per local worker.
VII. Labor source and costs in Da River Left Bank Industrial Park – Hoa Binh:
Labor source:
Hoa Binh Province has a population of 808,200 people, with the social workforce accounting for 60% of the total population (452,000 people).
Located in a densely populated area, Hoa Binh serves as the gateway to the Northwest region and is adjacent to many provinces and cities, making it convenient for attracting labor from surrounding areas.
Among the labor force, 20% have received specialized technical training and have the ability to quickly adapt to modern technologies to meet the needs of investors.
The industrial park will leverage abundant labor resources with skills and reasonable labor costs.
This is an advantage that brings many benefits to investors in terms of labor recruitment and operational business activities.
Costs:
The Industrial Park is located in Huu Nghi Ward, Hoa Binh City, Hoa Binh Province, belonging to Zone III.
Thus, the prevailing minimum wage in Zone III stands at 3,430,000 VND per month.
The land for lease that belong to Industrial Park has run out of stock. Only the land and warehouse has been re-invested by individual investor that still available
TTTFIC Group: Guide to Industrial Real Estate in Vietnam
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