Gilimex Thua Thien Hue Industrial Park - Thua Thien Hue

I. Overview of Gilimex Thua Thien Hue Industrial Park:

In November 2019, Gilimex Industrial Park Joint Stock Company was established as the investor for the Gilimex Thua Thien Hue Industrial Park project in Thua Thien Hue, covering approximately 460 hectares.

Situated in Huong Thuy town, Thua Thien Hue province, with Binh Thanh Import-Export and Trading Joint Stock Company as its founding shareholder, Gilimex focuses on investing in green and clean industries, aiming for advanced technology. The park prioritizes infrastructure development, environmental sustainability, and constant innovation to provide the best benefits for investors choosing Gilimex as their promising destination.

Committed to sustainable development for Vietnam’s future and enhancing the quality of life for its people, Gilimex aspires to become a developer of modern, clean, and green industrial parks.

Gilimex Thua Thien Hue encompasses a total area of 460.85 hectares, divided into two zones: A and B.

Zone A: 49.17 hectares
Administrative & service area: 0.44 hectares
Factory & Warehouse: 29.06 hectares
Landscape & Water features: 11.28 hectares
Technical Infrastructure & Facilities: 0.40 hectares
Transportation area: 7.99 hectares

Zone B: 411.68 hectares
Administrative & service area: 17.33 hectares
Landscape & Water features: 57.00 hectares
Factory area: 258.30 hectares
Technical Infrastructure & Facilities: 5.39 hectares
Transportation area: 61.62 hectares

Gilimex strives to create a modern, eco-friendly, and sustainable environment, contributing to the prosperity and advancement of Vietnam.

II. Geographic location of Gilimex Thua Thien Hue Industrial Park:

Gilimex Thua Thien Hue Industrial Park  is strategically located in Huong Thuy town, Thua Thien Hue province. It holds a prime position along the road and highway transportation routes, notably within Vietnam’s East-West Economic Corridor (EWEC). These crucial factors provide genuine benefits for investors by saving time and transportation costs while connecting to major cities in the Central region.

Situated along National Highway 14, Gilimex is conveniently:
– 50 km from Chan May Port
– Connected to the Cam Lo-La Son-Tuy Loan Expressway
– 81 km from Da Nang city center
– Adjacent to the East-West Economic Corridor
– 80 km from Da Nang Port
– 170 km from the Lao Bao border gate.

These favorable geographical advantages make Gilimex Industrial Park an attractive and efficient destination for investors looking to tap into the potential of the central Vietnamese market.

III. Infrastructure of Gilimex Thua Thien Hue Industrial Park:

Developing the infrastructure of the industrial park includes:

1. Electricity supply: The national grid provides power production for the park. A centralized substation with a capacity of 80MVA and a transformer station of 110/22Kw ensure 100% electricity demand.

2. Water supply system: A water plant with a total capacity of 10,000 m3/day and night caters to all industrial water needs. The clean and safe water meets Vietnam’s standards for production and domestic use.

3. Wastewater treatment capacity: 7,600m²/day (Phase 1: 3,800m²/day). The treated wastewater complies with Vietnam’s industrial park wastewater discharge standards.

4. Road transportation system: Main road dimensions, highway scale: 61m. Expanded roads within the industrial park: 25m (minimum width: 19.5 meters). The modern transportation network facilitates trade, transportation, and easy connections to nearby areas, ensuring swift and convenient access.

5. Green spaces: 256,000 m² of grassy areas and 10,000 trees provide a fresh and natural landscape, allowing a well-ventilated and serene atmosphere.

6. Communication system: 1,614 lines and 30,000 meters of fiber optic cables with 6 mobile stations ensure efficient and reliable communication within the industrial park.

IV. Investment-Attractive Industries:

GILIMEX aims to attract advanced technology enterprises and light industries in the industrial sector within the region. The following sectors and industries are particularly appealing for investment:

1. Fashion industry and related sectors.
2. Paper and paper product manufacturing, rubber, and plastic products.
3. Leather production and leather products.
4. Automotive and transportation equipment manufacturing.
5. Food and beverage processing and manufacturing.
6. Production of non-metallic mineral products and other related items.
7. Medical equipment and tools manufacturing, dental, surgical, and rehabilitative devices.
8. Electronics, electrical, computer, and optical products manufacturing.

GILIMEX offers an inviting environment and the necessary infrastructure to support businesses in these sectors, fostering growth and development for both local and international companies.

V. Investment Costs:

The land lease price with existing infrastructure is $65 USD/m2 for 50 years (minimum lease area 1 ha, 50-year lease term).

Factory rental price: $3 USD/m2 per month.

Clean water price follows Thua Thien Hue Provincial People’s Committee regulations, approximately $0.4 USD/m3.

Electricity price follows Thua Thien Hue Provincial People’s Committee regulations, approximately $0.1 USD/kwh.

Wastewater and solid waste treatment fees adhere to Thua Thien Hue Provincial People’s Committee regulations, around $0.35 USD/m3.

Management fee: $0.4 USD/m2 per year.

VI. Investment incentives:

Professional support is provided for various administrative procedures, including investment approval and certificates, labor permits, construction permits, and environmental impact assessments.

Customer care includes assistance in preparing and submitting necessary documents for company establishment in Vietnam, guidance during the initial phase of factory or company setup, and continuous support for daily operations and local business connections.

Industrial park management covers shared technical infrastructure, services, and environmental maintenance, ensuring 24/7 security, waste collection, and sanitation services, along with round-the-clock support from the firefighting team.

Investment incentives include a two-year corporate tax exemption after establishment, a 50% reduction in corporate income tax for the following four years, and a 17% corporate tax rate for the subsequent ten years, followed by standard corporate tax rates. Additionally, there are import tax exemptions for goods used to create fixed assets in investment projects.

VII. Labor source and cost:

Regional workforce:

Population: The economic zone has about 40,000 inhabitants, of which about 27,000 people are of working age, accounting for 65% of the population.

Workers from neighboring areas:

Within a radius of 20 km from the center of the Industrial Park, there are nearly 80,000 people of working age.
Within a radius of 30 km, there are about 120,000 people of working age.

Educational institutions: Thua Thien Hue province has 9 universities, 1 institute, 6 colleges, 7 vocational schools and many other training centers. The economic zone is currently applying for investment to build Chan May Technical Worker School, with a capacity of 500 students/year.

Labor costs:

Minimum salary: 200 USD/month.
For unskilled workers, the salary ranges from 4.5 to 5.5 million VND/month.
Skilled workers receive a salary of 6 to 8 million VND/month.
Management staff earn from 8 to 12 million VND/month.
Overtime charges as per general rules.
Social insurance: 25% (Owner pays 17%, Employee pays 8%)
Health insurance (health insurance): 4.5% (employees pay 3%, employees pay 1.5%)
Unemployment insurance: 2% (Employers pay 1%, employees pay 1%).