Hoa Hoi Industrial Park

Overview of Hoa Hoi Industrial Park:

Hoa Hoi Industrial Park in Binh Dinh province is listed in the Industrial Park Development Plan in Vietnam until 2015 and is oriented towards 2020, as approved by Prime Minister’s Decision No. 1107/QD-TTg on August 21, 2006.

Phuc Loc Industrial Park Development Investment Corporation (PHUCLOC IDC) is the investor of Hoa Hoi Industrial Park.

The project covers a large construction area of 266.18 hectares. Once operational, it is expected to attract approximately 1 billion USD in investment capital and provide employment for around 20,000 to 30,000 workers. The Industrial Park holds the designation as a pivotal industrial park in the Central Highlands and Central regions.
Hoa Hoi Industrial Park is located in Cat Hanh commune, Phu Cat district, Binh Dinh province.

Industrial Park scale: 266.18 hectares. Boundary scope:

• Northern boundary: Inter-commune road.
• Southern boundary: Provincial Road DT 634.
• Eastern boundary: North-South railway line and residential area.
• Western boundary: Nui Mot mountain.

The Industrial Park strategically positioned near National Highway 1A, directly connected to Provincial Road 634, providing convenient access to National Highway 1A, National Highway 1D leading to major ports and airports. The industrial park enjoys an ideal location and convenient connectivity to the transportation infrastructure from Binh Dinh province to other provinces and neighboring regions.

Hoa Hoi Industrial Park is approximately 11km away from National Highway 19, an important transportation corridor connecting Quy Nhon seaport with the Central Highlands, Southern Laos, and Cambodia.

Master plan map of Hoa Hoi Industrial Park – Binh Dinh – TTTFIC Group

Infrastructure of Hoa Hoi Industrial Park:

Investors in Hoa Hoi Industrial Park will be provided with a comprehensive and synchronized infrastructure system, including:

– Transportation network:

• The industrial park planners plan internal roads in a grid pattern and pave them with concrete, ensuring convenience for accessing the land plots.

– Stormwater drainage system:

• They arrange underground drainage pipes with diameters ranging from D600 to D2000 along the roads, located inside the sidewalks.

– Power supply:

• Electricity is supplied from the national power grid through a 110/22kV (35kV) transformer station with a capacity of 63KVA.
• The investment in the low-voltage power station will be based on the demand.

– Water supply:

• The water plant has a capacity of 7,000m3/day and night.
• Investors can increase the water supply capacity to meet their demand.

– Wastewater treatment:

• The wastewater treatment plant (XLNT) has a total capacity of 4,800m3/day and night.
• Phase I, with a capacity of 1,200m3/day and night, is expected to be completed in the fourth quarter of 2022.
• Investors’ needs can be met by increasing the wastewater treatment capacity.
• Individual plants locally treat wastewater before discharging it into the common wastewater system of the industrial park.

– Fire prevention and firefighting:

• The industrial park arranges fire hydrants along the roads, with a distance of 150m between each hydrant.

– Telecommunications:

• The communication system with modern technology ensures stable and high-speed connection.

– Greenery and landscaping:

• Greenery covers the roads within the industrial park, serving both aesthetic and ecological purposes.
• The green area accounts for more than 10% of the total industrial park area, contributing to ensuring an eco-friendly environment within the park.

An overview perspective of Hoa Hoi Industrial Park – Binh Dinh – TTTFIC Group

Investment Incentive Policies:

Industries attracting investment in Hoa Hoi Industrial Park:

Hoa Hoi Industrial Park is a mixed-use industrial park that aims to attract industries with low pollution impact, such as:

• Electrical, refrigeration, electronics, and mechanical industries.
• Machinery manufacturing, automobile and motorcycle assembly.
• High-quality building materials production.
• Consumer goods and pharmaceutical manufacturing.
• Packaging industry, light industry, textile, and footwear.
• And other industries approved by the provincial People’s Committee.

Investment incentives:

– Corporate income tax: A preferential tax rate of 10% for 15 years from the start of business operations, exemption for the first 4 years from taxable income, and a 50% reduction in tax payment for the following 9 years.

– Land rental fee: Full exemption of land rental fee for the entire duration of the project at Hoa Hoi Industrial Park.

– Value Added Tax (VAT): 0% VAT for Export Processing Enterprises (EPE).

– Repatriation of profits tax: 0% tax.

– Import and export tax exemption:

• Companies import equipment, machinery (accessories), and specialized transport vehicles used in technological lines and construction materials that are not available domestically and require importation.
• Encouraged investment projects, component projects, technical spare parts, and electrical and electronic products are exempt from raw material import tax for the first 5 years from the start of production and business.
• Imported materials, accessories, and raw materials for the production of export goods.