Hoa Phu Industrial Park

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Information
Operating time: 2008 - 2058
Total Area: 259.32 Ha
Infrastructure investors: Hoa Phu Joint Stock Company
Price: 90 USD/m2
Building density: 60%
Occupancy: 100%
Address: Hoa Phu commune, Long Ho district, Vinh Long province

I. Overview of Hoa Phu Industrial Park:

Hoa Phu Industrial Park is oriented in the overall plan for long-term development of phase 1 and phase 2.

  • The investor of Hoa Phu Industrial Park is Hoa Phu Joint Stock Company.
  • The industrial park is located in Hoa Phu Commune, Long Ho District, Vinh Long Province.
  • The Hoa Phu Industrial Park project – phase 2 is the area adjacent to Hoa Phu Industrial Park – phase 1, which has been approved for detailed planning at a scale of 1/2000 by the Vinh Long Provincial People’s Committee in decision No. 1752/QD-UB on August 31, 2007.
  • The total area of the industrial park is 259.32 hectares.
    – Phase I: 122.16 hectares. Has attracted a total of 18 investment projects with total investment capital of 619.36 billion VND and 220.9 million USD.
    – Phase II: 137.16 hectares. Attracted 15 investment projects with a total investment capital of VND 645 billion and USD 124.4 million.
  • In addition to domestic enterprises, Hoa Phu Industrial Park also attracts many foreign investors, including those from Japan (Acecook, Towa, Hatchando), the Netherlands (De Heus), as well as investors from South Korea, Singapore.

Hoa Phu is one of the strategically located industrial parks in the Mekong Delta. located next to National Highway 1A – the arterial road of Vietnam, connecting the southern provinces and cities. From the industrial park, it is easy to connect to major economic centers in the South such as Can Tho (25km), Ho Chi Minh City (140km), and Vinh Long City (10km).

During the period of 2020-2025, Hoa Phu Industrial Park remains a focal point for attracting FDI capital in Vinh Long province. Many experts believe that there will be a consideration to expand the scale of Hoa Phu Industrial Park. This is due to the current rate of development and the increasing demand for industrial land leasing.

A perspective on Hoa Phu Industrial Park - Vinh Long - TTTFIC Group

A perspective on Hoa Phu IP – Vinh Long – TTTFIC Group

II. Infrastructure of Hoa Phu Industrial Park:

  • Electricity source: Using the existing National Grid along the National Highway 1A.
  • Water source: Supplied by the Vinh Long Water Company.
  • Wastewater treatment system: With a capacity of 4000 m3 per day and night.
  • Solid waste treatment system: Collected and transferred to the province’s centralized treatment area.
  • Contact information: Managed and provided by the Vinh Long Post Office.
  • Internal road system connecting throughout the Industrial Zone.
  • Affordable workers’ dormitories available for rent.

III. Industry attracting investment of Hoa Phu Industrial Park:

  • Processing products from grains and fruits.
  • Producing pharmaceuticals and cosmetics.
  • Manufacturing consumer goods, household items, and various types of packaging.
  • Textile and weaving industries.
  • Manufacturing or assembling electrical and electronic equipment.
  • Mechanical engineering serving agricultural mechanization.
  • Building materials, ceramics, warehousing, services, etc.
  • Some other manufacturing industries that cause little environmental pollution.
A perspective on Hoa Phu Industrial Park - Vinh Long - TTTFIC Group

A perspective on Hoa Phu IP- Vinh Long – TTTFIC Group

IV. Investment incentives of Hoa Phu Industrial Park:

Corporate income tax:

  • The corporate income tax rate is 22%, and from January 1st, 2016, for cases subject to the 22% tax rate, it is reduced to 20%.
  • The corporate income tax rate is 20% for enterprises with an annual revenue of no more than VND 20 billion.

Preferential tax rates:

– A preferential tax rate of 10% is applicable for 15 years to:

  • Income of enterprises from implementing new investment projects in the following fields: software product manufacturing, composite material production, lightweight construction materials, rare and precious materials, etc.
  • Income of enterprises from implementing new investment projects in the production sector (except for projects manufacturing goods subject to special consumption tax and mining).

– A preferential tax rate of 20% is applicable for 15 years (from January 1st, 2016, the tax rate is reduced to 17%) for:

  • Income of enterprises from implementing new investment projects.
  • The period of the preferential tax rate specified in this Article (Article 15, Decree 218/2013/ND-CP) is calculated continuously from the first year that the enterprise has revenue from the new investment project.

– Tax exemption, reduction:

  • Tax exemption for 04 years, and 50% reduction in the tax amount payable for the following 9 years are applicable to income of enterprises from implementing new investment projects as stipulated in clause 2.1, Section III.
  • Tax exemption for 02 years, and 50% reduction in the tax amount payable for the following 04 years are applicable to income of enterprises from implementing new investment projects in industrial parks.
  • The tax exemption and reduction period specified in this Article is calculated continuously from the first year that the taxable income from the new investment project enjoys the incentives.

Other offers:

In addition to the investment incentives as regulated, Vinh Long province also implements preferential policies according to Decision No. 07/2013/QD-UBND dated August 19, 2013 of the People’s Committee of Vinh Long province on issuing regulations on encouragement and support policies for investment in Vinh Long province:

  • Supporting the construction of technical infrastructure inside and outside the industrial parks.
  • Offering incentives for projects to build housing for workers.
  • Supporting land clearance and compensation.
  • Supporting advertising costs.
  • Supporting investment promotion costs.
  • Supporting workforce training.
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
  • With over 20 years of experience in Design & Build for FDI projects of all scales. If you are looking for industrial real estate in Vietnam, give us a call! With a team of experienced experts, engineers, and lawyers, we have assisted thousands of buyers, sellers (M&A), and industrial real estate tenants (especially projects from Japan, US, Europe, Taiwan, China, Korea, Singapore, India…).
  •  For first-time investors in Vietnam, we assist in surveying suitable locations in Industrial Zones across the entire territory of Vietnam. We support handling investment procedures for projects.
  •  Our Design & Build approach means that from the moment the investor completes the land lease location, we take responsibility for all steps, including obtaining IRC/ERC; DTM; Fire prevention and firefighting certificates; legal aspects of the project from the design phase; applying for construction permits; progressing to the construction phase, and completing the factory for handover to the investor in an operational state in a turnkey manner.
  •  You don’t waste time searching, don’t incur additional consulting fees, and don’t have to spend money on investment estimates. We offer a complete package from receiving the client’s idea to completing the project, ensuring a smooth start of operations, reducing 2/3 of the time, effort, and money for you.
  • The best thing you can do is call us today! help you expand your Business to Vietnam

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