A Thinh Hoa Binh Company is the investor of Nam Luong Son Industrial Park. The industrial park is strategically located for convenient trade with major economic zones such as Hanoi, Haiphong, and Quang Ninh. Industries in this Hoa Binh Industrial Park focus on agricultural and forestry processing, construction materials, machinery assembly, electronics, consumer goods processing, and export, with minimal environmental pollution.
On December 30, 2010, the People’s Committee of Hoa Binh Province issued Decision No. 2495/QD-UBND approving the detailed construction plan at a scale of 1/500 for Nam Luong Son Industrial Park in Luong Son District, Hoa Binh Province. The planned area of the industrial park is 200 hectares, with 150 hectares designated for industrial land. The total investment is approximately 600 billion Vietnamese dong, mainly for construction material production.
The investment in the industrial park is categorized into two phases:
Phase 2011-2015: Completion of Phase I infrastructure investment covering an area of 150 hectares, providing 110 hectares of infrastructure-equipped land, attracting investments to fill approximately 85% of the industrial land with infrastructure.
Phase 2016-2020: Completion of comprehensive infrastructure throughout the industrial park, attracting investments to achieve 100% occupancy of the industrial land.
The industrial park features synchronized infrastructure, a wastewater treatment plant, and a reliable power supply system. It has attracted numerous companies, including direct foreign investments from Japan, South Korea, and India, specializing in telecommunications equipment, clothing, steel, machinery, automotive parts, and aluminum and glass products. Currently, the industrial park has reached its capacity with substantial investments.
Geographical location of Nam Luong Son Industrial Park:
Nam Luong Son Industrial Park is located in Trung Son Commune, Luong Son District, Hoa Binh Province. As a gateway for trade in the Northwest region, Nam Luong Son Industrial Park has become a prioritized area for economic development in the province. It enjoys convenient road and waterway access, making the transportation and exchange of goods and raw materials easier.
Nam Luong Son Industrial Park in Hoa Binh Province is bordered by Phu Tho Province to the north, Ha Noi, Ha Nam, and Ninh Binh Provinces to the east, and Son La Province to the west. It also shares its southern border with Thanh Hoa Province. It is located 45 km from the center of Ha Noi via the Ho Chi Minh Highway.
In recent years, Hoa Binh Province has placed special emphasis on improving the professional skills of its workforce and developing infrastructure to create a favorable environment for attracting foreign investments.
Master planning map of Nam Luong Son Industrial Park – Hoa Binh – TTTFIC Group
The infrastructure of Nam Luong Son Industrial Park:
Internal transportation:
The main road system has a width of 26 meters, while the secondary roads are 15 meters wide.
Electricity system:
The street lighting network has a separate design from the residential power supply system, arranged along the traffic routes.
Public lighting system:
The street lighting network has a separate design from the residential power supply system, arranged along the traffic routes.
Water system:
Clean water supply is sourced from the Song Da Water Plant and the groundwater system within the industrial park, ensuring sufficient supply for factories and workshops.
Wastewater and stormwater drainage system:
There are separate systems for stormwater and wastewater drainage. Wastewater undergoes preliminary treatment at the plant, then follows the sewer lines to the central treatment station, where it is processed to meet the Class B standard (TCVN – 1995) before being discharged into the environment.
Waste management:
Solid and soft waste is sorted and collected for proper disposal at designated facilities.
Wastewater treatment:
A centralized wastewater treatment facility with a capacity of 3000 cubic meters per day and night.
Communication and information system:
Telecommunications and internet services provided by VNPT, EVN, and Viettel ensure efficient and high-speed communication both domestically and internationally.
Investment-Attractive Industries
The primary focus of production in the industrial park is on construction materials.
Investment Costs
Land price: 80
Electricity price: 0.1 USD
Water price: 0.4 USD
Wastewater treatment price: 0.3
Investment incentives
In Luong Son District, labor region 2 determines the wage level for workers.
For regular projects, the corporate income tax rate is 17% for 10 years, with a 2-year tax exemption and a 50% reduction for the next 4 years. In prioritized sectors, there are two options: a 10% tax rate for 15 years, with a 4-year tax exemption and a 50% reduction for 5-9 years, or a tax rate or exemption throughout the project’s duration (Decree No. 218/2013/NĐ-CP).
Decree No. 46/2014/NĐ-CP allows the waiver of land rental fees for 7-15 years.
Enterprises in the industrial park with at least 10 local workers receive vocational training support from Hoa Binh Province, ranging from 300,000 VND to 1,000,000 VND per worker.
Labor source and cost:
The Nam Luong Son Industrial Park is located in Hoa Son Commune, Luong Son District, Hoa Binh Province, which falls under Zone III. Therefore, the current minimum wage in Zone III is 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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