Phu Hoi Industrial Park

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Information
Operating time: 2005 - 2055
Total Area: 109 Ha
Infrastructure investors: Lam Dong Industrial Parks Management Board
Price: 30 USD/m2
Building density: 60%
Occupancy: Updating
Address: Phu Hoi commune, Duc Trong district, Lam Dong province.

Overview of Phu Hoi Industrial Park:

Phu Hoi Industrial Park has a planned total area of 174 hectares and a total investment capital of approximately 425 billion VND. The People’s Committee of Lam Dong Province approved the investment plan for Phase I according to Decision No. 103/QD-UB dated May 17, 2005, with an area of 89.2 hectares and an investment capital of 130.36 billion VND.

Geographical location:

Phu Hoi Industrial Park is located in Phu Hoi Commune, Duc Trong District, Lam Dong Province.

  • It is situated near National Highway 20, between Da Lat and Dau Giay, which is being invested in the construction of a highway, facilitating transportation to Ho Chi Minh City, Ba Ria – Vung Tau Province, and the coastal provinces of Central and Central Highlands.
  • His favorable condition allows for convenient traffic flow and operations within the industrial park.
  • As a result, it attracts a large number of workers from various provinces to the rented factory areas, promising to provide a highly skilled workforce for the industrial park.

With these advantages, Phu Hoi Industrial Park is attracting significant domestic and foreign investments, contributing to the economic development of the region.

Phu Hoi Industrial Park - Lam Dong - TTTFIC Group

Phu Hoi Industrial Park – Lam Dong – TTTFIC Group

Land planning adjustment:

The industrial park adjusted its land area from 174.947 hectares to 109 hectares, following the Prime Minister’s guidance in Document No. 1349/TTg-KTN dated August 12, 2015, regarding the adjustment of the industrial park planning in Lam Dong Province until 2020.

The provincial People’s Committee updated the land use planning in Section 4, Article 1 of Decision No. 868/QD-UBND dated April 13, 2011.

Planned land area: 109 hectares, including:

  • Land for factory construction: 71.390 hectares (65.495%)
  • Land for central operations and public services: 1.190 hectares (1.092%)
  • Land for technical areas: 1.70 hectares (1.560%)
  • Land for transportation: 20.01 hectares (18.358%)
  • Land for greenery: 11.62 hectares (10.666%)
  • Land for warehouses: 3.09 hectares (2.830%)

Infrastructure of Phu Hoi Industrial Park:

  • Transportation system: There are existing transportation roads.
  • Power supply: The electricity source is from the 110 KV Duc Trong transformer station. Within the industrial park, there is one 110/220 KV substation and three 22/0.2 KV transformer substations.
  • Water supply: The water source is from the Da Nhim River surface water and groundwater.
  • Wastewater treatment: There is a well-functioning drainage system and an advanced wastewater treatment system.
  • Communication system: The district’s Postal and Telecommunications sector is responsible for meeting communication needs and will establish a post office within the industrial park equipped with a 1,000-line switchboard.
Phu Hoi Industrial Park - Lam Dong - TTTFIC Group

Phu Hoi Industrial Park – Lam Dong – TTTFIC Group

Attracting investment in Phu Hoi Industrial Park:

Investment Attraction:

Phu Hoi Industrial Park attracts investment projects in various sectors, including:

  • Manufacturing products for tourism purposes.
  • Food processing industry, including fruits, vegetables, seafood, alcohol, candies, and confectionery.
  • Manufacturing high-quality building materials, including premium bricks.
  • Wood processing industry and manufacturing wooden products.
  • Metallurgy, chemicals, leather, rubber, carton packaging, diatomite, and tin production.
  • Other industrial sectors.

Current Investment Situation:

  • Projects registered but not yet granted investment certificates: 8 domestic investment projects (1 foreign-invested project) with a total investment capital of 305.85 billion VND + 2 million USD, a land lease area of 20.46 hectares, and 1,100 employees.
  • 13 projects (including 3 foreign-invested projects) have been granted investment certificates. The total investment capital is 297.93 billion VND + 4.55 million USD, with a land area of 21.39 hectares.
  • 1 enterprise has already commenced operations.

Investment incentives

Land Use Fee and Rent Incentives:

The exemption of land rent starts from the completion of construction and project operation for a specific duration:

  • 3 years for production and business establishments that are relocated as planned or due to environmental pollution.
  • 11 years from the completion of construction and project operation.

Corporate Income Tax Incentives:

Tax Rate Incentives:

  • A preferential tax rate of 20% applies for 10 years to newly established enterprises from investment projects.
  • The application period for preferential tax rates is counted continuously from the first year of taxable revenue generation. After the preferential tax rate expires, the regular 25% tax rate will be applied.

Tax Exemption and Reduction Period:

  • Newly established enterprises from investment projects are eligible for a 2-year tax exemption and a 50% tax reduction for the subsequent 4 years.
  • The enterprise counts the tax exemption and reduction period continuously from the first year it generates taxable income from the investment project.
  • If the enterprise does not generate taxable income within the initial three years, the tax exemption and reduction period will commence from the fourth year onwards.

These corporate income tax incentives apply only to enterprises that comply with accounting, invoice, and documentation regulations, and register and pay corporate income tax as per declarations.

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
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