Phu Quy Industrial Zone (WHA - Thanh Hoa)

Phu Quy Industrial Zone (WHA – Thanh Hoa)

I – Overview:

Phu Quy Industrial Zone (WHA – Thanh Hoa) situated in Hang Hoa District, Thanh Hoa Province, is a prime destination for investment. Its strategic location and comprehensive infrastructure make it an attractive choice for businesses in various sectors. Let’s explore the key features of the Phu Quy Industrial Zone.

II. Geographical Location of Phu Quy Industrial Zone (WHA – Thanh Hoa):

Phu Quy Industrial Zone is strategically positioned in Hang Hoa District, Thanh Hoa Province.

It shares borders with Hoang Trinh and Hoang Kim Communes to the north, while to the south, it is adjacent to the upcoming Quy Xuyen transportation road and Phu Quy Industrial Cluster. The western boundary connects to the railway safety corridor and National Highway 1. To the east, it borders the agricultural lands of Hoang Son, Hoang Xuyen, and Hoang Cat Communes in Hoang Hoa District.

III. Distances to Key Locations:

• Thanh Hoa City: Located just 20 km away, the industrial zone offers proximity to the provincial capital.
• Hanoi: With a distance of 161 km, Phu Quy Industrial Zone provides easy access to the capital city.
• Noi Bai International Airport: Situated 186 km away, the industrial zone enjoys convenient connectivity to the international airport.
• Bim Son Station: The industrial zone is approximately 41 km from Bim Son Station, facilitating transportation and logistics.
• Nghi Son Deep Water Port: Located 85 km away, the industrial zone benefits from the nearby deep-water port for efficient import and export activities.

IV. Scale and Planning of Phu Quy Industrial Zone (WHA – Thanh Hoa):

Phu Quy Industrial Zone spans over 733 hectares, encompassing different areas:

• Phu Quy Industrial Zone covers nearly 547 hectares.
• Phu Quy Industrial Cluster occupies around 75 hectares.
• Resettlement land is allocated across approximately 10 hectares.
• A project land area of 5 hectares has been approved by the Provincial People’s Committee as per Decision No. 3125 on August 5, 2020.
• The remaining area, roughly 97 hectares, includes existing residential areas, transportation land, and other types of land.

V. Lease Term:

Investors can enjoy a long-term lease of 50 years within Phu Quy Industrial Zone, providing stability and security for their operations.

VI. Investment Attraction Sectors:

Phu Quy Industrial Zone focuses on attracting industries aligned with clean manufacturing, high technology, and Industry 4.0. It welcomes investments in various sectors, including:

• Textile and footwear manufacturing
• Fruit and vegetable processing
• Agricultural and seafood processing, in conjunction with agricultural development
• Machinery and equipment repair
• Handicraft production

VII. Advantages and Opportunities of Phu Quy Industrial Zone (WHA – Thanh Hoa):

Phu Quy Industrial Zone offers a range of advantages for businesses:

• Strategic location: Its proximity to Thanh Hoa City, major transportation routes, and key infrastructure facilities facilitate efficient operations and logistics.
• Comprehensive infrastructure: The industrial zone features a reliable power supply, high-speed internet connectivity, well-paved roads, ample parking, and advanced security systems.
• Investment incentives: Investors can benefit from tax breaks, import/export duty exemptions, streamlined administrative procedures, and support for land acquisition.
• Competitive investment costs: Phu Quy Industrial Zone provides affordable land lease rates and reasonable prices for utilities and services, ensuring a cost-effective investment environment.
• Skilled labor force: Thanh Hoa Province offers a large pool of skilled and trainable workers at competitive labor costs, supported by vocational training programs.

Phu Quy Industrial Zone in Thanh Hoa Province is a promising investment destination. With its favorable location, extensive infrastructure, attractive investment incentives, and a diverse range of investment sectors, the industrial zone offers abundant opportunities for businesses to thrive and contribute to the economic development of the region.