I. Overview of Thanh Ha Industrial Park – Hoa Binh:
The investor is the Management Board of Industrial Parks of Hai Duong province, and the establishment of this industrial park is based on Resolution No. 02/2018/NQ-HDND on the development of the province’s industry until 2030.
The planning and site selection for the construction of the Industrial Park has great advantages due to its proximity to the high-tech Hoa Lac area and the increasingly developing city of Hanoi, which attracts investors. Currently, Thanh Ha Industrial Park is considered one of the key industrial parks in Hoa Binh province.
Detailed construction planning at a scale of 1/500 and boundary marking has been carried out for Thanh Ha Industrial Park. As of July 2020, there are two secondary projects in the industrial park.
These projects have invested in essential construction items, including detailed construction planning at a scale of 1/500, boundary marking for Thanh Ha Industrial Park, land mine clearance, explosive materials, power lines, 35kVA substations, land clearance, with a total investment of approximately 160.7 billion VND from the state budget.
Currently, Thanh Ha Industrial Park is expediting land clearance to build technical infrastructure and attract investments quickly.
Master map plan of Thanh Ha Industrial Park – Hoa Binh – TTTFIC Group
II. Geographical location of Thanh Ha Industrial Park – Hoa Binh:
Thanh Ha Industrial Park is located in Thanh Ha town, Lac Thuy district, Hoa Binh province, with a favorable position for industrial development.
It is adjacent to Phu Tho province in the north.
It borders Hanoi, Ha Nam, and Ninh Binh provinces in the east, as well as the capital city of Hanoi.
It is adjacent to Son La province in the west.
It borders Thanh Hoa province in the south.
In addition, the industrial park is located:
42km from the center of Hanoi and 37km from Hoa Binh city.
63km from Noi Bai International Airport.
170km from Hai Phong Port and 194km from Quang Ninh Port.
63km from Hanoi railway station.
With such a geographical location, The Industrial Park is highly advantageous for trading, manufacturing, and import-export activities with key economic regions such as Hanoi and Hai Phong.
III. Infrastructure of the Industrial Park:
Internal transportation:
The internal transportation system consists of main roads with 4 lanes and branch roads with 2 lanes.
Electrical system:
The electrical system supplies power to the perimeter of the businesses.
Public lighting system:
The street lighting network is designed separately with a dedicated power supply system along the transportation routes.
Water system:
Water supply is available 24/7, ensuring smooth operations for businesses.
Wastewater and rainwater drainage system:
There is a separate and independent wastewater drainage system from the rainwater drainage system.
Wastewater is collected through the wastewater drainage system from production facilities and directed to the main sewage lines that flow to the wastewater treatment plant.
Waste treatment:
Solid and soft waste are classified and collected for proper treatment at designated locations.
Wastewater treatment:
The wastewater treatment plant meets Grade A standards before discharging into the environment.
Communication system:
A modern information technology system, is installed along the transportation routes to provide information to each factory, aiming to establish a post office facility near the central operations center.
An Overview of Thanh Ha Industrial Park – Hoa Binh – TTTFIC Group
IV. Industries attracting investment in Thanh Ha Industrial Park – Hoa Binh:
Mechanical processing
Textiles, weaving, dyeing, and garment manufacturing
Electrical, electronics, and pharmaceuticals
Processing of food and beverages
Wood processing and manufacturing
Printing and packaging
V. Cost of land lease and support:
Rent price: $80 per square meter per year.
Management fee: $0.4 per square meter.
Electricity price:
Peak hours: $0.1
Normal hours: $0.05
Off-peak hours: $0.03
Supplier: EVN (Electricity of Vietnam).
Clean water price:
Water price: $0.4 per cubic meter.
Water supplier: Government.
Wastewater fee:
Cost: $0.28 per cubic meter.
Water quality before treatment: Level B.
Water quality after treatment: Level A (according to QCVN 40:2011/BTNMT standard).
VI. Advantages of investing in Industrial Park:
Labor costs:
Thanh Ha Industrial Park is located in Thanh Ha town, Lac Thuy district, Hoa Binh province, belonging to Zone IV.
The current minimum wage in Zone IV is 3,090,000 VND/month.
Investment incentives:
Corporate income tax: For regular projects, the preferential tax rate is 17% for 10 years, exempt from tax for 2 years, and a 50% reduction for the following 4 years. For prioritized sectors, either a preferential tax rate of 10% for 15 years, exempt from tax for 4 years, and a 50% reduction for 5-9 years can be applied, or a tax rate of 10% to exemption for the entire project’s duration. (Decree No. 218/2013/ND-CP)
Land rental fees: Exempt from land rental fees for 7-15 years (Decree No. 46/2014/ND-CP)
Other incentives: Enterprises in the industrial park employing 10 or more local workers are supported by Hoa Binh province in vocational training for local workers, ranging from 300,000 VND to 1,000,000 VND per local worker.
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
Where you gain a comprehensive view of the ideal investment environment for foreign enterprises, we are TTTFIC Group, your reliable partner in the Industrial Real Estate sector.
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.
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Services include Lease, Purchase, Sale, and M&A (Merger & Acquisition): We provide specialized information and support for your real estate needs in key business areas.
Legal Consultation: Our experienced legal team assists with real estate-related issues, ensuring smooth procedures for foreign investors.
Foreign Direct Investment (FDI) Establishment: We guide the easy establishment of foreign direct investment businesses, ensuring compliance with regulations.
Investment Project Development Consultation: From market surveys to detailed planning, we support the development of your project.
Construction Licensing & Compliance: We assist in obtaining permits, ensuring compliance with safety and environmental standards.
Registration & Tax Consultation: We handle tax compliance, ensuring your business meets all legal regulations.
With over 20 years of experience in Design & Build for FDI projects of all scales. If you’re seeking industrial real estate in Vietnam, give us a call! With a team of experienced experts, engineers, and lawyers, we have assisted thousands in property buy, sell, M&A, and industrial real estate leasing (especially investors from the US, Germany, Denmark, Sweden, the UK, Korea, Japan, Taiwan, China, India, Singapore…).
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Industrial real estate in industrial zones, Vietnam
