The Doc Da Trang Industrial Park project has received investment approval under Decision No. 234/QD-TTg dated March 18, 2024. The project has a total investment capital of approximately VND 1,807.474 billion, of which the investor’s contribution is VND 271.121 billion. Spanning 288 hectares, the industrial park is being developed within the Van Phong Economic Zone.
Perspective view of the Doc Da Trang Industrial Park project.
1. Project overview and legal information
Overview of Doc Da Trang Industrial Park:
- Project Name: Doc Da Trang Industrial Park
- Investor: Viglacera Yen My Industrial Park Development Joint Stock Company
- Location: Van Hung Commune (Van Ninh District) and Ninh Tho Commune (Ninh Hoa Town), Khanh Hoa Province
- Scale: 288 hectares
- Operating Period: 50 years (2024 – 2074)
- Current Occupancy Rate: Approximately 5%
Investment Target Sectors:
The industrial park aims to attract industries such as metal processing, mechanical engineering, heavy machinery, manufacturing of equipment and machine parts, machinery for processing agricultural, forestry and aquatic products; manufacturing of electrical and electronic equipment, telecommunications, computers, office equipment, electronic components and mobile phones.
Human Resources:
By the end of 2023, Khanh Hoa province had approximately 692,825 people of working age. The province has a diverse training system including 6 universities, 7 colleges, 4 national research institutes, 9 vocational high schools, and 16 vocational training centers, capable of supplying human resources to businesses. The minimum wage in the Van Ninh and Ninh Hoa areas is currently around VND 3,640,000/month.
Currently, the Van Hung – Van Ninh area does not have many large industrial parks; therefore, the Doc Da Trang Industrial Park is expected to play a pioneering role, creating momentum to promote economic development for Van Ninh district in particular and Khanh Hoa province in general.
The Doc Da Trang Industrial Park project, covering 288 hectares, is located within the Vân Phong Economic Zone.
2. Costs
3. Geographical location of Doc Da Trang Industrial Park
The Doc Da Trang Industrial Park boasts a convenient location right next to National Highway 1A, facilitating quick and easy transportation and goods delivery for businesses.
Distance to key areas:
- Approximately 46.6 km from Nha Trang City
- Approximately 442 km from the center of Ho Chi Minh City
- Approximately 91.2 km from Cam Ranh Airport (via National Highway 1A)
- Approximately 99 km from Cam Ranh Port (via National Highway 1A)
4. Infrastructure System
The Doc Da Trang Industrial Park project was implemented over a period of 6 years, including 1 year for preparation and 5 years for construction. The construction phase was divided into 4 stages, with each stage covering approximately 70 to 90 hectares.
Plot layout of Doc Da Trang Industrial Park
5. Investment incentive policies of Doc Da Trang Industrial Park
Businesses operating in the Doc Da Trang Industrial Park will benefit from numerous investment incentives. Because the project is located in a district with difficult socio-economic conditions, after being exempted from land rent during the basic construction phase, businesses will continue to be exempt from land rent for an additional 15 years as per regulations.