1. Project overview and legal information
The Hoa Hiep Industrial Park’s detailed planning was approved by the Ministry of Construction under Decision No. 804/QD-BXD dated July 13, 1999. With a scale of 221 hectares and a 100% occupancy rate, along with its advantageous geographical location, it is considered an attractive destination for domestic and foreign investors.
The industrial park is located in Hoa Hiep Bac commune, Dong Hoa district, Phu Yen province, approximately 6 km from National Highway 1A and 8 km from Tuy Hoa city. This location is near the intersection of National Highway 1A and the route to the Central Highlands, and conveniently connects to important transportation hubs such as: Vung Ro port (15 km), Van Phong port (40 km), Quy Nhon port (110 km), Nha Trang port (100 km); Tuy Hoa airport (2 km) and Phu Hiep railway station (700 m). Thanks to its diverse transportation system, the industrial park has many advantages in transporting, trading, and importing/exporting goods with key economic regions.
Hoa Hiep Industrial Park is the first industrial park project to act as a “lever” for the industrial development of Phu Yen province, approved for investment by the Prime Minister in August 1998. Currently, the industrial park focuses on attracting industries such as: processing of agricultural, forestry, and aquatic products; food industry; electronics; textiles and garments; and mechanical engineering.
2. Land lease costs and incentives
- Land lease price: ranges from 30 – 50 USD/m².
- Electricity price:
- Over 100 MVA: approximately 1,648 VND/kWh;
- From 50 – 100 MVA: approximately 1,640 VND/kWh.
- Factory/warehouse rental price: approximately 20 USD/m².
- Estimated labor cost: average from 100 – 300 USD/person/month.
One of the outstanding incentives at Hoa Hiep Industrial Park is that investors will receive a 50% reduction in land lease fees for 6 years, starting from the time the land is handed over for project construction.
3. Geographical location of Hoa Hiep Industrial Park
4. Infrastructure System
The technical infrastructure at Hoa Hiep Industrial Park is comprehensively and fully developed. The internal transportation system is spacious and convenient, with a 40-meter-wide main road comprising four lanes and internal roads 20 meters wide.
Electricity is supplied through a 110/35-22-10-6 kV transformer station, ensuring stability, safety, and meeting the production needs of factories and workshops within the industrial park. In addition, a separate wastewater treatment system has been built with a capacity of up to 2,000 m³/day.
Furthermore, the industrial park is equipped with comprehensive support services such as finance, customs, and communication, contributing to a favorable environment for investment and work for businesses and employees.
5. AVA – A Leading Investment Consulting Firm
With years of experience in land law consulting, along with extensive field surveys and close cooperation with industrial park management boards and foreign investors, we provide comprehensive service solutions for domestic and foreign investors in industrial parks nationwide, including:
- Legal consulting on land and real estate;
- On-site surveys, factory and land site visits in industrial parks;
- Support with legal procedures such as applying for business licenses and investment certificates in Vietnam;
- Contract consulting: drafting, negotiating, and signing contracts;
- Notarization and authentication services, as well as support with deposit procedures and access to bank loans.
