HOA HOI INDUSTRIAL PARK

Province

Gia Lai

Occupancy Rate

5%

Area

390.43 hectares

Lease Price

45 USD/m2

The Hoa Hoi Industrial Park has a total investment of approximately VND 817.31 billion. It was established on July 21, 2009, and construction commenced just a few days later, on July 29, 2009. On June 3, 2016, the project received its initial investment certificate from the Binh Dinh Provincial Economic Zone Management Board, and it was subsequently amended for the second time on August 15, 2018.

The detailed planning of the industrial park has been approved and adjusted through several important decisions of the People’s Committee of Binh Dinh province, including:

  • Decision No. 506/QD-CTUBND dated March 1, 2007
  • Decision No. 3954/QD-UBND dated October 25, 2017 on adjusting the 1/2000 scale zoning plan
  • Decision No. 560/QD-UBND dated February 23, 2022 on partial adjustment of the zoning plan

After these adjustments, the area of ​​phase 1 of Hoa Hoi Industrial Park has been updated from 266.09 hectares to 265.46 hectares. Currently, the project has completed all necessary legal procedures, and the technical infrastructure is basically complete and ready to hand over the land to investors to implement the project.

Perspective view of the Hoa Hoi Industrial Park project (2 phases)

Details

Industrial Park Name

Hoa Hoi Industrial Park

Location

Hoa Hoi Commune, Gia Lai Province (formerly Cat Hanh Commune, Phu Cat District, Binh Dinh Province)

Total Area

390,43 hectares

Land Rental Price

45 USD/m2

 Occupancy Rate

 5%

Infrastructure Information

Electrical System

Power is supplied from the national grid via a 110/22kV (35kV) substation with a capacity of 63MVA. The capacity can be increased to meet the needs of businesses.

Water System

7,000 m3/day

Sewage System

The wastewater treatment plant has a total capacity of 5,500 m3/day, of which phase 1, with a capacity of 1,200 m3/day, is already operational. The wastewater treatment capacity can be increased to meet the needs of investors.

Traffic System

 

1. Project overview and legal information

AVA Consulting provides the following overview of Hoa Hoi Industrial Park:

  • Project Name: Hoa Hoi Industrial Park
  • Location: Hoa Hoi Commune, Gia Lai Province (formerly Cat Hanh Commune, Phu Cat District, Binh Dinh Province)
  • Scale: 390.43 hectares (including Phase 1: 265.46 hectares and Phase 2: 124.97 hectares)
  • Operating Period: 50 years (2016 – 2066)
  • Occupancy Rate: 5%
  • Investment Attractions:
    The industrial park is oriented towards multi-sector development, focusing on areas such as: electronics and semiconductor manufacturing; electrical components and equipment; automotive and motorcycle parts; mechanical engineering; agricultural and forestry product processing; food and animal feed industry; consumer goods manufacturing; pharmaceuticals and chemical products; building materials; textiles and other supporting industries.
  • Transportation Connectivity:
    Hoa Hoi Industrial Park boasts a favorable location near major transportation routes such as National Highway 1A, the North-South railway line, and Provincial Road 634; it is also approximately 11 km from National Highway 19, facilitating goods transportation and inter-regional connectivity.

Perspective view of Hoa Hoi Industrial Park, Phase 1

2. Costs and investment incentives in Hoa Hoi Industrial Park

Infrastructure and Service Costs:

  • Infrastructure management and operation fee: 0.5 USD/m²/year
  • Electricity price:
    • Off-peak hours: 1,037 VND/kWh
    • Normal hours: 1,604 VND/kWh
    • Peak hours: 2,959 VND/kWh
  • Clean water price: 800 VND/m³
  • Wastewater treatment fee: 10,000 VND/m³

Investment incentives at Hoa Hoi Industrial Park:

Businesses operating in Hoa Hoi Industrial Park enjoy many outstanding incentives, specifically:

  • Land lease exemption: Investors are completely exempt from raw land lease costs throughout the project implementation period.
  • Corporate income tax (CIT): A preferential tax rate of 10% is applied for 15 years from the project’s commencement of operations; tax exemption for the first 4 years and a 50% reduction in tax payable for the following 9 years.
  • Import and export taxes: Benefit from exemptions and reductions as per current regulations of the Vietnamese Government.

Support from the investor:

In addition to tax incentives, the investor of Hoa Hoi Industrial Park also provides many practical support policies for businesses:

  • Free support for initial legal procedures such as: Investment Registration Certificate (IRC), Enterprise Registration Certificate (ERC), Land Use Right Certificate (LURC).
  • Land handover within 7 days from the date the investor receives the investment registration certificate.
  • Support in connecting and working with banks and credit institutions to access capital for production and business.
  • Accompanying businesses in working with local management agencies when issues arise.
  • Support in recruitment and training of human resources.
  • Connecting and introducing reputable partners in many related fields.

Land use planning map of Hoa Hoi Industrial Park

3. Geographical location of Hoa Hoi Industrial Park

Hoa Hoi Industrial Park boasts a prime location, situated adjacent to National Highway 1A, the North-South railway line, and Provincial Road 634 – vital transportation arteries connecting major economic centers such as Hanoi, Da Nang, and Ho Chi Minh City. It also offers convenient access to Phu Cat Airport and Quy Nhon International Seaport.

Furthermore, the project is approximately 11 km from National Highway 19 – a crucial transportation route connecting Quy Nhon Port with the Central Highlands, Southern Laos, and Cambodia, facilitating logistics and import/export activities.

Project Boundaries:

  • North: Adjacent to existing residential areas and Provincial Road 633
  • South: Adjacent to Provincial Road 634
  • East: Adjacent to residential areas and the existing railway line
  • West: Adjacent to Mount Mot and national defense land

Location of Hoa Hoi Industrial Park

Transportation connections:

  • Distance from North-South Expressway interchange: approximately 1.5 km
  • Distance from Phu Cat Airport: approximately 13 km
  • Distance from National Highway 19: approximately 11 km
  • Distance from Dieu Tri train station: approximately 27 km
  • Distance from Quy Nhon International Port: approximately 36 km
  • Distance from Thi Nai Port: approximately 36 km
  • Distance from Quy Nhon city center: approximately 38 km
  • Distance from Le Thanh border gate (Gia Lai): approximately 225 km
  • Distance from Bo Y international border gate (Kon Tum, to Laos): approximately 270 km

4. Infrastructure System

Perspective view of Hoa Hoi Industrial Park

Hoa Hoi Industrial Park has essentially completed its technical infrastructure system, including a synchronized internal transportation network, a water supply plant, and a wastewater treatment system, all of which are operational and ready to serve investors.

  • Land conditions:
    The land has a stable geological foundation (hilly terrain), and the site has been fully prepared, immediately meeting the needs of businesses for project implementation.
  • Internal transportation system:
    The internal roads are planned and constructed synchronously, ensuring convenient traffic flow and effectively serving production and goods transportation activities.
The entrance to Hoa Hoi Industrial Park is currently connected to Provincial Road DT 638 (located approximately 1.8 km from the intersection of Provincial Road DT638 and National Highway 1A).
  • Power Supply System:
    Electricity is supplied from the national grid via a 110/22kV (35kV) transformer substation with a capacity of 63 MVA, capable of upgrading to meet the increasing needs of businesses.
  • Water Supply System:
    The water treatment plant has a capacity of 7,000 m³/day, currently supplied by the Central Vietnam Water Supply and Drainage Company Limited, and its capacity can be expanded as needed. The rainwater drainage system is designed underground and arranged along the roads within the industrial park.
  • Wastewater Treatment System:
    The wastewater treatment plant has a total capacity of 5,500 m³/day; of which phase 1 (1,200 m³/day) is already operational. Treatment capacity can be upgraded according to the actual needs of the projects.
  • Telecommunications System:
    Modern telecommunications infrastructure ensures stable, high-speed connections, fully meeting the communication needs of businesses.
  • Other Amenities:
    The industrial park is approximately 36 km from FLC Luxury Resort Quy Nhon, convenient for the accommodation and leisure needs of experts and partners.

Perspective view of internal roads in Hoa Hoi Industrial Park

5. Investment process in Hoa Hoi Industrial Park

Investment Process in Industrial Parks:

  • Step 1: Select a suitable location and land plot to meet investment needs.
  • Step 2: Sign a preliminary agreement on infrastructure lease and land sublease.
  • Step 3: Assist in carrying out legal procedures, including applying for an Investment Registration Certificate and business establishment registration.
  • Step 4: Sign a formal contract for infrastructure lease and land lease.
  • Step 5: Hand over the land to the investor for project construction.
  • Step 6: Complete the procedures for obtaining a Land Use Right Certificate.