Binh Phu Industrial Park, Hoa Binh

I. Overview of Binh Phu Industrial Park, Hoa Binh

• Project Name: Binh Phu Industrial Park
  Location: Mong Hoa Commune, Hoa Binh City, Hoa Binh Province
  Scale: 214.29 hectares (excluding 21.57 hectares of forest land reserved for hill and mountain functions)
  Operating Duration: 50 years (2022 – 2072)
  Total Investment: Nearly 1,900 billion VND

Binh Phu Industrial Park, Hoa Binh, focuses on attracting a diverse range of industries and supports investors in the process of obtaining investment permits and building factories:

• Food Processing Industry: Food and beverage processing

• Textiles and Leather Industry: Garment production, footwear manufacturing

• Construction Materials Manufacturing: Production of bricks, cement, and other construction materials

• Information Technology, Electronics, and Electrical Industry: Production of electronic components, electrical devices

II. Geographic Location and Regional Connectivity of Binh Phu Industrial Park, Hoa Binh

Located in Ky Son District, Hoa Binh, Binh Phu Industrial Park is situated along the Hanoi – Hoa Lac – Hoa Binh Expressway and National Highway 6 Hanoi – Ha Dong – Xuan Mai – Hoa Binh. The transportation infrastructure is relatively convenient, with the park being adjacent to Hanoi and located on the main route to the Northwest, facilitating labor recruitment and goods transportation.

• Approximately 15 km from Hoa Binh City Center

• About 15 km from Luong Son Industrial Park

• Around 20 km from Xuan Mai

• About 30 km from Phu Nghia Industrial Park, Chuong My, Hanoi

• Approximately 60 km from the center of Hanoi

• Around 80 km from Noi Bai International Airport

• About 170 km from Hai Phong International Port

III. Infrastructure of Binh Phu Industrial Park, Hoa Binh

• Transportation System: Main roads are 31 meters wide, with internal roads measuring 18.5 meters and 13.5 meters.

• Power Supply: Provided from the 110 kV Luong Son substation with a capacity of 2×25 MVA, expected to be upgraded to 2×63 MVA by 2026.

• Water Supply: A water treatment plant with a capacity of 10,000 m³/day.

• Wastewater Treatment: A wastewater treatment system with a capacity of 6,100 m³/day.

• Telecommunications: Modern communication systems provided by major telecom operators such as Viettel or VNPT.

IV. Investment Costs and Policies at Binh Phu Industrial Park, Hoa Binh

• Corporate Income Tax: Exemption for the first 2 years, 50% reduction for the next 4 years.

• Preferential Tax Rate: 17% for 10 years for high-tech and clean industries.

• Land Use Fee Exemption: Land can be leased at preferential rates for long periods.

• Legal and Administrative Support: Practical services are provided to assist businesses with legal and administrative procedures.