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Nhuan Trach Industrial Park, Hoa Binh Province

Nhuan Trach Industrial Park, Hoa Binh Province

Nhuan Trach Industrial Park is planned in a strategic position for industrial development in Hoa Binh province, period 2021 – 2025, approved by the Prime Minister for investment in April 2022. On February 22, 2022, Deputy Prime Minister Le Van Thanh signed Decision No. 256/QD-TTg on investment policy for construction investment project and infrastructure business in Nhuan Trach industrial park, Hoa Binh province.

Nhuan Trach Industrial Park

Nhuan Trach Industrial Park, Hoa Binh Province

 

I. Overview of Nhuan Trach Industrial Park

With a total investment capital of 2,389.5 billion VND, Nhuan Trach Industrial Park is one of the key projects of Hoa Binh province. The project will be implemented from July 8, 2022, in which site clearance work is divided into 2 phases: Phase 1 with an area of 34.5 hectares, phase 2 with an area of 76.5 hectares.

RSL Group would like to introduce an overview of the Nhuan Trach Industrial Park project as follows:

  • Name: Nhuan Trach Industrial Park (Nhuan Trach IP)
  • Location: Nhuan Trach commune, Cu Yen commune, Luong Son district, Hoa Binh province
  • Area: 213,68 hectares
  • Occupancy rate: 10%
  • Operating term: 50 years (2022 – 2072)
  • Industries attracting investment: Priority is given to high-tech and clean technology industries such as mechanical processing; yarn, weaving, dyeing, garment; power electronics; medicine; food and food processing; woodworking and processing; print package…; Do not attract industries that pollute the environment such as weaving, dyeing, paper production…
  • Human resources: Luong Son district is a densely populated locality and the most abundant labor source in Hoa Binh province. The population in 2021 will be about 106,000 people, with the proportion of people of working age reaching nearly 62%. The rate of trained workers is about 67%, of which 57% of workers with a degree certificate (the highest in Hoa Binh province) and tends to increase. The proportion of workers working in the industrial and service sectors is currently about 63%. Regional minimum wage: 3,640,000 VND/month.

II. Location of Nhuan Trach Industrial Park

Located at the eastern gateway of Hoa Binh province, Nhuan Trach Industrial Park is adjacent to Xuan Mai town, Chuong My district, Hanoi city, so it has an outstanding advantage in traffic connection in the Northern region. From the project, it is easy to connect to key economic regions via National Highway 2A and Ho Chi Minh Road.

Nhuan Trach Industrial Park, Hoa Binh Province

Distance

  • To National Highway 6: more than 2km
  • To Hoa Binh city: 35km to the East
  • To the center of Hanoi capital: 40km west
  • To Noi Bai International Airport: 60km
  • To Hai Phong port: 160km

III. Infrastructure in Nhuan Trach Industrial Park

In the plan, technical infrastructure of Nhuan Trach Industrial Park will be invested and built synchronously and modernly with projects: power supply system, water supply, drainage, fire prevention and fighting, wastewater treatment area., traffic, communication, lighting system, security, environment and trees…, built according to the standards of a clean industrial park, without environmental pollution.

Nhuan Trach Industrial Park, Hoa Binh Province

Internal traffic:

  • Nhuan Trach Industrial Park owns 5 internal roads: Route 1 is 38m wide, route 2 is 34m wide, route 3 is 24m wide, route 4 is 21m wide, route 5 is 17.5m wide.

Electricity distribution system:

  • Taken from the 110KV E19.2 Luong Son station with a capacity of 2x25MVA, from 2026-2035 the Luong Son station will increase its capacity to 2x63MVA.
  • It is expected that there will be one more 110KV station in the period 2025-2030 right next to Nhuan Trach Industrial Park.

Clean water system:

  • Water supply plant with capacity of 10,000m3/day and night. Provision for 2025-2030: Water supply from Luong Son planned water supply network (from Hoa Binh City) passes through the intersection of Nhuan Trach Industrial Park.

Waste water treatment system:

  • Wastewater treatment plant with capacity of 6,700 m3/day and night includes 02 wastewater treatment plants with capacity of 5,700 m3/day and 1,000 m3/day and night.

Telecommunication system:

  • The communication system is provided by network operators such as: VNPT, FPT, Viettel… ensuring smooth domestic and international communication. Includes full range of services: telephone, mobile, fax, Internet for investors.

Service infrastructure:

  • The operating center of the industrial park is 2.2 hectares wide and is arranged by the investor to be built at the project.
  • In the first phase of the project, financial and banking institutions such as: ViettinBank, BIDV, MB Bank, Agribank, Luong Son State Treasury are 5km away from the Industrial Park; When Nhuan Trach Industrial Park comes into operation, financial institutions will be located right at the Industrial Park to provide utility services for businesses.
  • Luong Son District Tax, Insurance and Post Office Departments are 4km from the Industrial Park; Hoa Binh Customs Branch is 5km from the Industrial Park; Luong Son General Hospital is 4.5km from the Industrial Park; Luong Son district police station is 4.5 km from the industrial park.
  • The investor implements an investment project in worker housing and social welfare infrastructure to serve the essential needs of workers in the industrial park in each phase, the construction location is planned to be located next to the industrial park.

IV. Investment costs

  • Industrial management service fee: Estimated about 6,800 VND/m2/year excluding VAT
  • Clean water price: According to the unit price of Hoa Binh Provincial People’s Committee
  • Electricity price: Normal hour: 1,555 VND/kWh; Off-peak hours: 1,007 VND/kWh; Peak hour: 2,871 VND/kWh.
  • Wastewater treatment fee: Depends on COD concentration

Nhuan Trach Industrial Park, Hoa Binh Province

V. Investment incentives

Enterprises in Nhuan Trach Industrial Park enjoy preferential investment policies as follows:

Corporate income tax incentives:

  • The preferential tax rate is 17% for 10 consecutive years from the first year the enterprise has revenue from the project. When this preferential tax rate expires, businesses will switch to applying the 20% tax rate.
  • Tax exemption for 2 years and 50% reduction for the next 4 years from the date of taxable income.
    + The tax exemption and reduction period is calculated continuously from the first year the enterprise has taxable income from the project;
    + In case the enterprise has no taxable income in the first three years (from the first year of revenue from the project), the tax exemption and reduction period is calculated from the fourth year.
    (Apply tax incentives and exemptions to new investment projects)

Import and export tax incentives:

  • Exemption from import tax for goods imported to create fixed assets; Raw materials, supplies, and components imported for production.

Support from infrastructure developer Nhuan Trach Industrial Park:

  • Support for businesses recruiting and training local workers, support level from 300,000 VND – 1,000,000 VND/worker depending on the scale of recruitment and labor training.
  • The investor commits to accompany and support free of charge investment licensing procedures (if any) and land use rights certificates; Consulting and supporting procedures: business establishment, construction licensing, fire protection approval… and always accompanying businesses so that investment projects in Nhuan Trach Industrial Park are implemented most smoothly and effectively.

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Above is an article about Nhuan Trach Industrial Park – an ideal investment location in Vietnam for domestic and international businesses, hoping to provide useful information to readers. For detailed advice on investment opportunities in Nhuan Trach IP, contact us immediately via:

RSL Group – Comprehensive industrial real estate ecosystem
Hotline: 0912.94.93.93 – Ms. Thanh Ha
Website: https://www.rslgroup.vn/
Email: info@redsunland.vn

Source: redsunland.vn