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Quang Binh Invites Investment in the Expansion of Bac Dong Hoi Industrial Park

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On November 24, the Quang Binh Economic Zone Management Board announced an invitation for investors to submit proposals for projects in the expanded Bac Dong Hoi Industrial Park.

According to the Management Board, the expanded Bac Dong Hoi Industrial Park is located in Bac Ly Ward and Loc Ninh Commune, Dong Hoi City, Quang Binh Province. The industrial park is situated in the northwest of Dong Hoi City, adjacent to National Highway 1A (Dong Hoi bypass); approximately 1.5 km from the Ho Chi Minh Highway, 3 km from Dong Hoi railway station, 3.5 km from Dong Hoi airport, and 60 km from the deep-sea port of Hon La.

Regarding scale, the detailed planning area for the industrial park covers 45.6 hectares. This includes 32.1 hectares for industrial land (factory and enterprise construction), 7.4 hectares for parks, greenery, and gardens, 0.2 hectares for parking lots, 0.1 hectares for technical infrastructure, and 5.8 hectares for transportation infrastructure.

The expanded Bac Dong Hoi Industrial Park was approved by the Quang Binh Provincial People’s Committee under Decision No. 4599/QD-UBND on December 4, 2020, with a detailed 1/500 planning scale.

The area designated for factory and enterprise construction permits environmental hazard levels ranging from Grade III to V, with a maximum construction density of 70% and a building height limit of five stories (excluding production lines and technological equipment). The setback distance from the red line of adjacent traffic roads must be at least 6 meters.

Nguyen Quoc Khanh, Deputy Head of the Quang Binh Economic Zone Management Board, stated that the infrastructure lease price in the expanded Bac Dong Hoi Industrial Park is VND 490,200 per square meter for 50 years. Of this, land clearance costs amount to VND 70,690 per square meter, which investors can gradually deduct from land rental payments to the state. Investors must make a one-time payment of the total amount based on the area as per land survey measurements before leasing the land.

For land rental rates, the fixed price is VND 6,500 per square meter per year. Management and operational costs are VND 3,400 per square meter per year, while wastewater treatment fees are projected at VND 10,000–15,000 per cubic meter.

Khanh also noted that investors participating in the Bac Dong Hoi Industrial Park project would benefit from corporate income tax incentives under Law No. 32/2013/QH13 amending and supplementing certain provisions of Corporate Income Tax Law No. 14/2008/QH12 and Decree No. 218/2013/ND-CP. These include a two-year tax exemption and a 50% reduction in payable tax for the next four years.

Regarding land rental incentives, investors will receive exemptions from land and water surface rental fees during the basic construction period, up to a maximum of three years from the date of the land lease decision. Additionally, they will enjoy import tax incentives as stipulated by relevant regulations.

The expanded Bac Dong Hoi Industrial Park was developed with an investment of nearly VND 150 billion over an area of more than 50 hectares (32 hectares allocated for enterprise lease). The project was funded initially by local government resources, with reimbursement planned. After two years of implementation, the industrial park now boasts modern and synchronized infrastructure.

To facilitate investment, the Quang Binh Economic Zone Management Board has called for investments in centralized wastewater treatment systems for both the Bac Dong Hoi and Northwest Dong Hoi industrial parks. This project, with a total investment of VND 15 billion and a capacity of 600 cubic meters per day, is being executed by An Thanh Consulting and Investment Co., Ltd. to meet investors’ needs and comply with environmental protection laws.

Economic

Bac Giang Adds a New Industrial Park Worth VND 3,700 Billion

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The Hoa Yen Industrial Park, spanning nearly 257 hectares with an investment capital exceeding VND 3,700 billion, has received approval for its investment policy.

Deputy Prime Minister Tran Hong Ha recently approved the investment policy for the project to develop and operate infrastructure for the Hoa Yen Industrial Park, covering an area of nearly 257 hectares. The project is located in Hiep Hoa District and Viet Yen Town, Bac Giang Province, with one side adjacent to Provincial Road 398.

The organizational diagram of the architectural and landscape space of Hoa Yen Industrial Park. Source: Bac Giang Electronic Information Portal

The organizational diagram of the architectural and landscape space of Hoa Yen Industrial Park. Source: Bac Giang Electronic Information Portal

The industrial park has a total investment capital of over VND 3,700 billion, including nearly VND 562 billion contributed by investors. The project is slated to operate for 50 years.

According to the 1/2000 zoning plan, over 60% of the area is allocated for factories and workshops, more than 10% for green spaces, with the remaining land designated for services, technical infrastructure, parking lots, and other facilities.

Once completed, the project will become a multi-sectoral industrial park prioritizing high-tech, environmentally friendly industries such as processing, manufacturing, production, and assembly.

The decision also approves Fecon Hoa Yen Joint Stock Company as the project’s investor. Established in September 2022, the company primarily operates in the real estate sector with a charter capital of VND 600 billion.

Bac Giang is one of the leading industrial hubs in northern Vietnam, boasting a high occupancy rate in its industrial parks. To date, the province hosts nine industrial parks, including six operational parks and three in the planning stage, concentrated in Viet Yen Town and the districts of Yen Dung, Hiep Hoa, and Lang Giang. These areas have also seen dynamic growth in various real estate segments surrounding the industrial parks between 2020 and 2022.

Currently, similar to the broader market trends, the local real estate sector remains subdued, with high property prices but low liquidity.

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