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

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.