[Binh Dinh] Hong Yeung Industrial Park – Nhon Hoi B Industrial Park

Overview of Hong Yeung Industrial Park

Hong Yeung Industrial Park (HYIP), also known as Nhon Hoi B industrial park, is located in Nhon Hoi B Economic Zone of Binh Dinh province – the gateway to the Central region of Vietnam.

Image of Hong Yeung Industrial Park viewed from above

Hong Yeung Industrial Park (HYIP) is invested and operated by the famous HK Hong Yeung International, with an area of 451.86 hectares and complete infrastructure.

Overview perspective of Hong Yueng Industrial Park

Project name: Investment in construction and infrastructure business of Nhon Hoi Industrial Park (Area B)

Investor: Hong Yeung Vietnam One Member Company Limited

Field of activity:

• Investing in infrastructure construction of Nhon Hoi Industrial Park (zone B).
• Management and business of infrastructure of Nhon Hoi Industrial Park (zone B).
• Providing support services for investment projects in Nhon Hoi Industrial Park (zone B).
• Construction of civil and industrial projects.

Area: 460 hectares.

Total investment capital: 52,000,000 USD.

Operating term: 50-70 years.

Location of Hong Yeung Industrial Park

Nhon Hoi B Industrial Park is located in Nhon Hoi Economic Zone, Quy Nhon city, Binh Dinh province. Distance from Nhon Hoi B Industrial Park to:

• Quy Nhon city center: 06 km
• Quy Nhon port: 06 km
• National Highway 1A: 15 km
• Dieu Tri Station: 18 km
• Phu Cat Airport: 30 km

Location of Nhon Hoi B industrial park

Information about Nhon Hoi economic zone

Road:

• Highway 1A to Hanoi – Ho Chi Minh City
• Highway 19 goes to the Central Highlands, Laos, and Cambodia

Rail

• Railway: North-South railway
• From Dieu Tri station (one of 10 major stations in Vietnam): 15km

Transportation

• Waterway – Quy Nhon deep-water port:
  • Allow ships with a tonnage of 30,000 – 50,000 tons to dock.
  • Located close to international maritime routes, convenient for foreign ships entering and leaving the Port.
    Average shipping costs are very low.
  • Quy Nhon has over 10 maritime routes leading to international border ports such as Hong Kong, Singapore, Bangkok, Kaohsiung, Tokyo,…
• As an international exchange hub with a superior geographical location, it is also an important gateway for goods into the Central & Central Highlands of Vietnam, Southern Laos, Northeast Cambodia and Thailand.

Planning map of Nhon Hoi B Economic Zone

Infrastructure of Hong Yeung Industrial Park

The ground

• Uniform sand base; Lowest leveling height + 4.5m, highest + 20m;
• The bearing capacity of the foundation is about 20 tons/m2 (2kg/cm2)
• The leveled ground area is available and can be immediately delivered to the investor after signing the contract.

Traffic system

• Asphalt asphalt pavement, load capacity H30 – XB
• Main road (65m-80m): Phase 1: 4 lanes; Phase 2: 12 lanes
• Internal roads include 65m, 56m, 45m, 29m, 27m, 20m with a total length of about
• There are 03 free parking lots with an area of 4 hectares.

Electricity distribution system

• 220KV national grid from Phu Tai to Nhon Hoi Economic Zone. In the economic zone, there is a 220/110KV transformer station with a capacity of 2×125
• 110 KV line from 220/110KV station to
• 110/22KV transformer station with capacity of 2x63MVA Nhon Hoi 1. Can be increased from 150¸200 MVA according to investor needs
• At the Investor’s land lot, a Transformer Station is installed according to the Investor’s load needs, invested by Binh Dinh Electricity.
• Electric road lighting

Water supply system

• The booster pump station phase 1 has a capacity of 24,000m3/day and night; Phase 2 capacity is 64,000m3/day and night.
• Water supply pipes to the foot of the fence of the Investor’s land lot.
• Fire hydrants are installed along routes in the Industrial Park.

Rainwater drainage system

• Surface water collection pipes follow routes in the industrial park

Sewerage system

• Wastewater collection pipeline D=300 to D=600 leads to Nhon Hoi Industrial Park Wastewater Treatment Plant.

Green tree system

• Flower gardens and trees account for 15% of the industrial park land area

Telecommunications system

• Many types of services and services upon request

Current status of land use planning in Hong Yeung Industrial Park

• Total planned land area: 451.86 hectares
• Industrial land area available for lease: 451.86 hectares
• Area of industrial land leased: 33.3 hectares
• Remaining industrial land area: 418.56 hectares
• Industrial land area without infrastructure: 0 ha
• Fill rate: 7%

Priority areas to attract investment

• Production of electrical equipment, civil electronics, industrial electronics.
• Manufacturing, production and assembly of auto and motorbike spare parts, mechanical engineering.
• Packaging, footwear, garment and some other light industries.
• Processing agricultural, forestry, aquatic products and food.
• Consumer goods, industrial household appliances.
• Mechanical industry, construction materials, chemicals and other industries,…

Investment incentive policies

Corporate income tax incentives

• For all investment projects: Apply a tax rate of 10% for 15 years from the time the project goes into production and business operations, including:

• • The first 4 years since the project has income: completely tax exempt.
  • Next 9 years: 50% reduction.
  • After the preferential period: Apply the current tax rate according to State regulations
• For large-scale projects with high or new technology that need to especially attract investment, the period of application of preferential tax rates may be extended but the total period of application of the 10% tax rate shall not exceed 30 years. decided by the Prime Minister.

Exemption from import tax

• For equipment, machinery (attached spare parts), specialized means of transport included in technology lines, construction materials that cannot be produced domestically or do not meet quality standards
• The project especially encourages investment and projects to produce mechanical, electrical and electronic components and spare parts
• Exemption from import tax for 5 years from the start of production and business

Personal Income Tax Reduction

• Employees working in industrial parks have a 50% reduction in personal income tax

Project planning map

Download high quality file of industrial park planning map: Link

Review of Hong Yueng Industrial Park

 

Advantage

• Located at the intersection of National Highway 1A and Highway 19, it easily connects to Lang Son, Hanoi, Da Nang, Ho Chi Minh, Le Thanh border gate and Combodia.
• North – South railway line.
• 8 km from Quy Nhon port
• 26 km from Phu Cat international airport.
• Qui Nhon is also the transportation center of the southern corridor of the Mekong sub-region connecting Thailand, Combodia and Vietnam.
• This is a key area to attract FDI investment in the Central region of Vietnam.

Defect

• The industrial park is located near the sea, so machinery, equipment, and factories are easily damaged if not well maintained and preserved.
• The industrial park’s ground is mainly sand, so it needs to be carefully reinforced.

Vietnam Property Hub service

With a staff of many years of experience in the field of project investment implementation, with industrial park management boards, with project investors, serving many domestic and foreign investors, Việt Nam Property Hub offers the following services:

• Investment promotion (land, factories) in industrial parks, industrial clusters and commercial and service land, …
• Legal support & Investment consulting in fields related to industrial real estate.
• Connecting industrial real estate investment cooperation.

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