Dong Bac Song Cau 1 Industrial Park, Phu Yen Province

Key Points to Note:

• Dong Bac Song Cau I Industrial Park is one of the key industrial parks in Phu Yen Province.
• The industrial park was established with the goal of attracting investment and promoting industrial development.
• The park has a favorable geographic location, modern infrastructure, and attractive investment incentives.

Geographic Location of Dong Bac Song Cau I Industrial Park

Dong Bac Song Cau I Industrial Park is strategically located. It is close to highways, seaports, and airports. This helps businesses easily access domestic and international markets, promoting production and export.

Convenient Transport Connections

This industrial park has a network of road, sea, and air transport. This facilitates the transportation of raw materials and goods. Specifically:

• About 10 km from the North-South highway, making it easy to access major domestic markets.
• Only 15 km from Song Cau seaport, convenient for import and export activities.
• Just 30 km from Tuy Hoa airport, serving international trade.

A Potential Area for Industrial Development

Dong Bac Song Cau 1 Industrial Park has considerable potential. It has abundant resources and a plentiful labor force. This creates favorable conditions for production, processing, and industrial enterprises.

Dong Bac Song Cau 1 Industrial Park is a land full of potential. It has advantages in transport connectivity and rich resources. This will be an ideal destination for businesses looking to develop production and expand markets.

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Formation and Development Process of the Industrial Park

Dong Bac Song Cau I Industrial Park was established in 2005. The goal was to attract investment and promote the industrial development of Phu Yen Province. Over the years, this industrial park has expanded and improved its infrastructure, creating favorable conditions for investors.

The formation and development process of Dong Bac Song Cau 1 Industrial Park can be divided into the following main phases:

1. 2005 – 2010 Phase: The industrial park was established and began attracting investment projects. Key industries included food processing and consumer goods manufacturing.
2. 2011 – 2015 Phase: The industrial park expanded its area and infrastructure. Many domestic and foreign enterprises participated, contributing to the local economy.
3. 2016 – 2020 Phase: The industrial park continued to develop strongly. Infrastructure was upgraded, and various industries diversified, creating jobs for thousands of workers.

Today, Dong Bac Song Cau 1 Industrial Park has become a beacon of industrial development in Phu Yen Province. It has contributed to economic growth and improved the living standards of the local people.

The development of Dong Bac Song Cau 1 Industrial Park clearly demonstrates the potential and vision of Phu Yen Province in promoting industrialization and modernization. With solid progress, Dong Bac Song Cau 1 Industrial Park is increasingly asserting its position. It is an attractive destination for investors, and Phu Yen is becoming a dynamic industrial center in the region.

Main Industries at Dong Bac Song Cau I Industrial Park

Dong Bac Song Cau I Industrial Park attracts many businesses engaged in food processing and consumer goods manufacturing. These are sectors with significant potential that leverage local advantages in resources and labor.

Food Processing Industry

Many food processing companies choose this industrial park. They utilize fresh raw materials from nearby agriculture. Factories produce a variety of products such as seafood, fruits, beverages, and nutrition products.

Consumer Goods Manufacturing Industry

This industrial park also attracts businesses in consumer goods manufacturing. Products such as apparel, footwear, household items, and other consumer goods are produced and distributed throughout the country.

Dong Bac Song Cau I Industrial Park has many advantages, including modern infrastructure, abundant raw materials, and attractive policies. This makes it an appealing destination for businesses in the food processing and consumer goods sectors.

Modern Infrastructure at the Industrial Park

Dong Bac Song Cau 1 Industrial Park is invested in with modern infrastructure systems. This meets the operational needs of businesses. The favorable working environment attracts investors.

Synchronised Transport System

Dong Bac Song Cau 1 Industrial Park features a modern, synchronized transport system connecting main roads, airports, and seaports. This facilitates quick transportation of goods and movement of workers.

Reliable Electricity and Water Supply

The industrial park has a reliable and sufficient supply of electricity and water, meeting production needs and creating a stable working environment.

Incentives and Support Policies for Businesses

Dong Bac Song Cau I Industrial Park in Phu Yen is attracting many enterprises, thanks to the incentive policies and support from local authorities. The main goal is to attract investment and develop the area.

Tax policies are the primary incentives. Businesses investing in this industrial park benefit from numerous advantages:

• Corporate income tax exemption for the first 2-4 years
• 50% reduction in corporate income tax for the next 4 years
• VAT refunds on exported goods and services

Businesses also benefit from land price incentives and support services:

1. Assistance with investment procedures and business registration
2. Help in finding and recruiting labor
3. Support for training and enhancing worker skills

These incentives and support policies make the business environment at Dong Bac Song Cau I Industrial Park attractive, drawing many businesses to invest here.

Introduction to Dong Bac Song Cau I Industrial Park, Phu Yen Province

Dong Bac Song Cau 1 Industrial Park is a highlight in the economy of Phu Yen Province. Its strategic location and synchronized infrastructure attract many investors. This is a large and modern industrial park.

Established in 2010, it has developed robustly and become one of the largest industrial parks in the province. With an area of 300 hectares, the park provides space for various sectors such as food processing and consumer goods manufacturing.

This industrial park has a stable transportation system, electricity, and water supply. Attractive incentive policies create a favorable investment environment, promoting the industrial development of the province.

The highlights of Dong Bac Song Cau 1 Industrial Park attract investors who want to leverage the potential of Phu Yen Province and the Central Vietnam region.

Future Development Potential of the Industrial Park

Dong Bac Song Cau I Industrial Park in Phu Yen Province has considerable development potential. Its favorable geographic location, modern infrastructure, and attractive policies are key factors that create conditions for strong growth.

Expansion Planning for the Industrial Park

Local authorities are developing plans to expand the scale of the industrial park to meet the increasing demands of businesses. The area of industrial land will significantly increase in the future.

Attracting Foreign Investment

Dong Bac Song Cau 1 Industrial Park is attracting foreign investors. Tax incentives, infrastructure, and utilities are the main reasons. The government will continue to attract large projects to enhance the development potential of the industrial park.

Dong Bac Song Cau 1 Industrial Park, with its strategic location, modern infrastructure, and investment incentive policies, is expected to be a driving force in attracting foreign investment in the coming years. It is anticipated that the industrial park will become a bustling industrial center, promoting the expansion planning and development potential of Phu Yen Province.

Notable Projects at Dong Bac Song Cau I Industrial Park

Dong Bac Song Cau I Industrial Park is attracting numerous investment projects from both domestic and foreign enterprises. These projects drive development and create job opportunities.

Phu Yen Export Garment LLC is a notable project, investing 500 billion VND. The company specializes in producing and exporting high-quality garments.

Hoa Phat Steel Phu Yen LLC also has a significant project. They are constructing a steel plant with a capacity of 500,000 tons per year, contributing to the development of the metal processing industry.

Northeast Packaging Manufacturing LLC invested 200 billion VND, producing industrial and food packaging to meet the growing demand of businesses.

These projects not only develop the industrial park but also create job opportunities and stimulate the local economy.

Role of the Industrial Park in Local Economic Development

Dong Bac Song Cau I Industrial Park is crucial for the socio-economic development of Phu Yen Province. It attracts many enterprises and creates new job opportunities, helping to boost the local GDP.

The development of the industrial park has improved infrastructure in Phu Yen. The transportation, electricity, and water supply systems have been enhanced, creating a better business environment and improving the quality of life for residents.

The industrial park also creates jobs for local labor, improving their living standards and income. It makes significant contributions to the socio-economic development of Phu Yen Province.

Other industrial zones

• An Phu Industrial Park In Phu Yen Province
• Da Nganh Industrial Park In Phu Yen Province
• Dong Bac Song Cau 1 Industrial Park In Phu Yen Province
• Dong Bac Song Cau 2 Industrial Park In Phu Yen Province
• Hoa Hiep 1 Industrial Park In Phu Yen Province
• Hoa Hiep 2 Industrial Park In Phu Yen Province
• Hoa Tam Industrial Park In Phu Yen Province

FAQ

What is the geographic location of Dong Bac Song Cau I Industrial Park?

This industrial park is strategically located in Song Cau Town, Xuan Hai Commune, Phu Yen. It is near highways, seaports, and airports, facilitating easy access to domestic and international markets.

What are the main industries at Dong Bac Song Cau I Industrial Park?

This industrial park attracts food processing and consumer goods manufacturing enterprises, which are promising sectors that align with local advantages.

What incentives and support policies does Dong Bac Song Cau I Industrial Park offer to businesses?

The government of Phu Yen Province and the management board have implemented various incentive policies, including tax incentives, land price incentives, and support services to attract investment.

What is the future development potential of Dong Bac Song Cau I Industrial Park?

With its location and modern infrastructure, the industrial park has significant growth potential. Local authorities are expanding its scale and attracting foreign investment.

What is the role of Dong Bac Song Cau I Industrial Park in local economic development?

The industrial park plays an essential role in the socio-economic development of Phu Yen Province by attracting investments, creating new jobs, boosting GDP, and improving infrastructure, thus enhancing the residents’ quality of life.