Ly Trach Industrial Park in Quang Binh Province
Ly Trach Industrial Park, located in Ly Trach Commune, Bo Trach District, Quang Binh Province, is an important industrial zone. Its strategic location, modern infrastructure, and attractive incentive policies have attracted many businesses from both domestic and international markets to invest and operate.
Key Highlights
- Ly Trach Industrial Park is one of the key industrial parks in Quang Binh Province.
- The strategic location and modern infrastructure attract many businesses to invest.
- Attractive investment incentive policies within the industrial park.
- Ly Trach Industrial Park is developing into an appealing investment destination.
- Future development potential of Ly Trach Industrial Park.
Geographical Location of Ly Trach Industrial Park
Ly Trach Industrial Park is strategically located, connecting to important transportation systems in Quang Binh Province. Its location facilitates easy access to both road and sea transport.
Advantages in Road and Sea Transportation
Ly Trach I.P is situated on National Highway 1A, a crucial transportation route in Central Vietnam. This makes it easy for businesses to transport goods. The industrial park also connects to the seaport system, featuring a deep-water port that is favorable for imports and exports.
Distance from Major Cities
- Approximately 20 km from Dong Hoi City (the provincial center of Quang Binh).
- About 100 km from Hue City (Thua Thien Hue Province).
- Roughly 180 km from Da Nang City.
The proximity to major cities enables Ly Trach I.P to easily access a quality labor force while enhancing trade and collaboration with domestic and international partners. The strategic geographical location of Ly Trach I.P is one of its important competitive advantages.
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History of Formation and Development of the Industrial Park
Ly Trach Industrial Park is located in Quang Binh Province. It was established in 2005. Since then, the industrial park has continually expanded and upgraded its infrastructure. Today, it is one of the most attractive investment locations in the province.
The development of Ly Trach I.P has brought numerous economic and employment opportunities. Transportation, logistics, and utilities have been continuously improved, attracting many domestic and foreign businesses to invest.
| Year | Event |
| 2005 | Ly Trach Industrial Park was established |
| 2010 | Expansion of area and upgrading of infrastructure |
| 2015 | Attracted many large investment projects from both domestic and foreign sources |
| 2020 | Continued development with new industrial sectors |
Ly Trach I.P has significantly contributed to the economic development of Quang Binh Province. With attractive investment incentives and modern infrastructure, this industrial park is expected to attract even more projects in the future. It serves as an important economic development driver for Quang Binh Province.
Scale and Infrastructure of Ly Trach Industrial Park
Ly Trach Industrial Park in Quang Binh Province is systematically planned. It covers an area of approximately 250 hectares and is efficiently utilized. This attracts many investors.
Transportation and Logistics System
Ly Trach I.P boasts a modern transportation and logistics system, facilitating the easy movement of goods. There are road, rail, sea, and airport connections linking this area to major economic centers.
The logistics and support services are comprehensively invested. This enhances the efficiency and competitiveness of the industrial park.
Key Industries at Ly Trach I.P
Ly Trach I.P attracts numerous businesses that invest in various fields. The main industries here include:
- Mechanics: Production of auto parts and industrial machinery.
- Food Processing: Production of food, canned goods, and beverages.
- Consumer Goods Production: Manufacturing of clothing, footwear, bags, and ceramics.
- Textiles: Production and processing of textile products for export.
- Leather and Footwear: Production and processing of leather and footwear.
These industries at Ly Trach host many reputable brands, contributing to the socio-economic development of Quang Binh.
Ly Trach I.P attracts companies seeking to invest in industrial sectors within Quang Binh.
Competitive Advantages of Ly Trach Industrial Park
Ly Trach Industrial Park, Quang Binh Province, stands out not only for its strategic geographical location but also for its modern infrastructure. Moreover, the industrial park has many other competitive advantages that attract investors.
Investment Incentives
The Quang Binh provincial government has implemented several attractive investment incentive policies. These include:
- Tax exemptions and reductions in the initial years.
- Support for land and infrastructure.
- Streamlining administrative procedures.
- Other policies that create optimal conditions for businesses.
Abundant Labor Force
Ly Trach I.P has an abundant and high-quality labor force. Quang Binh Province offers a large pool of skilled workers who are ready to meet the labor needs of businesses. This facilitates production and business operations.
With its location, infrastructure, attractive incentive policies, and abundant human resources, Ly Trach I.P attracts both domestic and foreign investors.
Introduction to Ly Trach Industrial Park in Quang Binh Province
Ly Trach Industrial Park is an important industrial center in Quang Binh Province. It has many advantages that attract businesses from both domestic and international markets. Favorable geographical location, modern infrastructure, and attractive incentive policies are the strengths of this industrial park.
Ly Trach I.P is planned to cover nearly 250 hectares. It offers various amenities such as transportation, water supply, electricity, and telecommunications systems. The local workforce is well-trained and ready to meet investors’ needs.
Ly Trach I.P features a good location, infrastructure, and human resources. It is a potential destination for businesses wishing to develop sustainable production and operations.
| Criteria | Ly Trach Industrial Park |
| Geographical Location | Quang Binh Province, Central Vietnam |
| Area | Nearly 250 hectares |
| Infrastructure | Transportation, water supply, electricity, telecommunications, support services |
| Human Resources | Well-trained local labor |
| Investment Incentives | Attractive incentive policies from the government |
Ly Trach I.P in Quang Binh Province attracts many businesses. It is a highlight in the economic development of the locality.
Major Companies Operating Here
Ly Trach Industrial Park in Quang Binh Province has attracted many large companies from both domestic and international sources. These companies have been instrumental in the socio-economic development of the locality.
Domestic Companies
- Samsung Electronics Co., Ltd.
- Vinatex Garment Co., Ltd.
- Thanh Cong Mechanical Co., Ltd.
- Nestlé Foods Co., Ltd.
- Phuc Loc Leather Co., Ltd.
Foreign Companies
- LG Electronics Co., Ltd.
- Panko Textile Co., Ltd.
- Bridgestone Mechanical Co., Ltd.
- Heinz Food Co., Ltd.
- Nike Leather Co., Ltd.
These large companies not only create jobs for local residents but also enhance the region’s profile and attract additional investors to Ly Trach I.P.
Ly Trach I.P has become a focal point on the investment map for many corporations, creating a new impetus for the socio-economic development of Quang Binh Province.
Future Development Potential
Ly Trach I.P in Quang Binh Province possesses a strategic location and modern infrastructure. It also offers attractive investment incentives. Therefore, this industrial park is expected to attract many new investment projects in the future.
Quang Binh Province is developing plans to expand and upgrade the industrial park to meet the growing demands of investors.
Expansion and Investment Attraction Plans
Ly Trach I.P will expand by approximately 250 hectares in the coming years. Policymakers are considering new investment incentives to attract manufacturing projects, logistics services, and high-tech industries.
Ly Trach I.P has existing advantages and ambitious development plans. It has the potential to become an attractive destination for both domestic and international investors in the near future.
| Sector | Expected Number of New Projects | Total Investment (Billion VND) |
| Industrial Production | 20-25 | 5,000-7,000 |
| Logistics Services | 10-15 | 2,000-3,000 |
| High Technology | 5-10 | 1,000-2,000 |
With the strong development of Ly Trach I.P, Quang Binh Province is poised for economic growth. Many new jobs will be created for local residents.
Role of the Industrial Park in Local Economic Development
Ly Trach Industrial Park plays an important role in the socio-economic development of Quang Binh Province. The businesses located here generate numerous job opportunities, attract labor, increase budget revenues, and improve residents’ living standards.
Ly Trach I.P brings practical benefits to the locality. These benefits are manifested through job creation, increased budget revenues, and infrastructure development.
- Job Creation: Businesses in the industrial park provide thousands of job opportunities for local workers. This helps address unemployment issues and increases income for residents.
- Increased Budget Revenues: The production and business activities of companies in the industrial park significantly contribute to the provincial budget revenue, supporting other socio-economic development activities.
- Infrastructure Development: The presence of Ly Trach I.P has stimulated investment and development in transportation, logistics, and technical infrastructure systems. This enhances connectivity and production capacity in the locality.
Maintaining and expanding the operations of Ly Trach I.P will continue to significantly contribute to the socio-economic development of Quang Binh Province in the future.
| Benefit | Description |
| Job Creation | Providing thousands of job opportunities for local workers |
| Increased Budget Revenues | Significantly contributing to the provincial budget revenue |
| Infrastructure Development | Stimulating investment and development in transportation, logistics, and technical infrastructure |
Social Activities and Environmental Protection
Ly Trach Industrial Park does not only focus on production and business but also cares about social issues. It has supported many charitable funds and social welfare programs, demonstrating its responsibility towards the community.
Ly Trach I.P also emphasizes environmental protection. It employs advanced technology to control pollution, helping to minimize waste and utilize resources effectively.
Thus, Ly Trach I.P not only attracts investors but also serves as an example of balancing economic, community, and environmental interests.
Other industrial zones
- Bac Dong Hoi Industrial Park In Quang Binh Province
- Bang Industrial Park In Quang Binh Province
- Cam Lien Industrial Park In Quang Binh Province
- Cua Ngo Phia Tay Industrial Park In Quang Binh Province
- Hon La 2 Industrial Park In Quang Binh Province
- Hon La Seaport Industrial Park In Quang Binh Province
- Ly Trach Industrial Park In Quang Binh Province
- Tay Bac Dong Hoi Industrial Park In Quang Binh Province
- Tay Bac Quan Hau Industrial Park In Quang Binh Province
FAQ
Where is Ly Trach Industrial Park located?
Ly Trach Industrial Park is located in Ly Trach Commune, Bo Trach District, Quang Binh Province. It is an important industrial zone in the province.
Is the location of Ly Trach I.P advantageous?
Yes, Ly Trach I.P has a favorable location. It is situated on important road and sea transport routes, making it easy to transport goods and engage in trade.
When was Ly Trach I.P established?
Ly Trach I.P was established in 2005 as part of the industrial development planning of Quang Binh Province.
What is the scale and infrastructure of Ly Trach I.P like?
Ly Trach Industrial Park covers an area of approximately 250 hectares and features modern infrastructure, including transportation, logistics, electricity, water supply, and telecommunications, providing favorable conditions for investors.
What are the main industries at Ly Trach Industrial Park?
Ly Trach Industrial Park attracts investment in various sectors, including mechanics, food processing, consumer goods production, textiles, leather and footwear, and many reputable brands.
What are the competitive advantages of Ly Trach Industrial Park?
Ly Trach Industrial Park has a strategic location and modern infrastructure, along with attractive investment incentive policies and quality human resources, making it appealing to many businesses.
What major companies operate at Ly Trach I.P?
There are many large and reputable companies at Ly Trach I.P, such as Samsung, Vinatex, Thanh Cong, Nestlé, and Phuc Loc.
What is the development potential of Ly Trach I.P in the future?
Ly Trach I.P has a strategic location and modern infrastructure, along with attractive investment incentives, which will help attract many new investment projects in the future.
What role does Ly Trach I.P play in the local economic development?
Ly Trach I.P is crucial for the socio-economic development of Quang Binh, creating jobs, attracting labor, increasing budget revenues, and improving residents’ living standards.
What social and environmental protection activities does Ly Trach I.P engage in?
Ly Trach Industrial Park focuses not only on production but also on social contributions, supporting charitable funds and social welfare programs, as well as implementing green and sustainable production practices.