Kim Hoa Industrial Park, Vinh Phuc Province

Kim Hoa Industrial Park, located in Phuc Yen City, Vinh Phuc Province, is a hot investment destination in the North. Its proximity to key transportation routes and modern infrastructure makes it attractive for businesses. The industrial park also offers appealing incentives for enterprises, making it a bright spot for industrial investment in Vietnam.

Key Highlights

Strategic location near important transportation routes

Modern infrastructure that meets the needs of businesses

Attractive investment incentives for investors

Favorable business investment environment

Future development potential

Geographical Location of Kim Hoa Industrial Park

Kim Hoa Industrial Park is located in Phuc Yen City, Vinh Phuc Province. This location is highly advantageous for businesses, facilitating their operations.

Close to Key Transportation Routes

Kim Hoa I.P is near key transportation routes, including National Highway 2, National Highway 21B, and the Noi Bai – Lao Cai Expressway. This helps businesses easily connect with major economic centers.

Transportation Route	Connection
National Highway 2	Connects with Hanoi and the northern provinces
National Highway 21B	Connects with Thanh Hoa and Nghe An provinces
Noi Bai – Lao Cai Expressway	Connects with Lao Cai and China

Due to its favorable location and proximity to important transportation routes, Kim Hoa I.P attracts significant investment. It is an attractive destination in Vinh Yen City and Vinh Phuc Province.

vinascreal.com

History of Formation and Development

Kim Hoa Industrial Park was established in 2001. It is one of the first industrial parks in Vinh Phuc Province. Over more than two decades, the industrial park has grown and developed strongly, attracting many domestic and international businesses.

This has helped Kim Hoa I.P thrive, creating new jobs and contributing to the province’s revenue, thereby promoting the development of Vinh Phuc.

Kim Hoa I.P has proven to be a key driver in the economic development history of Vinh Phuc Province.

Year	Event
2001	Kim Hoa I.P was established
2005	The industrial park expanded and attracted more business investment
2010	The industrial park reached 80% production capacity
2015	The industrial park continued to expand and upgrade its infrastructure
2020	The industrial park completed new investment projects, enhancing production capacity

Scale and Modern Infrastructure

Kim Hoa I.P, located in Vinh Phuc Province, covers a vast area of up to 430 hectares. It is a large industrial park with synchronized and modern infrastructure, meeting the needs of businesses to the fullest.

Convenient Transportation System

Kim Hoa I.P stands out for its convenient transportation system. The internal roads and connections to national and international routes are easily accessible, enhancing connectivity and convenience for production and business operations.

Kim Hoa I.P is one of the most favorable investment locations in the North, thanks to its large scale and modern infrastructure.

The advantages of scale, infrastructure, and transportation make Kim Hoa I.P an attractive destination for both domestic and international businesses.

Key Industries

Kim Hoa I.P in Vinh Phuc Province has attracted many businesses operating in important industries such as processing, manufacturing, and high-tech industries. These sectors contribute to the development of the industrial park, increasing productivity and producing high-value products.

Processing and Manufacturing Industry

Kim Hoa I.P has attracted many businesses in the processing and manufacturing industry. They produce electronic components, automobiles, machinery, equipment, textiles, and garments. These businesses contribute to the GDP growth of Vinh Phuc Province and create jobs for the labor force.

High-Tech Industry

Kim Hoa Industrial Park has also attracted businesses in the high-tech industry. Investment projects in information technology, electronics, and telecommunications help improve product quality. This also promotes digital transformation and enhances the industrial park’s competitiveness.

Industry	Features	Example Products
Processing and Manufacturing	Factories producing electronic components, automobiles, machinery, equipment, textiles, and leather products	Electronic components, automobiles, machinery, equipment, textiles, and leather products
High-Tech Industry	Investment projects in information technology, electronics, telecommunications, and new technology applications	Information technology, electronics, telecommunications products

These key industries are building the brand of Kim Hoa I.P, contributing to the socio-economic development of Vinh Phuc Province.

Overview of Kim Hoa Industrial Park, Vinh Phuc Province

Kim Hoa I.P is located in Vinh Phuc Province, making it an attractive destination for domestic and international businesses. The industrial park features synchronized infrastructure, a strategic location, and attractive incentives.

Kim Hoa I.P is a major industrial center in Vinh Phuc Province, attracting many businesses to invest, thereby promoting the socio-economic development of the local area.

With an increasing number of businesses and investment projects, this industrial park has become an attractive destination for investors.

Kim Hoa I.P creates a favorable business investment environment and is home to many large enterprises.

Kim Hoa Industrial Park is one of the most attractive investment destinations in Vinh Phuc Province, with modern infrastructure and appealing incentive policies.

Investment Incentives and Support

Kim Hoa I.P in Vinh Phuc Province offers numerous attractive investment incentives. These incentives include tax reductions and land benefits, as well as favorable administrative procedures, making the business investment environment more efficient.

Tax and Land Incentives

Businesses in Kim Hoa I.P enjoy many tax incentives, such as corporate income tax and import tax exemptions or reductions. The industrial park also provides land incentives, including reduced land rent and long-term lease periods.

Administrative Procedure Support

Kim Hoa I.P assists businesses with quick and efficient administrative procedures, from investment licensing to business registration and other necessary formalities.

The investment incentives and support policies at Kim Hoa I.P are key factors that attract and facilitate businesses operating here.

Favorable Business Investment Environment

Kim Hoa I.P in Vinh Phuc Province offers a highly favorable business and investment environment. It features modern infrastructure, a strategic location, and attractive incentives. As a result, this industrial park is attracting numerous businesses in Vinh Phuc and northern Vietnam.

Kim Hoa I.P is located in the center of Vinh Phuc Province, near key transportation routes such as the Noi Bai – Lao Cai Expressway, National Highway 2, Noi Bai International Airport, and major economic centers. This makes the business environment here convenient and efficient.

Kim Hoa I.P also benefits from investment incentive policies and support from local authorities, including tax and land incentives, as well as support for administrative procedures. This makes the investment environment at the industrial park even more attractive to investors.

In conclusion, Kim Hoa Industrial Park provides a favorable business and investment environment with modern infrastructure, a strategic location, and attractive incentives. This is why the industrial park is attracting many businesses in Vinh Phuc and northern Vietnam.

Notable Investment Projects

Kim Hoa Industrial Park has attracted many large corporations and businesses. Notable investment projects here include:

Samsung Electronics’ electronics manufacturing plant with a total investment of over USD 2 billion.
Canon’s electronic component manufacturing plant with an investment of up to USD 500 million.
Foxconn’s mobile phone and electronic device assembly plant, one of Apple’s largest suppliers.
Panasonic’s electronic component manufacturing plant with an investment of over USD 300 million.

Kim Hoa I.P has also attracted many other notable projects, such as Denso’s auto parts manufacturing company and Compal’s electronic device manufacturing plant. These projects belong to high-tech, manufacturing, and processing industries.

Leading in the fields of manufacturing and high-tech industries, Kim Hoa I.P has attracted many top corporations and businesses. This demonstrates the favorable business investment environment and attractive incentive policies available here.

Future Development Potential

Kim Hoa Industrial Park has a strategic location and modern infrastructure. It is expected to attract many new investment projects in the future. Attractive investment incentives and a favorable business environment will drive the development potential of Vinh Phuc Province and northern Vietnam.

The future growth sectors in Kim Hoa I.P include:

Processing and manufacturing industry
High-tech industry
Logistics and supply chain services
Research and development (R&D)

Kim Hoa I.P will continue to assert its position as an attractive investment destination. It will create jobs, attract high-quality labor, and promote local socio-economic development.

Sector	Development Potential	Growth Forecast
Processing and Manufacturing Industry	Large due to strategic location and modern infrastructure	10-15% annual growth
High-Tech Industry	Very large due to training support and incentives	15-20% annual growth
Logistics and Supply Chain Services	Large due to favorable location and transportation system	12-18% annual growth
Research and Development (R&D)	Very large with land and tax incentives	18-22% annual growth

Kim Hoa I.P will continue to assert its development potential in the future, becoming a bright spot in the economic development landscape of Vinh Phuc Province and the region.

Conclusion

Kim Hoa I.P in Vinh Phuc Province is attracting many investors. Its strategic location, modern infrastructure, and attractive incentives are key strengths that contribute to the industrial park’s strong development.

The large area and convenient transportation system have attracted many investors. Projects here benefit from tax and land incentives, and support for administrative procedures makes it easier for businesses to operate.

Kim Hoa Industrial Park promises to be a bright spot for industrial investment in Vietnam, contributing to the socio-economic development of Vinh Phuc Province.

Other industrial zones

FAQ

Where is Kim Hoa Industrial Park located?

Kim Hoa I.P is located in Phuc Yen City, Vinh Phuc Province. This location is very convenient, near important routes such as National Highway 2, National Highway 21B, and the Noi Bai – Lao Cai Expressway. This helps connect with major economic centers like Hanoi, Hai Phong, and nearby areas.

How was Kim Hoa I.P formed and developed?

Kim Hoa I.P was established in 2001. It is one of the first industrial parks in Vinh Phuc Province. Over more than 20 years, the industrial park has attracted many domestic and international businesses, contributing to the local economic growth.

What is the scale and infrastructure of Kim Hoa I.P?

Kim Hoa Industrial Park covers an area of up to 50 hectares. It has synchronized and modern infrastructure, meeting the needs of businesses. The internal transportation system and connections to national and international routes are convenient, enhancing connectivity and convenience for production and business operations.

What key industries does Kim Hoa Industrial Park attract?

Kim Hoa Industrial Park attracts businesses in key industries such as processing, manufacturing, and high-tech industries. These sectors are the main drivers of the industrial park’s development, increasing labor productivity and creating high-value products.

What investment incentives and support does Kim Hoa I.P provide?

Kim Hoa I.P offers attractive incentives for businesses, including tax and land incentives. The industrial park also supports businesses with quick and efficient administrative procedures, facilitating production and business activities.

What is the future development potential of Kim Hoa I.P?

With its strategic location, modern infrastructure, and attractive incentives, Kim Hoa I.P is expected to attract many new investment projects in the future. This will contribute to the socio-economic development of Vinh Phuc Province and northern Vietnam.