Phu Bai Industrial Park, Thua Thien Hue Province
Phu Bai Industrial Park is an important production and investment center located in Phu Bai Ward, Huong Thuy Town, Thua Thien Hue Province. It plays a crucial role in attracting investment and boosting local economic development. This article will introduce the location, history, infrastructure, industries, and potential of this industrial park.
Key Advantages of Phu Bai Industrial Park
- Convenient geographic location with multi-modal transport connectivity
- Modern infrastructure that meets the production needs of enterprises
- Attraction of key industries such as processing and manufacturing
- Strong development potential, making it an appealing destination for investors
- Positive contribution to local socio-economic development
Location of Phu Bai Industrial Park
Phu Bai Industrial Park is located near the center of Hue City, in Thua Thien Hue Province. This creates favorable conditions for businesses to invest and operate easily.
Prime Location with Convenient Access
Phu Bai I.P is centrally located, connected to key infrastructure facilities, allowing businesses easy access to resources, services, and markets.
Convenient Transportation Network
The industrial park boasts a well-developed transportation network, including roads, railways, airports, and seaports in close proximity, facilitating the easy movement of goods domestically and internationally.
| Mode of Transportation | Distance |
| Road | 4 km to National Highway 1A |
| Railway | 2 km to Phu Bai Station |
| Airport | 5 km to Phu Bai International Airport |
| Seaport | 15 km to Chan May Port |
With its strategic location and convenient transportation, Phu Bai I.P is highly attractive to both domestic and international investors.
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History of Formation and Development
Phu Bai Industrial Park was established in 1997 with a small initial scale. Since then, it has undergone multiple phases of development and expansion.
In its early years, the industrial park focused on building infrastructure such as transportation, power supply, water supply, and waste management systems. Over time, it has attracted numerous enterprises, leading to significant growth in scale and operations.
Today, Phu Bai I.P is an important industrial hub, hosting dynamic industries and efficient business activities. Its continuous development has contributed to the local economy and created jobs for local residents.
Having over 20 years of history, Phu Bai I.P has evolved from a small area into a key industrial center in Thua Thien Hue Province.
Infrastructure of Phu Bai Industrial Park
Phu Bai I.P is proud of its modern infrastructure, designed to meet the production and business needs of enterprises. The development of transportation, power, water, and waste management systems is prioritized to ensure seamless operations.
Modern Transportation System
The industrial park features a modern internal transportation network, including wide, clean roads and an industrial transport system. These roads connect directly to main traffic routes, allowing businesses to transport goods efficiently.
Power, Water Supply, and Waste Management
Phu Bai I.P provides consistent power and water supplies and ensures efficient waste management. These systems are designed to operate continuously, creating an ideal production environment.
| Type of Infrastructure | Description |
| Transportation System | Wide, clean roads and modern industrial transport system |
| Power Supply | Reliable, continuous power supply |
| Water Supply | Sufficient clean water supply to meet production needs |
| Waste Management | Modern waste management system ensuring environmental protection |
Phu Bai I.P is built to high infrastructure standards, providing an ideal production environment for businesses.
Industries and Enterprises in the Industrial Park
Phu Bai Industrial Park has attracted enterprises from various industries, including electronics components, mechanics, textiles, and industrial products. These businesses contribute not only to local economic development but also create new jobs and boost production at the park.
The diversity of industries and enterprises at Phu Bai I.P highlights its potential and attractiveness for future investments and development.
Investment Potential and Opportunities at Phu Bai I.P
Phu Bai I.P offers several advantages that attract investors. Its potential and investment opportunities are bolstered by strategic location, attractive incentives, and a skilled workforce.
Attractive Investment Incentives
Investors at Phu Bai I.P enjoy numerous incentives, including:
- Corporate income tax exemption for 4-15 years
- Corporate income tax reduction of up to 10% for the next 10-15 years
- Exemption from import duties on equipment, machinery, and raw materials
- Support for training and recruitment of human resources
Abundant Skilled Workforce
Phu Bai I.P has access to a large, highly qualified workforce. Thua Thien Hue Province has many universities, colleges, and vocational schools, providing a skilled labor force to meet the needs of businesses.
| Investment Incentives | Workforce |
| – Corporate income tax exemption | – High-level professional qualifications |
| – Corporate income tax reduction | – Meets business needs |
| – Import duty exemptions | – Universities, colleges, and vocational schools |
| – Training and recruitment support |
Introduction to Phu Bai Industrial Park, Thua Thien Hue Province
Phu Bai Industrial Park is a key industrial hub in Thua Thien Hue Province. With a favorable location, modern infrastructure, and attractive investment environment, the park plays a crucial role in local socio-economic development.
Established in 1997, the industrial park has rapidly grown, attracting both domestic and international enterprises. This growth has created jobs and improved living standards for local people.
Strategic Location of Phu Bai I.P
The industrial park is situated in the economic development zone of Thua Thien Hue, connected to a modern transportation system, making it easy for businesses to access both domestic and international markets.
Complete and Modern Infrastructure
Phu Bai I.P is fully equipped with modern infrastructure, including transportation systems, electricity, water supply, and waste management. These services operate efficiently, providing a favorable working environment for investors.
Key Industries and Enterprises in the Industrial Park
Phu Bai I.P attracts numerous enterprises in sectors such as:
- Electronics component manufacturing
- Mechanical engineering
- Textile and footwear production
- Food processing
Top companies operating here include Panasonic, Canon, Brother, Piaggio, and several other multinational corporations.
With advantages in location, infrastructure, and investment environment, Phu Bai I.P in Thua Thien Hue Province is becoming a prominent industrial hub in Central Vietnam.
Role and Contribution of the Industrial Park to Local Economic Development
Phu Bai Industrial Park plays an important role in the economic development of Thua Thien Hue Province. Its strategic location and modern infrastructure have attracted numerous businesses, creating jobs and income for local people.
Job Creation and Income for Local People
Enterprises in Phu Bai I.P create many job opportunities for workers, from production workers to managers and technicians. This helps improve family incomes and enhance the quality of life.
Contribution to the State Budget and Economic Growth
The industrial park not only creates jobs but also plays an important role in contributing to the state budget and promoting the province’s economic growth. Businesses here pay taxes and support the development of various economic sectors.
Phu Bai I.P has become a key driver of socio-economic development in Thua Thien Hue Province.
Policies and Future Development Plans of the Industrial Park
Authorities are working hard to further develop Phu Bai I.P. New investment incentive policies are being drafted, with improved tax, land, and infrastructure incentives to attract more businesses, especially foreign companies.
At the same time, a new master plan for the industrial park is being developed, focusing on creating a fully integrated infrastructure, upgrading utilities and services. This will create an attractive investment environment, enhance competitiveness, and attract large-scale projects.
With these efforts, Phu Bai Industrial Park will continue to be an appealing destination, contributing to the socio-economic development of Thua Thien Hue Province in the future.
Other industrial zones
- La Son Industrial Park In Thua Thien Hue Province
- Phong Dien Industrial Park In Thua Thien Hue Province
- Phu Bai Industrial Park In Thua Thien Hue Province
- Quang Vinh Industrial Park In Thua Thien Hue Province
- Saigon – Chan May Industrial Park and Non-Tariff Zone In Thua Thien Hue Province
- Tu Ha Industrial Park In Thua Thien Hue Province
FAQ
Where is Phu Bai Industrial Park located?
Phu Bai I.P is located in Phu Bai Ward, Huong Thuy Town, Thua Thien Hue Province, in a prime location near the center of Hue City, with convenient transportation and easy access.
How was Phu Bai I.P established and developed?
Phu Bai I.P was established in 1997 and has gone through various stages of development, expanding in scale and upgrading infrastructure to meet the needs of businesses.
What kind of infrastructure does Phu Bai I.P offer?
Phu Bai I.P has modern infrastructure, including internal and external transportation, electricity, water, and waste management systems that ensure continuous production.
What are the main industries at Phu Bai I.P?
The industrial park attracts businesses in industries such as electronics component manufacturing, mechanical engineering, textiles, and industrial production.
What are the investment advantages and opportunities at Phu Bai I.P?
Phu Bai Industrial Park offers a prime location, modern infrastructure, and investment incentives, along with a highly skilled and abundant workforce, creating favorable conditions for investment.
What role does Phu Bai Industrial Park play in local economic development?
Phu Bai Industrial Park plays a major role in the economic development of Thua Thien Hue Province, creating jobs and income for local people and contributing to the state budget.
What are the future development plans for Phu Bai Industrial Park?
Authorities are working on new investment incentive policies and a master plan to attract more businesses and expand the industrial park, with a focus on upgrading infrastructure.