Phung Hiep Industrial Zone in Hanoi

Phung Hiep Industrial Zone is located in Hanoi, Vietnam. It is a large and modern industrial zone. Its advantageous geographic location, good infrastructure, and favorable policies are its strengths. This industrial zone is attracting many investors looking for opportunities to develop production and business in Vietnam.

Highlights

Favorable geographic location, close to major economic centers

Modern infrastructure that meets production and business needs

Attractive investment incentives

Dynamic business environment with abundant human resources

Promising development prospects in the future

Geographic Location of Phung Hiep Industrial Zone

Phung Hiep Industrial Zone is situated in the western part of Hanoi. It has a very favorable geographic position, with a diverse transportation system that includes roads, railways, and waterways. This facilitates easy access for businesses to domestic and international economic and trade centers.

Convenient Transportation

Phung Hiep I.Z is near highways, national roads, and major railways. This creates favorable conditions for transporting goods and logistics. It is only about 30 km from the center of Hanoi, which is very convenient for businesses.

Close to Major Economic Centers

The geographic location allows businesses easy access to important economic and trade centers, including Hanoi, Hai Phong, and neighboring provinces. This creates a dynamic and promising business environment. The favorable geographic location of Phung Hiep I.Z is a significant competitive advantage for businesses.

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History of Formation and Development

Phung Hiep Industrial Zone was established in 2005. Since then, it has made significant progress and continuously attracted many businesses to invest. Today, Phung Hiep I.Z is a leading center for production and logistics. With a proud development history, this industrial zone has asserted its position, contributing to the industrialization and modernization of the capital.

Phung Hiep I.Z has become a highlight in the development history of Hanoi, contributing to elevating the capital’s economy to a regional and international level. It has achieved many accomplishments and created a breakthrough, affirming its important role in the economic development of Hanoi.

Modern Infrastructure

Phung Hiep I.Z boasts modern infrastructure that meets the production and business needs of enterprises. The synchronized transportation network facilitates easy connections to major economic centers. The area also has a power supply, clean water, and waste treatment systems that meet environmental standards.

Synchronized Transportation System

The network of roads, railways, and waterways is developed in a synchronized manner. This creates favorable conditions for transporting goods and moving personnel. The main roads are widely planned and directly connect to key transportation routes, meeting the logistics needs of businesses.

Reliable Power, Water Supply, and Waste Treatment

Phung Hiep I.Z commits to providing stable and reliable sources of electricity and clean water. The waste treatment system is designed to be closed-loop, ensuring environmental standards and promoting a green, clean, and beautiful environment. The infrastructure is built to international standards, creating optimal conditions for businesses to invest and develop.

Phung Hiep I.Z is an attractive destination in Hanoi. It covers an area of over 300 hectares, focusing on key industries such as manufacturing and logistics. Hundreds of domestic and foreign enterprises have chosen Phung Hiep I.Z for investment, boosting the socio-economic development of Hanoi and reflecting the prestige of this industrial zone within the community.

Phung Hiep I.Z is one of the most attractive and promising investment locations in the capital, Hanoi. With its advantageous location and modern infrastructure, it is set to become an important industrial center in the future.

Core Business Sectors

Phung Hiep Industrial Zone develops two main sectors: manufacturing industry and logistics services. Its geographic location and modern infrastructure attract many businesses engaged in production and logistics services.

Manufacturing Industry

Factories producing consumer goods, automobiles, electronics, and industrial products operate here. Leading corporations invest in the area, creating a vibrant environment for the manufacturing sector.

Logistics Services

Logistics service companies choose this industrial zone for development. They seek modern infrastructure and a favorable business environment. This area attracts logistics companies participating in the global supply chain.

Phung Hiep I.Z is becoming one of the top destinations for businesses in the manufacturing and logistics sectors in Vietnam.

Investment Incentives

Phung Hiep Industrial Zone recognizes that investment incentives are crucial for attracting investors. It aims to create favorable conditions for businesses to invest, thus implementing many attractive incentive policies.

Exemption/reduction of corporate income tax in the initial years
Exemption/reduction of import duties on machinery, equipment, and input materials
Support for production land and other administrative services

These policies help reduce costs and increase profits for businesses, encouraging investment in Phung Hiep I.Z.

Incentives	Description
Exemption/reduction of corporate income tax	Applicable in the initial years, reducing operational costs
Exemption/reduction of import duties	Applicable to machinery, equipment, and input materials
Support for production land	Provides land at preferential prices for businesses
Support for administrative services	Assists with administrative procedures and other services for businesses

These incentives help businesses lower costs and create favorable conditions for them to focus on production and business. This supports the development of Phung Hiep I.Z.

The investment incentives at Phung Hiep I.Z are one of the highlights attracting investors. With practical incentives, we hope to attract more businesses to invest and develop here.

Favorable Business Environment

Phung Hiep Industrial Zone is an ideal place for businesses looking to expand in Hanoi. From the outset, the area has a rich and high-quality labor force. The young workforce is well-qualified, meeting the needs of factories and logistics centers.

Effective Support for Businesses

Local authorities and management boards provide effective support for businesses. Companies benefit from investment, tax, and customs incentives, helping them operate smoothly and efficiently.

Phung Hiep I.Z truly is an ideal destination for businesses, offering an optimal business environment and superior support policies. Therefore, the business environment in Phung Hiep I.Z is very favorable, facilitating business growth and expansion.

Future Development Prospects

Phung Hiep Industrial Zone has a favorable geographic location, modern infrastructure, and a transparent business environment. This helps the area develop strongly in the future. Many businesses will invest in this zone, particularly in processing, manufacturing, and logistics, creating many new job opportunities.

The development of Phung Hiep I.Z will boost the economy of Hanoi and create many new job opportunities. This industrial zone promises to be an attractive investment destination in the future.

Phung Hiep I.Z has many advantages and is expected to continue being a highlight in the industrial development landscape of Hanoi.

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FAQ

Where is Phung Hiep Industrial Zone located?

Phung Hiep I.Z is located in Hanoi, Vietnam.

What are the advantages of Phung Hiep I.Z’s geographic location?

Phung Hiep I.Z has a favorable location with a developed transportation system that connects to economic centers. It is only 30 km from downtown Hanoi, convenient for production and business.

What is the history of Phung Hiep I.Z’s formation and development?

Phung Hiep I.Z was established in 2005. Since then, it has developed rapidly, attracting many businesses. Now, it is a leading center for production and logistics.

How is the infrastructure of Phung Hiep I.Z?

Phung Hiep Industrial Zone has modern infrastructure. Transportation, electricity, water, and waste treatment meet standards, fulfilling production and business needs.

What business sectors does Phung Hiep Industrial Zone focus on?

Phung Hiep Industrial Zone develops manufacturing and logistics services. Many factories produce consumer goods, automobiles, and electronics, while logistics companies thrive.

What investment incentives are available in Phung Hiep I.Z?

Phung Hiep I.Z offers various incentives, including exemptions/reductions on corporate income tax and import duties on machinery and equipment. It also provides support for production land and administrative services.

What are the standout features of the business environment at Phung Hiep I.Z?

The business environment at Phung Hiep I.Z is favorable, with a rich and highly qualified labor force. There is effective support from local authorities and management boards.

What are the development prospects for Phung Hiep I.Z in the future?

Phung Hiep Industrial Zone has strong development prospects due to its geographic location, modern infrastructure, and favorable business environment. It is expected to attract many businesses, driving economic growth and creating job opportunities.