Yen Quang Industrial Park in Hoa Binh Province

Yen Quang Industrial Park is an important industrial area in Hoa Binh Province, Vietnam. It is part of the province’s industrial development plan and has attracted many domestic and foreign investors. Favorable geography, modern infrastructure, and attractive policies are the main reasons that make this industrial park appealing.

Key Points:

Yen Quang Industrial Park is a key industrial center in Hoa Binh Province.

Strategic geographical location, close to major transport routes.

Modern infrastructure that meets the needs of investors.

Attractive incentives for investment projects.

Significant development potential in the future.

Geographical Location of Yen Quang Industrial Park

Yen Quang Industrial Park is located in Yen Quang Commune, Ky Son District, Hoa Binh Province. It is about 15 km west of Hoa Binh City. This strategic location helps the industrial park become an important economic center, promoting the development of the logistics industry in the area.

Close to Major Transport Routes

Yen Quang I.P is near major transport routes such as National Highway 6, National Highway 12A, and the North-South Railway. This provides convenient connections to major economic centers and international border gates, facilitating trade and transport.

Convenient for Trade and Transport

Thanks to its favorable geographical location, Yen Quang I.P has become an ideal destination for businesses looking to expand their operations. They take advantage of the logistics benefits in Hoa Binh.

The synchronized transportation connections and developed logistical services offer numerous benefits to investors. Yen Quang I.P plays a key role in promoting the socio-economic development of Hoa Binh Province.

Vị trí địa lý tỉnh Hoà Bình

History of Formation and Development

Yen Quang Industrial Park was established in 2010 by the Hoa Binh Provincial People’s Committee, with an area of 280 hectares. The goal is to attract investment and develop the industry.

In its early stages, the history of Yen Quang I.P faced many challenges. However, thanks to the efforts of investors and the government, this industrial park has developed into an important economic driver for Hoa Binh Province.

Geography and modern infrastructure are advantages in the development process of Yen Quang. Many domestic and foreign companies have invested, contributing to the socio-economic development of the locality.

Yen Quang I.P is not only an economic bright spot for Hoa Binh Province but also a testament to the collaboration between the government and investors.

In recent years, the history and development process of Yen Quang I.P has attracted many investors, making it an impressive success story.

Modern Infrastructure

Yen Quang I.P boasts a modern infrastructure system that facilitates operations for businesses. The transportation system, roadways, railways, electricity, water supply, and wastewater treatment all meet environmental standards.

Synchronized Transportation System

Yen Quang I.P features a synchronized network of roads and railways, enabling quick transportation of goods. The roads are built to high standards, ensuring safety and smooth travel.

Electricity, Water Supply, and Wastewater Treatment

The electricity and water supply systems are modern and meet the full demands of enterprises. The wastewater treatment system is strictly controlled to protect the green, clean, and beautiful environment.

Yen Quang I.P is developed with modern utilities and infrastructure, creating an ideal environment for investors. It has advantages in infrastructure, utilities, and the overall development of Hoa Binh. This makes it an ideal destination for businesses seeking a production location.

Overview of Yen Quang Industrial Park in Hoa Binh Province

Yen Quang Industrial Park in Hoa Binh Province is a potential site for investment, covering nearly 181 hectares. It is designed to attract industrial projects, agricultural processing, woodworking, mechanical engineering, and supporting industries.

Yen Quang I.P fosters a dynamic business environment, attracting numerous domestic and foreign investors. Its advantageous location, modern infrastructure, and attractive policies make it appealing for businesses.

Favorable geographical location, close to major transport routes, facilitating trade and transportation.
Synchronised and modern infrastructure that meets the production needs of businesses.
Attractive policies regarding land use, taxes, and other incentives for investors.
A dynamic business environment attracting many companies both domestically and internationally.

With these advantages, Yen Quang I.P is becoming an attractive investment destination in Hoa Binh Province.

Key Industries at Yen Quang Industrial Park

Yen Quang Industrial Park, located in Hoa Binh Province, has attracted many enterprises. The sectors operating in Yen Quang include:

Agricultural production and processing
Wood processing and furniture manufacturing
Mechanical engineering and electronics
Textiles and leather goods

The enterprises in the production sector of Hoa Binh have helped the region develop, creating numerous jobs for the local population.

Industry	Number of Enterprises	Contribution to GDP
Agricultural production and processing	35	25%
Wood processing and furniture manufacturing	28	20%
Mechanical engineering and electronics	18	18%
Textiles and leather goods	22	15%

Yen Quang I.P showcases diversity in industries, becoming a center for manufacturing and processing goods. This boosts the activities in Yen Quang and the production sector in Hoa Binh.

Investment Incentives for Investors

Yen Quang Industrial Park in Hoa Binh Province is implementing various attractive policies to draw investors. These incentives help attract businesses, including tax exemptions and reductions, as well as other support, facilitating business development.

Tax Exemptions and Other Incentives

According to the investment incentive policy for Yen Quang, investors enjoy several tax benefits, including:

Exemption from corporate income tax for the first 2-4 years.
50% reduction in corporate income tax for the following 4-9 years.
Exemption from import taxes on machinery, equipment, materials, and raw materials imported for production.
50% reduction in land use fees for the first 7-15 years.

Businesses in Yen Quang I.P also benefit from various investment promotion policies from Hoa Binh. This includes workforce training, support for large-scale investment projects, and many other incentives. These policies have attracted many tax-incentivized projects to the Yen Quang area.

With these existing incentives and support, Yen Quang I.P is becoming an attractive destination for investors.

Future Development Potential

Yen Quang Industrial Park is strategically located with modern infrastructure and is expected to attract many investors in the future. The potential of Hoa Binh’s industrial park and the development outlook for Yen Quang are attracting considerable attention.

Strong investment incentives and industrial development policies from Hoa Binh Province present golden opportunities. Many investors are planning to expand production or open branches here.

Yen Quang I.P is expected to attract many new investment projects, which will boost the socio-economic development of Hoa Binh Province.

Industrial manufacturing
Agricultural processing
Information technology
Logistics and transport

With strong development, the potential of Hoa Binh’s industrial park promises a bright future for Yen Quang.

Notable Projects in Yen Quang Industrial Park

Yen Quang I.P has attracted many investors seeking standout projects in Hoa Binh and notable projects in Yen Quang. Some of the prominent projects here include:

Wood processing plant of Woodsland – a leading investor in wood processing.
Electronics component manufacturing plant of Foxconn – a technology giant.
Agricultural processing plant of Hoang Anh Gia Lai – the largest agricultural enterprise in Vietnam.

These projects create jobs and promote industrial and socio-economic development in Hoa Binh Province. Yen Quang I.P attracts investors with its notable projects, offering development opportunities for Hoa Binh Province.

Conclusion

Yen Quang Industrial Park in Hoa Binh Province is attracting many investors. Its strategic location, modern infrastructure, and attractive investment policies are its strengths. This makes the industrial park increasingly appealing.

This industrial park not only drives industrial growth but also provides economic development opportunities for Hoa Binh Province. Sectors such as manufacturing, processing, logistics, and information technology create jobs and improve living standards.

We believe that Yen Quang I.P will attract more investment projects, benefiting Hoa Binh Province and the local community.

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FAQ

Where is Yen Quang Industrial Park in Hoa Binh Province located?

Yen Quang I.P is located in Yen Thuy District, Hoa Binh Province, approximately 15 km west of Hoa Binh City.

What geographical advantages does Yen Quang I.P have?

The location of Yen Quang I.P is close to important transport routes, such as National Highway 6, National Highway 12A, and the North-South Railway, facilitating easy connections to major economic centers and international border gates.

When was Yen Quang I.P established?

Yen Quang I.P was established in 2010. According to the decision of Hoa Binh Provincial People’s Committee, it spans 280 hectares with the goal of attracting investment and developing the industry.

What is the infrastructure like at Yen Quang Industrial Park?

Yen Quang Industrial Park is developed with a modern infrastructure system, including transportation, roads, railways, electricity, water supply, and wastewater treatment, all meeting environmental standards.

What are the main industries at Yen Quang Industrial Park?

Yen Quang I.P attracts various investment sectors, including agricultural production and processing, wood processing, mechanical engineering, electronics, and textiles.

What incentives does Yen Quang I.P offer to investors?

Yen Quang I.P provides several incentives for investors, including corporate income tax exemptions, import tax reductions, land use fee exemptions, and other support policies.

What is the future development potential of Yen Quang I.P?

With a favorable location and modern infrastructure, Yen Quang I.P is set to attract many new investment projects, contributing to the socio-economic development of Hoa Binh Province.

What notable projects are at Yen Quang I.P?

Yen Quang Industrial Park has attracted several major projects, such as the wood processing plant of Woodsland, the electronics component manufacturing plant of Foxconn, and the agricultural processing plant of Hoang Anh Gia Lai.