LASTED UPDATE ABOUT GILIMEX PHU BAI INDUSTRIAL PARK IN HUE PROVINCE

Mar 24, 2023

1. INFORMATION ABOUT HUE AND GILIMEX HUE INDUSTRIAL PARK

1.1. INFORMATION ABOUT HUE:

Thua Thien Hue is an important economic development cradle of the central key economic region, has strong advantages in developing trade and expanding economic exchanges with localities at home and abroad.

It is one of the five provinces in the Key Economic Region of the Central region. Located on the main traffic axis, there is Chan May deep-water seaport, Thuan An port with a scale serving the entire Central region, Central Highlands and Mekong sub-region. Adjacent to Phu Bai airport is located right on National Highway 1A.

Adjacent to the Trans-Vietnam railway running along the provinces. Adjacent to the 86km border with Laos, and is the gateway of the East-West trade corridor connecting Myanmar, Thailand, Laos with the East Sea.

1.2. INFORMATION ABOUT GILIMEX HUE INDUSTRIAL PARK

Photo: Perspective of Gilimex Hue Industrial Park

Established in November 2019, Gilimex Industrial Park Joint Stock Company is the Investor of Gilimex Thua Thien Hue Industrial Park Project with a total area of about 460 hectares. Located in Huong Thuy Town, Thua Thien Hue Province with the founding shareholder being Binh Thanh Import-Export Production Trading Joint Stock Company, Gilimex Thua Thien Hue Industrial Park (IP) is invested and built towards the goal: Green Industry, Clean Industry, and Advanced Technology with synchronous infrastructure to attract domestic and foreign secondary investors. Gilimex Industrial Park is committed to focusing on investment in infrastructure, landscape, and constantly innovating to maintain sustainability and bring the highest benefits to each investor when choosing Gilimex IP as a destination.

- Office address: Vinh Ninh ward, City. Hue

- Address of the industrial park: Huong Thuy Town, City. Hue (about 2 km from Phu Bai airport)

- Year of establishment: 2019

- Consists of 2 subdivisions:

Subdivision A: 49.17 hectares of which land for factories and warehouses is 29.06 hectares

Subdivision B: 411.68 hectares, of which land for factories is 258 hectares, warehouses are 12.4 hectares

The remaining area is for the area of trade and services, technical administration, green space and internal traffic.

UPDATE CONSTRUCTION PROGRESS OF GILIMEX HUE INDUSTRIAL PARK:

- Commencement: November 2022

- Time to hand over area A: Q3.2023

- Time to hand over area B: Q1.2024

Photo: Map of Gilimex Hue Industrial Park

2. GEOGRAPHICAL ADVANTAGE

Gilimex Thua Thien Hue Industrial Park is located in a strategic position right on the road traffic axis, highways and especially the East West Economic Corridor (EWEC) axis of Vietnam. These are prerequisites that bring practical benefits to investors, saving time, transportation costs and connecting with major city centers in the Central region.

Area of the whole area: ~460.85 hectares

Subdivision A: 49.17 ha

Subdivision B: 411.68 hectares

Located along National Highway 1A

Connecting to Cam Lo - La Son - Tuy Loan Expressway

As the starting point of the East-West Economic Corridor

50 km from Chan May Port

Distance from Da Nang City 80 km

80 km from Da Nang Port

170 km from Lao Bao Border Gate

Photo: Strategic location of Gilimex Hue Industrial Park

3. INDUSTRY ATTRACTING INVESTMENT

Food production and processing, beverage production

Manufacture of paper and paper products

Manufacture of man-made fibers

Manufacture of drugs, pharmaceutical chemicals and medicinal herbs

Producing products from rubber and plastic

Manufacture of other non-metallic mineral products

Manufacture of electronic products, computers and optical products

Manufacture of electrical equipment

Machine production

Manufacture of spare parts and auxiliary parts for automobiles and motor vehicles

Production of means of transport

Manufacturing and processing industry

Repair, maintenance and installation of machinery and equipment

Manufacture of leather and related products

Manufacture of electronic products, computers and optical products

Manufacture of equipment, medical, dental, orthopedic and rehabilitation equipment

Repair, maintenance and installation of machinery and equipment

.....

Photo: Main industries attracting investment in Gilimex Hue Industrial Park

4. INFRASTRUCTURE OF GILIMEX HUE INDUSTRIAL PARK

ELECTRICAL SYSTEM:

110/22KV electricity with a capacity of 56 MVA

Supplier: EVN

TELECOMMUNICATIONS SYSTEM:

1,614 lines optical fiber

6 BTS stations

30,000 m communication cable pipe

WATER SUPPLY SYSTEM:

Capacity: 10,000 m3/day

Phase 1: 5,000 m3/day

WASTE WATER TREATMENT SYSTEM

Capacity: 7600m3/day

Phase 1: 3800 m3/day

THE INTERNAL TRANSPORTATION SYSTEM OF THE INDUSTRIAL PARK

Scale of main roads: width 61.5m

The route with the smallest width: 19.5m

Total length of internal roads of Industrial Park: ~ 25Km

5. TAX INCENTIVES

CORPORATE INCOME TAX:

Tax exemption for 2 years and 50% reduction of payable tax for the next 4 years

Corporate income tax 17% for the first 10 years after the tax exemption/reduction period

IMPORT TAX:

Exemption from import tax on goods imported to be used as fixed assets of investment projects

Photo: Tax incentives for new investment projects in Gilimex Hue Industrial Park

6. LAND RENTAL PRICE

Currently, the earliest land can be handed over to investors is around Q3 of 2023, investors have needs, please contact to book a reservation, Industrial Park will prioritize the best locations for those first customer.

Land rental price: from $65/m2 (Updated price Q1.2023),

**the price may change depending on the location and rental area that customers are interested in.

Please contact hotline (+84)90806.9399 to update the latest land rental price of Gilimex Hue Industrial Park.

7. INDUSTRIAL LAND AND FACTORIES FOR LEASE OR TRANSFER

* Currently there is no information about transferring industrial land at Gilimex Phu Bai Hue, no information about transferring factories in Phu Bai Industrial Park

Please contact our consultant for more details

*Factory, warehouse for rent in Gilimex Industrial Park Phu Bai: It is expected that there will be about 20000 m2 of factories and warehouses for rent in Gilimex Hue Industrial Park, there will be information as soon as possible for investors in need.

8. UTILITIES NEAR GILIMEX HUE INDUSTRIAL PARK

Distance from Gilimex Phu Bai Industrial Park to the city center of Hue is only 15km, about 25 minutes by car, so the industrial park has the facilities from Hue city such as hotels, restaurants, accommodation centers, offices for rent, hospitals, ....

Hue has 8 universities and 10 colleges with about 15,000 graduates annually, the most famous of which is Hue University with many member schools, training diverse subjects from economics to languages, technology, so Hue has good quality of human resources compared to other provinces

Contact us now: Hotline: (+84) 90806 9399 (English & Vietnamese)

For more information about Gilimex Hue Industrial Park as well as industrial parks in Hue and the central region as well as attractive industries, up-to-date land rental rates and investment incentives, and arrange a visit to the park Karma. We are pleased to welcome investors from all over the world to learn about the investment environment in Hue.