Amid the effects of the US-China trade war and the shifting global supply chains, the wave of investment from China into Vietnam has been significant growth. In this wave, Binh Dinh has emerged as a promising investment destination thanks to its strategic geographical location, synchronized infrastructure and favorable policies. Among these, Nhon Hoi IP - Park A stands out as the focal point attracting investment, quickly marking its place on the map for Chinese enterprises.
Why has Binh Dinh become an attractive investment destination?
Binh Dinh, a coastal province in Central Vietnam, owns the strategic location linking South Central Vietnam with the Central Highlands through a modern network of seaports, roads, airports, and railways. This advantage allows Chinese companies to optimize logistics costs and enhance competitiveness in accessing international markets, while efficiently distributing domestically.
The Binh Dinh government has also led administrative procedure reforms, reducing the time to process documents and creating favorable conditions for investors. The province offers a plentiful, young, and skilled workforce, with reasonable labor costs, meeting the demands of industrial production growth. Thanks to these strengths, Binh Dinh has become a priority destination for Chinese companies in the processing, manufacturing, and engineering sectors.
The strategic role of Nhon Hoi IP - Park A
Nhon Hoi Industrial Park - Park A plays a key role in Binh Dinh’s strategy to attract FDI. Located near Quy Nhon city and Quy Nhon Seaport, Nhon Hoi A IP has convenient access to major transport routes such as National Highways 1A, 1D, 19 and 19B, optimizing the import-export process and goods circulation.
With comprehensive infrastructure and services, Nhon Hoi Industrial Park - Park A offers a land sublease term of up to 50 years, along with incentives such as exemption from raw land sublease fees throughout the project’s lifespan and the highest preferential tax rates from Vietnamese Government. The IP is also fully equipped with essential infrastructure systems: electricity, water, wastewater treatment, telecommunications, and green spaces, ensuring a safe, green and sustainable work environment.
Thanks to these outstanding advantages, Nhon Hoi Industrial Park - Park A not only attracts light industrial enterprises but has also become an ideal destination for high-tech companies from China seeking to invest and expand in Vietnam.
Sustainable development vision
In parallel with attracting FDI capital, Binh Dinh also emphasizes creating a long-term and sustainable investment environment. Companies operating here not only contribute to the economy but are also committed to complying with environmental regulations, helping achieve the province’s sustainable development goals.
With these efforts, Nhon Hoi IP - Park A stands as a stable, secure investment destination for both domestic and international investors and contributes significantly to the local socio-economic development. The IP prioritizes attracting large FDI projects with high added value, advanced technology applications, environmental friendliness, and the potential to drive Binh Dinh’s industrial sector forward.
Conclusion
The wave of Chinese investment in Binh Dinh, especially in Nhon Hoi IP - Park A, is opening up significant opportunities for the province, driving economic growth and creating thousands of jobs for locals. With favorable policies and an effective investment attraction strategy, Binh Dinh in general and Nhon Hoi A IP in particular, will continue to be an ideal destination for Chinese businesses, contributing to the sustainable development of the locality.
