Nhon Hoa Industrial Park Infrastructure Investment Co., Ltd Empowering Investors for Sustainable Development

Nhon Hoa Industrial Park has been seen as a typical and representative industrial park of Binh Dinh province. With its investor’s business philosophy of “Committed to advancing sustainable development with investors”, the appropriate investment policy of the local government and its geographical location and convenient transportation system, Nhon Hoa Industrial Park has become a leading light in investment attraction and added momentum for innovation, growth and socioeconomic development in the locality.

Appeal from a green - modern industrial park

Nhon Hoa Industrial Park was established in 2009 in Nhon Hoa ward and Nhon Tho commune by Nhon Hoa Industrial Park Infrastructure Investment Co., Ltd according to the decision of the Provincial People's Committee ratifying the detailed planning and construction of a modern industrial park to boost local industrial development. The company has been known as the prime industrial park developer in Binh Dinh with 15 years of experience and successfully attracted many investment projects from other countries and territories like Thailand, South Korea, Japan, Taiwan, the Netherlands and Malaysia.

The investor of Nhon Hoa Industrial Park infrastructure always upholds the development vision of a professional, prestigious industrial park in Binh Dinh and regards the satisfaction of secondary investors as the highest goal. To build Nhon Hoa into a friendly industrial park and meet national and international standards, the investor has focused resources on building a synchronous and modern technical infrastructure system comprised of roads, green spaces, lighting networks, telecom-information communication systems, power grid, clean water supply systems, wastewater treatment facilities and fire protection facilities to form a green, clean and beautiful landscape and a professional working space for tenants to boost their business performance.

Favorably located by National Highway 19 that links Quy Nhon Port with the Central Highlands, Southern Laos and Northeastern Thailand and Cambodia, Nhon Hoa Industrial Park is very convenient for linking production, transiting goods, importing raw materials and exporting goods to the market. It is 25km from the economic, political, social and cultural center of Binh Dinh province, enabling tenants to quickly access all services like administrative centers, banks, restaurants, hotels and hospitals and handle administrative records and procedures at the provincial administrative center and tax and customs offices. In addition, the province has an abundant labor force, a local strength to entice domestic and international investors. In recent times, most manufacturing factories in Nhon Hoa Industrial Park have operated effectively.

To reaffirm its strong commitment to sustainable development, Nhon Hoa Industrial Park Infrastructure Investment Co., Ltd also took specific steps to realize its commitment. Each year, the company makes substantial investments in upgrading infrastructure to enhance service convenience and better address the increasing needs of its tenants. In 2022, the firm allocated nearly VND60 billion toward the construction of a central parking facility, the modernization of a wastewater treatment plant with a daily capacity of 2,000 cubic meters, and the enhancement of the clean water supply system with a capacity of 3,000 cubic meters per day. In 2023, the company further committed significant resources to the repair and construction of new internal roadways. By October 2023, the first-phase development of the 158.7-ha Nhon Hoa Industrial Park and its expanded area had been fully leased to 44 tenants with 47 active investment projects, achieving an impressive occupancy rate of 98.5%. Noteworthy is the fact that the majority of these tenants operate with modern production lines and advanced equipment, contributing to increased investment efficiency while maintaining ecological sustainability.

Overview of Nhon Hoa Industrial Park

Persistently pursuing sustainable development goals

To strongly draw investors by promoting locational advantages, technical infrastructure and applicable incentives, Nhon Hoa Industrial Park is increasingly grasping opportunities from the redirected global investment capital to become an attractive destination for domestic and foreign investors. Currently, the park has successfully attracted nearly 60 tenants with VND7,020 billion of registered capital. Nhon Hoa Industrial Park has created jobs for local people and attracted a large number of migrant workers from neighboring provinces, contributing to local socioeconomic development and sustainable growth.

Nhon Hoa IP will continue to pursue sustainable development goals, constantly improve its performance, focus on environmental protection and green development and optimize energy consumption. Mr. Tran Thanh Dung, Director of Nhon Hoa Industrial Park Infrastructure Investment Co., Ltd, said: The company will continue to build modern wastewater treatment plants in industrial parks to ensure the standardized quality of wastewater discharged into the environment. Its goals are to reduce emissions and energy consumption, minimize impacts on the environment, and create a green, clean and safe working environment for tenants and their employees. The company will continue to improve infrastructure to meet green development and sustainable industrial park goals by expanding green projects, attracting environmentally friendly quality investors and projects. Secondary investors in its industrial parks must have high quality and meet environmental criteria. Nhon Hoa IP will increase investment in sustainable environmental technologies for the future of local people.

Nhon Hoa Industrial Park features modern and fully integrated technical infrastructure

In addition to developing green, smart and modern industrial parks, Nhon Hoa Industrial Park Infrastructure Investment Co., Ltd revises its development planning to match local social situations and regional development plans approved by the Prime Minister. Moreover, it is necessary to revise its industrial park investment projects, adjust environmental impact assessment reports and construction drawing designs and complete procedures according to the law.

On the business journey, the company always aims to develop a sustainable industrial park, focusing on the following fields and industries: Agricultural processing, animal feed, construction materials, mechanical engineering, environmentally friendly supporting industries and high value-added industries. The projects have contributed to promoting economic restructuring, increasing production capacity and export value, and creating jobs for local workers. Therefore, since its inception, Nhon Hoa Industrial Park has been steadfast in its goal of drawing high-quality capital by investing in synchronous modern technical infrastructure and services to satisfy high demands of tenants. This is why the park has increasingly demonstrated its great appeal to domestic and foreign investors, especially those that are responsible to the community and society and pursuing sustainable production, business and development.

By Duy Anh, Vietnam Business Forum