Hoa Phu Industrial Park: A “Bright Spot” in Industrial Development and a Key Link in the Southwestern Infrastructure Network

Hoa Phu Industrial Park (IP), part of the strategic planning for Vinh Long province, is not only a “bright spot” in industrial development but also a key link in the infrastructure network of the Southwestern region. With its advantageous location, modern infrastructure, and development vision extending to 2050, Hoa Phu IP is opening up promising investment opportunities, especially in logistics and high-value-added industries.

Prime Location and Strong Regional Connectivity

Hoa Phu IP boasts a strategic location in Hoa Phu Commune, Long Ho District, Vinh Long Province, situated at the heart of the Mekong Delta. It benefits from direct connections to key transport routes such as National Highway 1A, National Highway 53, and its proximity to major expressways like Trung Luong - My Thuan and My Thuan - Can Tho. Positioned midway along the My Thuan - Can Tho expressway, Hoa Phu IP is just 4 kilometers away from a major interchange, providing easy links to key economic hubs and major import-export centers like Ho Chi Minh City, the southwestern provinces, and international seaports and airports.

From Hoa Phu IP, investors can reach Ho Chi Minh City in about 1.5 hours and Can Tho City in around 30 minutes. This significant advantage helps optimize transportation and logistics costs, attracting businesses involved in logistics and industrial production requiring quick regional connectivity.

Comprehensive and Modern Infrastructure

One of the key strengths of Hoa Phu IP is its well-planned and modern infrastructure. Covering a total area of 250 hectares, Hoa Phu IP has attracted many large domestic and international investors, such as Acecook Vietnam Joint Stock Company, Ty Xuan Co., Ltd., Ching Lu Footwear Co., Ltd., and Towa Vietnam Co., Ltd. The park is fully equipped with water supply and drainage systems, wastewater treatment facilities, a stable power supply, and robust telecommunications infrastructure. Additionally, the developer is currently expanding Hoa Phu IP in its third phase by an additional 157 hectares.

Moreover, with its location in an area abundant in skilled labor and the strong support from the Vinh Long provincial government in administrative procedures and legal frameworks, Hoa Phu IP is well-positioned to be an ideal destination for long-term investors.

Development Plan and Vision to 2050

According to the overall economic and social development plan of Vinh Long Province for the 2021-2030 period, with a vision to 2050, Hoa Phu IP plays a crucial role in the strategy to shift the economic structure, promote industrial development, and enhance the quality of infrastructure in the Southwestern region. Vinh Long Province has identified priority sectors for development, such as processing industries, consumer goods manufacturing, and logistics services.

Logistics, in particular, is emerging as a key sector with significant potential due to the province’s central location, facilitating connections between agricultural production zones and both domestic and international markets. The development of logistics centers at Hoa Phu IP not only boosts the local economy but also enhances the region’s competitiveness on the national economic landscape.

Investment Opportunities in High-Value Industries

Hoa Phu IP is particularly attractive to investors in high-tech industries, supporting industries, and agricultural processing. These sectors are deemed to have substantial growth potential amid increasing demand for advanced industrial products and high-quality agricultural goods in international markets.

The Vietnamese government and the Vinh Long provincial authorities are actively improving the investment environment, simplifying administrative procedures, and introducing favorable policies to attract foreign direct investment (FDI) in strategic industries. Combined with programs to support small and medium-sized enterprises (SMEs), Hoa Phu IP is poised to become a modern industrial production center, contributing positively to regional economic growth.

Government Support and Incentive Policies

The Vietnamese government is prioritizing the development of key economic zones, especially the Southwestern region, which has strong potential in agriculture, processing industries, and services. The Vinh Long provincial government has actively collaborated with central agencies to promote transport infrastructure, improve business conditions, and attract investment.

Hoa Phu IP offers a range of attractive investment policies, including corporate tax exemptions and reductions, support for land costs, and streamlined administrative procedures for business establishment. These policies provide significant competitive advantages for investors choosing Hoa Phu IP as their production base.

Sustainable Development and Cooperation Opportunities

With a planning vision to 2050, Hoa Phu IP aims to remain a prominent player in the region’s infrastructure network. Government support policies and close cooperation with Vinh Long authorities provide a solid foundation for investors to develop long-term projects confidently.

Hoa Phu IP is not just a modern industrial park but a symbol of sustainable development and long-term planning in Vinh Long’s industrial strategy. With its strategic location, modern infrastructure, and attractive investment support policies, the park is creating numerous cooperation opportunities for both domestic and international enterprises. This is an ideal time for investors to leverage these opportunities, unlock potential, and contribute to the growth of the Southwestern region in this new phase of development.

By Hoang Le