Building factories in Ha Tinh: Advantages of seaports and attractive FDI incentives

Many major domestic and international corporations, such as Samsung, Vingroup, FLC, etc., have chosen to build factories in Ha Tinh to benefit from the natural advantages and appealing investment incentives.

4 Advantages Attracting FDI to Ha Tinh

Strategic Location

Ha Tinh is located in the North Central region of Vietnam, bordered by Nghe An province to the north, Quang Binh province to the south, the East Sea to the east, and Laos to the west. This positioning makes Ha Tinh an important bridge between Vietnam and neighboring countries, as well as a gateway to the East Sea and the Pacific Ocean for the North Central region and nearby countries like Laos, Thailand, and Myanmar. Additionally, Ha Tinh is on the North-South transportation axis, facilitating trade, logistics and easy access to international markets for businesses building factories in the area.

Mineral Resources

Ha Tinh has a diverse and abundant supply of mineral resources, with 121 construction material mines with a total area of 6,193 hectares and an estimated resource of 1,522.095 million cubic meters. The province also has 10 iron ore sites and various other minerals such as titanium, gold, granite, peat, kaolin, glass sand, and quartz. Additionally, Ha Tinh has large reserves of hot mineral water and extensive sea surface areas, supporting marine-based economic activities such as fishing, aquaculture, and industries related to the sea. This wealth of resources has strongly attracted FDI, creating opportunities for companies to design and build factories in Ha Tinh alongside heavy industry, supporting industries, logistics services, and seafood processing.

Deep Sea Ports and Logistics Infrastructure

Ha Tinh has three deep sea ports, including the Son Duong deep sea port, Vung Ang port, and Xuan Hai sea port. Among them, the Vung Ang – Son Duong deep sea port is one of Vietnam’s three key international maritime hubs. The Vung Ang – Son Duong port has a capacity of up to eighty-two million tons per year and can accommodate vessels with a tonnage of up to 350,000 tons. It is the shortest gateway connecting Central Vietnam, Laos, and Northeastern Thailand to global seaports. This makes Ha Tinh a crucial logistics center for the region, allowing companies building factories here to optimize transportation costs and streamline product distribution, as well as import and export activities.

Vung Ang Deep sea port – Ha Tinh

Key Projects

Ha Tinh is a strategic investment location for many large corporations, both domestic and foreign, such as Samsung, Vingroup, FLC, etc. Important national projects include the Formosa Steel Factory and Son Duong Port project, the Vung Ang I Thermal Power Plant project, the Ngan Truoi – Cam Trang Irrigation project, and the Vung Ang LNG Power Plant. These projects not only contribute significantly to local economic growth but also create new investment opportunities for SMEs to participate in the supply chain, from manufacturing components and parts to providing logistics, trade, and service support. Moreover, these businesses when designing and building factories in Ha Tinh can take advantage of existing infrastructure and easily access both domestic and international markets through modern seaports and major transportation routes.

Formosa Group building a factory in Ha Tinh

FDI Incentives and Industrial Zones in Ha Tinh

In addition to Vietnamese investment incentives, FDI enterprises building factories in Ha Tinh can also benefit from the province’s appealing incentives:

– Support 50% of the rental price for the first 5 years from the date of operation for small and medium enterprises, up to 400 million VND/enterprise.

– Support 30% of the cost of environmental treatment systems, up to 300 million VND/factory.

– Support 100% of the cost of advertising on the provincial media, up to 3 times/year, up to 3 years and not exceeding 30 million VND/project/year according to regulations.

– Support 50% of the cost of labor training to improve technology and specialized production techniques, up to 25 million VND/training course/enterprise, up to 01 training course/year.

– Support 100% of the cost of booths at trade promotion fairs and exhibitions, up to 25 million VND/unit/domestic fair and 50 million VND/unit/international fair.

– Support 100% of the cost of information search, product promotion, brand development, up to 15 million VND/contract and up to 01 contract/year.

List of Economic Zones and Industrial Parks in Ha Tinh 2024

Ha Tinh currently has two economic zones and three key industrial parks, focusing on attracting investment in industrial processing and manufacturing, construction materials, high-tech industrial products, consumer goods, household products, mechanical assembly, parts manufacturing, electricity, and electronics.

Active Economic Zones and Industrial Parks (Key Industrial Parks)

1. Vung Ang Economic Zone
   • Area: 22,781 hectares
   • Location: Ky Anh Town, Ha Tinh
2. Cau Treo International Gate Economic Zone
   • Area: 56,685 hectares
   • Location: Huong Son District, Ha Tinh
3. Gia Lach Industrial Park
   • Area: 350 hectares
   • Location: Nghi Xuan District, Ha Tinh
4. Ha Vang Industrial Park
   • Area: 250 hectares
   • Location: Can Loc District, Ha Tinh
5. Phu Vinh Industrial Park
   • Area: 207.665 hectares
   • Location: Ky Anh District, Ha Tinh
6. Bac Thach Ha Industrial Park (VSIP – Ha Tinh)
   • Area: 190.41 hectares
   • Location: Thach Ha District, Ha Tinh

Planned Industrial Parks by 2030

1. Bac Hong Linh Industrial Park
   • Planned Area: 269 hectares
   • Location: Hong Linh Town, Ha Tinh
2. West Ha Tinh City Industrial Park
   • Planned Area: 200 hectares
   • Location: Thach Ha District, Ha Tinh
3. Vung Ang I Industrial Park
   • Planned Area: 116 hectares
   • Location: Vung Ang Economic Zone, Ky Anh Town, Ha Tinh
4. Central Industrial Park lots CN4, CN5
   • Planned Area: 1,235 hectares
   • Location: Vung Ang Economic Zone, Ky Anh Town, Ha Tinh
5. Hoanh Son Industrial Park
   • Planned Area: 41 hectares
   • Location: Vung Ang Economic Zone, Ky Anh Town, Ha Tinh
6. Ky Trinh, Ky Thinh Industrial Parks
   • Planned Area: 310 hectares
   • Location: Vung Ang Economic Zone, Ky Anh Town, Ha Tinh
7. Ky Trinh Industrial Park
   • Planned Area: 330 hectares
   • Location: Vung Ang Economic Zone, Ky Anh Town, Ha Tinh

DELCO specializes in factory design and construction across Vietnam, including Ha Tinh. Our expertise ensures efficient project execution while maximizing cost savings and benefiting from the province’s strategic advantages and investment incentives.

See more: 6 key factors to consider to build or to lease a workshop

See more: Foreign investment in Vietnam FAQs – updated 2024

See more: Investment consultancy and project management service by DELCO