Hoa Binh
A Dynamic Economic Zone

Khu công nghiệp Yên Quang tỉnh Hòa Bình

 Hoa Binh has an important strategic location, not only being the gateway to the Northwest region of the country but also the bridge between the Northwest region with Hanoi capital and the Northern Delta provinces. With this prime location, the province is a transit point and bridge for the circulation of goods between the northern provinces.

Hoa Binh has diverse and prosperous natural conditions, creating ideal conditions for the strong development of many economic fields such as tourism, services, agriculture, and industry, as well as opening up many investment opportunities for domestic and foreign enterprises.

SYNCHRONOUS & COMPLETION TRANSPORT INFRASTRUCTURE

 Hoa Binh invested more than 120 trillion VND in perfecting the arterial traffic network.

  • Invest in expanding Hoa Lac – Hoa Binh expressway (6 lanes, 120m wide), intensely connecting the Northwest, Hoa Binh, Hanoi
  • Project merging Hoa Binh – Hanoi region and Hoa Binh – Moc Chau highway
  • Traffic network systems such as Provincial road 435, 433, 438, Lac Son – Tan Lac inter-district road, the connecting road Hoa Binh – Kim Boi city, Ho Chi Minh road – The ring road 5 Ha Noi, etc.
  • Ample inland waterway transport network, opportunely for the transportation of goods and trade

ABUNDANCE OF LABOR, REASONABLE & LOW COST

Hoa Binh’s Population:

854,131 people

Regional minimum salary in 2022:

3,250,000 VNĐ

(region IV - the region with the lowest salary)

Percentage of population in working age:

62.5%

Percentage of trained labour:

57,5%

Hoa Binh has the ability to attract workers from other neighboring provinces and cities such as Hanoi, Phu Tho, Ha Nam, Ninh Binh, Son La, Thanh Hoa...

Open the door to welcome investment

25 FDI ​​projects with total registered capital of

518,99

million USD

80 DDI projects with total registered capital of

15.494,21

billion VND

 

CORPORATE INCOME TAX INCENTIVES

  • 0 year

    0%
  • 2 years

    8,5%
  • 6 years

    17%
  • 10 years

    20%

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