Detailed Evaluation of Thach That - Quoc Oai Industrial Park: An Attractive Investment Destination in Hanoi
Thach That - Quoc Oai Industrial Park (IP) is not just a conventional industrial development project but also a testament to Hanoi’s industrialization and modernization orientation. Planned on the foundation of two existing industrial clusters, this IP holds a strategic location, synchronized infrastructure, and impressive scale, attracting significant attention from both domestic and foreign investors. This article, from the perspective of an industrial real estate expert, provides an in-depth analysis of the potential and value components of Thach That - Quoc Oai Industrial Park.
Project Overview: Scale and Development Orientation
Thach That - Quoc Oai Industrial Park was established under Decision No. 2500/2007/QD-UB issued by the Chairman of the People's Committee of Ha Tay Province (now Hanoi City) on December 21, 2007. This decision not only approved the project but also assigned Ha Tay Development Investment Joint Stock Company as the investor responsible for infrastructure construction and business operations.
Initially, the project was developed based on the merger and re-planning of two industrial clusters: Phung Xa Industrial Cluster (Thach That District) and Quoc Oai Industrial Cluster (Quoc Oai District). This consolidation created a large-scale industrial park with unified management and infrastructure, aligning with the city's industrialization development strategy.
Basic information about Thach That - Quoc Oai Industrial Park:
- Project name: Thach That - Quoc Oai Industrial Park
- Investor: Ha Tay Development Investment Joint Stock Company
- Area: 150.12 ha
- Operating term: Until 2056
- Location: Quoc Oai Town and Phung Xa Commune, Thach That District, Hanoi City
The IP is oriented as a multi-sector industrial park, focusing on low-pollution industries. This reflects the balance between economic development and environmental protection, an increasingly important factor in sustainable development.
Geographic Location and Transport Connectivity
Location is one of the greatest advantages of Thach That - Quoc Oai Industrial Park, helping businesses optimize logistics costs and facilitate workforce recruitment.
Detailed location:
The IP is located in Quoc Oai Town, Quoc Oai District, Hanoi (Latitude 21.00444221 and Longitude 105.6306305). The area is adjacent to the Lang - Hoa Lac Expressway, one of the most important and modern transport arteries of Hanoi. This adjacency provides not only convenient goods transportation but also easy connectivity to other key economic zones.
Boundaries and adjacent areas:
- North: Adjacent to residential area of Phung Xa Commune.
- South: Adjacent to Lang - Hoa Lac Expressway.
- East: Adjacent to internal industrial park access road.
- West: Adjacent to inter-district road.
Strategic connectivity distances:
The multi-directional connectivity of Thach That - Quoc Oai Industrial Park is demonstrated through its ideal distances to major economic hubs:
- Hanoi city center: About 17 km. This allows workers from Hanoi to commute easily on a daily basis.
- Noi Bai International Airport: 30 km.
- Hai Phong Port: 130 km.
- Quang Ninh - Cai Lan Deep-water Port: 150 km.
In addition, the IP is located near modern urban areas and especially Hoa Lac High-Tech Park, forming a dynamic economic-technology cluster that creates cooperation and development opportunities for businesses.
Industry Structure and Production Orientation
The project is planned as a multi-sector industrial park with a commitment to low environmental pollution. Key encouraged industries include:
- Mechanical and electronic assembly industry;
- Food processing;
- Light industry and consumer goods;
- Jewelry processing;
- Precision electronics, motorcycles, automobiles manufacturing;
- Household electrical appliances;
- Mechanical engineering.
This diversity allows the industrial park to attract various types of production, from high-tech to processing industries, creating a dynamic and sustainable business environment.
Technical Infrastructure Analysis
Synchronized and modern infrastructure investment is a key factor ensuring stable and efficient production and business operations for investors in Thach That - Quoc Oai Industrial Park.
Land conditions:
The land in the IP has been leveled with an average elevation of 9.8m. The soil is solid, suitable for large industrial constructions without complex foundation treatment, helping reduce investment time and cost.
Electricity supply system:
Electricity is supplied continuously and stably from Hanoi’s high-voltage grid. The total capacity is approximately 60,000 KVA, meeting large-scale production needs. The power network runs along internal roads. Enterprises will invest in their own substations depending on actual consumption.
Internal transportation system:
The internal road system is reasonably designed, serving optimal transportation and logistics access to each land plot. Road structure includes:
- Central area roads: 36m wide.
- Branch roads: 24m wide.
Lighting systems are installed along all internal roads, ensuring 24/7 safety and security.
Drainage and environmental treatment system:
The IP has a separate system for rainwater and wastewater (industrial and domestic wastewater).
- Rainwater drainage: Collected through a drainage system and discharged into local rivers.
- Wastewater treatment: Wastewater is collected at a centralized treatment plant. Enterprises must pre-treat wastewater to at least Level C standards before discharge into the system, after which it is further treated according to Vietnamese government regulations.
- Solid waste management: Factories must sign contracts with licensed units for waste classification, collection, and transportation out of the IP.
Clean water supply and telecommunications:
- Clean water: Supplied directly to each enterprise’s boundary.
- Telecommunications: International-standard telecom system with underground fiber optic cables directly connected to factory fences.
Green system:
Green areas account for 10–12% of the total IP area, combining concentrated landscaping and roadside greenery, creating a pleasant working environment and aesthetic landscape.
Construction Management and Density Regulations
To ensure uniformity and optimal space utilization, Thach That - Quoc Oai Industrial Park has clear construction regulations:
Building density:
- Building coverage must not exceed 65% of the total land plot area.
- Floor Area Ratio (FAR) must not exceed 200%.
Height and floors:
- Average floors: 1–2 floors for factories; 1–4 floors for office buildings.
- Maximum floor height: 4m.
- Maximum building height: Not exceeding 13m.
Construction setbacks:
Main structures must comply with setback regulations:
- 6m from internal roads.
- 3.5m from adjacent plot boundaries.
Fencing:
- Maximum height of roadside fences: 2.3m.
- Fences between plots: not higher than 2m and must not use barbed wire.
Safety systems (fire protection and lightning protection):
Tenants must install and maintain effective fire alarm and fire-fighting systems. All buildings must also be equipped with lightning protection systems to ensure maximum operational safety.
Pricing and Investment Opportunities
Land rental prices in Thach That - Quoc Oai Industrial Park range from 19.13 to 40 million VND/m². This is a competitive price reflecting its prime location near Hanoi and high-quality infrastructure.
With a large area of 150.12 ha, long lease term until 2056, and strong support from Hanoi’s industrialization policies, this IP is a strategic investment choice, especially for businesses needing convenient logistics access and high-quality labor from the capital.
In summary, Thach That - Quoc Oai Industrial Park is not only a production site but also a well-planned, modern investment environment that meets strict technical standards, promising long-term economic efficiency for investors.
