Why is the Hoa Khanh Industrial Zone(HKIZ) in Vietnam an attractive destination for foreign investment?

HKIZ attracts manufacturers from the garments and electronics industry as its infrastructure and facilities are structured to meet the specific needs of these growing industries. Services provided to the investors include access to water, electricity, and banking services. Meanwhile, in addition to an up to five-years corporate income tax holiday, foreign investors are also entitled to be exempt from all fixed assets and other materials essential to the upkeep of machinery needed for the production of goods within the zone.