7+ differences between keo bet88 clusters and keo bet88 parks

In keo bet88 park real estate, the modelskeo bet88 clusters and keo bet88 parksare often confused. Let's distinguish these two models by comparing criteria such as definition, scale, goals, etc.

Criteria	keo bet88 cluster (“IC”)	keo bet88 park (“IP”)
Definition/Concept	Focus on small and medium-sized keo bet88 and handicraft activities. Serves local production needs.	Focus on large-scale keo bet88 and service activities.
Size & Area	Minimum: 10 hectares (5 hectares for mountainous areas). Maximum: 75 hectares.	There are no regulations on area limits. keo bet88 park are usually more than 100 hectares
Characteristic	Simple infrastructure	Synchronous infrastructure
Production Role	Produces agricultural, forestry, fishery and handicraft products Manufactures, assembling, and repairing machinery and components for agriculture.	Manufacture large-scale products and provide services for keo bet88 production
En terprise composition	Small and medium-scale enterprises. Main fields: industry - handicrafts, production of equipment for local agriculture.	Large-scale enterprise. Main field: Manufacturing and providing keo bet88 services.
Conditions of establishment	The State Must approve the conditions of establishment for planning. Investors build infrastructure. Achieved a 30% occupancy rate after 1 year of operation.	Must be approved by the State for planning. There are full policies and operating mechanisms. Well-developed base system.
Application for establishment	Do not operate inside keo bet88 clusters.	Established and operating in an keo bet88 park.
For export processing enterprises	Thap Cham keo bet88 cluster	Du Long keo bet88 Park

1. Size & Area

The area of ​​an keo bet88 park (keo bet88 park) has no specific limit, and it is regulated based on the planning of local or national management agencies. Some keo bet88 parks can reach a scale of over 3,000 hectares, such as Deep C Hai Phong keo bet88 Park complex (3,400 hectares) and Sonadezi Chau Duc keo bet88 Park (2,287 hectares). In contrast, keo bet88 clusters are typically smaller, ranging from about 10 to 75 hectares, including expansion areas.

This difference is due to keo bet88 clusters and parks' different land use goals. State regulations on land management and development planning also play a significant role in determining the size of each model.

2. Characteristic

keo bet88 parks feature comprehensive infrastructure designed to support a wide range of industries. They are equipped with advanced facilities and services to accommodate diverse keo bet88 activities.

In contrast, keo bet88 clusters typically have simpler infrastructure, suited to basic industries such as handicrafts and the processing of agricultural, forestry, and fishery products.

This difference highlights the primary goal of each model: keo bet88 parks aim to support a broad spectrum of keo bet88 production, while keo bet88 clusters focus on specific industry groups, processing mechanisms, and handicrafts.

3. Production role

In terms of role, keo bet88 parks and keo bet88 clusters both play a significant role in attracting investment foreign investment and developing the national economy. However, each model is guided by the Government to support different sectors

• keo bet88 Parks:These are designed to support a broad range of industries and attract large-scale investments. They contribute to national economic growth through diverse keo bet88 production.
• keo bet88 Clusters:Focus on agriculture and handicrafts. Investors in keo bet88 clusters are often involved in the processing of agricultural, forestry, and fishery products, as well as family-run businesses producing handicrafts on a small to medium scale. This orientation helps promote rural development and preserve traditional craft villages in a modern and sustainable way.

Currently, keo bet88 parks in Vietnam are "magnets" that attract Foreign Direct Investment (FDI), bringing in billions of dollars in new investment each year. These keo bet88 parks are planned according to many different models to maximize their potential and enhance the attractiveness of the national economy, including supporting keo bet88 parks, urban keo bet88 parks, high-tech keo bet88 parks, specialized keo bet88 parks, and eco-keo bet88 parks.

4. Enterprise composition

With a limited scale of about 10 - 75 hectares, IC is a suitable destination for businesses and family-run operations in the agricultural and handicraft sectors.

Products of businesses operating in keo bet88 clusters often depend on local strengths such as agriculture, forestry and fisheries, craft village products, or equipment to serve production needs.

In contrast, keo bet88 parks concentrate on large-scale or foreign-invested enterprises. They leverage their strategic location and infrastructure to expand business scale and optimize production processes. Therefore, a province can host various keo bet88 park models to cater to different production purposes and business activities.

5. Conditions of establishment

According toDecree No. 68/2017/ND-CPon management and development of keo bet88 clusters, keo bet88 clusters need to meet 3 factors to be eligible to be established:

• State Approval: The cluster must have planning approval from the State
• Infrastructure Investment: There must be an investor responsible for developing the infrastructure.
• Occupancy Rate: The cluster must achieve a 30% occupancy rate within one year of starting operations.

For keo bet88 parks, as stipulated in Decree No. 35/2022/ND-CP, similar conditions apply. However, investors in keo bet88 parks need to prepare additional policies and operating mechanisms for secondary investors. For specific models like ecological and high-tech keo bet88 parks, investors must also ensure the development of comprehensive infrastructure that meets relevant standards.

6. For export processing enterprises

Export processing enterprises are a specific type of enterprise that specializes in producing products for export purposes.  According to Decree 35/2022/ND-CO regulations, export processing enterprises are only allowed to establish and operate in keo bet88 parks, export processing zones, and economic zones. Export processing enterprises are not approved to be licensed in keo bet88 clusters.

7. keo bet88 clusters and keo bet88 parks in VietNam

According toVN Economy, Vietnam is making substantial progress in keo bet88 park development. In the first half of 2014, there were more than 10 new keo bet88 parks approved for investment. New and key IPs include VSIP Lang Son and VSIP Ha Tinh. The occupancy rates for keo bet88 parks are also impressive: 38% in the North (up 3% from the previous year) and 92% in the South (up 1% from the previous year).

While keo bet88 clusters attract less investment compared to keo bet88 parks, there have been notable developments. For instance, the State has introduced Decree No. 32/2024/ND-CP to enhance the management and development of keo bet88 clusters. Additionally, the VKC Group has launched a significant 335-billion VND keo bet88 cluster in Nghe An.

In the period 2030 - 2050, Vietnam will continue to promote the development ofkeo bet88 clusters and keo bet88 parkswith an emphasis on environmental sustainability and renewable energy practices.

To understand concepts about the keo bet88 real estate market, please regularly follow our website at/to get more information on incentives and investment opportunities in Ninh Thuan province, please contact the hotline at096.230.5757for support!