Following the series of articles about industrial parks in the North of Binh Duong province, this article shall summarize information about the remaining industrial parks which are under 500 hectares and have available land for new lease. These are the ideal investment destinations for domestic and foreign investors for beginning new projects in one of the four largest economic regions in the South of Vietnam.
1. Dai Dang Industrial Park
Scale of the park
Dai Dang Industrial Park is a mixed-purpose industrial park, officially put into operation in 2005. It was built by Dai Dang Construction and Investment Company over 274 hectares with a total investment capital of 416 billion dong.
Geographical location
Dai Dang Industrial Park is located in Phu Tan Ward, Thu Dau Mot Town, Binh Duong Province. In general, this is a convenient location since it is about 22 km from Tan Son Nhat airport, 20 km from Tan Cang, 4 km from National Highway 13, 12 km from Song Than Station and about 30 km from Ho Chi Minh City.
Technical infrastructure
This industrial zone has roads designed according to the standards of residential area grade 4 roads, for speeds of upto 40 km/h. The design load can handle axles of 10 tons. The roads are made from hot asphalt concrete with pavements. This zone also has water supply, electricity, communications systems and wastewater treatment plants which are fully equipped.
Land rental price
The total area of industrial land for lease in Dai Dang Industrial Park is 166 hectares, of which the area already subleased is 76.08 hectares, reaching an occupancy rate of 45.82%. The lease prices in this area are still relatively high, ranging around 65 USD/m2 per 50 years.
Business lines
- Wood processing and interior decoration;
- Mechanical assembly
- Agricultural processing;
- Power electronics;
- Garments, packaging, footwear;
- Assembling and repairing agricultural, forestry and transportation machines.
Investment incentives
Investment activities in this industrial park are exempted from CIT for 2 years with a possible further 50% reduction in CIT applicable for the next 4 years for investors beginning new projects.
Enterprises operating in the industrial park
Including Kumho Electric Vina Co. Ltd., Homepoly Industries Co. Ltd., U – House Enterprise Co. Ltd., Kingship Scales Co. Ltd., and Sharp Mind Technology Vietnam Co. Ltd.
2. Tan Binh Industrial Park
Scale of the park
Tan Binh Industrial Park (TBIP) was established in 2012 over an area of more than 350 hectares and is located in Bac Tan Uyen District in the northern gateway of Binh Duong province. The main investor of this industrial park is Tan Binh Industrial Park Joint Stock Company.
Geographical location
Tan Binh Industrial Park is located in Tan Binh Town, Bac Tan Uyen District, Binh Duong Province.
TBIP is only
- 15 km away from the central administrative center of Binh Duong Province,
- 51 km from Ho Chi Minh City
- and is accessible to Binh Phuoc and the highland provinces through the DT 741 road
making it easy to procure abundant sources of raw materials like wood and natural rubber. This favorable geographical location makes TBIP one of the ideal destinations for investors to manufacture wooden products, natural rubber and agricultural products for domestic and export markets.
Business lines
This industrial zone operates clean, low-pollution industries such as:
- Agricultural and forestry products, rubber products such as tires, auto parts, motorcycles, household appliances, etc., plastic items;
- Furniture from rubberwood sources;
- Agricultural development, mechanical manufacturing, agricultural machinery and tools, fertilizers;
- Consumer goods for domestic usage and export such as garments, electrical appliances, household appliances, metals and all kinds of packaging;
- Construction materials, interior decoration materials, structural frames, roofing sheets, cover panels;
- Pharmaceuticals and cosmetics;
- Food processing, flavoring and chemicals,
Advantages of TBIP
Located in an area entitled to incentives on corporate income tax (tax exempt for the first 2 years and a 50% reduction for the next 4 years), a convenient geographical location with abundant raw materials availability (latex, wood, etc.) which are provided by enterprises like Phuoc Hoa Rubber Joint Stock Company etc., this is an ideal location for new investors.
This zone also offers flexible payment schedule and the premises can be immediately handed over to the investor, without any problems in clearing and compensation.
It also has synchronous infrastructure, good foundation load capacity (1.6 -2.0 kg/cm2), wastewater treatment plants, power plants, clean water plants, etc., and is recognized by leaders and local authorities. It also offers ease of licensing procedures and an abundant workforce.
Enterprises operating in the industrial park
Including Sinomax (Vietnam) Household Furniture Co. Ltd., Yuan Heng Vietnam Furniture Co. Ltd., Trung Nam Vietnam Paper Co. Ltd., Bolin Furniture Co. Ltd., and TCL (Vietnam) Smart Electronics Co. Ltd.
3. KSB Industrial Park
Scale of the park
KSB Industrial Park (abbreviated as KSIP) – Bac Tan Uyen started construction in an area of 553 hectares, including 2 zones A and B and was officially put into operation in 2007. It was built by Binh Duong Minerals and Construction Joint Stock Company (BIMICO) with an investment capital of more than 238 billion VND.
Geological location
KSIP is located in Dat Cuoc commune, Tan Uyen District, Binh Duong province. This area is located:
- around 20 km from Song Than ICD,
- around 50 km from Cat Lai port,
- about 55 km from Tan Son Nhat airport,
- about 25 km from National Highway 1A,
- about 12 km from Song Than Station
- and 52 km from Ho Chi Minh City.
Technical infrastructure
This industrial zone has roads designed according to the standards of residential areas grade 4 roads, and can support speeds of up to 40 km/h. The roads are capable of handling axles of 10 tons. It also has water supply, electricity, communications systems and wastewater treatment plants which are fully equipped.
Land rental price
The total area of industrial land for lease in KSIP is 130.11 hectares and service land are 40.3 hectares. The area already subleased is 49.73 hectares, reaching an occupancy rate of 38%. Land rental price ranges from 780,000 VND/m2 to 975,000 VND/m2 (excluding fees for using infrastructure).
Thus, the price of land in Khanh Binh Industrial Park is still high and is suitable for investors who want to begin projects here in the near future.
Business lines attracting investment includes
- Group I:
- Production of paper and pulp;
- Leather tanning industry;
- Washing, bleaching and dyeing processes;
- Manufacturing industries with plating stage;
- Chemical production: Basic chemicals, batteries, accumulators, detergents, dyes, and printing ink.
- Group II:
- Wood processing including sawing, drying and manufacturing wooden products (except carving, sculpture, wood handicrafts);
- Painting and processing wood, metal and other products;
- Smelting and rolling iron and steel from steel billets;
- Smelting and manufacturing of rubber products;
- Trading and classifying scrap and waste;
- Production of animal feed, seafood processing, sauces, monosodium glutamate, salt, cooking oil, alcohol, beverages, and cashew nut processing.
- Group III:
- Manufacture of baked bricks and tiles, producing raw materials, preparation and packaging of plant protection drugs;
- Fertilizer production;
- Scrap and waste recycling industry (production of steel and metal from waste, scrap, plastic recycling, and lubricant regeneration);
- Preliminary processing of natural rubber latex;
- Raising livestock and poultry through industrial processes
- Starch production from tapioca;
- And hazardous industrial waste treatment.
Investment incentives
Investment activities in this industrial park are exempted from CIT for 2 years, with a further 50% reduction in CIT applicable for the next 4 years for investors beginning new projects.
Enterprises operating in the industrial park
Including Life Style Co. Ltd., JIAYING Co. Ltd., Young Bao Co. Ltd., Xin Hung Industrial Chemicals Co. Ltd., and Quang Loi Wood Production Company.
4. Rach Bap Industrial Park
Scale of the park
Rach Bap Industrial Park was established in 2005 by An Dien Industrial Joint Stock Company. It was built over 278 hectares in a convenient location accessible to other regions. For many years, Rach Bap Industrial Park remained as an attractive destination for many businesses, among which, the number of FDI projects is increasing.
Geographical location
Rach Bap Industrial Park is located in An Dien commune, Ben Cat District in Binh Duong province. It is located in an area that has synchronously invested in infrastructure.
It also has extremely good connectivity with key areas and provinces in the region:
- only 3 minutes from Vinaconex port,
- about 22 km from Thu Dau Mot,
- about 45 km from Bien Hoa – Dong Nai province,
- about 55 km from Tan Son Nhat Airport and Saigon port,
- and 70 km from Moc Bai border gate.
Technical infrastructure
To create a favorable and safe investment environment for investors, An Dien Industry Joint Stock Company built fully equipped infrastructure in this park. To be specific,
- Internal roads are paved with hot asphalt concrete and designed according to Vietnamese standards H18-H30.
- Power comes from national electricity network through the existing 22 KV medium voltage line running along the industrial zone, connecting 3-phase electricity to each factory.
- Water is supplied Binh Duong Water – Environment Joint Stock Company (BIWASE) and it also has a wastewater treatment plant with a capacity of 6,000m3/day.
- It also has fire prevention and fighting systems, information networks, telecommunications services, etc.
Currently, phase 1 of Rach Bap Industrial Park is occupied by nearly 100%. Having an area of 189 hectares, it has 83 investment projects (including 23 domestic projects (DDI) and 60 FDI projects) with a combined registered capital of 5,683 billion VND (of which DDI investment capital is 1,407 billion VND, and FDI investment is 4,276 billion VND equivalent to 192 million USD). An Dien Industrial Joint Stock Company is building the second phase, expanding by 360 hectares, bringing the total area of this park to 639 hectares.
Currently, preparations are being made to invest in infrastructure and essential works to welcome investments in factories in phase 2.
Business lines
- Agroforestry products, rubber products;
- Clothing industry;
- Fine art wood for export, office equipment;
- Light industries such as children’s toys, textiles (not dyed), leather and footwear (without tanning);
- Electrical, machinery manufacturing, equipment and spare parts;
- Mechanical engineering industries, machinery repair, construction mechanics;
- Civil plastic products, and household tools.
Investment incentives
Investment activities in this industrial park are exempted from CIT for 2 years and further, reduction in CIT by 50% is applicable for the next 4 years for investors beginning new projects.
Enterprises operating in the industrial park
Including Peng Yuan Vietnam Co. Ltd., Jia Bao Vietnam Co. Ltd., The South River II Enterprise Co. Ltd., and Yuu Yuu Wood Industry Co. Ltd.
5. Viet Huong Industrial Park 2
Scale of the park
Viet Huong 2 Industrial Park was built by Viet Huong Development Investment Joint Stock Company. This industrial park officially came into operation in 2007 over a scale of 250 hectares and an investment capital of 270 billion VND.
Geographical location
Viet Huong 2 Industrial Park is located at Hamlet 2, An Tay Commune, Ben Cat Town in Binh Duong Province
- about 45 km from Tan Son Nhat airport,
- about 35 km from Tan Cang port,
- about 8 km from National Highway 13,
- about 20 km from Song Than Station;
- and 45 km from Ho Chi Minh City.
Land rental price
The total area of industrial land for lease in Viet Huong 2 Industrial Park is 168.59 hectares, of which the area already subleased is 23.44 hectares, reaching an occupancy rate of 73.22%. Currently, the demanded lease price is 38 USD/m2.
Business lines
- Textile, dyeing, garment, tanning, leather and shoe;
- Electricity, electronics, machinery manufacturing, mechanical engineering, machine repair, construction mechanics, equipment and spare parts;
- Building materials, ceramics, household furniture, metal and plastic, household tools, office equipment;
- Product processing plants, forestry and fisheries.
Investment incentives
Investment activities in this industrial park are exempted from CIT for 2 years and further, reduction in CIT by 50% is applicable for the next 4 years for investors beginning new projects.
Enterprises operating in the industrial park
Including Linxin Vietnam Co. Ltd., Yabes Furniture Co. Ltd., Yi Sheng Vn Leather Co. Ltd., Ridong Vietnam Food Co. Ltd., and Crest Asia Co. Ltd. (Vietnam).
Find out full series Overview of industrial zones in Binh Duong province with [Part 1] – [Part 2].
