[Binh Phuoc] Minh Hung III Industrial Park – Binh Long Rubber

Overview of Minh Hung 3 Industrial Park project

Minh Hung 3 Industrial Park was established in 2008, invested by Binh Long Rubber Industrial Park Joint Stock Company, with founding shareholders being member companies under the Vietnam Rubber Industry Group.

The industrial park was built with the criteria of becoming a standard industrial park project of Binh Phuoc province, environmentally friendly. To date, Minh Hung III industrial park has completed its infrastructure, attracting more than 20 domestic and foreign projects with an occupancy rate of more than 90%. Currently, the industrial park is expanding its phase 2 industrial park with an expanded area of about 577 hectares.

Project name: Minh Hung III Industrial Park – Binh Long Rubber

Location: Minh Hung commune, Chon Thanh district, Binh Phuoc province

Investor: Binh Long Rubber Industrial Park Joint Stock Company

Scale:

• Phase 1: 293.88 hectares
  Phase 2: 577 hectares

Construction start time: 2008

Project duration: Until 2058

Entrance gate to Minh Hung III Industrial Park project

Project location of Minh Hung 3 Industrial Park

Minh Hung III Industrial Park is located in Minh Hung commune, Chon Thanh district, Binh Phuoc province.

• East: adjacent to Highway 13.
• West: adjacent to rubber road.
• South: adjacent to residential road.
• North: adjacent to the road to Dong No industrial park.

Project location of Minh Hung 3 Industrial Park

The project is located in the southern key economic region with a smooth transportation system:

• National Highway 13 goes to Ho Chi Minh City and to Cambodia.
• National Highway 14 connects with the Central Highlands provinces
• When the Ho Chi Minh Highway is completed, it will connect with the southwestern provinces
• In particular, the Trans-Asia railway project will open up many prospects for goods exchange not only for Binh Phuoc province but also for the entire Southeast region.

Infrastructure of Minh Hung III Industrial Park

• Spindle system:
  The main traffic axis in the East-West direction includes 6 lanes and is 51 m wide
  The main traffic axis in the North-South direction includes 4 lanes and is 39 m wide
• Internal transportation system:
  The internal road system has 2-4 lanes, 24 m – 28 m wide

Communications

ADSL internet telecommunications, modern telephone (service providers: VNPT and Viettel Binh Phuoc)

Current status of land use planning in Minh Hung 3 Industrial Park

Functional subdivision phase 1:

• Total area: 292.74 hectares
• Land for factory construction: 206.87 hectares
• Land for warehouses and yards: 5 hectares
• Administrative and service center area: 6.46 hectares
• Roads: 33.87 hectares
• Technical construction land: 5.93 hectares
• Green area: 34.61 hectares

Planning diagram of Minh Hung III project

Priority areas to attract investment

• Textile.
• Wood processing technology, shoes, interior decoration.
• Producing high-tech rubber, cosmetics, pharmaceuticals, etc.
• Technical & high-tech industry.
• Mechanical assembly and machine manufacturing.
• Electricity, electronics, telecommunications,  information technology.
• Construction materials: glass production, ceramics, etc.
• Agricultural food: production and processing of agricultural products, aquatic products, handicrafts, etc.
• Consumer goods manufacturing industries

Chính sách ưu đãi đầu tư

Corporate income tax

• 15 years from the start of business operations – Tax 17%
• Subsequent years – Tax 20%
• Exemption from corporate income tax for 02 years from the date of taxable income & 50% reduction of tax payable for the next 04 years.
• A number of other incentives apply according to Decision No. 01/2016/QD-UBND dated January 7, 2016 of the People’s Committee of Binh Phuoc province

Import and export tax

• Exemption from import and export tax for:
  Goods are machinery, equipment, and specialized vehicles to create fixed assets
  Raw materials and supplies to produce exported goods
  Construction materials cannot be produced domestically
• Export tax exemption for goods produced for export

Value Added Tax (VAT)

• VAT applies to goods & services consumed in Vietnam & is collected through production, trade & distribution of services
• The applicable tax rate is 0%; 5% & 10%
• A tax rate of 0% applies to the export of certain goods & services, including goods & services provided to export processing zones.

Bản đồ quy hoạch dự án

Download high quality project planning diagram file: Link

Evaluation of Minh Hung 3 Industrial Park project

Modern industrial park infrastructure right from the start of construction;

Strategic location along National Highway 13 – the main traffic axis plays an important role in regional economic development, directly connecting National Highway 13 (60m wide) with the main road into the industrial park (N11 ) is 51m wide and National Highway 14 creates a complete traffic system, convenient for transporting goods;

The project is located in a key economic region with abundant labor resources, close to raw material sources, enjoys many tax exemption and reduction policies in investment incentives, and low land rental prices… Create a strong impression to convince investors.

Free investor support service:

• Register to establish a company
• Register for accounting regime & customs procedures
• Procedures for applying for an investment certificate
• Register to build a factory

Vietnam Property Hub service

With a staff of many years of experience in the field of project investment implementation, with industrial park management boards, with project investors, serving many domestic and foreign investors, Việt Nam Property Hub offers the following services:

• Investment promotion (land, factories) in industrial parks, industrial clusters and commercial and service land, …
• Legal support & Investment consulting in fields related to industrial real estate.
• Connecting industrial real estate investment cooperation.

Contact for consultation