Bac Dong Phu Industrial Park - Binh Phuoc Province

Bac Dong Phu Industrial Park (Bac Dong Phu IP) stands out as a beacon for investors, distinguishing itself from other industrial parks in Binh Phuoc province. Boasting an environment conducive to productivity and an array of amenities for businesses, Bac Dong Phu IP is garnering increasing attention from both domestic and international investors.

What sets Bac Dong Phu IP apart? To delve into its distinctive features, join TTTFIC in exploring the comprehensive information outlined in the following article!

I. Overview of Bac Dong Phu Industrial Park

1. Legal Information about Bac Dong Phu Industrial Park

Bac Dong Phu IP, initially planned for 250 hectares, gained approval in the Development Plan for Vietnam’s Industrial Parks until 2015 by Decision No. 1107/QD-TTg on August 21, 2006. However, this area was later adjusted to 200 hectares as per Official Dispatch No. 575/TTg-KTN on April 21, 2008. The detailed construction planning project, approved on September 1, 2009, by the People’s Committee of Binh Phuoc province at a 1/2000 scale, encompassed 183,8 hectares.

Subsequent adjustments followed Decision No. 1921/QD-UBND on September 27, 2012, and No. 318/QD-UBND on February 9, 2015. This involved the integration of the North Dong Phu Trade and Service Center into the Bac Dong Phu IP. A further adjustment occurred on April 19, 2016, converting a portion of industrial land into commercial and service land, resulting in a planned area of 189 hectares. This area is divided into two adjacent zones:

The total industrial land available for lease in the Industrial Park is approximately 136 hectares.

2. Information about Investors

Bac Dong Phu IP is invested in by Bac Dong Phu Industrial Park Joint Stock Company. The company, located in Bau Ke Quarter, Tan Phu Town, Dong Phu District, Binh Phuoc Province, specializes in investing in the construction and operation of industrial park and residential service area infrastructures. Apart from managing industrial park infrastructure, the company is engaged in various projects, including Nam Dong Phu Industrial Park, Dong Phu Rubber Residential Area in Tan Phu Ward, Dong Xoai Town, and Tien Hung Residential Area in Tien Hung Commune, Dong Xoai Town, Binh Phuoc Province.

3. Investment Situation

As of now, Bac Dong Phu IP has attracted 69 investors, covering a leasing area of 136 hectares. Among them, nine are foreign investors from countries such as Taiwan, India, Hong Kong, and Korea. The total investment capital for the project is 227 billion VND, and it is expected that the complete industrial park infrastructure will be invested in and built within the next five years.

Bac Dong Phu IP, along with others in Binh Phuoc province, including Dong Xoai I Industrial Park, Dong Xoai III Industrial Park, Becamex – Binh Phuoc Industrial Park, Nam Dong Phu Industrial Park, collectively contributes to creating a foundation for Binh Phuoc province’s transformation into a modern industrial hub.

4. General Assessment

With its strategic location, diverse scale, and robust support from reputable investors, Bac Dong Phu IP is poised to become a pivotal force in advancing regional economic development, fostering business infrastructure, and propelling urbanization in neighboring provinces and regions.

II. Location of Bac Dong Phu Industrial Park

Bac Dong Phu IP is situated in Tan Phu town, Dong Phu district, and a portion of land in Tien Hung commune, Dong Xoai town, Binh Phuoc province. Its strategic location positions the industrial park as an ideal destination for businesses seeking a favorable environment and convenient transportation.

1. Transport Links and Distances to Neighboring Areas

• Ho Chi Minh City: 92 km
• Thu Dau Mot City – Binh Duong: 70 km
• Dong Xoai Town – Binh Phuoc: 8 km

2. Sea Ports

• Tan Cang – Cat Lai Port: 106 km
• Tan Cang – Cai Mep Port: 138 km
• Thanh Phuoc port: 66 km

3. Airports

• Tan Son Nhat International Airport: 93 km
• Long Thanh International Airport: 114 km

4. Stations

• Bien Hoa Station: 81 km
• Song Than Station: 81 km

With its favorable geographical location and a modern transportation network, Bac Dong Phu IP is poised to attract businesses and investors looking to leverage the area’s business potential.

III. Infrastructure of Bac Dong Phu Industrial Park

Bac Dong Phu IP garners attention not only for its economic development potential but also for its fully invested and built infrastructure, equipped with modern and convenient facilities.

1. Traffic System

The industrial park boasts a convenient transportation system connected by a well-established network. Central roads link to DT741 road, serving as the main traffic artery, facilitating the movement of goods and labor.

2. Electric Supplying System

To ensure a stable power supply for businesses, the high voltage grid from DT741 is currently in use. Future plans include constructing a separate 110/22KV intermediate transformer station for the industrial park, establishing a robust foundation for production and business activities.

3. Drainage System

The drainage system in Bac Dong Phu IP is designed to be effective, contributing to environmental protection.

4. Clean Water Supply System

Initially, water was sourced through drilled wells. In the future, the industrial park will transition to using the province’s water supply system, ensuring a stable and sustainable water source.

5. Wastewater Treatment System

Wastewater after treatment meets environmental discharge standards, contributing to the cleanliness of the surrounding area.

6. Communication Systems

The industrial park ensures effective communication through a convenient system.

• Phone Service: The area will be connected to the central switchboard of Dong Phu Post Office or Dong Xoai town, ensuring convenient phone use for work and communication.

Combined with the economic development potential of Binh Phuoc province, Bac Dong Phu IP not only stands out as an attractive destination for businesses but also provides a favorable and convenient working environment for both workers and businesses.

IV. Industries Attracting Investment in Bac Dong Phu Industrial Park

Bac Dong Phu IP has rapidly gained prominence due to its appeal in attracting both domestic and foreign businesses for investment across various industries and fields. Some key sectors that this industrial park focuses on for development include:

• Mechanics and manufacturing
• Electronic and electrical industry
• Information technology industry
• Pharmaceutical
• Textile and garment industry
• Building materials
• Consumer goods manufacturing industry
• And more…

With a strategic emphasis on diverse and promising industries, Bac Dong Phu IP is gradually becoming an attractive destination for investors and businesses aiming to expand their production and business activities in this region. Simultaneously, it opens up numerous job opportunities for residents of Binh Phuoc province and neighboring areas.

V. Investment Incentives of Bac Dong Phu Industrial Park

In addition to its advantages and outstanding development potential, attractive investment incentive policies contribute significantly to Bac Dong Phu IP ability to attract diverse investment sources from businesses.

Specifically, investors in Bac Dong Phu IP can enjoy preferential regimes such as:

1. Corporate Income Tax Incentives:
   • Apply a preferential corporate income tax rate of 17% for a period of 10 years.
   • For the first 2 years from the start of taxable income, 100% tax exemption is granted.
   • In the subsequent 4 years, there is a 50% reduction in the tax payable.
2. Land Rent Policies:
   • The industrial park pays annual land rent to the state, relieving the burden of these costs from the land leasing company, distinguishing it from other industrial parks.
3. Administrative Procedure Support:
   • Industrial parks provide support to investors in carrying out administrative procedures related to investment, accompanied by reasonable and attractive land rental policies.

These incentives create a favorable environment for businesses, fostering growth and development within Bac Dong Phu IP. The comprehensive approach to attracting investment, coupled with strategic industry focus, positions the industrial park as a hub for economic activities in the region.

VI. Investment Costs in Bac Dong Phu Industrial Park

Bac Dong Phu IP captures the attention of investors due to its advantageous geographical location and business-friendly environment. It stands as a promising destination for businesses seeking investment opportunities in the industrial sector.

Below is a list of costs associated with investing in Bac Dong Phu IP that customers can reference:

Note: The above fees do not include VAT.

With the provided cost table as a reference, businesses or investors in need of renting land or a factory can contact the Bac Dong Phu IP Project Management Board. They can directly continue to survey the production conditions.

VII. Labor Resources and Labor Costs

With the outstanding advantages that the Bac Dong Phu IP brings, it is not surprising that the industrial park can attract workers from all over the region to come here to live and work.

In addition, the large, well-trained local human resource also helps businesses and investors in the Bac Dong Phu IP to recruit a quality workforce to meet production needs. doing business in industrial parks.

In short, Bac Dong Phu IP not only brings a favorable business environment but also pays special attention to environmental protection and the quality of life of the community. Thereby also contributing to creating job opportunities for residents living in Binh Phuoc province as well as surrounding areas.

And hopefully with the information compiled through the above article, businesses and investors can make the right decisions for their development strategy when investing in Bac Dong Phu IP.