Becamex Binh Phuoc Industrial Park - Binh Phuoc Province

Becamex Binh Phuoc Industrial Park (Becamex Binh Phuoc IP) stands as one of the prominent industrial parks situated in the country’s leading economic zones, designed in the model of integrated industrial, service, and urban complexes. With a robust infrastructure system and a comprehensive investment environment, this industrial park holds significant potential for development, making it an ideal investment destination with promising returns for investors. To delve deeper into the specifics of Becamex Binh Phuoc IP, continue reading this article by TTTFIC.

I. Overview of Becamex Binh Phuoc Industrial Park

Becamex Binh Phuoc IP was strategically included in the National Industrial Park development planning, as outlined in Official Dispatch No. 1019/TTg-KTN on July 3, 2008, by the Prime Minister. The detailed planning of Becamex Binh Phuoc IP gained approval from the Binh Phuoc Provincial People’s Committee through Decision No. 2793/QD-UBND on December 22, 2008. This industrial park has garnered significant acclaim from experts for its advanced infrastructure techniques and modern urban development.

BECAMEX IDC CORP, the infrastructure investor, was granted Investment Certificate No. 44221000072 on December 29, 2008, adhering to European standards and benefitting from the expertise of engineering professionals from Japan and Singapore.

Becamex Group, the parent company, established in 1976, is a multi-sector private corporation with a robust presence in various fields such as finance, securities, insurance, construction, banking, commerce, real estate, health care, education, and mineral mining.

With a substantial land bank and formidable economic investment capacity, Becamex Binh Phuoc IP continues to exhibit its strength in both Vietnamese and international markets.

1. Industrial Park Scale

• Total investment capital in industrial infrastructure: VND 2.932.471.000.000.
• Project implementation capital contribution: VND 400.000.000.000.
• Total planning area: 1.993 hectares.
  • Natural land Industrial Park: 1.993 hectares.
  • Administrative, service, and management land: 73,1 hectares.
  • Industrial land for rent: 1.393,84 hectares.
  • Green land: 201,15 hectares.
  • Land for technical infrastructure construction: 30,93 hectares.
  • Land for construction of the transportation system: 209,6 hectares.
  • Land for warehouse construction: 83,95 hectares.
• Hard ground at an altitude of 28 – 32 meters above sea level, resulting in a 30% reduction in construction costs for investors.

II. Geographical Location of Becamex Binh Phuoc Industrial Park

Becamex Binh Phuoc IP strategically sits in Minh Thanh and Thanh Tam communes, Chon Thanh district, Binh Phuoc province. Positioned at the crossroads of National Highways 13, 14, and Ho Chi Minh Road.

Becamex Binh Phuoc IP location is noteworthy, bordered by:

• South: An Long commune, Ben Cat district, Binh Duong province.
• North, West, and East: Connected to residential areas within the Industrial Park.

Situated in a prime location, surrounded by key arteries like National Highway 13, National Highway 14, DT741, and DT742, the park facilitates vital trade connections between Southeast provinces and the Southern Central Highlands. It is adjacent to the southern key economic quadrangle, including Ho Chi Minh City, Binh Duong, Dong Nai, Ba Ria Vung Tau on Highway 14. Moreover, through Hoa Lu international border gate, businesses in the Industrial Park can conveniently engage in trade with neighboring ASEAN countries like Cambodia, Laos, Myanmar, Thailand, etc. Becamex Binh Phuoc IP enables quick access to:

1. Central Administrative Centers

• Ho Chi Minh City: 80 km.
• Thu Dau Mot City – Binh Duong: 57 km.
• Dong Xoai City – Binh Phuoc: 32 km.

2. Sea Ports

• Tan Cang – Cat Lai Port: 96 km.
• Tan Cang – Cai Mep Port: 135 km.
• ICD Phuoc Long: 84 km.

3. Airports

• Tan Son Nhat International Airport: 86 km.
• Long Thanh International Airport: 111 km.

4. Train Stations

• Bien Hoa Station: 77 km.
• Song Than Station: 75 km.

The province is actively promoting significant transportation projects like the Trans-Asia Railway, My Phuoc – Tan Van expressway, and Saigon – Loc Ninh railway. These initiatives enhance the Industrial Park’s ability to connect culturally and economically with neighboring areas.

III. Infrastructure of Becamex Binh Phuoc Industrial Park

Becamex Binh Phuoc IP boasts a comprehensive, modern, and advanced infrastructure system, meeting the demands of both domestic and foreign investors.

1. Traffic System

The transportation network includes National Highway 13, National Highway 14, main roads, and inter-zone roads. Well-designed intersections on roads BN1, DT1, and DT29, with a safe radius of 60 meters, facilitate secure traffic flow.

The off-site transportation system provides economic development opportunities, surrounded by major arterial routes, streamlining the transportation and import-export processes.

2. Electric Supply System

Drawing power from the national grid through the 110KV high voltage line from Thac Mo hydroelectric plant and Tan Dinh 500/220/100KV transformer station. Two 110/22KV transformer stations within the industrial park ensure stable production for businesses.

3. Water Supply and Drainage System

• Water Supply: Initially sourced from groundwater or other natural sources, later transitioning to a water plant using Be River or Phuoc Hoa Lake water.
• Wastewater Drainage: Treated water consistently meets Vietnam’s environmental protection standards.

4. Communication Systems

The communication system, linked to Chon Thanh district’s central post office, caters to the region’s communication needs. A meticulously designed telecommunications system with fiber optic cables ensures stable domestic and international communication.

IV. Industries Attracting Investment in Becamex Binh Phuoc Industrial Park

Becamex Binh Phuoc IP distinguishes itself among industrial parks in Binh Phuoc province by prioritizing high technology, clean technology, and environmental friendliness. This focus makes it an attractive destination for the following key industries:

• Machinery, Household Electronics, and Industrial Electronics:
  • This sector covers the manufacturing and assembly of machinery and various types of electronics, both for household and industrial use.
• Processing Agricultural and Forestry Products, Grains, and Food:
  • Becamex Binh Phuoc Industrial Park supports the processing of agricultural and forestry products, grains, and food items. This encompasses activities such as milling, refining, and packaging.
• Electronics and Information Technology, Telecommunications, and Broadcasting:
  • With a commitment to cutting-edge technology, the park is a hub for electronics, information technology, and telecommunication industries, including broadcasting.
• Machinery Manufacturing and Auto Parts Manufacturing:
  • The park encourages the manufacturing of machinery and auto parts, catering to the growing demand in these sectors.
• Glass, Ceramic, and Crystal Industry:
  • Becamex Binh Phuoc IP facilitates the production of glass, ceramic, and crystal products, contributing to the development of these specialized industries.
• Steel Production:
  • The park supports steel production, playing a role in the metalworking and construction sectors.
• Production of Industrial Paints and Industrial Gases:
  • Industries related to the production of industrial paints and gases find a suitable environment in Becamex Binh Phuoc IP.

V. Investment Costs in Becamex Binh Phuoc Industrial Park

Becamex Binh Phuoc IP stands out as the preferred choice for investors in the industrial sector due to its well-developed infrastructure and advantageous geographical location. Below are some noteworthy investment costs that businesses should consider:

VI. Investment Situation at Becamex Binh Phuoc Industrial Park

At Becamex Binh Phuoc IP, the project management board remains committed to supporting investors, ensuring stable and effective production activities. Comprehensive customer support services include consultation and assistance for investors in preparing documents for investment and business certificates. Recruitment programs are initiated to foster connections between businesses and a high-quality workforce. This approach has led to the attraction of a significant number of both domestic and foreign investors, contributing substantial value to the economy of Binh Phuoc province and Vietnam as a whole.

As of the fourth quarter of 2019, Becamex Binh Phuoc IP has successfully attracted over 22 investment projects with a cumulative investment capital of nearly 450 million USD. Notable investors include CP Group (Thailand), Hankuk Carbon Company (Korea), Public Industrial Company (China), Leoch Company (Taiwan), and STR Company (Japan).

In 2020, the industrial park saw 24 investment projects being granted Investment Certificates, totaling a registered capital exceeding 412 million USD. The year 2020 also witnessed 13 projects commencing production, with three projects considered key initiatives for the province. The current occupancy rate of the industrial park stands at 30%, and it is anticipated to reach 100% of the leased land area in the near future.

VII. Labor Source and Labor Costs at Becamex Binh Phuoc Industrial Park

Becamex Binh Phuoc IP has been meticulously planned and constructed with the aim of fostering local development and delivering tangible value to the community. The industrial park boasts a well-connected transportation infrastructure system, optimizing accessibility to neighboring provinces and cities, resulting in a steady influx of labor from across the country.

Furthermore, the industrial park not only invests significantly in high-quality infrastructure but also addresses the personal and daily needs of its working community. Initiatives such as social housing, green parks, and shopping centers contribute to the synchronous development of the entire area, catering to the needs of workers and local residents.

As of 2021, the province is estimated to have approximately 673.000 working-age individuals, with 87% of the workforce possessing a university degree or higher. This ensures a pool of high-quality human resources with advanced education levels and skills suitable for various fields of work. Despite the high quality of the workforce, labor costs remain relatively low, making it an economically attractive option for businesses.

VIII. Summary

With strengths in connected transportation, modern infrastructure, and a strategically advantageous geographical location, Becamex Binh Phuoc IP continues to thrive. The industrial park creates employment opportunities for regional workers and plays a pivotal role in attracting investment, and promoting industrial zone development throughout Binh Phuoc province.

Becamex Binh Phuoc IP not only fulfills investor needs but also establishes a safe, convenient, and highly effective production environment, generating significant economic value. This instills growing confidence among businesses in the industrial park. The strategic location and clear investment and development policies position the industrial park as a robust gateway for domestic and international trade, fostering economic development in the region and the country.

Above is the information that TTTFIC provides to readers about Becamex Binh Phuoc IP. With its crucial strategic location, the industrial park swiftly became a prominent gateway for domestic and international exchanges. It promises to create the most developed business environment in the country with a well-defined investment and development policy.