Becamex VSIP Binh Dinh Industrial Park

Overview of Becamex VSIP Binh Dinh Industrial Park:

Becamex VSIP Binh Dinh Industrial Park is located in the Nhon Hoi Economic Zone, specifically in Canh Vinh Commune, Van Canh District, Binh Dinh Province.

It is a collaborative project between Binh Duong and Binh Dinh provinces, established as an Industrial Park and Integrated Township under the Economic-Social Development Cooperation Agreement for the period from 2017 to 2021.

The industrial park is strategically positioned in the center of the South Central Coast key economic region. It has been meticulously planned to adhere to environmental and sustainable criteria, providing a competitive advantage and comprehensive solutions for investors.

The development of The Industrial Park is divided into two phases.

• Phase I, from the fourth quarter of 2020 to 2022, involves the simultaneous development of 238.6 hectares of land, with 58.22 hectares allocated for the industrial park and 180.38 hectares for residential and urban areas.
• Phase II, spanning from 2022 to 2024, focuses on the development of 438.61 hectares, with the industrial park covering 343.8 hectares and the remaining 94.81 hectares designated for residential and urban purposes.
• The total investment capital for the project exceeds 3,333 billion VND.

Overall, Becamex VSIP Binh Dinh Industrial Park aims to contribute to the economic and social development of Binh Dinh province, while also fostering the growth of the Nhon Hoi Economic Zone. It offers a promising environment for investment, supported by its strategic location, transportation infrastructure, and favorable incentives.

An overview perspective of Becamex VSIP Binh Dinh Industrial Park – TTTFIC Group

Competitive advantage:

Scale:

Becamex VSIP Binh Dinh Industrial Park covers a vast area of 1,425 hectares, providing ample space for industrial development.

Strategic Location:

• The industrial park is strategically located in the heart of the key economic region of South Central Coast.
• It offers convenient transportation options, saving time and facilitating smooth operations for businesses.
• It is also in close proximity to Quy Nhon city, boasting a 134-kilometer-long coastline, which provides opportunities for relaxation and enhances work efficiency.

Transportation Infrastructure:

• The industrial park has excellent connectivity, being located 10 kilometers from National Highway 1A and having convenient access to National Highway 19C and the North-South Railway.
• Additionally, the 13-kilometer-long provincial road DT638 links the industrial park to Quy Nhon city.
• These transportation links make the industrial park a hub for trade, transit, and economic development exchanges with various regions.

Prime Minister Pham Minh Chinh visited the Becamex VSIP Binh Dinh Industrial Park – TTTFIC Group

Investment Incentives:

• The Industrial Park offers attractive incentives to investors.
• The advantages for investors in The Industrial Park are:
  – 10% preferential corporate income tax rate for the first 15 years.
  – Exemption from corporate income tax for the initial 4 years.
  – 50% reduction in corporate income tax for the subsequent 9 years.
• These incentives aim to encourage investment and facilitate business growth.

Diverse Industries:

The industrial park attracts investments in a wide range of sectors. The industrial park divide investment industries into three areas:

• Zone 1 for industries such as electrical and electronic manufacturing, machinery production, and information technology.
• Zone 2 for food processing, animal husbandry, construction materials, and granite.
• Zone 3 for industries like plastics, rubber, textile, and garment manufacturing.

Overall, Becamex VSIP Binh Dinh Industrial Park offers a favorable business environment, robust infrastructure, strategic location, and attractive incentives, making it an ideal destination for investors seeking to establish or expand their operations.