Chon Thanh 1 Industrial Park - Binh Phuoc Province

Chon Thanh 1 Industrial Park: Driving Economic Development in Binh Phuoc Province

Chon Thanh 1 Industrial Park (Chon Thanh I Industrial Park) plays a crucial role in the economic development of Binh Phuoc province, contributing significantly to the overall growth of the country. This industrial park not only fulfills the production needs of businesses but also stands out as a prime location attracting diverse investment industries, particularly those that prioritize environmental sustainability.

For more detailed information about this industrial park, please follow our article below!

I. Overview of Chon Thanh 1 Industrial Park in Binh Phuoc

Chon Thanh I Industrial Park, situated in Chon Thanh, has received approval from the Ministry of Construction for its detailed planning in Phase I, as per Decision No. 283/QD-BXD dated February 24, 2004.

The operational entity, Chon Thanh Industrial Park Infrastructure Construction Investment Joint Stock Company, holds Investment Certificate No. 4403000008 issued on December 10, 2001.

While Chon Thanh I Industrial Park entered the scene relatively late compared to other projects in Binh Phuoc province, its rapid completion has been noteworthy. Benefiting from the significant industrial center of Binh Phuoc province, the Industrial Park has achieved breakthroughs in industrial economic efficiency and the implementation of innovative industrial park models.

1. Scale of the Industrial Park

Chon Thanh I Industrial Park encompasses a total area of 120 hectares, boasting a construction density exceeding 60%. The industrial park holds an operational tenure of 50 years, spanning from 2004 to 2054. By the year 2020, the occupancy rate had reached 100%.

The detailed breakdown of land use within the industrial park includes:

• Administrative, service, and industrial park management land: 6 hectares.
• Industrial land for rent: 73,47 hectares.
• Green land: 11,73 hectares.
• Technical infrastructure land: 3 hectares.
• Traffic land and parking lot: 17,8 hectares.
• Leased area: 20 hectares.

II. Geographical Location of Chon Thanh 1 Industrial Park in Binh Phuoc

Chon Thanh I Industrial Park is situated in Thanh Tam commune, Chon Thanh district, Binh Phuoc province, Vietnam. The industrial park holds significant development and economic potential, enriched by its abundant natural resources and essential infrastructure.

Merely 41 km from the bustling economic center of Dong Xoai City, the industrial park boasts a strategic location. The boundaries of the industrial park are defined as follows:

• To the East: Borders Highway 13.
• To the West: Borders the service area and worker housing of Binh Phuoc Industrial Park – Taiwan.
• To the South: Borders the provincial road connecting Binh Duong and Binh Phuoc.
• To the North: Borders National Highway 6, leading to National Highway 13.

Chon Thanh I Industrial Park is strategically positioned along key traffic routes, including:

• 0.2 km from National Highway 13.
• 6.1 km from National Highway 14.
• 18 km from My Phuoc – Tan Van Expressway (Ring 3).

In addition to its proximity to major national highways, the industrial park is well-connected to routes linking the Ho Chi Minh Highway to the Central Highlands and provincial roads. This positioning signifies Chon Thanh I Industrial Park as an ideal investment destination.

1. Intersection of Strategic Location and Economic Potential

Chon Thanh I Industrial Park serves as a crucial link to vital locations such as:

• From Ho Chi Minh City Center: 70 km.
• From Dong Xoai City Center – Binh Phuoc: 41 km.
• From Thu Dau Mot City Center – Binh Duong: approximately 47 km.
• Distance to Song Than Station: 65 km.
• From Tan Son Nhat International Airport: 76 km.
• Around 15 km from Becamex – Binh Phuoc Industrial Park.
• 125 km from Cai Mep Port.
• 86 km from Cat Lai Port.
• 74 km from ICD Phuoc Long Port.

With its advantageous geography and robust transportation network, Chon Thanh I Industrial Park not only fulfills the production and business needs in the area but also presents boundless investment and development opportunities for large investors in the project.

III. Infrastructure of Chon Thanh 1 Industrial Park

Chon Thanh I Industrial Park places significant emphasis on its infrastructure, aiming to create favorable conditions for production and business activities. The investor has focused on optimizing infrastructure development to enhance the quality of life and support sustainable development in the industrial park. Key features include:

1. Diverse Transportation System

• Chon Thanh I Industrial Park strategically located along National Highway 6, connected to National Highway 13, ensures a convenient transportation system. This facilitates the efficient movement of goods and resources within the park and to other areas.

2. Stable Power Supply System

• The industrial park has established a large-scale power plant, converting between 110/22kV, ensuring a stable power supply. This robust system prevents interruptions in business operations due to power shortages and caters to future expansion needs.

3. Effective Water Management System

• The park utilizes underground water supply stations to address water supply challenges. An effective water management system guarantees a clean and stable water supply for both production activities and daily life within the industrial park.

4. Public Utilities

• The industrial park allocates areas for public amenities, including restaurants, post offices, banks, entertainment venues, and cultural and recreational spaces. This comprehensive approach ensures the well-being of residents and workers.

The integration of outstanding infrastructure and attention to various aspects of business and workers’ lives makes the industrial park an impressive and ideal destination. It provides an excellent workspace for businesses seeking a sustainable development environment and offers safe and reliable projects. Additionally, it contributes to the overall development of the Binh Phuoc region and the country.

IV. Industries Attracting Investment in Chon Thanh 1, Binh Phuoc

Chon Thanh I Industrial Park stands out as a promising investment center in the Vietnamese development landscape, drawing the interest of domestic and foreign businesses and investors. With a favorable geographical location and modern infrastructure, the industrial park has cultivated a dynamic and thriving business environment. Key industries that have left a significant impact include:

• Electromechanical machine manufacturing and assembly industry.
• Wood processing industry with an export focus.
• Agricultural, forestry, and animal feed processing industry.
• Leather shoe manufacturing industry.
• Textile manufacturing industry.
• Handicraft manufacturing industry.
• Warehousing.

With its diverse and attractive industries, along with its appeal for investment and development, Chon Thanh I Industrial Park is increasingly establishing its position on the international business map. It provides favorable conditions for businesses to grow and positively contributes to the economic growth of Binh Phuoc province.

V. Investment Incentives in Chon Thanh 1 Industrial Park

Chon Thanh I Industrial Park has emerged as a leading development center in the industrial sector of Binh Phuoc province. It not only captures the attention of numerous domestic and foreign businesses but is also considered a reliable investment destination. In addition to leveraging abundant land resources and a well-connected transportation network, the Industrial Park offers attractive tax incentive policies, including:

1. Land Rents

Chon Thanh I Industrial Park implements a preferential land rental policy, applying a rate of 0,3% per year on the land unit price based on the designated purpose of the leased land, as issued by the Provincial People’s Committee. There is also a 50% reduction in land use fees. Furthermore:

• Businesses benefit from a 7-year exemption from land rent.
• For fields with investment incentives, the exemption period extends to 11 years.
• For fields with special investment incentives, businesses enjoy a 15-year exemption from land rent.

2. Corporate Income Tax

Investors in Chon Thanh I Industrial Park are entitled to incentives in corporate income tax, with a tax rate of 20% applied for the initial 10 years, starting from the commencement of business operations.

VI. Investment costs in Chon Thanh 1 Industrial Park, Binh Phuoc province

Below, TTTFIC would like to send you the investment costs of Chon Thanh I Industrial Park, Binh Phuoc province, specifically as follows:

VII. Labor Resources and Labor Costs

Chon Thanh I Industrial Park, in addition to its prime geographical location and interconnected transportation system linking key economic regions, boasts a significant scale and high occupancy rate. This has transformed the industrial park into a hub attracting a substantial workforce and experts. Consequently, there is a heightened demand for accommodation, services, and products in the adjacent real estate areas, resulting in a lively and vibrant real estate market.

Projects featuring competitive prices, attractive frontages, modern designs, and advanced infrastructure are particularly appealing to investors, workers, and professionals choosing to work at Chon Thanh I Industrial Park. The industrial park investor actively supports businesses, not only in the execution of investment procedures but also through various services during project implementation. The robust soft infrastructure further distinguishes Chon Thanh I Industrial Park, contributing to its attractiveness to both workers and investors, thereby fostering the economic development of the industrial park.

VIII. Economic Value in Chon Thanh 1 Industrial Park

Despite the passage of many years and the emergence of new industrial parks, Chon Thanh I Industrial Park continues to experience demand for the rental of industrial park land and factories from numerous businesses seeking to expand their operations. Consequently, the industrial park has generated thousands of job opportunities for local workers, alleviating unemployment and enhancing community income.

Through this information sharing, TTTFIC aims to provide a comprehensive understanding of Chon Thanh I Industrial Park. With its competitive prices, diverse nearby amenities, favorable investment support policies, and strategic geographical location, Chon Thanh I Industrial Park remains a compelling investment prospect for businesses. Despite the emergence of new industrial parks, it is poised to establish itself as the most developed business environment in the Binh Phuoc region and the entire country.