Dong Xoai 1 Industrial Park - Binh Phuoc Province

Dong Xoai I Industrial Park (Dong Xoai I IP), stands as one of the largest industrial parks in Binh Phuoc province. Encompassing a vast area of over 153 hectares and boasting highly comprehensive infrastructure investments, Dong Xoai I IP is currently recognized as a pivotal project that presents numerous exceptional economic development opportunities for the province.

I. Overview of Dong Xoai I Industrial Park

Dong Xoai I IP is situated in Binh Phuoc province and officially commenced operations in 2006. With an impressive occupancy rate of 90%, the industrial park has become a focal point for both domestic and international investors.

Covering a sprawling 153,49 hectares, the park maintains a construction density of just over 50%, creating a spacious and well-ventilated environment that adheres to high-quality workspace standards.

Dong Xoai I IP specializes in industries such as electrical construction, road and bridge construction, wood exploitation and processing, and the production of construction materials and equipment. These industries prioritize safety and environmental consciousness, providing workers with a secure working environment.

The park has attracted significant investments from major domestic and foreign companies, including those from the United States, Korea, and Taiwan. The presence of these established entities, alongside promising future endeavors, solidifies the park’s status as an international business hub.

1. Legality of Dong Xoai I Industrial Park

Dong Xoai I IP was established in accordance with Decision No. 1107/QD-TTg dated August 21, 2006, issued by the Prime Minister, outlining the development plan for industrial parks in Vietnam until 2015 with an orientation to 2020.

The park’s legitimacy is reinforced by Official Dispatch No. 1624/TTg-KTN dated September 11, 2009, from the Prime Minister, which adjusts and supplements the planning of industrial parks in Binh Phuoc province. Additionally, Decision No. 2370/QD-UBND dated December 29, 2006, by the People’s Committee of Binh Phuoc province, approves the detailed planning project of Tan Thanh Industrial Park.

Investors can have complete confidence in their rights and safety when engaging with Dong Xoai I IP. The project’s investor is a reputable entity with clear and transparent records and legal documents, fostering a secure environment for production and business activities.

2. Scale of Dong Xoai I Industrial Park

The total planned area of Dong Xoai I IP spans 153,49 hectares, categorized as follows:

• Administrative construction, services, and industrial park management: 3,2 hectares.
• Industrial land for lease: 94,08 hectares.
• Green tree cultivation: 22,73 hectares.
• Technical infrastructure construction: 7,47 hectares.
• Transportation land: 26,01 hectares.
• Total leased land area: 34,6 hectares.

3. List of Companies Operating in Dong Xoai I Industrial Park

Several companies operate effectively within Dong Xoai I IP, including:

• Dong Phu Construction Company Limited.
• Phuc Thinh Production, Service and Trading Joint Stock Company.
• Auntex Co., Ltd. (Korea)
• Techseal-Daibinh Joint Venture Company (USA)
• KJ Glove Co., Ltd. (Korea)
• Taiwan Rattan Company Limited
• Huu Nghi Mechanical and Electrical Services Company Limited
• SG Vina Company Limited (Korea)

II. Location of Dong Xoai I Industrial Park – Binh Phuoc

The precise location of Dong Xoai I IP is in Tan Thanh commune, Dong Xoai town, Binh Phuoc province. The neighboring areas of the Industrial Park are defined as follows:

• To the East, it borders private rubber forests owned by households.
• To the West, it borders residential areas and land designated for rubber plantations.
• To the South, it borders rubber plantation land along the Dinh stream.
• To the North, it borders residential areas, services, and National Highway 14.

1. Advantages of Connectivity for Dong Xoai I Industrial Park

Dong Xoai I IP enjoys strategic connectivity advantages, linking to significant locations such as:

1. Administrative Centers:
   • The park features relatively flat terrain, ideal for construction projects. It is approximately 6km from the Industrial Park to Dong Xoai town, facilitating economic development.
   • Dong Xoai I IP is conveniently located about 2km from Dong Xoai III Industrial Park, fostering collaboration and cooperation.
2. Proximity to Major Cities:
   • The Industrial Park is roughly 110km from Ho Chi Minh City, allowing quick access through main traffic routes. It takes approximately 1 hour to reach prominent cities like Bien Hoa, Binh Duong, and Saigon.
   • The distance from Dong Xoai I IP to Thu Dau 1 City – Binh Duong is only about 79km, providing ample opportunities for exchange, interaction, and enhanced economic development.
3. Connectivity to Transportation Hubs:
   • Dong Xoai I IP is strategically positioned:
     • 147 km from Cai Mep seaport.
     • 181 km from Cat Lai seaport.
     • 108 km from Tan Son Nhat International Airport.
     • 126 km from Long Thanh International Airport.
     • 93 km from Bien Hoa station.
     • 97 km from Tsunami Station.

2. Advantages of Convenient Transportation

The convenient transportation options by road, rail, air, and sea enable the swift movement of goods from the Industrial Park to various destinations. The prime location also ensures proximity to diverse external amenities, including hospitals, schools, and markets:

• Close to hospitals such as K23 Clinic, Binh Phuoc Province General Hospital, Binh Phuoc Province Traditional Medicine Hospital, and Dong Xoai City Medical Center.
• Near the school system, ranging from elementary to high school, including Binh Phuoc Medical College.
• Proximity to markets such as Tan Thanh market, Bach Hoa Xanh supermarket, and convenience stores.

III. Infrastructure of Dong Xoai I Industrial Park

Dong Xoai I IP boasts a strategic geographical location, a well-connected transportation system, and comprehensive infrastructure.

1. Internal Traffic

• The internal road system within Dong Xoai I IP spans an impressive width of 25m, facilitating a 4-lane traffic setup. The flat asphalt surface is adorned with trees, lighting fixtures, and fire prevention posts along the roads.
• National Highway 14 acts as the primary traffic artery, linking with Main Road No. 1, connecting National Highway 14 to the Industrial Park. Within the area, travel is efficiently organized along routes 2, 3, 4, 5, and 7.

2. Electricity Distribution System

• Initially, the industrial park will draw power from the 110/22kv Dong Xoai station. Subsequently, a dedicated transformer station will be constructed for Dong Xoai Industrial Park. Plans include establishing closed-loop 22kv lines and setting up 5 low-voltage stations to supply power for road lighting.

3. Water Supply and Drainage System

• The first phase of the water supply system will utilize groundwater sourced from large-capacity drilled wells. In subsequent phases, the Dong Mango water supply plant will provide tap water. The industrial park plans to construct water towers to regulate water sources.
• Wastewater will undergo treatment using advanced technology. Post-treatment, the wastewater will meet permissible standards and be discharged into existing streams.

4. Communication Systems

• Dong Xoai I IP is equipped with a standard postal and telecommunications system, seamlessly connected to the telecommunications network of Dong Xoai town post office. Additionally, investors can access a private telecommunications network for their needs.

5. Fire Protection System

• A well-thought-out fire protection system is a top priority in Dong Xoai I IP. Strategically positioned along the park’s roads, fire hydrants, and well-trained firefighting personnel are prepared to respond swiftly to unforeseen situations.

6. Other Public Works

• The Dong Xoai I IP Management Board, in addition to planning factory constructions, also prioritizes the development of additional public facilities to cater to the needs of workers and employees. These include restaurants, post offices, banks, dining services, green spaces, parks, as well as sports and entertainment areas.

IV. Industries Attracting Investment in Dong Xoai I Industrial Park

Dong Xoai I IP is actively encouraging investment in the following industries:

• Light industry.
• Food and beverage industry.
• Perfume, cosmetics, and pharmaceutical industries.
• Electrical construction technology.
• Road construction.
• Industrial wood exploitation and processing.
• Production of construction materials and equipment.
• Mechanical industry and production.
• Food processing industry.
• High-quality construction materials and interior and exterior decoration industry.

V. Investment Incentives of Dong Xoai I Industrial Park

Dong Xoai I IP consistently attracts significant investments from businesses for the following reasons:

• The lease term within the Industrial Park extends up to 50 years, providing favorable conditions for businesses to invest in reproduction and achieve substantial profits.
• Dong Xoai I IP hosts diverse manufacturing industries, contributing to the comprehensive development of Binh Phuoc province.
• The industrial park offers a variety of factory rental areas, making it easy for businesses and companies to find suitable workplaces that match their production scale.
• Factory rental prices in Dong Xoai Industrial Park are mid-range, catering to the needs of both domestic and foreign businesses. The park also provides excellent tax incentives for investors.
• Businesses benefit from long-term exemptions or reductions in corporate income tax.
• Import tax exemptions cover items such as machinery, components, and spare parts, facilitating the assembly or use of machinery and equipment for production and factories.

VI. Investment costs in Dong Xoai I industrial park

Investing in Dong Xoai I IP, companies and businesses will pay the basic costs below.

VII. Labor Source and Hiring Costs

Dong Xoai I IP boasts several notable advantages, including favorable terrain and investment-friendly policies in Binh Phuoc province. Additionally, Dong Xoai town contributes a pool of local human resources, predominantly highly qualified individuals. Binh Phuoc province, as a whole, implements policies promoting good living standards, attracting workers from various regions to work and settle down.

In the vicinity of the Industrial Park, there is a comprehensive system of schools, markets, amusement parks, shopping centers, banks, and post offices. This strategic advantage positions Dong Xoai I IP to attract a diverse and global labor force, facilitating the recruitment of high-quality labor at competitive costs.

VIII. Economic Value of Dong Xoai I Industrial Park

Over the years, Dong Xoai I IP has undergone significant development. Most of the park’s land area is under lease, with ongoing investments in modern and synchronous infrastructure. Binh Phuoc province’s favorable investment encouragement policies, both domestic and foreign, further contribute to the park’s growth.

Presently, more than 30 businesses operate in the Industrial Park with long-term stability. Future prospects indicate the entry of more major enterprises from demanding markets like Japan and European countries. Dong Xoai I IP is poised to play a key role in the economic development of Binh Phuoc province, attracting significant investments from both domestic and foreign sources.

Statistical data reveals a robust growth rate in the industrial production value of Dong Xoai I IP, averaging over 20% per year. Anticipated projections indicate a 50% surge in the economic growth rate of the Industrial Park by 2030.

In this article, TTTFIC has provided you with comprehensive information about Dong Xoai I IP, aiding your comparisons with other industrial parks and facilitating informed decisions when considering investments in Dong Xoai I IP, Binh Phuoc province.