Duc Hoa 3 - Minh Ngan Industrial Park - Long An

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Information
Operating time: 2008 - 2058	Total Area: 85,57 ha
Infrastructure investors: Minh Ngan Real Estate Joint Stock Company	Price: 165 USD/m2
Building density: 70%	Occupancy: Updating...
Address: Duc Lap Ha commune, Duc Hoa district, Long An province.

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I. Duc Hoa 3 – Minh Ngan Industrial Park:

Long An People’s Committee issued Decision No. 75/QD-UBND approving the 1/2,000 detailed construction plan for Duc Hoa 3 – Minh Ngan Industrial Park, located in Duc Lap Ha and My Hanh Bac communes, Duc Hoa district, Long An province, Vietnam.

The Duc Hoa III – Minh Ngan Industrial Park covers an area of 1.413.908 m2 and is structured as follows:

– Factory and warehouse area spans 953.361 m2, divided into 6 clusters with 57 lots, ranging from 2.279 m2 to 20.474 m2 per lot. Maximum building density is 68%, maximum height is 4 floors (19 m).

– Administrative and service area is 170.803 m2, consisting of 46.857 m2 for administrative and service facilities, and 123.946 m2 for housing for experts. Maximum building density is 50%, with 3 – 4 floors, and land-use coefficient of 2.0.

– Technical areas cover 17.710 m2, comprising a wastewater treatment area of 11.162 m2 and a transfer station for waste of 6.548 m2.

– Transportation area spans 129.722 m2.

– Green spaces and water surfaces occupy 142.312 m2.

The officially provided information states that the industrial zone covers an area of 85,57 hectares, fully completed legally, with a lease term of 50 years (2008 – 2058). The pure construction density for factory and warehouse areas is maximum 70%, while factories with more than 5 floors have a construction density of 60%. Each construction lot should have a minimum of 20% greenery.

Duc Hoa 3 – Minh Ngan Industrial Park, invested by Minh Ngan Real Estate Joint Stock Company, welcomes various production activities,…

The industrial park shares borders with Thay Cai canal on the north, agricultural land on the south, Duc Hoa 3 – Song Tan Industrial Park on the east, and Duc Hoa 3 – Thai Hoa Industrial Park on the west.

An overview perspective of Duc Hoa 3 – Minh Ngan Industrial Park – Long An – TTTFIC Group

II. Geographical location:

Duc Hoa 3 – Minh Ngan Industrial Park is located in Duc Lap Ha commune, Duc Hoa district, Long An province, Vietnam.

Situated in Long An, to the north of the industrial park is Thay Cai canal, to the south is agricultural land, to the east is Duc Hoa 3 – Song Tan Industrial Park, and to the west is Duc Hoa 3 – Thai Hoa Industrial Park.

The industrial park enjoys convenient transportation links:

– Close to Ho Chi Minh City center: 35 km

– Proximity to Tan Son Nhat Airport: 32 km

– Easy access to Saigon – Hiep Phuoc Port: 44 km

– Convenient distance to Moc Bai International Border Gate: 47 km.

III. Infrastructure of Duc Hoa 3 – Minh Ngan Industrial Park:

In the heart of Long An province lies the strategically positioned Duc Hoa 3 – Minh Ngan Industrial Park, easily accessible via the well-maintained Tinh lo 8, a 12m-wide road set to be expanded to an impressive 40m. The park’s internal roads, N4 (36m wide) and D1 (32m wide) lanes with four lanes each, efficiently connect to various factories.

Powering this industrial hub is the reliable Long An Power Company’s 22kV medium-voltage line, with future plans to bolster capacity through a 110kV connection and access to 40+63MVA power from the local grid.

The park boasts a steady water supply sourced from Phu My Vinh Water Plant (15.000 m³/day) and Kênh Đông Water Plant (30.000 m³/day), priced at a reasonable 8.600VND/m³. Water pressure stands at 2.5-3kg/cm², with no consumption restrictions, providing ample resources for the businesses within.

Duc Hoa 3 – Minh Ngan Industrial Park takes its environmental responsibilities seriously, treating wastewater to B-grade according to Vietnamese standards. Wastewater is collected from the industrial facilities on-site, undergoing further processing to achieve A-grade quality before safe discharge. The treatment fee is set at 6.000VND/m³, ensuring sustainable practices.

Committed to maintaining ecological integrity, the park adheres to QCVN 24:2009 BTNMT standards, ensuring that treated wastewater meets the highest environmental criteria before it is released into the surrounding ecosystem.

Furthermore, telecommunication services at the Industrial Park are comprehensive, seamlessly linked to Long An telecommunication’s network. With an impressive capacity, the park offers over 2.400 telephone lines and high-speed transmission services, effectively catering to the communication needs of all investors, fostering smooth operations within the industrial complex.

Land Map of Duc Hoa 3 – Minh Ngan Industrial Park – Long An Province – TTTFIC GROUP 2

IV. Investment-Attractive Industries:

Minh Ngan Real Estate Joint Stock Company is the investor behind the Industrial Park. This park accommodates various production types:

Agricultural processing;
Wood processing, glass and ceramic production;
Food and beverage processing;
Producing paper and stationery, consumer goods;
Textile dyeing and garment;
Production of building materials;
Mechanical engineering, metallurgy and machine building (not casting, smelting, plating).

V. Investment Costs:

Water price: $0,4/m²

Wastewater fee: $0,3/m²

Electricity price: $0,05/KWh

Basic worker wage: $200/month.

Rental rate: $165 USD/m² (Lease term until May 15, 2058).

Infrastructure fee: $0,50 USD/m²/year (From factory’s operation).

Payment options:

1-year plan:

10% upon land reservation agreement.
10% upon land allocation certificate.
20% upon lease contract signing.
20% after 3 months.
20% after 6 months.
20% after 12 months.

3-year deferred plan:

10% upon land reservation agreement.
10% upon land allocation certificate.
20% upon lease contract signing.
10% after 3 months.
10% after 6 months.
10% after 12 months.
15% after 2 years (*).
15% after 3 years (*).

VI. Investment incentives:

The corporate income tax rate is 25%, lower than the rate for businesses outside industrial parks.

Certain newly established enterprises can enjoy 100% tax exemption for 4 years and 50% reduction for 9 years.

Afterward, they benefit from a 10% tax rate for 15 years. Eligible sectors include software production, high-tech, scientific research, water plants, infrastructure projects, etc.

Moreover, they can be exempt from import tax on machinery, materials, and enjoy tax-free export on exported products.

New companies can be 100% tax-exempt for 2 years and get 50% reduction for the next 4 years.

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The land for lease that belong to Industrial Park has run out of stock. Only the land and warehouse has been re-invested by individual investor that still available

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