Duc Hoa 3 - Slico Industrial Park - Long An

Duc Hoa III – Slico Industrial Park (Slico Industrial Park) is one of the bright spots contributing to the industry of Long An province. With dedication and unremitting efforts, the Industrial Park not only creates a solid foundation for businesses to invest but also promotes development for the whole region and the country. For more information, please update with TTTFIC through the article below!

I. Overview of Duc Hoa III – Slico Industrial Park

Duc Hoa III Industrial Park – Slico is the 3rd largest industrial park in the cluster of 13 Duc Hoa III industrial parks. The project was invested by Saigon – Long An Industrial Park Infrastructure Investment and Construction Joint Stock Company and officially started construction on May 15, 2020. The industrial park developer is Minh Duc LA Investment and Development Joint Stock Company with a total investment capital of up to 388 billion VND.

The scale of the industrial park

Duc Hoa III – Slico Industrial Park project was built with a total planned area of ​​195,79 hectares (accounting for 10% of the total planned area of ​​the entire zone). This includes factories with an average area of ​​1.000 square meters.

• Type: Urban Industrial Park – Modern Services.
• Established time: April 2, 2003.
• Operating time: 50 years.

Overview of Duc Hoa III – Slico industrial park project

II. Geographical location of Slico Industrial Park

Duc Hoa III – Slico Industrial Park is located at Road 36m, Duc Lap Ha commune, Duc Hoa district, Long An province. The industrial park is located adjacent to provincial road 823, about 5km from Xuyen A road, helping investors here easily connect with provinces such as Binh Duong and Dong Nai.

In addition, the Industrial Park is also connected to Provincial Road 9 passing through Duc Hoa Industrial Park I, II, III; and National Highway 1A – these are important traffic routes that have a great influence on the development of the region and industrial zones. From there, it helps businesses easily transport goods within the region and market.

Duc Hoa III – Slico is located near the border of Ho Chi Minh City and 3 large residential clusters: Duc Hoa, Hau Nghia, and Cu Chi. Investors consider this as the only major trade gateway between the Southern key economic region and the Mekong Delta key economic region with full infrastructure.

The boundaries of Slico Industrial Park are limited as follows:

• The North borders the asphalt road running along the Thay Cai canal.
• The south borders agricultural land in Duc Lap Ha commune, Duc Hoa district.
• The East is adjacent to Duc Hoa III – Song Tan Industrial Park.
• The West is adjacent to Duc Hoa III – Thai Hoa Industrial Park.

Connection advantage of industrial park

• Located nearly 60 km from the center of Tan An city, Long An
• Located 37 km from Ho Chi Minh City center
• Located 35 km from Tan Son Nhat Airport, nearest train station
• Located 14 km from Cu Chi District
• Located 55 km from Binh Duong
• Located 52 km from Bien Hoa (Dong Nai).
• Located 70 km from Tay Ninh
• Located 40 km from Saigon Port
• Located 43 km from Ben Luc Port
• Located 43 km from VICT Port (Vietnam International Container Terminal).
• Located 52 km from Hiep Phuoc Port
• Located from Long An Port: 73 km
• Located 50 km from Cat Lai Port

Possessing the advantage of a strategic location, Slico Industrial Park becomes a condition for promoting and developing the domestic economy and attracting international investment sources.

III. Infrastructure of Duc Hoa III Industrial Park – Slico

At Duc Hoa III – Slico Industrial Park, the infrastructure system is considered one of the important and superior factors, creating a favorable environment for production and living activities. As follows:

Traffic system

The industrial park includes 2 main roads 36m wide (D1 road) and 4 lanes. In addition, Duc Hoa III – Slico also built an internal road system with a planned area of ​​26 hectares; 41,94 hectares for trees and water surface and 2 hectares for warehouses. At the same time, the Industrial Park also invests synchronously in technical infrastructure systems and utility services to meet the needs of the supporting industry and processing industry.

The internal road system of the Industrial Park is at least about 25m wide, and the main traffic axis is 30m wide, with a system of sidewalk trees.

Electric supplying system

Slico Industrial Park is supplied with electricity from the 110KV Duc Lap Thuong transformer station to provide enough electricity for all activities in the area.

Clean water supply system

Slico uses clean water from the clean water supply plant of Phu My Vinh company, the system operates with a capacity of up to 4.000 m³/day and night.

Wastewater treatment system

The wastewater treatment plant of Duc Hoa III – Slico Industrial Park operates with a capacity of up to 6.000 m³/day and night. Enterprises operating in the Industrial Park preliminarily clean wastewater according to input standards QCVN 40:2011 – column B and ensure that output wastewater treatment meets column A standards according to QCVN 40:2011.

Communication systems

Businesses in the Industrial Park will be provided with the most modern telecommunications technology services such as Lifeline, ADSL, fiber optic cable,… and a system of phone numbers according to the province’s prefixes. Combined with two transmission solutions for copper wired cable and fiber optic cable to meet the communication needs of facilities and smooth customer communication.

IV. Industries attracting investment in Slico Industrial Park

Below are some industries that attract investment in Duc Hoa III – Slico Industrial Park:

• Mechanical and metallurgical industry
• Chemical, resin, and plastics industry
• Pharmaceutical, cosmetic, and medical industries
• Household appliances and interior decoration industry
• Electronics, telecommunications – information technology industry
• Manufacturing and assembling of automobiles and machinery equipment
• Construction materials manufacturing industry
• Domestic and export consumer goods manufacturing industry
• High-quality ceramic and glass manufacturing industry
• Textile and garment industry (not accepting dyeing processing projects)
• Agricultural and forestry product processing industry
• Food processing and beverage industry
• Cattle, poultry, and aquaculture industry
• Group of warehouse and product display projects
• Group of stationery projects

Land map Duc Hoa 3 – Slico Industrial Park

V. Investment incentives in Slico Industrial Park

As one of the attractive locations for investment in Vietnam’s industrial sectors, the industrial park has attracted the attention of many private individuals. Below are some investment incentives applied at Duc Hoa III – Slico:

Corporate income tax incentives

Businesses investing in industrial parks are entitled to a 17% incentive within the first 10 years, with exemption for the first 2 years, a 50% reduction for the next 4 years, and 17% for the remaining 6 years. The applicable corporate income tax rate is 20%.

Import tax incentives

According to the provisions of Article 12, Decree No. 87/2010/ND-CP dated August 13, 2010, when private individuals rent land in industrial parks, they will be exempt from import tax on imported goods.

VAT incentives

Businesses receive a 17% VAT incentive within 10 years.

Other offers

Decree 118/2015/ND-CP dated November 12, 2015, exempts investors from tax for the first 4 years and provides a 50% reduction of export tax within 9 years for projects in the fields of special investment incentives.

When leasing land in an Industrial Park, businesses can use the land for 50 years and do not need to pay annual land use fees.

VI. Investment costs of Duc Hoa III – Slico industrial park

Below is a summary of all investment costs at Duc Hoa III – Slico Industrial Park:

VII. Labor resources and labor costs

Slico Industrial Park not only has the advantage of a favorable geographical location but also has modern, high-quality infrastructure, contributing to the attractiveness of the area to private houses. This creates conditions for businesses here to expand production facilities and warehouses.

Duc Hoa III Industrial Park – Slico was built with the goal of being a Green – Clean – Modern industrial park. Not only that, Slico also prioritizes clean industries that cause little environmental pollution, contributing to sustainable development and a friendly environment, creating an advantage in attracting investors. In addition, we implement the project in the form of an Urban Industrial Park – Services to attract labor resources, create many jobs for local people, and change and improve the quality of life and the economy in the area.

With many different recruitment sources, investors can access talented human resources to support their businesses. At the same time, enjoy competitive labor costs to help optimize operating costs and improve business competitiveness.

VIII. Economic value of Slico Industrial Park

The synchronous infrastructure at Duc Hoa III – Slico Industrial Park creates favorable conditions for production activities, and we always strive to improve the working environment. Slico Industrial Park has brought some of the following economic values:

• During the period 2008 – 2019, the competitiveness index of industrial parks in Long An was always at the top of the country. In 2019, according to the announcement of the Vietnam Chamber of Commerce and Industry (VCCI) and the US Agency for International Development (USAID), the region’s PCI provincial competitiveness index ranked 8th with a score of 68,82/100. This score increased by 0,73 points compared to 2018 and is classified in the “Good” group.
• The Thai Tuan Investment Joint Stock Company invested a large capital in the Thai Tuan textile product finishing factory project at Duc Hoa III – Slico Industrial Park, which was granted an investment certificate. With a total registered capital of 12.800 billion VND, equivalent to 542 million USD.

The strengths of the economic value of Slico Industrial Park

We expect Slico Industrial Park to become an important link in the industrial supply chain in the South due to its strengths in infrastructure and a special location. It is considered the largest economic corridor in Ho Chi Minh City along Highway 22 linking with the Moc Bai national border gate economy.

The ecosystem surrounding Duc Hoa III – Slico also helps businesses easily connect, cooperate, and contribute to turning the locality into a national supporting industry and processing center.

According to the above statistics, Duc Hoa III – Slico Industrial Park is an extremely important and attractive destination in the field of business and investment in Long An province. At the same time, it is also the best choice for investors when looking for an area to locate their headquarters. The improvement, creativity, and innovation here have helped Slico Industrial Park maintain interest from businesses, as well as create a vibrant business environment and sustainable development.