Duc Hoa 3 - Viet Hoa Industrial Park - Long An

Duc Hoa III – Viet Hoa Industrial Park (Viet Hoa Industrial Park) stands as a pivotal player in propelling and enhancing the economy of Long An province. Simultaneously, this industrial park holds the promise of becoming a premier location for future industrial real estate development. To delve into more detailed information, please continue reading the article below with TTTFIC!

I. Overview of Duc Hoa III – Viet Hoa Industrial Park

Duc Hoa III – Viet Hoa Industrial Park is one of the 13 constituent industrial parks within the Duc Hoa III industrial cluster. The project commenced construction and operations in 2005 with a designated operational period of 50 years. Viet Hoa Industrial Park is under the investment of Phu My Vinh Industrial Park Infrastructure Business Development Company Limited. With the backing of Long An Province, the company has established Viet Hoa Industrial Park equipped with modern infrastructure to meet the needs and attract investments from businesses.

Since its inception, Phu My Vinh Industrial Park Infrastructure Business Development Company Limited has been dedicated to transforming barren lands into residential areas and industrial hubs. This commitment led to the creation of Viet Hoa Industrial Park. With the support of the Long An Provincial People’s Committee and other departments, Phu My Vinh boldly initiated the construction of the Duc Hoa III Underground Water Plant. This facility ensures an ample water supply for the production activities of industrial parks within the cluster.

The scale of Industrial Park

Viet Hoa Industrial Park is designed with a total area of up to 83 hectares and a factory area of about 10.000 m², distributed as follows:

• Factory construction land: 58,15%
• Traffic land: 12,77%
• Land reserved for administrative and service works: 14,7%
• Land for technical works: 3,8%
• Area of green trees and water surface: 10,8%
• Land area available for lease: 20 hectares
• Occupancy rate: 90%

Duc Hoa 3 – Viet Hoa Industrial Park – Long An Province – TTTFICGROUP

II. Geographical Location

Duc Hoa III – Viet Hoa Industrial Park is situated in Duc Lap Ha Commune, Duc Hoa District, Long An Province, adjacent to Provincial Road 823 and 5km from Xuyen A Road. This strategic location, in proximity to Ho Chi Minh City and neighboring key areas, positions the Industrial Park as a prime hub for the convenient and swift transportation of goods between regions.

Viet Hoa Industrial Park serves as a crucial trade connection gateway between the Southern key economic region and the Mekong Delta key economic region.

• East: Adjacent to Duc Hoa III – Thai Hoa Industrial Park
• West: Adjacent to residential areas
• North: Borders Thay Cai Canal, Cu Chi territory
• South: Adjacent to Duc Hoa III – Anh Hong Industrial Park

The land within the Industrial Park has been leveled, maintaining a height of 2,1m above the Hon Dau landmark.

Concerning climate conditions, Long An Province, located in the tropical monsoon region near the equator, experiences an average temperature of 27,50 degrees Celsius throughout the year, characterized by rainy and dry seasons.

Connection Advantages of the Industrial Park:

• Located approximately 60 km from Tan An city center, Long An Province
• 37 km from Ho Chi Minh City
• 35 km from Tan Son Nhat Airport
• Nearest railway station: 35 km
• 40 km from Saigon Port
• Approximately 37 km from the nearest Seaport

III. Infrastructure of Duc Hoa III – Viet Hoa Industrial Park

With the objective of modernization and optimization, the infrastructure of Duc Hoa III – Viet Hoa Industrial Park plays a pivotal role in promoting economic development. Key aspects include:

Traffic System:

• Main traffic system with a road width of 36m, comprising 4 lanes.
• Internal traffic system with widths of 16m and 24m, including 2 lanes.

Electric Supplying System:

• Powered by Long An Electricity Company with a 220K capacity power station.

Water Supply System:

• Clean water system providing up to 100.000 m³/day and night.
• Supplied by Phuc My Vinh Water Supply Plant (15.000 m³/day and night) operating within the Industrial Park.
• Hoa Khanh Tay factory, with a capacity of up to 80.000 m³/day and night, is in the deployment phase.

Waste Water Treatment System:

• Highly-rated wastewater treatment system meeting Class A standards.
• Maximum treatment capacity of 5.000 m³/day.
• Construction of a factory system to handle and process solids with a capacity of approximately 24 tons/day.

Communication Systems:

• Fully equipped with communication tools, MDF, postal, and telecommunications network.
• High-speed internet connection provided by VNPT Long An Company.
• Installation of fiber optic cables with broadband connection (3mb/s).

Fire System:

• A firefighting system was installed along main and branch roads, adhering to State regulations, and situated approximately 15km from the provincial fire station.

In summary, the infrastructure of Duc Hoa III – Viet Hoa Industrial Park has been comprehensively and modernly developed. Beyond the mentioned systems, the Industrial Park has incorporated public amenities such as service areas, worker housing zones, and villas for experts, contributing to creating a favorable, stable, and effective working environment, and minimizing risks in energy supply.

IV. Industries Attracting Investment in Industrial Parks

With its advantageous geographical location and robust infrastructure, Viet Hoa Industrial Park in Long An Province encompasses various industries, attracting numerous investment businesses. Some noteworthy sectors include:

• Paper manufacturing industry, wrinkled paper, wrinkled cardboard
• Manufacturing industry of electrical equipment, components, and electronic accessories (excluding projects for transmitting stations, transceiver stations, or telecommunication line construction projects)
• RBS prefabricated house construction materials manufacturing industry
• Fertilizer production, livestock, poultry, and aquaculture feed processing
• Beer and malt production industry
• Plastic packaging and processed food manufacturing industry
• Wholesale industry of food, beverages, tobacco, and pipe tobacco
• Business, import-export, and alcoholic beverage products
• Wood processing industry (excluding cooking and impregnating stages) producing consumer goods
• Mechanical processing industry, rolling mills, machinery, and equipment assembly
• Recycling and solid waste treatment industry
• Garment industry

V. Investment Incentives of Duc Hoa III – Viet Hoa Industrial Park

When investing in Viet Hoa Industrial Park, businesses will enjoy the following preferential policies:

Corporate Income Tax

Businesses located here have an applicable corporate income tax rate of 20%. Enterprises are entitled to a 17% incentive within the first 10 years. This includes a complete exemption for the initial 2 years, a 50% reduction for the subsequent 4 years, and a 17% reduction for the remaining 6 years.

Import Tax

As per the provisions of Article 12, Decree No. 87/2010/ND-CP dated August 13, 2010, Viet Hoa Industrial Park exempts import tax for businesses on imported products and goods.

Other Offers

According to Decree 118/2015/ND-CP dated November 12, 2015, projects in fields with special investment incentives will receive significant benefits. These include a complete tax exemption for the first 4 years and a subsequent 50% reduction in export tax within 9 years.

In addition to these tax incentives, businesses are provided with support in various aspects of the investment process. This includes assistance with investment procedures, help in registering the establishment of companies and branches, guidance in applying for investment certificates, and support in registering the construction of factories and production facilities.

Note: The above costs do not include VAT and are paid flexibly every month (excluding land rental fees).

VII. Labor Sources and Labor Costs in Duc Hoa III – Viet Hoa Industrial Park

The establishment and growth of the Industrial Park have significantly contributed to expanding the business landscape and fostering economic development in the Viet Hoa industrial center, particularly benefiting the overall industrial development in Long An. This, in turn, has created fresh employment opportunities for the local population and attracted high-quality human resources with competitive and reasonable labor costs.

Moreover, the labor force in Long An province is characterized by its youthfulness, abundance, stability, and high productivity. These factors collectively enhance the region’s potential for future growth. The workforce in Viet Hoa Industrial Park comprises technical professionals trained at intermediate schools and vocational colleges, along with unskilled labor sourced from both Ho Chi Minh City and Long An province.

Duc Hoa 3 – Viet Hoa Industrial Park, Long An – TTTFIC Group

VIII. Economic Value of Duc Hoa III – Viet Hoa Industrial Park

Due to its well-developed transportation network and comprehensive infrastructure, Duc Hoa III – Viet Hoa Industrial Park has successfully attracted substantial investments from various countries, including Japan, Korea, and Taiwan. Currently, the industrial park is experiencing rapid growth, boasting a robust economy with numerous investments from prominent companies, including:

• Vinataba Company / Sapporo Beer
• Quy Ky Group Joint Stock Company
• Binh Dien Fertilizer Joint Stock Company
• Hyman Paper Company Limited
• Thien Nam Elevator Joint Stock Company
• Fashion Resources Company Limited
• Phu My Vinh CTN Joint Stock Company – Long An
• Vietnam Green Planet Company Limited
• De Nhat Electric Cable Joint Stock Company
• Huynh Luong Private Enterprise

Strengths in Economic Value

Situated within the Duc Hoa III industrial cluster, one of the most prominent industrial centers in Long An, Viet Hoa Industrial Park is positioned for significant breakthroughs in the economy. Duc Hoa III encompasses 13 industrial parks covering nearly 5,200 hectares and 20 industrial clusters spanning about 1,000 hectares. This extensive area meets diverse requirements for private land rentals, facilitating the expansion of production scales and creating sustainable value that contributes to the overall economy and society.

Moreover, Duc Hoa III Industrial Park has invested in a large-scale dry port spanning 46 hectares. This strategic investment aims to enhance the convenience and cost-effectiveness of transporting goods for businesses within Viet Hoa Industrial Park and the surrounding areas. This initiative significantly contributes to the robust development of the industrial sector within the cluster.

In conclusion, Duc Hoa III – Viet Hoa Industrial Park stands as a crucial project within Vietnam’s industrial infrastructure system. Industrial parks like Viet Hoa play a pivotal role in the economic and industrial advancement of the region. Positioned in a strategically advantageous location, Viet Hoa takes pride in being a convenient and prestigious hub for both domestic and international businesses.