Le Minh Xuan III Industrial Park - HCMC

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Information
Operating time: 2014 - 2064
Total Area: 311 ha
Infrastructure investors: SAI GON VRG INVESTMENT CORPORATION
Price: 150 USD/m2
Building density: 70%
Occupancy: Updating
Address: Tran Van Giau Street, Binh Chanh district, Ho Chi Minh City, Vietnam

Le Minh Xuan III Industrial Park (Le Minh Xuan III IP) is situated in Binh Chanh District, Ho Chi Minh City, a key economic center in the country. Recognized for its highly skilled workforce and diverse fields of specialization, the industrial park provides an optimal environment for investors, professionals, and workers alike. With a strategic location and robust infrastructure, Le Minh Xuan III IP is deemed an ideal hub for the development of various industries.

I. Overview of Le Minh Xuan III Industrial Park

Le Minh Xuan III IP, operational from 2014 to 2064, is an investment by VRG Saigon Investment Corporation. Spanning 311 hectares, with a cost of 150 USD/m2, and a construction density of 70%, the industrial park is situated on Tran Van Giau Street, Binh Chanh District, Ho Chi Minh City.

Approved for planning and establishment by Decision No. 4252/QD – UBND on August 26, 2014, the park serves as a hub for highly skilled workers, attracting investors and businesses seeking to establish factories and enhance production activities. With a total capital exceeding 1.200 billion VND, Le Minh Xuan III IP strategically invests in technical infrastructure to facilitate production. Additionally, it offers competitive rental costs and investment incentives. An adjacent 80-hectare residential area caters to the welfare needs of experts and workers within the industrial park.

Currently, Le Minh Xuan III IP is in the process of developing ready-built factories for rent, catering to the needs of both small and medium enterprises.

II. Location of Le Minh Xuan III Industrial Park

The location plays a pivotal role in the success of an industrial park project, influencing trade convenience and connectivity for businesses and workers. Le Minh Xuan III IP boasts a prime location in Binh Chanh district, positioned as a bridge between two key economic regions: Ho Chi Minh City and the Mekong Delta. While Ho Chi Minh City serves as an economic hub with flourishing financial and scientific industries, the Mekong Delta stands as Vietnam’s primary agricultural and fishery production area.

Master plan map of Le Minh Xuan III Industrial Park - HCMC - TTTFIC Group

Le Minh Xuan III Industrial Park possesses a strategic location and convenient connection potential

Benefiting from this strategic location, Le Minh Xuan III IP gains a significant competitive edge in both domestic and international goods transportation. Notable regional connections include:

  • A mere 5-minute drive from the Rocket area in Binh Tan district via Provincial Highway 10.
  • 19km away from Tan Son Nhat airport, accessible within a 45-minute car ride.
  • 5km from Ring Road 3, with a 10-minute drive.
  • Ho Chi Minh City – Trung Luong Expressway, situated 10km away and reachable in 15 minutes by car.
  • Vo Van Kiet Avenue, located 8km away, with a 15-minute drive.

III. Infrastructure of Le Minh Xuan III Industrial Park

Le Minh Xuan III IP stands out for its fully developed technical infrastructure, catering to the diverse needs of investors and businesses.

1. Electric Supplying System

  • Power is sourced from the on-site power station, boasting a capacity of 3×63 MVA, invested, operated, and maintained by Saigon VRG Corporation.
  • The stability of the power source guarantees a consistent power supply for the factories within the industrial park.

2. Water Supply System

  • The water source is derived from the SAWACO Binh Chanh water plant, with a capacity of up to 300.000 m²/day and night, meeting high-quality QCVN standards.

3. Waste Water Treatment System

  • A wastewater treatment system is in place to address environmental concerns.
  • Production wastewater undergoes centralized collection and treatment at the on-site wastewater treatment station, featuring a capacity of 16.000 m²/day and night. This ensures compliance with standard B regulations.

4. Internal Transportation System

  • The project incorporates a park with well-planned, spacious roads, featuring six lanes and a 40m wide median strip.
  • Internal roads consist of 2-4 lanes and a median strip ranging from 18-29m wide.
  • The industrial park investor, Saigon VRG, is committed to opening more roads as needed.

5. Communication Systems

  • Le Minh Xuan III IP boasts a communication and telecommunications system meeting international standards, ready to accommodate high-speed communication and data needs.

6. Other Utilities

  • Customs office
  • Inland customs clearance port
  • Logistics Center
  • Dormitory area
  • Residential area
  • Market, shophouse for rent
  • Gas station
  • Ready-built factory
  • Rooftop solar installation
  • And more…

7. Additional Amenities

  • Cho Ray 2 Hospital is conveniently located at the entrance to the Industrial Park.
  • Schools, kindergartens, and the City Children’s Hospital contribute to the well-being of the labor force in the vicinity.

Given its robust industrial park infrastructure and comprehensive amenities, Le Minh Xuan III IP rightfully earns its status as a significant investment destination in Ho Chi Minh City.

IV. Attractive Industries for Investment in Le Minh Xuan III Industrial Park:

Le Minh Xuan III IP places a strategic focus on the development of the following industrial fields and sectors:

1. Electricity – Electronics – Information Technology

  • Manufacturing software, electronics, telecommunications equipment, computers, optics, and electronic components.
  • Production of equipment for the electricity industry.

2. Food Industry

  • Processing and production of processed foods.
  • Beverage production.

3. Mechanical

  • Manufacturing machinery.
  • Production of motor vehicles and means of transport.
  • Manufacturing prefabricated metal products and metal processing.

4. Chemical and Pharmaceutical Industry

  • Production of drugs and medicinal materials.
  • Manufacturing perfumes and cosmetics.
  • Production of hygiene products.

5. Additional Supported Industries

  • Medical equipment and medical instruments.
  • Production of synthetic fibers, textile fabrics, and finished textile products.
  • Clothing production.
  • Skin product manufacturing.
  • Production of paper and paper products.
  • Printing industry.
  • Manufacturing rubber and plastic products.
  • Tobacco product manufacturing.
  • Production of building materials.
  • Jewelry production.
  • Furniture production.
  • Production of sports equipment.
  • Repair and maintenance of mechanical equipment and industrial services.

Le Minh Xuan III IP, in addition to prioritizing the mentioned industries, is equipped to support and meet the production needs of various other sectors. This diverse industrial landscape positions the park as an attractive destination for a wide range of businesses.

V. Investment Incentives of Le Minh Xuan III Industrial Park

To attract investors and businesses, the Management Board of Le Minh Xuan III IP and the authorities of Binh Chanh district, Ho Chi Minh City have implemented a range of attractive investment incentive policies.

A perspective on Le Minh Xuan III Industrial Park - HCMC - TTTFIC Group

Investors in Le Minh Xuan III Industrial Park enjoy many attractive preferential policies

1. Corporate Income Tax Rate

  • Corporate income tax rate: 20%.
  • Tax exemption for 2 years, followed by a 50% reduction in tax payable for the next 4 years.
  • The tax exemption and tax reduction period are calculated continuously from the first year the enterprise has taxable income from the new investment project. In case there is no taxable income in the first 3 years, the tax exemption or reduction period will be calculated from the 4th year.

2. Import Tax Incentives

  • Import and export goods are exempt from export tax, import, and export tax under the following conditions:
    • Machinery and equipment serving a specific job for a certain period.
    • Goods are considered movable assets of Vietnamese or foreign organizations and individuals brought into or out of Vietnam within prescribed limits.
    • Goods exported and imported by foreign organizations and individuals enjoying diplomatic incentives in Vietnam.
    • Goods imported for processing abroad are exempt from import tax. Upon exporting finished products to foreign countries, they are exempt from export tax.
    • Goods are exported and imported according to tax-free luggage standards for exit and entry, including parcels and express delivery packages with a minimum taxable value according to the Prime Minister’s regulations.

VI. Investment Costs at Le Minh Xuan III Industrial Park

Compared to many industrial parks in Ho Chi Minh City, such as Hiep Phuoc Industrial Park and Vinh Loc Industrial Park, Le Minh Xuan III IP offers competitively evaluated and significantly lower investment costs. However, this does not imply any compromise on the quality of services provided.

Currently, Le Minh Xuan Industrial Park still has available land for rent to construct factories and workshops, enabling investors to review the investment cost table below. This allows investors and new businesses to make informed decisions about whether to choose this industrial park or not.

Land rents150 USD/m2 (Land with infrastructure – Lease period 50 years)
Infrastructure maintenance fee0,4 USD/m2/year
Electricity costs
  • Electricity price: 0,12 USD/kWh
  • Normal hours: 0,073 USD/kWh
  • Off-peak hours: 0,048 USD/kWh
  • Peak hour: 0,12 USD/kWh
Clean water costs0,4 USD/m3/month
Wastewater treatment costs0,3 USD/m3/month
Labor costsRanging from 250 USD – 500 USD/person/month

VII. Labor Resources and Labor Costs

Ho Chi Minh City stands as the major economic center of the country, hosting numerous key industrial parks, thereby attracting a substantial labor force for residency and employment. As per the 2013 data from the Department of Labor and Employment in Ho Chi Minh City, the city’s population was 7.939.752 people. Approximately 5,5 million individuals, constituting 70,6% of the city’s population, are estimated to make up the local workforce.

Moreover, the workforce in Ho Chi Minh City possesses high levels of education and skill, adequately meeting the requirements set by businesses. Le Minh Xuan Industrial Park offers a strategic advantage for businesses to easily attract local labor to fulfill production needs. The presence of an exceptional utility system around the industrial park further enhances the overall living conditions of workers.

VIII. Summary

Le Minh Xuan III Industrial Park amalgamates numerous advantages in terms of location, utilities, infrastructure, investment costs, and preferential policies. Consequently, it stands out as the top choice for businesses seeking expansion in production and operations, especially for small and medium enterprises aiming to optimize costs.

Through TTTFIC shared article on Le Minh Xuan III Industrial Park, investors can make informed decisions about choosing this location. The park is expected to reach a 100% occupancy rate, becoming a pivotal industrial park that significantly strengthens Ho Chi Minh City’s industrial economy.

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

TTTFIC Group: Guide to Industrial Real Estate in Vietnam


  • Where you gain a comprehensive view of the ideal investment environment for foreign enterprises, we are TTTFIC Group, your reliable partner in the Industrial Real Estate sector.
  • For first-time investors in Vietnam, we assist in surveying suitable locations in Industrial Zones across the entire territory of Vietnam. We support handling investment procedures for projects.
  • Our Design & Build approach means that from the moment the investor completes the land lease location, we take responsibility for all steps, including obtaining IRC/ERC; DTM; Fire prevention and firefighting certificates; legal aspects of the project from the design phase; applying for construction permits; progressing to the construction phase, and completing the factory for handover to the investor in an operational state in a turnkey manner.
  • You don’t waste time searching, don’t incur additional consulting fees, and don’t have to spend money on investment estimates. We offer a complete package from receiving the client’s idea to completing the project, ensuring a smooth start of operations, reducing 2/3 of the time, effort, and money for you.
  • Services include Lease, Purchase, Sale, and M&A (Merger & Acquisition): We provide specialized information and support for your real estate needs in key business areas.
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  • Foreign Direct Investment (FDI) Establishment: We guide the easy establishment of foreign direct investment businesses, ensuring compliance with regulations.
  • Investment Project Development Consultation: From market surveys to detailed planning, we support the development of your project.
  • Construction Licensing & Compliance: We assist in obtaining permits, ensuring compliance with safety and environmental standards.
  • Registration & Tax Consultation: We handle tax compliance, ensuring your business meets all legal regulations.
  • With over 20 years of experience in Design & Build for FDI projects of all scales. If you’re seeking industrial real estate in Vietnam, give us a call! With a team of experienced experts, engineers, and lawyers, we have assisted thousands in property buy, sell, M&A, and industrial real estate leasing (especially investors from the US, Germany, Denmark, Sweden, the UK, Korea, Japan, Taiwan, China, India, Singapore…).
  • Together, we can build a prosperous and sustainable future for both businesses and communities. We look forward to collaborating with you.

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TTTFIC Group 

Address: No.290, Dong Khoi Street, Hoa Phu Ward, Thu Dau Mot City (Binh Duong New City), Binh Duong Province, Vietnam.

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