Le Minh Xuan Industrial Park - Ho Chi Minh

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Information
Operating time: 1997 - 2047
Total Area: 100 ha
Infrastructure investors: Khang Phuc House Trading Investment Company Limited
Price: 150 USD/m2
Building density: 60%
Occupancy: 100%
Address: Tan Nhut commune and Le Minh Xuan commune, Binh Chanh district, in the western part of Ho Chi Minh City, Vietnam

Le Minh Xuan Industrial Park, managed by Khang Phuc Investment and Business Trading Company Limited (formerly Binh Chanh Construction Investment Joint Stock Company), occupies around 100 hectares…

I. Overview of Le Minh Xuan Industrial Park – Ho Chi Minh:

Le Minh Xuan Industrial Park – Ho Chi Minh is one of the focal industrial areas in the city, established by Prime Minister’s decision No. 630/TTg on August 8, 1997. It has been operational since 1997 and is considered a foundational success for Ho Chi Minh City’s industrial economy.

The investor of Le Minh Xuan Industrial Park is Binh Chanh Construction Investment Joint Stock Company (BCCI), now renamed as Khang Phuc Investment and Business Trading Company Limited.

Scale: The project covers an area of approximately 100 hectares, with its main activities including land leasing for construction of factories, rental or sale of factories, land use rights transfer to domestic and foreign investors, and provision of insurance, banking, and healthcare services.

Le Minh Xuan Industrial Park operates in diverse sectors and continuously expands its scale. Alongside its prime geographical location, easy connectivity to various urban amenities, and linkages to other industrial Parks, it holds great promise as an ideal investment destination for both domestic and foreign investors.

Currently, the Park has welcomed about 166 domestic and foreign enterprises, including 27 wholly foreign-owned companies and 03 joint ventures.

Le Minh Xuan Industrial Park - Ho Chi Minh - TTTFIC Group

Le Minh Xuan Industrial Park – Ho Chi Minh – TTTFIC Group

II. Geographical location:

Le Minh Xuan Industrial Park is located on the boundary of Tan Nhut commune and Le Minh Xuan commune, Binh Chanh district, in the western part of Ho Chi Minh City, Vietnam.

Boundaries:

  • North: Adjacent to Road No. 6.
  • West: Bordering Gò Mây – Tan Nhut Road (Longitude B).
  • East: Adjacent to the farmland of Le Minh Xuan agricultural station.
  • South: Adjacent to Road No. 8.

Regional connections:

  • Approximately 20 km from the city center.
  • About 8 km from residential clusters.
  • About 6 km from National Highway 1A and 3 km from Provincial Road 10, which has existing residential areas (along Provincial Road 10).
  • About 25 km from Tan Son Nhat Airport.
  • Situated on Tran Dai Nghia Street, Binh Chanh District.

Within 15 to 25 minutes, Le Minh Xuan Industrial Park can easily connect to various other industrial Parks, such as:

  • Tan Tao Industrial Park: 7 km
  • Vinh Loc Industrial Park: 11 km
  • Xuyen A Industrial Park (Long An): 20 km

This location is highly regarded for its excellent connectivity and easy access to urban amenities, as well as its links to other industrial Parks and clusters in the region, including support to neighboring provinces like Binh Duong and Long An.

III. Infrastructure of Le Minh Xuan Industrial Park – Ho Chi Minh:

Internal transportation:

  • Internal roads facilitate smooth transportation and interaction with key economic regions.

Power supply system:

  • Power is sourced from the national grid and Phu Lam 500kV substation.

Public lighting system:

  • A separate street lighting network is designed alongside the residential power supply system along traffic routes.

Water system:

  • The city’s water supply system and the industrial Park’s groundwater system with a large capacity.

Wastewater and rainwater drainage system:

  • The industrial Park has a comprehensive rainwater drainage system for the area, with a total length of completed drainage lines measuring 5.171 meters.

Waste treatment:

  • Waste is collected, centralized, and transported to designated treatment areas according to regulations.

Wastewater treatment:

  • The wastewater treatment plant has a designed capacity of 4.000m3/day and night.

Communication and information system:

  • A modern information technology system is established to serve communication needs both domestically and internationally, including high-speed ADSL lines.

IV. Investment-attracting industries in Le Minh Xuan Industrial Park – Ho Chi Minh:

Le Minh Xuan Industrial Park primarily focuses on developing the following industries:

  • Garment and footwear industry
  • Processing, drawing, and colored metal casting industry
  • Plastic and polymer industry
  • Rubber processing industry
  • Textile, dyeing, leather, and electroplating industry
  • Food processing industry
  • Electronic and electrical appliance assembly industry
  • Construction materials and interior decoration materials production industry
  • Ceramic and glass industry
Le Minh Xuan Industrial Park - Ho Chi Minh - TTTFIC Group

Le Minh Xuan Industrial Park – Ho Chi Minh – TTTFIC Group

V. Investment costs in Le Minh Xuan Industrial Park – Ho Chi Minh:

  • Land rental fee: $150 USD/m2/year.
  • Electricity price: $0,12 USD/KWh. Electricity fees are charged based on the regulations of Ho Chi Minh City Power Company: Normal hours: $0,073 USD/KWh, Off-peak hours: $0,048 USD/KWh, Peak hours: $0,12 USD/KWh.
  • Clean water price: $0,4 USD/m3
  • Solid waste treatment fee: According to the regulations of the provincial People’s Committee and the Industrial Park Management Board.
  • Wastewater treatment fee: $0,3 USD/m3
  • Infrastructure maintenance fee: $0,4 USD/m2/year.

Please be aware that the prices and fees mentioned above do not include VAT and are subject to change based on different time periods.

VI. Investment Incentive Policies at Le Minh Xuan Industrial Park – Ho Chi Minh:

Corporate Income Tax Rates:

  • The corporate income tax rate is 20%.
  • Tax exemption for 2 years and 50% tax reduction for the following 4 years.
  • The tax exemption and reduction period starts from the first year with taxable income from the new investment project. If there is no taxable income in the first three years but the project generates revenue from the fourth year, the tax incentives will apply from the fourth year.

Import Tax Incentives:

  • Exports and imports for the following cases are exempt from export and import taxes:
  • Temporary imports, re-exports, temporary exports, or re-imports for participation in exhibitions, machinery, and equipment for a specified period.
  • Goods transferred by Vietnamese or foreign organizations and individuals into or out of Vietnam within the prescribed limit.
  • Imported goods used for processing for foreign parties are exempt from import tax, and when exporting the processed products back to foreign parties, they are exempt from export tax.
  • Goods that meet the duty-free baggage standards for outbound and inbound individuals; mail, parcels subject to the minimum tax value as specified by the Prime Minister’s regulations.

To access further information, please consult Article 12 of Decree No. 87/2010/ND-CP, issued on August 13, 2010, which outlines comprehensive guidelines for the enforcement of specific provisions in the Law on Export Tax and Import Tax.

VII. Labor Source and Costs at Le Minh Xuan Industrial Park – Ho Chi Minh:

Labor Source:

According to statistics from Ho Chi Minh City’s Department of Labor – Employment in 2013, the total population of Ho Chi Minh City was 7.939.752 people. Among them, 47,63% were male, and 52,07% were female.

The city’s labor source has been growing at an average rate of about 3,5% per year and increasing gradually over the years.

In 2012, according to official statistics, there were 5,5 million laborers, accounting for 70,6% of the population. Of these, over 4 million were actively employed, accounting for 72,89% of the total labor source. Additionally, the labor force in Ho Chi Minh City is relatively young. Laborers aged between 20 and 45 years old accounted for 65.81% of the workforce, with the age group of 20-24 years being the largest at 16,7%, followed by the age group of 25-29 at 15,18%, and the age group of 30-34 at 17,58%.

Regarding education levels, 47,6% of Ho Chi Minh City’s labor force have graduated from high school or higher, while 27,34% have graduated from secondary school. Each year, the city has around 70.000 university and college graduates, including technical workers and those who have completed short-term training, totaling approximately 180.000.

In the academic year 2012-2013, the city had 800 kindergartens, 474 primary schools, 252 secondary schools, and 183 high schools, with over 75.000 teachers. Notably, Ho Chi Minh City has 75 universities and colleges, employing 15.889 lecturers, of which 9.778 have qualifications above a bachelor’s degree (accounting for 61,5% of all lecturers). Each year, the city can admit more than 130.000 students.

This is a significant advantage for the city in attracting foreign investment.

Costs:

Le Minh Xuan Industrial Park is located in Binh Chanh District – Ho Chi Minh City, which falls under Area I. As a result, the current minimum wage in Area I is 4.680.000 VND per month.

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


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  • 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.
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  • Foreign Direct Investment (FDI) Establishment: We guide the easy establishment of foreign direct investment businesses, ensuring compliance with regulations.
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  • 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…).
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Industrial real estate in industrial zones, Vietnam


TTTFIC Group 

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