Loc An - Binh Son Industrial Park

Loc An – Binh Son Industrial Park (Loc An – Binh Son IP), Dong Nai province, is one of the fastest-growing and highly appreciated industrial parks in the southern region of Vietnam. With a prime location, modern infrastructure, and a favorable business environment, this industrial park has attracted the attention of many domestic and foreign businesses. TTTFIC also learned about this industrial park right below.

I. Overview of Loc An – Binh Son Industrial Park, Dong Nai Province

Loc An – Binh Son IP was established by Decision No. 1200/QD-UBND of the People’s Committee of Dong Nai Province on May 20, 2010, and the investor of this project is Investment Joint Stock Company, developing VRG – Long Thanh.

Information about Project Investors

The investor of this project is VRG Long Thanh Investment and Development Corporation, a subsidiary of Vietnam Rubber Group (VRG), one of the largest and most prestigious multinational corporations, with a total investment of more than 2 USD.

The company currently operates in various fields across the country and internationally. Some of the fields that this company is involved in include rubber growing, rubber processing, finance, banking, architecture, construction and infrastructure development, and advanced energy, …

The scale of Industrial Park

The total planning area of this project is 497,8 hectares, including:

• Land leased to investors to build factories: 347,39 hectares, accounting for 69,79% of the total area.
• The warehouse area of the industrial park alone: 13,26 hectares, accounting for 2,66%.
• Land to serve the construction of service centers: 10,56 hectares.

Development Situation of Industrial Park

Loc An – Binh Son IP is an ideal place for large businesses and multinational corporations to participate in production and provide support services in various fields, including electronics, mechanics, pharmaceuticals, information technology, and airport-related activities.

This place has many advantages in transportation, trade, development of high-tech industries, and industries supporting airport operations, warehousing, and logistics.

As of June 2022, this industrial park has attracted more than 663 million USD and more than 3,6 trillion VND in investment from many businesses. The leased area is 308,2 hectares, accounting for over 85% of the leased land area.

After 10 years of operation, Loc An – Binh Son IP has attracted dozens of projects from many large enterprises such as E-Lite, Dong-il, ShinHeung, HanLim, NET Detergent,… and the occupancy rate has reached 100%.

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II. Location of Loc An – Binh Son Industrial Park

Loc An – Binh Son IP holds an extremely strategic location, situated in Loc An, Binh Son, and Long An communes, Long Thanh district, Dong Nai province.

It is one of the industrial parks in Dong Nai province with a highly advantageous position for traffic, goods trade, and the development of high-tech and supporting industries for airport operations, warehouses, yards, and logistics activities.

Regional Links of Industrial Parks

• Located next to Highway 51 connecting Bien Hoa with Vung Tau.
• 15 km from Go Dau port.
• 1,5 km from Long Thanh International Airport.
• 25 km from Bien Hoa city center, Dong Nai.
• 30 km from Phu My port.
• 40 km from Cai Mep – Thi Vai port.
• 30 km from Cai Lai port.
• 35 km from Phu My port.
• 60 km from Tan Son Nhat airport.
• 17 km from Ho Chi Minh City center along the City Expressway. HCM – Long Thanh – Dau Giay.

Being situated near major provinces like Ho Chi Minh City, Bien Hoa City, Vung Tau, Loc An – Binh Son IP has the opportunity to connect with many key areas. Additionally, this location provides the Industrial Park with highly qualified and skilled human resources, as these areas train and supply the most abundant high-tech human resources and skilled workers in the South.

Moreover, Loc An – Binh Son IP is close to Nhon Trach industrial parks, significant industrial parks of the Long Thanh district, and others like Giang Dien Industrial Park, and Tam Phuoc Industrial Park,…

III. Infrastructure System of Loc An – Binh Son Industrial Park, Dong Nai

To meet business needs, attract more investment capital, and promote development, Loc An – Binh Son IP has invested in a modern and synchronized infrastructure system.

Traffic System

The road system in the area consists of asphalt roads capable of withstanding loads of 10 – 12 tons, with:

• Main road: 36-39m wide.
• Internal road: 24-28m wide. Three main highways outside the industrial park include Ben Luc – Long Thanh – Bien Hoa, Vung Tau – Phan Thiet, and Dau Giay – Long Thanh. When operating at full capacity, this road system will enhance regional competition for the southern key economic quadrangle and connect the Southeast economic region with the Southwest and South Central regions.

Electric Supplying System

Loc An – Binh Son Industrial Park ensures a stable 24/7 power supply for factories and businesses, with a total electrical capacity of 80 MVA supplied from Long Thanh Transformer Station under the National Power Grid.

Water Supply System

Clean water, meeting QCVN standards, is supplied to all factories, enterprises, and businesses in Loc An – Binh Son Industrial Park directly from Nha Trang Water Plant, with a capacity of 100.000 m³/day and night.

Waste Water Treatment System

The industrial park has built separate rainwater and wastewater drainage systems to prevent environmental pollution. Rainwater is drained directly into the environment, while production wastewater is centrally treated at the internal station with a capacity of 9.200 m/day, meeting Class A standards.

Regional Security System

To ensure worker and business safety, Loc An – Binh Son Industrial Park has invested in a surveillance camera system throughout the park. Additionally, there is a 24/7 security team ready to respond to emergency situations.

Geology

Loc An – Binh Son Industrial Park has good geology, flat terrain, and solid ground, reducing construction costs. The altitude of this industrial park ranges from 12-17m above sea level, facilitating water drainage and preventing flooding.

Residential Area for Workers:

Adjacent to the project is the Loc – An Binh Son resettlement area, covering about 280 hectares and meeting the needs of approximately 35.000 households. This contributes to attracting expertise and labor.

The focus on investing in infrastructure systems has propelled Loc An – Binh Son Industrial Park, attracting significant investment capital and contributing to the region’s economic growth while addressing unemployment issues.

IV. Industries Attracting Investment in Loc An – Binh Son Industrial Park

With its strategic location and advanced infrastructure system, Loc An – Binh Son Industrial Park concentrates on developing and attracting investment in high-tech industries, industries supporting airport and warehouse operations, and logistics. These include:

• Mechanical industry, metallurgy.
• Construction materials production industry.
• Food processing industry for livestock, poultry, and seafood.
• Electronics and telecommunications industry.
• Production of soaps, detergents, and hygiene products (Non-harmful chemical products).
• Production of products from virgin plastic.
• Textile industry.
• Oil and gas industry.
• Industry manufacturing products from natural and synthetic rubber (excluding rubber latex processing).
• Leather, shoe, and accessories industry.
• Producing and processing all kinds of packaging.
• Biotechnology.
• Production of consumer goods.
• Service industries: Banks, post offices, telecommunications, entertainment services, restaurants, computer software, supply of materials and fuel.
• Factory and warehouse services for rent.
• Logistic service.

V. Investment Incentive Policies in Industrial Parks

Loc An – Binh Son Industrial Park’s success, achieving a 100% occupancy rate in just 13 years, is attributed to its preferential investment policies for businesses.

Loc An Binh Son Industrial Park – Dong Nai Province – tttfic.com

Corporate Income Tax Incentives

Tax rate: 20% for 10 years from the project’s first revenue year, applicable to businesses in industrial parks as per Government regulations.

Corporate Income Tax incentives for businesses in industrial zones include a 100% tax exemption for the first 2 years and a 50% reduction for the following 4 years.

Tax Incentives for Transferring Profits Abroad

Completely exempt from tax on transferring profits abroad.

Loc An – Binh Son IP also offers free support for investors in legal procedures, including applying for an Investment Certificate and Business Registration Certificate

These preferential policies will help businesses save costs during the initial construction process. This reduces the burden on-site and shortens the payback time for investors.

VI. Investment Costs at Loc An – Binh Son Industrial Park, Dong Nai Province

Investment costs are always the top concern for businesses. Some investment costs at Loc An – Binh Son Industrial Park are specifically as follows:

Note:

• The above price list does not include VAT.
• The price list for land and factories for rent changes depending on different times in the market.

VII. Labor Resources and Labor Costs

External Labor Source

Loc An – Binh Son Industrial Park is located near major urban areas like Ho Chi Minh City, Bien Hoa City, and Vung Tau, which serve as hubs for training and providing high-tech human resources and skilled workers. It is very convenient to attract highly qualified and skilled human resources.

In recent times, this industrial park has attracted over 10.000 workers from other localities to live and work here. Many experts from big cities like Ho Chi Minh, Ha Noi, and even foreign experts have chosen to be part of this thriving community.

Local Labor Source

Located adjacent to residential areas and new urban areas such as Binh Son urban area, Tam Phuoc, Binh Son resettlement area (300 hectares), Loc An residential area (40 hectares),… can meet the housing needs of workers. This place also provides many synchronous amenities with full banks, hospitals, schools, and supermarkets to attract an abundant labor force to work.

With its outstanding advantages, Loc An – Binh Son IP aims to develop with a new mindset, fostering significant changes to become a key partner for businesses, contributing to the rapid and robust development of the country’s economy.

Above is the information about Loc An – Binh Son Industrial Park that TTTFIC wants to share with you. Please leave a comment below the article if you have any questions that we need to answer.