Minh Hung Korea Industrial Park - Binh Phuoc Province

Minh Hung Korea Industrial Park (Minh Hung Korea IP) is situated within the Minh Hung Industrial Park cluster, emerging as a key project in Binh Phuoc province that has successfully commenced operations. Beyond offering industrial land plots, factories, and business opportunities, this location is recognized as an ideal prospect for real estate investors. To delve deeper into the details of this industrial park, explore the article below with TTTFIC.

I. Overview of Minh Hung Korea Industrial Park

Minh Hung Korea IP is situated within the larger Minh Hung Industrial Park spanning 700 hectares. It received approval from the People’s Committee of Binh Phuoc province, with a detailed planning project for Phase I outlined in Decision No. 63/QD-UBND on January 15, 2007. Subsequent adjustments were made in Decision No. 2368/QD-UBND on August 24, 2009, and Decision No. 1024/QD-UBND on April 27, 2009, for Phase II.

1. Investor Information:

C&N Vina Company Limited is the investor behind this industrial park. The company specializes in investing and constructing infrastructure for industrial parks in Vietnam. The headquarters are located in Minh Hung Korea IP, Highway 13, Minh Hung commune, Chon Thanh district, Binh Phuoc province. This project marks C&N Vina’s initiation into the industrial park sector, and the company has further expanded its investments to include projects like Phong Dien Industrial Park in Thua Thien Hue province and Tam Anh-Korea Industrial Park in Quang Nam province.

2. Details about the Industrial Park:

Minh Hung Korea IP, along with Becamex Binh Phuoc Industrial Park and Japanese SIKICO Industrial Park, has a significant impact on the Chon Thanh district. Beyond contributing to the general development of Binh Phuoc province and attracting both domestic and foreign investments, it plays a pivotal role in job creation for local communities and the surrounding areas.

The total infrastructure investment in Minh Hung – Korea is substantial, reaching USD 11.864.263. The industrial park covers an area of 392,28 hectares and is divided into two phases:

Phase I:

• Industrial park natural land: 192,28 hectares.
• Administrative, service, and industrial park management land: 8,1 hectares.
• Industrial land for rent: 132,09 hectares.
• Green land: 25,14 hectares.
• Technical infrastructure land: 4,92 hectares.
• Traffic land: 17,96 hectares.
• Residential land for workers, experts, and culture: 4,04 hectares.
• Leased area: 120 hectares.

Phase II:

• Industrial park natural land: 200 hectares.
• Administrative, service, and industrial park management land: 2,46 hectares.
• Industrial land, yards, and warehouses: 143,77 hectares.
• Green land: 22.597 hectares.
• Technical infrastructure land: 7,72 hectares.
• Traffic land: 23.453 hectares.

3. Current Investment Status:

Minh Hung Korea IP hosts several businesses, including Y&J International Co., Ltd., C&T Vina Co., Ltd., Sam Woon Ind Co., Ltd., S&K VINA Premium Packaging Co., Ltd., Doo Nam Vina Co., Ltd., Tan Viet Han Production and Trading Co., Ltd., Thang Long Metallurgical Co., Ltd., Board Technology Co., Ltd., Dream Textile Co., Ltd., Khoi Minh Production-Trading and Services Co., Ltd., Sit Vina Co., Ltd., Young In Tech Vina Co., Ltd., Vina Kum Kang Cen Tech Co., Ltd., among others.

In comparison with contemporaneous projects, Minh Hung Korea IP stands out as the project receiving substantial support from the Korean side. It is considered the project with the most significant impact on the Chon Thanh district, serving as a prominent symbol for the development of Vietnam’s industrial economy.

Planning map of Minh Hung Korea Industrial Park

II. Location of Minh Hung Korea Industrial Park, Binh Phuoc

Minh Hung Korea IP is situated in Minh Hung commune, Chon Thanh district, Binh Phuoc province, within an area characterized by relatively flat terrain:

• East and South: Adjacent to Minh Hung commune residential area.
• West: Adjacent to Highway 13.
• North: Adjacent to the remaining rubber land managed by the Management Board of Binh Phuoc Industrial Parks.

This location is strategically positioned amidst key traffic routes in Binh Phuoc province, facilitating easy connectivity with various other industrial parks in the province and neighboring areas. Additionally, it provides convenient access to amenities:

• From Chon Thanh Town Center: 7 km.
• Distance from Bau Bang industrial – urban – service park: 28 km.
• From Dong Xoai town center: 41,6 km.
• From Binh Duong New City: 50 km.
• From Dong Nai port: 70 km.
• From Ho Chi Minh City: 95 km.
• Distance from Cat Lai Port: 92,9 km.
• From Tan Son Nhat International Airport: 82,3 km.
• From Long Thanh International Airport: 112 km.
• From Song Than station: 75,3 km.

This location not only facilitates the easy movement and transportation of goods for Minh Hung Korea IP but also attracts more investment capital and human resources from neighboring areas.

III. Infrastructure of Minh Hung Korea Industrial Park

To cater to the needs of businesses within Minh Hung – Korea and attract additional investment, the project owner has meticulously developed a modern and synchronized infrastructure system.

1. Traffic Network

• All roads in the industrial park are asphalt concrete, capable of withstanding a vehicle load of 30 tons and equipped with lighting systems along the roads.
• The main traffic axis has a road width of 60m with 6 lanes.
• Internal traffic includes routes D1 connecting to National Highway 13 and other routes from D2 to D9.

2. Electric Supplying System

• Businesses in Minh Hung Korea IP utilize the national power source via the 22KV line along National Highway 13, with a dedicated 110/22KV intermediate transformer station serving the Industrial Park exclusively.
• Additionally, the Industrial Park has invested in and built 2 22KV medium voltage lines and 3 independent transformer stations for the lighting system.

3. Water Supply System

• The first phase utilizes on-site underground water sources, while subsequent phases use water sources from the Binh Phuoc Water Supply and Sewerage Plant, connected to the water supply system in the Industrial Park.
• The investor has constructed water towers, tanks, and pumping stations to regulate water levels, ensuring a stable water supply.

4. Drainage and Industrial Wastewater Treatment Systems

• Minh Hung Korea IP has established a separate rainwater and industrial wastewater drainage system.
• We direct rainwater to the drainage pipe and discharge it into the Sa Cat stream.
• We centrally treat industrial wastewater to meet class B standards, and the wastewater treatment plant has a capacity of 10,000 m3/day and night.

5. Postal and Telecommunications System

• We have installed a modern underground communication cable system throughout the industrial park, offering large-scale communication services. This cable system follows international standards and is arranged along internal roads, extending to the factory fence.

6. Social Infrastructure System

• We have installed surveillance camera systems throughout the industrial park for enhanced security.
• A 24/7 security team ensures the safety of workers and businesses.
• A labor support and consulting center within the industrial park aids investors in recruitment, advises on labor policies, promotes labor recruitment programs, introduces jobs, and supports labor in industrial parks.
• Other amenities include residential areas for experts, banks, delivery services, worker canteens, medical care services, entertainment areas, etc.

This comprehensive and modern facility system has successfully attracted significant investment capital to Minh Hung Korea IP and plays a pivotal role in transforming the economic structure of Chon Thanh district and the province at large.

IV. Industries Attracting Investment in Minh Hung Korea Industrial Park, Binh Phuoc Province

In recent years, Minh Hung Korea IP has actively pursued the attraction of domestic and foreign investors, focusing on the following industries:

• Wood processing technology, shoe, and interior decoration industries.
• Industries involved in the production of high-tech rubber, cosmetics, and pharmaceuticals.
• Engineering & high-tech industry.
• Mechanical assembly and machine manufacturing industries.
• Electricity, electronics, telecommunications, and information technology industries.
• Textile industry.
• Construction materials production industry, including glass and ceramic production.
• Agri-food industries: production and processing of agricultural products, aquatic products, and handicrafts.
• Consumer goods manufacturing industries.

With the objective of expanding production and moving towards a multi-industry industrial model, Minh Hung Korea IP in Binh Phuoc Province aims to further develop and attract investors across a diverse range of industries.

V. Investment Costs in Industrial Parks

Benefiting from its advantageous location, robust transportation network, well-developed infrastructure, and promising economic growth rate, Minh Hung Korea IP offers more competitive investment costs compared to numerous other industrial parks in Binh Phuoc province and the surrounding areas. The specific costs for your reference are outlined below:

Note: This price list does not include VAT and prices may change based on market fluctuations.

VI. Investment Incentives of Minh Hung – Korea

In addition to investing in the development of infrastructure systems, the favorable investment policies of the investor stand out as a significant advantage, contributing to Minh Hung Korea IP appeal to numerous businesses and investors.

Businesses and investors in this industrial park can take advantage of specific preferential policies, including:

1. Incentives on Land Lease Term:

• Minh Hung Korea IP implements a distinctive land lease policy with a duration of 50 years, extending until 2057.

2. Support for Investment Licensing Procedures:

• Investment projects within Minh Hung Korea IP receive complimentary assistance from the investor in handling procedures for obtaining investment project licenses and establishing businesses. Additionally, direct support is provided for the preparation of other essential documents related to environment, construction, and labor, as well as experts and technicians.

3. Support for Human Resources Search and Recruitment:

• Beyond the cost-free aid for investment project licensing and business establishment procedures, Minh Hung Korea IP extends support to businesses in the recruitment process. This involves assisting in the search and hiring of high-quality workers tailored to the specific needs of the industry, meeting the criteria outlined by businesses.

Some preferential policies for businesses in Minh Hung Korea Industrial Park

VII. Labor Resources and Labor Costs

With its advantageous location, efficient transportation system, and a diverse array of companies spanning various industries, Minh Hung Korea IP has opened up numerous opportunities for employment. This extends to workers in Binh Phuoc province and neighboring regions, effectively meeting the human resource demands of investors.

The rapid growth of the industrial sector in Binh Phuoc, coupled with the opportunities for development in Minh Hung Korea IP, positions this industrial park as a hub of significant potential. As a result, the park is ready to provide substantial opportunities for investors, becoming a dependable partner for numerous businesses.

Stay tuned with TTTFIC for further valuable updates!