My Phuoc 3 Industrial Park - Binh Duong

When discussing the significant, multi-industry industrial parks in Binh Duong Province that are attracting substantial investment capital, it is impossible to overlook My Phuoc III Industrial Park, owned by the Becamex Industrial Development Corporation Joint Stock Company. After nearly 17 years of establishment and development, My Phuoc III Industrial Park has solidified its position as a pivotal industrial park in Ben Cat town, Binh Duong province. Continue reading to gain a deeper understanding of this industrial park.

I. Overview of My Phuoc III Industrial Park – Binh Duong

On August 28, 2006, My Phuoc III Industrial Park was officially established following the Prime Minister’s Decision No. 1316/TTg-CN. Subsequently, on August 31, 2006, the Chairman of Binh Duong Provincial People’s Committee granted approval for the investment, construction, and business project of the technical infrastructure of My Phuoc III Industrial Park, as stated in Decision No. 3920/QD-UBND.

The detailed planning of My Phuoc III Industrial Park was officially sanctioned by the Ministry of Construction on September 18, 2006, under Decision No. 1308/QD-BXD.

Scale and Land Use Structure

My Phuoc III stands out among industrial parks in Binh Duong Province for its vast scale and significant total investment. The project encompasses a total area of 2,280 hectares, with nearly 1,000 hectares designated for industrial development and approximately 1,280 hectares reserved for service development. The total investment capital for this project reaches a staggering 1,219,459 billion VND.

The land use structure here is specifically as follows:

The objective of the Industrial Park

My Phuoc III Industrial Park has been meticulously designed with a master plan adhering to Singaporean standards, aiming to create a comprehensive, integrated “multi-industry” industrial park with infrastructure and utilities meeting international standards. The total industrial development land area spans 977.7105 hectares, accommodating various industries, including multi-industry sectors, ports, logistics, and diverse-scale production facilities. Additionally, a significant portion of the park is earmarked for utility service development. This area features a commercial center, post office, restaurants, banks, canteens, and housing areas for laborers. Furthermore, the service offerings encompass educational institutions, vocational schools, general support centers, and meeting and conference facilities to cater to the needs of the industrial park’s workforce.

II. Geographical Location of My Phuoc III Industrial Park – Binh Duong

My Phuoc III Industrial Park is situated in Thoi Hoa ward and My Phuoc Ward, Ben Cat Town, Binh Duong Province, in close proximity to the My Phuoc – Tan Van expressway and Ho Chi Minh City’s Ring Road 4. This location holds a distinct advantage, being positioned within the southern key economic quadrangle, which includes Ho Chi Minh City, Binh Duong Province, Dong Nai Province, and Ba Ria – Vung Tau Province. The project is approximately 45 km from Ho Chi Minh City and 14 km north of Thu Dau Mot City. This strategic location offers several developmental benefits:

Connectivity to the Transportation System

• My Phuoc III Industrial Park is adjacent to National Highway 13, a vital roadway linking Binh Duong Province to neighboring provinces. National Highway 13 has been expanded to six lanes, enhancing transportation. Furthermore, the construction of the Tan Van – My Phuoc road is nearing completion, connecting with National Highway 51, offering access to seaports such as Cat Lai, Hiep Phuoc (HCMC), Thi Vai, Cai Mep (Ba Ria – Vung Tau, Dong Nai), and Long Thanh International Airport (Dong Nai). This connectivity streamlines access to central provinces, the Central Highlands, and Ho Chi Minh City’s center.

Proximity to Key Utilities

• My Phuoc III is approximately 5 km from My Phuoc General Hospital, the Dai Nam tourist area, and the administrative center of Ben Cat Town. It’s also close to essential infrastructure such as Tan Cang, Saigon port cluster, Phuoc Long ICD, VICT, and Tan Son Nhat International Airport.

Accessibility to Nearby Industrial Parks

• The park’s geographical location allows easy contact with nearby industrial parks like My Phuoc I Industrial Park, My Phuoc II Industrial Park, and Thoi Hoa Industrial Park – My Phuoc IV.

Land Conditions

My Phuoc III Industrial Park boasts hard soil conditions with an altitude of approximately 32 meters above sea level. This characteristic eliminates the need for significant foundation reinforcement, resulting in cost savings of about 30% for construction.

III. Modern Infrastructure System and Full Equipment

My Phuoc III Industrial Park stands out as a magnet for domestic and foreign investors due to its modern and well-invested infrastructure. Becamex IDC Group has invested in various infrastructure systems, including:

Road System

• The internal road system throughout the industrial park spans 25 meters in width.
• Asphalt road surfaces are 15 meters wide, with each side corridor measuring 5 meters wide.
• The roads can bear loads ranging from 40 to 60 tons per truck.

Power Supply System

• The entire electrical system in the industrial park will be sourced from the 22KV national grid through two lines: Ben Cat – My Phuoc and Tan Dinh – My Phuoc, extending to the park’s land boundaries.
• Phase 1 station capacity is 126 MVA, phase 2 capacity is 200 MVA and phase 3 capacity is 500 MVA.

Water Supply System

• The clean water system at My Phuoc III Industrial Park adheres to WHO standards before being supplied to each business.
• The system is divided into phases: Phase I has a capacity of 12,000 m³/day, Phase 2 develops to a capacity of 30,000 m³/day, and Phase 3 has a capacity of 120,000 m³/day.

Wastewater Treatment System

• The wastewater treatment system has substantial capacity to ensure the reception and treatment of wastewater from businesses adhere to standards set by the Ministry of Natural Resources and Environment before release into the environment.

Communication Systems

• My Phuoc III Industrial Park has a pre-installed telephone line network extending to the boundaries of land lots, offering unlimited capacity to meet customer needs.
• A fiber optic cable system connects the Leased Line system and broadband telecommunications applications (ADSL).

Fire Protection System

• To ensure safety and prevent fires and explosions, a professional fire prevention team is equipped with a water supply system along the internal roads of the industrial park. Security forces are trained in fire prevention and anti-violence skills and operate 24/7.

Labor Support and Consulting Center

• The center, located within the industrial park, assists businesses in recruitment and provides labor policy advice. This support extends to job introductions, labor recruitment program promotions, and creating conditions to support labor within the industrial park.

Other Services

• The industrial park also features various commercial and service areas. These include banks, medical care services, delivery services, residential areas for experts, canteens for workers, and entertainment areas.
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IV. Industries Attracting Investment

My Phuoc III Industrial Park in Binh Duong Province has successfully attracted investments across several key industries, including:

• Electronic industry, household electricity, and industrial electricity.
• Electronic industry, information media, information technology.
• Telecommunications and television technology, high-tech technology.
• Manufacturing of cars, motorbikes, tractors, and assembly of spare parts and equipment.
• Textile, fiber, and garment industry.
• Leather industry, leather shoes, imitation leather (not tanning fresh leather).
• Plastic industry, mechanical engineering, precision engineering.
• Glass, ceramic, and crystal industry.
• Food and food processing industry.
• Steel pipe and construction steel production industry.
• Synthetic production of industrial gases.
• Forest and agricultural product processing industry.
• Industrial production of cosmetics, pharmaceuticals, agricultural and veterinary drugs.
• Manufacturing industry of toys, sports equipment, and jewelry.
• The rubber industry encompasses not only tires and tubes but also high-tech rubber products, excluding fresh latex processing.
• Wooden furniture manufacturing industry, interior decoration, and construction materials.
• Industrial production of medical instruments and optical instruments.
• Packaging, printing, prepress, paper industry (no pulp production).

V. Investment costs in My Phuoc III industrial park

When investing in My Phuoc III industrial park, businesses need to pay the following fees:

• Note: The above costs do not include 10% VAT.

VI. Labor Resources and Labor Costs

My Phuoc III Industrial Park is strategically located at the intersection of two important administrative units in Binh Duong Province, Ben Cat Town, and Thu Dau Mot City. The area boasts a population of approximately 1.5 million people of working age, with an annual influx of 7,000 to 9,000 high school graduates. This advantageous location ensures that businesses have access to a substantial and skilled labor force to meet their production requirements, without concerns of labor shortages.

Furthermore, due to its proximity to the southern key economic region, including Ho Chi Minh City, Dong Nai province, Thai Nguyen, and other areas, My Phuoc III has the capacity to attract workers who are not only willing to reside but also work within the park. This not only benefits the industrial park but also plays a crucial role in addressing employment challenges faced by numerous provinces and cities in the Southern and Central regions of Vietnam.

VII. Economic Value of My Phuoc III Industrial Park

As My Phuoc III Industrial Park enters its fifth phase, it has successfully attracted nearly 400 investment projects from 24 countries and territories. These investors represent countries such as Korea, Taiwan, China, Japan, Singapore, India, Thailand, the UK, the Netherlands, Italy, and the EU. Some noteworthy large enterprises that have invested in My Phuoc III include:

• Tu Long One Member LLC (Vietnam)
• Asia Valves LLC (Taiwan)
• Ju Shin Vina Company (Korea)
• Nawa Company Precision Vietnam (Japan)
• Colgate Palmolive Co., Ltd. (USA)
• Vina Kraft Co., Ltd. (Thailand)
• Trenloco Vietnam Co., Ltd. (Spain)
• Galli International Industrial Co., Ltd. (Singapore)
• Massimo Zanetti Beverage Co., Ltd. Vietnam (Italy)
• Tranpalma Spor Co., Ltd. (EU)

The total estimated capital attracted by this industrial park amounts to nearly $2.8 billion. Investments span various fields, including mechanical engineering, food processing, electronics, the electrical industry, the wood industry, interior decoration, supporting industries, and garments. These investments have created stable employment opportunities. Over 10,000 workers in Ben Cat town and Binh Duong province as a whole have benefitted from these investments.

My Phuoc III Industrial Park is a key industrial park in Binh Duong province’s Northern economic zone. It excels in terms of location, infrastructure, scale, and reputation among investors. It has solidified its position as a highly sought-after investment destination for both domestic and foreign investors. The park has the ambition to become the fastest-growing industrial park in the country.

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