Song Than 3 Industrial Park - Ho Chi Minh City

With the strong increasing trend of industrial real estate, industrial parks are being built a lot to meet the production and business activities of businesses. Among them, Song Than III Industrial Park in Ho Chi Minh City is also constantly expanding its scale to demonstrate its important role in developing the industrial economy throughout the province.

I. Overview of Song Than Industrial Park III

Legal grounds

Song Than III Industrial Park is an integral part of the Binh Duong Urban Industrial and Service Complex, playing a crucial role in the overall development investment plan. It covers a total area of 533,846 hectares and was established by the Prime Minister’s Decision No. 912/QD-TTg, dated September 1, 2005. Additionally, the Chairman of the People’s Committee of Ho Chi Minh City approved Decision No. 2940/QD-CT on June 22, 2006, for the detailed planning of industrial parks. The business plan and infrastructure investment project in Song Than III Industrial Park received approval through Decision No. 3505/QD-UBND, dated August 1, 2006, by the People’s Committee of Ho Chi Minh City.

General information

The development of the industrial economy in Ho Chi Minh City is greatly influenced by Song Than III Industrial Park. With rapid industrial economic growth, Song Than III Industrial Park increasingly affirms its important role in our country’s economy in the key industrial region. Therefore, many effective policies to further develop this industrial park are being implemented more and more vigorously. With such rapid development, Song Than III Industrial Park is attracting a large workforce from Ho Chi Minh City as well as neighboring provinces and a large number of foreign experts to live and work long-term. In order to optimize the benefits for investors, Song Than III Industrial Park is still expanding and diversifying industries and production and business models. Therefore, Song Than III Industrial Park is an ideal destination for domestic and foreign investors to make attractive investment decisions.

Scale and structure of land use in Song Than III Industrial Park

Currently, the total area of Song Than III Industrial Park is planned to be 533,846 hectares with 100 hectares ready for lease. The occupancy rate in the industrial park is up to 90%, so surely in the near future, Song Than III Industrial Park will be very vibrant and bustling in a variety of fields with the participation of many businesses and investors in manufacturing.

Information about investors

The investor of Song Than III Industrial Park is Dai Nam Joint Stock Company. The company was established in 1996 with the predecessor of Thanh Le Industrial Development Joint Stock Company. Currently, the company is still growing stronger and stronger and is becoming a leading reputable company in the South in investing in industrial parks in Binh Duong in particular and the Southeast in general. Besides, Dai Nam Joint Stock Company is also an influential investor in many real estate projects and tourist areas.

II. Geographical location of Song Than Industrial Park III

Located in Binh Duong Ward, Ho Chi Minh City, Vietnam, Song Than III Industrial Park possesses a very strategic location and is an indispensable part of the development triangle of the South of our country, including 2 provinces: Ho Chi Minh City and Dong Nai.

Contiguous

Geographical boundaries of Song Than III Industrial Park:

• The East borders Dong Nai province.
• The West borders Tay Ninh province.
• The South and Southwest border Ho Chi Minh City center.
• The North borders Binh Phuoc province.
• The geographical location of Song Than III Industrial Park is right on the main road of National Highway 13 with a synchronous and complete infrastructure system. Furthermore, the highway also easily and quickly connects with many important arterial roads of the country and many large commodity trading centers.

Regional links

Specifically, the distance from the industrial park to some important surrounding locations is: The distance to Thu Dau Mot city is only 4 km and about 35 km from Ho Chi Minh City. About 21.4 km from Song Than station and 4 km from Long Khanh Station. Easy access to major airports in the area, 40 km from Long Thanh International Airport and 33 km from Tan Son Nhat International Airport. The distance from the industrial park to Tan Cang – Cat Lai port is about 39.8 km and Tan Cang – Cai Mep port is 79 km. One can say that, due to its convenient transportation system and quick connection to strategically important surrounding areas, Song Than III Industrial Park can easily engage in domestic and international trade and transport goods, thereby promoting economic growth in the entire region.

III. Infrastructure of Song Than III Industrial Park

The establishment of Song Than III Industrial Park hinges primarily on the successes of its predecessors, Song Than I and Song Than II Industrial Parks. Consequently, the Song Than III Industrial Park project will attract increased investment in modern, synchronized infrastructure development, aligning with global industrial trends. Specifically, the infrastructure system here has the following highlights:

Internal transportation system

The internal traffic system within Song Than III Industrial Park features a spacious design with a total of 4 separate lanes, each 24 meters wide. Both the main road system and the internal road network are designed to facilitate convenient and smooth movement and trade among businesses within and outside the industrial park.

Power system

The electrical system inside Song Than III Industrial Park is taken from the national electricity network. In addition, the important support of the centralized power transformer station with a capacity of 120 MVA, as well as the 110/22kV transformer station, ensures that the power source in the industrial park will be provided with a very stable and responsive capacity to fully meet the needs of the business while operating.

Water system

The water system at Song Than III Industrial Park guarantees an ample water supply to facilitate seamless operations within the park. With a capacity of up to 20,000 m3/day, the water undergoes full treatment according to WHO standards, ensuring the safety and hygiene of all production activities.

Wastewater treatment system

For each business in a particular or industrial park in general, building wastewater treatment plants is extremely necessary. The wastewater treatment plants in Song Than III Industrial Park have a capacity ranging from 5,000 to 10,000 m3/day and night, allowing for regular centralized wastewater treatment that fully complies with the standards set by the Ministry of Natural Resources and Environment.

Fire System

The fire-fighting system in Song Than III Industrial Park is comprehensive, with multiple water columns strategically placed along main and branch roads for rapid emergency response. Additionally, the availability of a dedicated team of experienced fire prevention and fighting staff, ready to respond to unexpected incidents at any time and location, is of utmost importance.

IV. Industries attracting investment in Song Than III Industrial Park

Investment and development in Song Than III Industrial Park encompass a wide range of industries, all of which hold significant potential for future growth. Specifically, the occupations are:

• Industry manufacturing cosmetics, pharmaceuticals, and health care products.
• Processing all kinds of food, packaged foods, or animal feed.
• Production of household consumer goods, packaging, packaging production.
• Manufacturing and assembling electronic devices such as bicycles, motorbikes, and cars.
• Processing wood or wood products.
• Production of construction materials, precast concrete structures, and mechanical engineering to serve agricultural mechanization.
• Making handicrafts.

V. Investment costs at Song Than III Industrial Park

Investment costs for items that businesses need to pay when investing in Song Than III Industrial Park are as follows:

VI. Investment incentives in Song Than III Industrial Park

Investment incentives at Song Than III Industrial Park support businesses in making investment decisions here. As for the corporate income tax rate, Decree 218/2013/ND-CP, issued on December 26, 2013, has set it at 22%. Some new investment projects inside Song Than III Industrial Park enjoy the following investment incentives:

• Businesses are exempted from corporate income tax for 2 years, and the tax amount payable in the next 4 years will be reduced by half.
• Then, implement corporate income tax incentives at 10% for 15 years and tax exemption for 4 years. Moreover, if manufacturing professions involve scientific and technological research, the production of light materials, composite materials, renewable energy sources, and energy processing from waste, the discount will be reduced by 50% over the next 9 years.

VII. Labor sources and labor costs

With many advantages and methodical investment by qualified investors, Song Than III Industrial Park has been affirming its position in the development of Vietnam’s economy and is attracting a lot of customers. Many investors come from many countries around the world such as Japan, Korea, Singapore, and America. With such rapid development, the demand for labor resources in industrial parks has never decreased. That’s why Song Than III Industrial Park plays a vital role in addressing the unemployment situation in Ho Chi Minh City and neighboring regions. It creates stable employment opportunities, with labor costs ranging from $250 to $500 per person per month. This cost-effectiveness makes it an attractive destination for businesses to invest heavily and reap substantial profits in the future. In general, Song Than III Industrial Park boasts a large scale, competitive pricing, numerous benefits, and significant future development potential, making it an attractive destination for savvy investors seeking opportunities for growth. That is the information that TTTFIC wants to send to you about Song Than III Industrial Park. To learn more detailed information about industrial parks across the country, continue to follow us!