Tan Binh Industrial Park - Binh Duong

Tan Binh Industrial Park – Binh Duong Province is an industrial park with a strategically advantageous geographical location and excellent transportation connectivity. It boasts several key advantages that make it an attractive destination for numerous businesses and investors. Let’s delve into the details of this industrial park with TTTFIC.

I. Overview of Tan Binh Industrial Park – Binh Duong Province

Legal Information

The People’s Committee of Binh Duong Province officially approved and issued the detailed planning for Tan Binh Industrial Park – Binh Duong Province, as per Decision No. 252/QD-UBND dated February 2, 2012.

Industrial Park Investor

Tan Binh Industrial Park – Binh Duong province was established in 2013 by Tan Binh Industrial Park Joint Stock Company, primarily funded by Phuoc Hoa Rubber Joint Stock Company (PHR) and a subsidiary of the Phuoc Hoa Rubber Group (VRG). The total investment capital for this industrial park amounts to 830 billion VND, which is approximately 40 million USD, and it currently boasts a 90% occupancy rate.

Scale and Structure of Land Use

This project is being executed in two distinct phases.

Phase 1: The total industrial park area encompasses 352.5 hectares, with the following land allocations:

• Land for industrial factory construction: 244.4925 hectares.
• Land for operational and other services: 8.8363 hectares.
• Main construction: 4.5537 hectares.
• Traffic land: 54.7518 hectares.
• Green land: 39.8628 hectares.

Phase 1 has now been fully developed and utilized.

Phase 2: The project’s investor is implementing phase 2 expansion with a total area of 1,055.83 hectares, along with a 36-hectare resettlement residential area to meet the housing needs of workers and professionals working in the Industrial Park.

Current Investment Status of Industrial Parks

According to statistics, Tan Binh Industrial Park has attracted 61 businesses out of 64 investment projects. In there:

• There are 34 domestic projects and 30 foreign projects.
• 52 projects have been granted investment certificates, with a total domestic investment capital of 1,613 billion VND and foreign investment capital of 131.89 million USD.
• 38 production projects are in operation (24 domestic and 14 foreign projects), and 15 projects are under construction (5 domestic and 10 foreign).
• The total leased land area since the project’s inception is 202.76 hectares out of a total of 244.5 hectares, reaching 82.93% of the available land area.

Although it was established later than other industrial parks in Binh Duong province and has only been in operation for 10 years, Tan Binh Industrial Park has fully harnessed its strengths. These strengths include its geographical location and technical infrastructure. It has synchronized techniques, numerous preferential policies, and the attraction of many projects and investment capital. As a result, it has become an attractive destination for investors. It stands alongside strong brands such as Song Than I Industrial Park, VSIP Industrial Park, My Phuoc Industrial Park, and 15 other Industrial Parks under VRG.

The investment attraction situation in Tan Binh Industrial Park remains very positive, with a growing number of domestic and foreign investors exploring investment opportunities.

II. Location of Tan Binh Industrial Park – Binh Duong

Established in 2013, Tan Binh Industrial Park covers an area of more than 350 hectares. It is situated in Tan Binh Commune, Bac Tan Uyen District, Binh Duong Province, on the northern gateway traffic axis of Binh Duong province. This industrial park is centrally located within Binh Duong province, which is an industrial hub of the country. Many industrial parks are concentrated here, creating an excellent investment environment that attracts significant attention.

Regional Links of Industrial Parks

Tan Binh Industrial Park enjoys a strategic location that provides easy access to major transportation systems and strong connections with surrounding areas. Key points include:

• Connectivity to important routes such as National Highways 1A, 13, 14, 22, 51, Ring Road 4, and the My Phuoc – Tan Van expressway.
• Approximately 22 km from Thu Dau Mot city center.
• About 15 km from New Binh Duong City.
• 25 km from Thanh Phuoc container port.
• 35 km from Song Than International container port.
• 35 km from Bien Hoa city.
• 97.4 km from Tan Cang – Cai Mep Port.
• 61.8 km from Tan Cang – Cat Lai.
• 58 km from Saigon Port.
• 52.7 km from Tan Son Nhat International Airport.
• 65 km from Long Thanh International Airport.
• 51 km from Ho Chi Minh City.

Furthermore, Tan Binh Industrial Park has convenient transportation and easy access to raw material sources from Binh Phuoc and the Central Highlands provinces. This is along the DT 741 route, especially with abundant sources of wood and natural rubber.

Given this favorable geographical location, Tan Binh Industrial Park is poised to become an ideal destination for investors. It is suitable for those engaged in wood and natural rubber product manufacturing, as well as agricultural products for the domestic and export markets. This will contribute to the economic development of Binh Duong province.

III.Infrastructure System of the Industrial Park:

Tan Binh Industrial Park is one of the most developed industrial parks in Binh Duong province. Its infrastructure system has been comprehensively and professionally invested in and built to serve the production and business activities of the companies within the park.

Transportation Network of the Industrial Park

In terms of transportation, Tan Binh Industrial Park enjoys a convenient location. It is located on the Ho Chi Minh – Dau Giay highway and is in close proximity to other important routes, such as National Highway 13 and National Highway 1A.

The internal road system within Tan Binh Industrial Park has been carefully invested in to meet the transportation needs of the businesses located there:

• The internal traffic system adheres to Vietnam’s load capacity standard H30. This ensures that containers and other vehicles of enterprises can circulate and transport goods easily and conveniently.
• The main road within Tan Binh Industrial Park consists of four lanes. It has a hot asphalt concrete surface and spans 38 meters in width.
• The internal roads within the industrial park have two lanes with a hot asphalt concrete surface. They measure 24 meters in width.

Electric Supplying System

The electricity supply within Tan Binh Industrial Park comes directly from the national power grid, which is constructed along the internal roads of the industrial park. The supply of electricity to the industrial park is consistently stable and meets the requirements of the factories and workshops.

Water Supply System

The water supply system in Tan Binh Industrial Park has been developed to meet the water usage needs of businesses. The clean water plant at the industrial park operates with a daily capacity of 14,000m³. This ensures both quality and quantity to serve the production and daily needs of businesses. An installed pipeline network system extends to the enterprise’s perimeter.

Wastewater Treatment System

The wastewater treatment system at Tan Binh Industrial Park utilizes modern technology and complies with the prescribed wastewater quality standards. The wastewater treatment plant within the industrial park treats type A wastewater according to TCVN standards before discharging it into the environment. The total capacity of the wastewater treatment plant is 10,000 m³ per day and night. Currently, phase 1 of the wastewater treatment plant, with a capacity of 2,500 m³ per day and night, is under construction.

Communication Systems

The communication system at Tan Binh Industrial Park is seamlessly connected through high-speed FTTx internet technology, offering speeds of up to 2.5 Gb/s. Postal services are also available to meet the IT needs of businesses and investors within the industrial park.

In addition, Tan Binh Industrial Park offers other amenities, including resettlement areas, housing, and hospitals, to serve the daily needs of the workers employed in the park.

The investment in the infrastructure system of Tan Binh Industrial Park in Binh Duong province showcases its professionalism and completeness. This meets the production and business needs of the companies located there, which is a key factor attracting both domestic and foreign investors and businesses to invest and develop their production facilities.

IV. Industries Attracting Investment in Tan Binh Industrial Park

With the goal of becoming a modern green industrial park in Binh Duong province, Tan Binh Industrial Park aims to attract clean industries that have minimal environmental impact. These include:

• Processing agricultural and forestry products.
• Manufacturing rubber products such as tires, auto parts, motorcycles, household appliances, and plastic products.
• Wood processing industries, particularly those utilizing rubber wood as a raw material.
• Industries supporting agricultural development, such as mechanics, agricultural machinery, and fertilizers.
• Production of consumer goods to serve both the domestic and export markets, including textiles, electronics, household appliances, metal products, and various types of packaging.
• The manufacture of construction materials, including interior decoration materials, structures, roofing sheets, and cladding panels.
• The production of pharmaceuticals and cosmetics.
• Food processing, flavors, and chemicals.

V. Investment Costs in Tan Binh Industrial Park

Businesses in Tan Binh Industrial Park need to cover costs that are considered more competitive than those in other industrial parks. This is due to lower investment expenses. The specific costs are as follows:

• Note: These costs do not include VAT.

VI. Investment Incentives in Tan Binh Industrial Park

Tan Binh Industrial Park always strives to create competitive advantages. Tan Binh Industrial Park achieves this by offering investment incentives, implementing flexible business policies, providing diverse support services, and efficiently granting certificates of land use rights for subleasing to homeowners. The park ensures timely investments and proper commitment fulfillment to investors.

In particular, new and expanded investment projects within the park are eligible for corporate income tax incentives as follows:

• Tax exemption for the first two years and a 50% reduction for the subsequent four years.
• The preferential period begins when taxable income is generated.

Furthermore, Tan Binh Industrial Park excels in customer care and commits to providing support services as promised to its customers. This commitment fosters a positive relationship with clients. It encourages them to introduce partners to visit and explore investment opportunities within the park.

VII. Labor Sources and Labor Costs in Industrial Parks

Domestic and foreign businesses recognize Tan Binh Industrial Park as a prime location that attracts investment.

Current Labor Source in the Industrial Park

Currently, the total number of employees working in businesses operating within Tan Binh Industrial Park exceeds 6,000 people. This includes more than 250 foreign experts and workers who actively participate in production and business activities within the park.

Labor Sources in the Surrounding Areas

In addition to the park’s existing labor force, its proximity to other provinces, such as Ho Chi Minh City, Dong Nai Province, Ba Ria – Vung Tau Province, and the central provinces, helps attract a large number of laborers who are willing to live and work within the area.

This advantage in labor resources provides businesses with the opportunity to harness the potential for international business development without concerns about labor shortages. To attract highly qualified experts and workers, businesses must offer competitive salary and bonus policies. Additionally, maintaining a professional and comfortable working environment is essential. This not only aids in talent attraction but also enhances overall production and business efficiency.

With these notable advantages, Tan Binh Industrial Park is positioned for continued development and is expected to attract additional sources of capital, as well as large domestic and foreign enterprises. This contribution will further drive economic development in Binh Duong province, benefiting both the province and Vietnam as a whole.

The information provided above includes details about Tan Binh Industrial Park in Binh Duong, which TTTFIC wishes to share with you. If you have any questions, please leave a comment below this article, and we will be happy to provide answers.