Tan Dong Hiep B Industrial Park - Binh Duong

Tan Dong Hiep B Industrial Park plays a crucial role in promoting the economic development of Di An City, Binh Duong Province. Additionally, it contributes to accelerating the process of industrialization and modernization in the area. Let’s explore detailed information about this industrial park with TTTFIC through the article below!

I. Overview of Tan Dong Hiep B Industrial Park – Binh Duong Province

Tan Dong Hiep B Industrial Park is situated in Tan Dong Hiep Ward, Di An City, Binh Duong Province, Vietnam. The investor of Tan Dong Hiep B Industrial Park is Tan Dong Hiep Investment and Construction Group Company Limited, with an operational period from 2002 to 2052 and a total investment capital of up to 302.406 billion VND. Currently, Tan Dong Hiep B Industrial Park is in the process of finalizing detailed planning to align with the socio-economic conditions in the area. Moreover, this strategic development effort is essential for the park’s future growth and success.

The project was approved and established under Decision No. 327/TTg on May 2, 2002, by the Prime Minister, establishing a solid foundation for the development of the industrial park. The detailed planning of the industrial park was approved in accordance with Decision No. 1298/QD-KTQH dated July 4, 2005.

Scale and Structure of Industrial Land Use: In comparison to industrial parks in Binh Duong Province, Tan Dong Hiep Industrial Park has a relatively smaller planning area, approximately 325.5 hectares. The area of leased land is 80 hectares, with an occupancy rate of 78%.

The specific structure of industrial land use here is as follows:

Current Investment Status of Industrial Parks

By outlining specific planning and development strategies, Tan Dong Hiep B Industrial Park has successfully attracted numerous domestic and foreign businesses and investors for investment and operations.

Some noteworthy enterprises that have invested in Tan Dong Hiep B Industrial Park include Ameco Industrial Joint Stock Company, Hoang Lam Mechanical Manufacturing Company Limited, Viet Rubber Company Limited, Mien Nghe An Industry Company Limited, Viet Hoa Plastics International Co., Ltd., Thuan Loi Co., Ltd., and more.

II. Location of Tan Dong Hiep B Industrial Park, Binh Duong

Tan Dong Hiep B Industrial Park is strategically situated within the planned area of Tan Dong Hiep Ward, Di An City, Binh Duong Province. It is strategically situated amidst prominent industrial parks in Binh Duong Province, including VSIP I Industrial Park, Song Than I Industrial Park, Song Than II Industrial Park, and others.

Tan Dong Hiep B Industrial Park is strategically located at the heart of the Southern region’s economic development, which includes areas like Ho Chi Minh City, Binh Duong Province, Dong Nai Province, and Ba Ria – Vung Tau Province. The park is surrounded by the DT743 road system, which enables seamless connectivity with neighboring areas and enhances its attractiveness for investment.

Regional Connectivity of Tan Dong Hiep B Industrial Park

One of the key advantages of Tan Dong Hiep B Industrial Park is its close proximity to seaports, airports, and major administrative centers:

Distance to Seaports:

• From Dong Nai Port – Binh Duong: 5 km.
• From Saigon Port: 20 km.
• From Tan Cang – Cat Lai Port: 27.2 km.
• From Tan Cang – Cai Mep Port: 61.7 km.

Distance to Airports:

• From Tan Son Nhat International Airport: 21.3 km.
• From Long Thanh International Airport: 41.4 km.

Administrative Centers:

• Distance to the center of Ho Chi Minh City: 28.3 km.
• Distance to Thu Dau Mot City – Binh Duong: 16 km.
• Distance to Bien Hoa City – Dong Nai: 10 km.

This strategic location allows Tan Dong Hiep B Industrial Park to easily connect with major administrative, cultural, and political centers in Binh Duong Province, as well as numerous large industrial parks in the southern region of Vietnam. This offers favorable conditions and significant potential for investors.

Thanks to its advantageous location, Tan Dong Hiep B Industrial Park has emerged as an appealing destination for businesses and investors, making a substantial contribution to the economy of Binh Duong province.

Furthermore, due to its favorable location, Tan Dong Hiep B Industrial Park can readily attract a substantial labor force from other communes in Binh Duong and neighboring provinces.

III. Infrastructure of Tan Dong Hiep B Industrial Park

In addition to attracting investors with its strategic geographical advantages, Tan Dong Hiep B Industrial Park holds a distinct appeal. This appeal is attributed to its fully equipped, modern infrastructure system that meets both national and international standards.

The infrastructure systems here have been comprehensively invested in and developed. These systems encompass transportation networks, electricity supply systems, water supply systems, communication infrastructure, fire protection, and more.

Tan Dong Hiep B Industrial Park boasts several outstanding infrastructure systems:

Transportation System within the Industrial Park

To cater to the needs of both workers and businesses, Tan Dong Hiep B Industrial Park has meticulously designed an internal road network. This network features asphalt concrete pavement capable of bearing H30 loads. The road network includes:

• Main roads, which are 31 meters wide and connect to the arterial road DT 743.
• The lighting and green lawn systems have been thoughtfully arranged to ensure convenient traffic flow. This creates a clean, green, and aesthetically pleasing environment throughout the Industrial Park.

Electric Supply System

All factories, enterprises, and businesses within Tan Dong Hiep B Industrial Park receive electricity directly from the 110/22KV transformer station located within the park. This station boasts a capacity of up to 80 MVA. Additionally, for enhanced stability and redundancy, the park sources power from a 650MVA power plant located in South Binh Duong.

Water Supply System

The water source for Tan Dong Hiep B Industrial Park is provided by the water supply system from Di An Water Plant, which has a daily capacity of 20,000 m³ for both day and night use. The water undergoes treatment, ensuring high-quality standards and sufficient supply for business production activities.

Wastewater Treatment System

The industrial park operates its centralized wastewater treatment plant, designed using American technology, with a capacity of 5,000 m3/year. We concentrate wastewater from factories, treat it in compliance with legal regulations, and then discharge it into the environment, which helps prevent water and environmental pollution.

Drainage System

At Tan Dong Hiep B Industrial Park, we also invest in and build the water supply and drainage systems meticulously, which include:

• A rainwater drainage system.
• A sewerage system. These two systems are planned and constructed separately. They run along internal roads to ensure a comprehensive collection of rainwater and wastewater from the industrial park factories.

Communication Systems

Major carriers like VNPT, FPT, and Viettel supply the industrial park’s telecommunications system, which is directly connected to the postal network of Binh Duong Province. This ensures that businesses in Tan Dong Hiep B Industrial Park have easy access to telecommunications services, including telephone, mobile phone, fax, and internet, without any hindrances.

Fire Protection System

Tan Dong Hiep B Industrial Park has implemented a fire prevention and warning system in strict compliance with Vietnamese state regulations. It maintains constant communication with the district and town fire prevention and response teams to ensure the safety of investors and workers in the industrial park.

Security System

The industrial park has set up a comprehensive security system that includes surveillance cameras and 24/7 security teams. This ensures personal safety and protects investors’ assets.

Additional Convenient Services

In addition to housing amenities, the industrial park also provides various convenient services. These include administrative centers, general hospitals, schools, commercial centers, residential areas, clinics, markets, supermarkets, transportation services, banks, and a wide range of dining options to cater to various dietary needs.

Thanks to its modern and well-equipped infrastructure, Tan Dong Hiep B Industrial Park has become an appealing destination for businesses seeking to expand and develop their production activities in Binh Duong Province.

IV. Industries Attracting Investment in Tan Dong Hiep B Industrial Park

Tan Dong Hiep B Industrial Park, with its numerous advantages and substantial development potential, is currently drawing investments from a variety of industries and fields. These include:

• Electrical and machinery industries, involving the manufacturing of industrial and household electrical equipment and components.
• Electronics, information technology, and telecommunications industries.
• Light industries with diverse products such as children’s toys, imitation jewelry, textiles, footwear, ceramics, glass, and crystal.
• Industries requiring warehousing and storage.
• Industries involved in processing and exporting consumer goods, including food and instant noodles.
• Mechanical processing industries, including the manufacturing and assembly of watches, equipment, and optical instruments.
• The production and repair of machinery and construction equipment.
• The production of fine art wooden furniture, office and hotel equipment, and interior decoration for export.
• The production of plastics, metals, and household appliances.

V. Investment Incentives at Tan Dong Hiep B Industrial Park

One of the major attractions for investors in Tan Dong Hiep B Industrial Park is the favorable preferential policies provided by the project investor to support businesses.

Corporate Income Tax

The corporate income tax incentives are particularly enticing for businesses:

• The corporate income tax rate is 20%.
• Exemption from corporate income tax applies for the first two years, with a subsequent 50% reduction in tax payable for the following four years.

Value Added Tax (VAT)

Businesses in Tan Dong Hiep B Industrial Park receive VAT incentives as follows:

• Exemption from Value Added Tax for goods, raw materials, supplies, and components used in the project.
• A 0% tax rate is applicable to goods exported abroad and to construction and installation activities of manufacturing enterprises. This does not include unprocessed mineral resources when exported.
• Tax rates of 5% and 10% apply to some specific industries in accordance with Vietnamese Law.

Import and Export Tax

Additional incentives include import tax exemptions for goods imported and used to create fixed assets. This covers raw materials, supplies, and components for projects.

(Pursuant to Export Tax Law and Import Tax Law No. 45/2005/QH11, dated June 14, 2005, which adjusts the legal basis for import and export incentives in this industrial park).

VI. Investment Costs at Tan Dong Hiep B Industrial Park

Investment costs at Tan Dong Hiep B Industrial Park are detailed as follows:

• Note: The above costs do not include VAT.

VII. Labor and Labor Costs

The availability of a skilled labor force is a critical consideration for many investors when evaluating potential projects.

At Tan Dong Hiep B Industrial Park, businesses need not be overly concerned about this issue. Thanks to its strategic location and robust transportation network, the labor force receives consistent supplementation from neighboring provinces, especially those in the south.

The information above provides an overview of Tan Dong Hiep B Industrial Park, which TTTFIC wishes to share. In the future, investors anticipate that Tan Dong Hiep B Industrial Park will become an attractive destination. It will be ideal for businesses looking to expand production in the southern part of the country.