Thoi Hoa Industrial Park - My Phuoc 4

I. Overview of Thoi Hoa – My Phuoc IV Industrial Park, Binh Duong Province

Thoi Hoa – My Phuoc IV Industrial Park, located in Binh Duong Province, is garnering significant attention from both domestic and foreign investors due to its exceptional location. Situated in the heart of the southern economic region, this industrial park is in proximity to major seaports and key economic hubs in Vietnam.

Thoi Hoa – My Phuoc IV Industrial Park has been meticulously and modernly planned and constructed, featuring advanced infrastructure that caters to the production and business needs of various enterprises. With these notable advantages, it is quickly becoming a preferred destination for investors.

Establishment of the Industrial Park

Following the successful models of My Phuoc I Industrial Park, My Phuoc II Industrial Park, and My Phuoc III Industrial Park, the implementation of My Phuoc IV Industrial Park, also known as Thai Hoa Industrial Park, comes with substantial development groundwork. It represents the final phase in the investment process of the Urban – Industrial cluster in Ben Cat District, Binh Duong Province, and holds significant expectations and development prospects.

The legal framework for the establishment of industrial parks in Binh Duong province was established under the Prime Minister’s Decision No. 1717/CP-CN on November 17, 2004. Subsequently, an Investment Certificate was issued, approving the detailed planning of the industrial park as per Decision No. 2203/BXD-KTQH, dated October 27, 2005, from the Ministry of Construction. Additionally, Decision No. 4600/UBND-KTTH, dated October 12, 2007, was made to adjust the detailed planning of Thoi Hoa Industrial Park, Ben Cat district.

Project Investor Information

Becamex IDC Group, a corporation with extensive experience in investing and building industrial park infrastructure in conjunction with urban areas, serves as the investor for this project. Over the years, the corporation has expanded in terms of business scale and market development, becoming one of the investors responsible for implementing some of the largest industrial parks throughout the country.

Some prominent projects by Becamex IDC Group include:

• Vietnam – Singapore Industrial Park I, II, III
• Binh Duong Industrial – Service – Urban Complex
• Bau Bang Industrial Park
• My Phuoc Industrial Park I, II, III
• Becamex Industrial Park – Binh Duong, and more.
• …

Scale and Land Use Structure of the Industrial Park

Construction of Thoi Hoa – My Phuoc IV Industrial Urban Area commenced in late 2009 to early 2010, covering a planned area of 202.40 hectares. The occupancy rate at this industrial park is currently over 30%. The land use structure in this industrial park is as follows:

Current Investment Status

With advantages compared to previous industrial parks, Thoi Hoa – My Phuoc IV Industrial Park is currently attracting many large businesses to invest capital: INDONG Co., Ltd., Favorateng Co., Ltd., R-Pac Co., Ltd. Vietnam – Factory 6, Blue & Green Vietnam Co., Ltd., BW Industrial Development – MP4 Warehouse,…

It can be observed that, despite being deployed later and having a shorter operating period, Thoi Hoa – My Phuoc IV Industrial Park is equally competitive in terms of attracting investments compared to other industrial parks within the same project.

With the advantage of a large land fund for rent, in the coming period, Thoi Hoa – My Phuoc IV Industrial Park will continue to welcome many large-scale projects.

II. Geographical Location of Thoi Hoa – My Phuoc IV Industrial Park, Binh Duong

Nearby Arterial Roads

This industrial park is located in Thoi Hoa Commune, Ben Cat Town, Binh Duong Province, surrounded by major roads:

• Highway 13.
• Ring Road 3 (My Phuoc – Tan Van Expressway).
• Ring Road 4.

Distance to Major Administrative Centers

This industrial park is also located in the southern key economic quadrangle, helping My Phuoc IV easily connect with other key areas:

• From Binh Duong New City: 8 km.
• Distance from City. Thu Dau Mot: 10 km.
• Distance from City. Ho Chi Minh: 40 km.
• Distance from City. Bien Hoa: 41 km.

Distance to Major Transportation System

Thoi Hoa – My Phuoc IV Industrial Park can also easily use seaports, airports, or train stations:

• From Saigon Port: about 47 km.
• From Cat Lai Port: about 55 km.
• From International Container Port – Song Than: about 35 km.
• From Cai Mep Port: 45 km.
• From Song Than Station: about 33 km.
• From Saigon Station: about 47 km.
• From Tan Son Nhat International Airport: about 43 km.
• From Long Thanh International Airport: about 70 km.

This location is situated in a crucial trade gateway area between the Southeast and Central Highlands. It is also adjacent to My Phuoc industrial and urban zones phases 1, 2, and 3. This proximity allows My Phuoc IV to benefit from many advantages, including convenient connectivity and access to the region’s outstanding amenities.

Thanks to its exceptional geographical location, Thoi Hoa – My Phuoc IV Industrial Park has become a magnet for businesses and investors seeking a new model in Binh Duong. It also facilitates the sustainable development of the region by creating favorable conditions.

III. Infrastructure System of Thoi Hoa – My Phuoc IV Industrial Park, Binh Duong

Compared to other Binh Duong Industrial Parks, Thoi Hoa – My Phuoc IV is quite unique as it is built according to Singapore standards with a modern and meticulous infrastructure system.

Internal Traffic and Lighting System

The road system in this industrial park has been completely built. The asphalt concrete pavement has a load capacity of 40 – 60/ton and is 25 – 62 m wide.

Both sides of the road are equipped with additional lighting and greenery systems to meet user needs and make the air inside the industrial park fresher.

The lighting system is designed separately from the domestic electricity system, supplied to businesses in the area.

Electric Supplying System

The electrical system in the entire industrial park is taken from the 22 kV national grid with a capacity of up to 200 MAV, ensuring it fully meets the needs of businesses and factories.

Water Supply System

The pipe system from Ø27 to Ø800 forms a closed water supply loop throughout the area, leading directly to each plant to ensure adequate water supply with a water supply capacity of about 80,000 m3/day and night.

This ensures sufficient water supply for production and business activities of businesses.

Rainwater and Wastewater Treatment System

Rainwater and wastewater will be drained in two separate systems.

The centralized wastewater treatment plant has a capacity of 16,000 m3/day and night, ensuring it meets the TCVN 5945:2005 standards, column A, for reception and treatment before discharging into the environment.

Communication Systems

Thoi Hoa – My Phuoc IV Industrial Park has installed a telephone cable system to the boundaries of land lots to provide and fully meet the needs of customers, with no quantity limit.

Fiber optic cable systems can connect to telecommunications applications and leased line systems. Telephone switchboard IDD, VoIP, AD,…

Fire Protection System

Fire hydrants are arranged along traffic routes in Thoi Hoa – My Phuoc IV industrial park with a distance of 2 hydrants from 100-150 m, ensuring easy access when a fire or explosion occurs.

Security System

Security and order in Thoi Hoa – My Phuoc IV industrial park are always ensured through a surveillance camera system covering every area. Additionally, a team of security guards performs their duties 24/7 and conducts regular patrols.

Other Infrastructure

Besides the above systems, Thoi Hoa – My Phuoc IV industrial park is also invested in building other convenient social systems such as:

Social Amenities: Thoi Hoa – My Phuoc IV industrial park offers various services to support businesses to the fullest. These include hotels, residential areas for workers, restaurants, and banks. This ensures that workers, employees, and businesses can conveniently meet their personal needs.

Green Tree System: To minimize negative impacts on the environment and the greenhouse effect, the investor Thoi Hoa – My Phuoc IV has planted green trees covering an area of 27.30 hectares.

Including a green flower garden system to isolate factories in the project, and isolate traffic.

IV. Industry Groups Attracting Investment in Thoi Hoa – My Phuoc IV Industrial Park

Thoi Hoa – My Phuoc IV Industrial Park, with its location and modern infrastructure, has attracted the attention of investors in many different industries. Below are the industries that are attracting investment in the Industrial Park:

Garment industry (non-woven dyeing), leather and footwear (non-leather tanning), packaging paper processing (no pulp production) Electrical industry, electronics, machinery manufacturing, mechanical manufacturing, machinery repair, construction mechanics, equipment, and spare parts; Construction materials industry, ceramics, household wooden furniture, metal plastic, household appliances, office equipment; Industries processing crop products, forest products, and aquatic products.

V. Incentives When Investing in Thoi Hoa – My Phuoc Industrial Park IV

Thoi Hoa – My Phuoc IV Industrial Park is currently applying 2 preferential investment policies for the following businesses:

Corporate Income Tax

When investing in Thoi Hoa – My Phuoc IV industrial park, investors can benefit from tax incentives. They will receive tax exemption for the first 2 years, followed by a 50% reduction for the subsequent 4 years. The current corporate income tax rate stands at 22%.

Support Investment Procedures

Thoi Hoa – My Phuoc IV Industrial Park always creates conditions to support and quickly advise investors on procedures for applying for Land Use Rights Certificates, Business Eligibility Certificates, and Certificates of Business Eligibility. Construction permits and other related documents.

VI. Labor Resources and Labor Costs

Thoi Hoa – My Phuoc IV Industrial Park is a dream destination for many investors. This industrial park includes different industries that use many labor resources and contribute significantly to the province’s GDP.

At the same time, the population in Binh Duong province is experiencing significant growth. Coupled with its favorable geographical location, this growth has helped Thoi Hoa – My Phuoc IV industrial park attract a substantial and high-quality labor force. This ensures the park can meet the demand for production and business without concerns about labor shortages.

In addition, the workforce will receive training before starting work in the industrial park. This training aims to ensure businesses achieve the highest efficiency and quality.

VII. Investment Costs of Thoi Hoa – My Phuoc IV Industrial Park, Binh Duong Province

Below are the costs that businesses need to pay when operating in Thoi Hoa – My Phuoc IV industrial park:

Land Rents

The land rental price in Thoi Hoa – My Phuoc IV industrial park is $175/m2/term.

Businesses can choose to pay once or pay in 4 installments:

1. Stage 1: 40% of the total rental value within 14 days immediately after signing the Land Lease Contract.
2. Stage 2: 20% of the total rental value 6 months after signing the Land Lease Contract.
3. Stage 3: 20% of the total rental value 12 months after signing the Land Lease Contract.
4. Stage 4: 20% of the total rental value 18 months after signing the Land Lease Contract.

Other costs

* The above costs do not include VAT according to state regulations.

For nearly 15 years of operation until now, Thoi Hoa – My Phuoc IV Industrial Park has continuously made efforts to perfect and upgrade the infrastructure system. The park aims for green, clean, beautiful, and sustainable development. It focuses on environmentally friendly practices while also actively attracting investors.

Thoi Hoa – My Phuoc IV Industrial Park, along with other industrial parks in the Industrial – Urban project of Binh Duong province, has made significant contributions to the economic development of Binh Duong province. These contributions have extended to the southern region as a whole.

Above is the most detailed information for you about My Phuoc IV Industrial Park provided by TTTFIC. We hope this will be useful information for you.