Viet Huong 2 Industrial Park - Binh Duong

Viet Huong 2 Industrial Park stands as a shining example that has made significant contributions to the urbanization process, transforming the landscape of Thuan An City and, in turn, Binh Duong Province as a whole. With unwavering enthusiasm and persistent efforts, this industrial park has laid a strong foundation for businesses to invest in cooperative and developmental trends. To learn more about it, let’s delve into the details with TTTFIC in the following article!

I. Overview of Viet Huong 2 Industrial Park

Viet Huong 2 Industrial Park received its establishment approval on September 29, 2003, as per Decision No. 3681/QD-CT from the Binh Duong Provincial People’s Committee, which approved the investment project for the construction and operation of the infrastructure of Viet Huong Industrial Park. Additionally, Decision No. 5156/QB-UBND, issued by the Binh Duong Provincial People’s Committee on February 12, 2003, approved the detailed planning of Viet Huong 2 Industrial Park. On January 30, 2007, Viet Huong 2 Industrial Park was granted investment certificate No. 46221000085 by the Management Board of Binh Duong Industrial Parks.

Viet Huong 2 Industrial Park is situated in An Tay Commune, Ben Cat Town, Binh Duong province. The industrial park is located within the Northern economic zone, which is progressively emerging as the new economic, cultural, and social hub of Binh Duong province. This project benefits from comprehensive development policies and fosters close connections with industrial parks and industrial clusters in the vicinity. Viet Huong 2 Industrial Park is a substantial industrial park project financed by Viet Huong Joint Stock Company, with a total investment capital of 202.7 billion VND, and it has been entirely constructed in accordance with a modern industrial park model.

With a strategically important location and continually improving infrastructure, the park attracts significant domestic and foreign partners for investment. Viet Huong 2 Industrial Park is committed to delivering effective solutions for manufacturing businesses while also providing employment opportunities for thousands of workers across the region.

The scale of the Industrial Park

Viet Huong 2 Industrial Park covers an area of 250 hectares, including:

• Land for construction of factories and warehouses: 168.59 hectares
• Land for administrative and service construction: 12.74 hectares
• Green areas and parks: 35.88 hectares
• Land for technical infrastructure construction: 3.23 hectares
• Land for construction of the transportation system: 29.57 hectares

II. Geographical Location of Viet Huong 2 Industrial Park

Viet Huong 2 Industrial Park is situated in An Tay Commune, Ben Cat Town, Binh Duong Province, Vietnam. It is strategically located adjacent to major roads, with intelligent and scientifically planned logistics. This ensures the smooth, convenient, and efficient trade and transportation of goods, raw materials, and products within the Industrial Park.

With its proximity to the Saigon River, right in the heart of Binh Duong province’s economic development center, Viet Huong 2 Industrial Park offers excellent connectivity to local areas and neighboring provinces. The industrial park boasts an ideal regional location, with distances to key points as follows:

Main roads

• Ring Road 4: 9 km
• Highway 13: 15 km
• My Phuoc – Tan Van Expressway: 23 km

Major cities

• Thu Dau Mot City is 20 km from Binh Duong.
• New Binh Duong City: 21 km
• Bien Hoa City, Dong Nai: 42 km
• Ho Chi Minh City: 50.4 km

Airports

• Tan Son Nhat International Airport: 49.2 km
• Long Thanh International Airport: 75 km

Seaports

• Binh Duong Port: 42 km
• Tan Cang – Cat Lai Port: 55.1 km
• Tan Cang – Cai Mep Port: 96.5 km

III. Infrastructure of Viet Huong 2 Industrial Park

With a focus on modernity and comprehensiveness, the infrastructure of Viet Huong 2 Industrial Park plays a pivotal role in facilitating the development of industries. Key aspects include:

Internal transportation system

The internal transportation system within Viet Huong 2 Industrial Park is designed in accordance with national standards. The entire internal road network is 17.5 meters wide, featuring two lanes, ensuring that container trucks and other vehicles can circulate and transport goods seamlessly within the Industrial Park.

Water supply system

Viet Huong 2 Industrial Park prioritizes the water supply system to meet the needs of businesses and production facilities participating in the project. It guarantees a supply of high-quality, quantity-compliant, pure water, with a capacity of 8000 m3/day and night, distributed to designated areas. This ensures that the production and living requirements of investors are consistently met, facilitated by large clean water plants in Binh Duong province.

Electricity distribution system

The power supply at Viet Huong 2 Industrial Park is sourced from the national power system network. The power distribution voltage level is 110/22kV, with a power supply capacity of 40MVA to each land plot. This setup ensures a stable and continuous power supply, meeting the 24/7 production needs of businesses, factories, and production facilities in the Industrial Park.

Communication systems

The communication system at Viet Huong 2 Industrial Park features robust, high-speed transmission lines, offering various carriers to meet the maximum internet access requirements of the Industrial Park. Pre-installed phone lines are provided to designated areas and can extend throughout the entire system. Fiber optic cables are capable of connecting to various high-speed telecommunications services (ADSL) and leased lines.

Wastewater treatment system

The wastewater treatment system represents a substantial investment and stands as a prominent feature of Viet Huong 2 Industrial Park. The wastewater treatment plant applies a type B treatment system in accordance with TCVN standards, with a capacity of 6000 m3/day and night, thereby ensuring compliance with environmental regulations before discharge.

Fire protection system

The fire protection system is always meticulously prepared, with water columns installed along all main and branch roads. The industrial park maintains a highly trained fire protection team that is promptly available in the event of a fire or explosion incident, ensuring the safety of the facilities and personnel. Staff are trained in basic fire prevention skills to ensure 24/7 security.

IV. Sectors Attracting Investment in Viet Huong 2 Industrial Park

Viet Huong 2 Industrial Park has gained recognition from the government as one of the key industrial hubs in the southern economic zone. It boasts numerous advantages in terms of its geographical location and sustainable infrastructure. Viet Huong 2 Industrial Park continually strives to become a leading industrial park, offering diverse industries and sectors that attract investments.

Viet Huong 2 Industrial Park encompasses several industries that specifically draw investments, including:

• Textile, dyeing, garment, leather, and footwear sectors.
• Electricity and electronics production, machinery and mechanical engineering, machinery repair, construction equipment, and spare parts.
• Construction materials, ceramics, household wooden furniture, metal and plastic utensils, and office equipment.
• Processing of agricultural, forestry, and aquatic products.

V. Investment Costs in Viet Huong 2 Industrial Park

The investment costs associated with Viet Huong 2 Industrial Park are considerably more affordable than those of other industrial parks in the region, including Dong An 1 Industrial Park, Dong An 2 Industrial Park, and others. The specific details are as follows:

VI. Investment Incentives at Viet Huong 2 Industrial Park

Below are the preferential policies when investing in Viet Huong 2 Industrial Park:

Land Rent

According to Decree No. 135/2016/ND-CP dated September 9, 2016, and Decree No. 46/2014/ND-CP dated May 15, 2014, by the Government:

• Exemption from land and water surface rent for common infrastructure construction projects in industrial parks and industrial park clusters approved according to competent planning for the entire lease period.
• Exempt land rent and water surface rent for 3 years from the date of project completion and the start of operation for projects on the investment incentive list; economic organizations establishing new production and business facilities must relocate according to planning or due to environmental pollution.
• According to Decree No. 118/2015/ND-CP dated November 12, 2015, by the Government: Exemption from land rent and water surface rent for a period of 11 years for investment projects in fields with special investment incentives.

Corporate Income Tax

• Apply a preferential tax rate of 10% for a period of 15 years.
• Tax-free for 4 years.
• 50% reduction in tax payable for the next 9 years.
• For enterprises implementing new investment projects in the following fields:
  • Scientific research and technology development.
  • Production of software products.
  • Production of composite materials, light construction materials, and rare materials.
  • Producing renewable energy, clean energy, and energy from waste treatment.

Import Tax

According to Decree No. 134/2016/ND-CP dated September 1, 2016, by the Government:

• Import tax exemption for goods imported to create fixed assets for subjects entitled to incentives under investment law, including:
  • Devices; components, replacement parts, separate components, spare parts used synchronously or used synchronously with machinery and equipment; raw materials and supplies used to manufacture machinery and equipment or to produce components, spare parts, separate parts, and accessories of machinery and equipment.
  • Specialized transportation vehicles used directly in the project’s production line.
  • Domestic construction materials that have not been produced yet.

VII. Labor Source and Labor Costs at Viet Huong 2 Industrial Park

Binh Duong is an official member of the Intelligent Community Forum (ICF) the World Technology Association (WTA), World Trade Centers Association (WTCA). For three consecutive years, it has earned recognition as one of 21 model smart cities worldwide. Thanks to this, Binh Duong consistently attracts an abundant labor force from provinces and cities across the country to live and work here.

With its prime location, comprehensive infrastructure, tax incentives, and favorable investment policies, Viet Huong 2 Industrial Park is experiencing robust growth and is becoming a magnet for talented individuals to work here. The industrial park has provided thousands of local workers with stable, high-income jobs. As a result, investors can readily find labor sources in the region and neighboring areas, thus meeting the significant human resource needs of their establishments.

Furthermore, the labor force here possesses high skills, extensive experience, and strong dedication to their work, leading to outstanding productivity. This, in turn, is driving the Industrial Park’s strong development in the near future. Viet Huong Industrial Park 2 offers a safe, healthy, and promising work environment, making it a reliable destination for those seeking investment opportunities in the industrial sector in Binh Duong province.

VIII. Economic Value of Viet Huong 2 Industrial Park

Currently, Viet Huong 2 Industrial Park stands out as one of the outstanding industrial parks in Binh Duong province, thanks to its development potential and significant economic value. Industrial parks excel in seizing opportunities, efficiently utilizing Binh Duong province’s economic characteristics, and attracting substantial investments.

Viet Huong 2 Industrial Park consistently supports investors with administrative procedures for obtaining investment licenses, establishing businesses, and more. With its abundant potential, competitive investment costs, and generous preferential policies, Viet Huong 2 Industrial Park has reached full occupancy, with 100 investors from 20 countries and territories engaged in production and business activities. Notable countries include Korea, China, Japan, Spain, Germany, Taiwan, and more, creating employment opportunities for thousands of local workers and contributing to the socio-economic development of Binh Duong province and the entire country.

Viet Huong 2 Industrial Park places a strong emphasis on sustainable urban development, environmental friendliness, and protection. With its well-rounded investments and exceptional preferential policies, Viet Huong 2 has become a trusted partner for many large investors in providing “Turnkey” package services. Viet Huong 2 believes that the fundamental values it aspires to will bring prosperous development to investors. “Accompanying development, towards success” is the goal that Viet Huong Industrial Park 2 always aims for.

IX. Summary

Above is the detailed information about Viet Huong 2 Industrial Park provided by TTTFIC. Viet Huong 2 Industrial Park consistently strives to create an attractive, dynamic investment environment and stands ready to support investors at every stage of operation. Leveraging its current strengths and potential for future growth, Viet Huong 2 Industrial Park promises to be the most reputable and high-quality location for investors.