Vinh Loc Industrial Park (Vinh Loc IP) is a project established in 1997. It stands as one of the large-scale industrial parks in Ho Chi Minh City, experiencing robust development. This industrial park plays a vital role in maintaining the city’s prominence in the key economic region of the southwest and the entire country. Beyond its strategic geographical location, Vinh Loc Industrial Park has received substantial investment in comprehensive infrastructure to attract both domestic and foreign investors.
I. Overview of Vinh Loc Industrial Park
When discussing large and highly effective industrial parks in Ho Chi Minh City, one cannot overlook Vinh Loc IP. Spanning 207 hectares, with a favorable geographical location and excellent transportation connectivity, this industrial park has become a magnet for numerous investors and businesses seeking expansion opportunities.
Presently, Vinh Loc IP boasts a full occupancy rate of 100%, hosting diverse industries such as electronics manufacturing, mechanical engineering, construction, packaging, and garments. It attracts not only domestic investors but also serves as an ideal investment destination for numerous foreign businesses.
1. Scale of Vinh Loc Industrial Park
Total area: 207 hectares, comprising:
Land for factory construction: 118 hectares
Land for management and service center: 5,76 hectares
Green land: 22,7 hectares
Traffic land: 32,5 hectares
Land for technical treatment: 9,71 hectares
Land to build warehouses: 17,45 hectares
With its exceptional geographical location and robust infrastructure, Vinh Loc IP stands out as one of the most appealing industrial parks for investors. It holds the distinction of being the fastest-growing industrial park project in Ho Chi Minh City, the country’s leading economic center.
Planning map of Vinh Loc Industrial Park in Ho Chi Minh City
II. Location of Vinh Loc Industrial Park
Vinh Loc IP boasts a prime location, situated in Vinh Loc A commune (Binh Chanh district), Ba Diem commune (Hoc Mon district), and Binh Hung Hoa B ward (Binh Tan district) within Ho Chi Minh City.
1. Geographical Boundaries
North: Regional drainage canal
South: Nguyen Thi Ty Street
East: Residential area
West: Expanded Vinh Loc IP and existing residential area
With this strategic positioning, Vinh Loc IP enjoys convenient connectivity, enabling businesses to save costs on trade and transportation of goods. Moreover, residents and workers in Vinh Loc IP can easily access neighboring locations, districts, or amenities for their daily activities.
2. Connectivity from Vinh Loc Industrial Park
Ho Chi Minh City center: 15 km
Tan Son Nhat International Airport: 8 km
Saigon Port: 17 km
Adjacent to National Highway 1A
III. Infrastructure of Vinh Loc Industrial Park
To meet the production needs of businesses and investors, Vinh Loc IP has undergone meticulous investment and construction, resulting in a comprehensive infrastructure system. Key features include:
1. Electrical System
Power supply from the national power grid of 22 – 110 kV
The entire industrial park is equipped with 2 large generators, with a capacity of up to 40 MVA.
2. Water Supply System
Vinh Loc IP operates its tap water supply network with a maximum capacity of 12.000 m3/day, ensuring sufficient and reasonable water supply for businesses and investors.
3. Wastewater Treatment System
With a capacity reaching 6.000 m3/day and night, the modern wastewater treatment system adheres to clean filtration criteria, contributing to environmental protection and sustainable development.
Additionally, Vinh Loc IP provides a range of utility services to meet the needs of experts and workers, including banking services, post and telecommunications, insurance, security, and public order.
Vinh Loc Industrial Park is a large industrial park project in Ho Chi Minh City
IV. Industries Attracting Investment in Vinh Loc Industrial Park
Vinh Loc IP accommodates a diverse range of active industries and fields. However, the sectors that draw the most significant investment in this industrial park include:
Construction Materials and Interior Decoration Manufacturing Industry
Ceramics and Glass Production Industry
Other Industries that are Environmentally Friendly or Have Minimal Impact on the Environment
V. Investment Incentives of Vinh Loc Industrial Park
Vinh Loc IP places special emphasis on supporting the investment activities of businesses operating within the park, particularly for new investors or those encountering challenges in production and business. To facilitate this, the Vinh Loc IP Management Board, in collaboration with local authorities, consistently implements various preferential policies. These include:
Flexible Payment Policy
Support for Businesses to Participate in Investment and Trade Promotion Activities at Home and Abroad
Attention to Training and Human Resource Development
The implementation of these attractive preferential policies by Vinh Loc IP has played a pivotal role in fostering stable and sustainable development for businesses.
100 USD/m2 (Land with infrastructure – Lease period 50 years)
Infrastructure management fee
0,4 USD/m2/year
Electricity costs
Normal hours: 1.350 VND/Kwh
Off-peak hours: 980 VND/Kwh
Water costs
8.800 VND/m3 (Pay monthly, excluding VAT)
Wastewater treatment costs
0,4 USD/m3/month
VII. Labor Resources and Labor Costs
As previously mentioned, Vinh Loc IP consistently supports and stands alongside businesses and investors throughout their operations. Recognizing that people are the primary factor determining success, the Industrial Park Management Board, along with the District and City People’s Committees, actively takes care of the material and spiritual lives of workers. This not only attracts a significant labor force but also retains highly skilled workers who remain with businesses for extended periods.
Furthermore, the advantageous low labor costs in Vinh Loc IP provide businesses and investors with a sense of security. This facilitates the promotion of production and the attainment of attractive profits.
VIII. Economic Value of Vinh Loc Industrial Park
Vinh Loc IP, with methodical and meticulous investment, plays a crucial role in the outstanding economic and social development of the locality and city. The industrial park has currently attracted numerous domestic and foreign investors while effectively addressing employment challenges for tens of thousands of workers.
The achievements of Vinh Loc IP, reflected in its high annual revenue, make a significant contribution to the national budget. Additionally, the park’s presence facilitates services for workers, enabling them to secure stable incomes and improve their lives. Public amenities like kindergartens, hospitals, and schools in the area cater to the life needs of experts and workers in the Industrial Park.
The establishment of Vinh Loc IP significantly boosts the economy and society in the southwest region of Ho Chi Minh City. It contributes to the rapid urbanization, job creation, and valuable advancements for the country.
1. Conclusion
Endowed with a prime location, attractive policies, and modern infrastructure, Vinh Loc IP has the potential and advantages to be an ideal investment destination in Ho Chi Minh City. Certainly, in the near future, Vinh Loc IP will persist in upholding the values it offers to businesses and investors, establishing itself as a prosperous destination.
TTTFIC aims to provide investors with insights and aid in making well-informed decisions regarding the choice of Vinh Loc Industrial Park.
The land for lease that belong to Industrial Park has run out of stock. Only the land and warehouse has been re-invested by individual investor that still available
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