Binh Minh Industrial Park in Vinh Long Province
Binh Minh Industrial Park is an important industrial park in Vinh Long Province. It is located in the southern key economic region. With its favorable location, modern infrastructure, and incentive policies, this industrial park attracts many businesses.
Key Points to Remember:
- Binh Minh Industrial Park is one of the key industrial parks in Vinh Long Province.
- Favorable geographical location, modern infrastructure, and attractive investment incentives.
- Becoming an ideal destination for domestic and international industrial enterprises.
- Creating strong development opportunities for the local industry.
- Making significant contributions to the economy of Vinh Long Province.
Geographic Location of Binh Minh Industrial Park
Binh Minh Industrial Park is strategically located at Lot B5, Binh Minh Residential Area, My Loi Hamlet, My Hoa Commune, Binh Minh Town, Vinh Long Province. It is connected to a comprehensive transportation system of road, waterway, and air. This industrial park has an area of 134.82 hectares, of which 92.9 hectares are available for lease.
Multimodal Transportation Connectivity
Binh Minh I.P is designed with diverse transportation infrastructure. It connects to key transport routes such as National Route 1A, National Route 53, and highways. This helps businesses leverage the advantageous geographical position for effective transportation and trade.
Convenient Transportation Infrastructure
In addition to road transport, Binh Minh I.P is also connected to waterway and air transport systems. This creates a unique geographical advantage, enhancing competitiveness and the ability to link production and import-export activities for businesses located here.
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History of Formation and Development
Binh Minh Industrial Park is located in Vinh Long Province. It was established in 2002. The initial goal of Binh Minh I.P was to attract investment projects and promote local economic growth.
Over the years, Binh Minh I.P has expanded and improved its infrastructure, attracting many businesses to invest. The development of Binh Minh I.P showcases its potential.
Binh Minh I.P is not only a production site but also a concentration of reputable investment units, contributing to sustainable economic development in Vinh Long Province. The park has made continuous efforts to enhance infrastructure, making it an attractive destination for investors. This area is affirming its position.
Overview of Binh Minh Industrial Park in Vinh Long Province
Scale and Core Production Fields
Binh Minh I.P in Vinh Long Province is standing out on the industrial map of Vietnam. With a scale of 134.82 hectares, of which 92.9 hectares are available for lease, it is home to many enterprises. Core production fields include processing, electronics, mechanics, textiles, and leather footwear.
The industrial park also features warehouse areas, services, and residential zones, creating a complete industrial ecosystem. This area attracts many domestic and foreign enterprises.
| Core Production Field | Notable Enterprises |
| Processing Industry | Son Dong Co., Ltd., Truong Giang Food Corporation |
| Electronics Production | LG Electronics Co., Ltd., Samsung Electronics Vietnam Co., Ltd. |
| Mechanics | Xuan Ha Mechanical Co., Ltd., Binh Minh Mechanical Joint Stock Company |
| Textiles | Binh Minh Textile Co., Ltd., Vinh Long Garment Joint Stock Company |
| Leather Footwear | Vinh Long Leather Shoes Co., Ltd., Vinh Long Leather Joint Stock Company |
Binh Minh I.P is becoming a destination for many large enterprises both domestically and internationally, making significant contributions to industrial development in Vinh Long Province.
Attractive Investment Environment
Binh Minh I.P in Vinh Long Province proudly offers an attractive investment environment. Many domestic and foreign investors are interested, thanks to its incentive policies and human resource advantages.
Investment Incentive Policies
Binh Minh I.P offers various incentives for investors, including:
- Corporate income tax incentives.
- Competitive and stable land prices.
- Support for infrastructure and logistics services.
- Assistance services such as consulting, registration, and procedures.
Human Resource Advantages
Vinh Long Province has an abundant workforce with competitive skill levels and labor costs. This attracts investors to Binh Minh I.P. The labor force in Vinh Long is not only plentiful but also well-qualified to meet the demands of industrial enterprises.
With competitive labor costs, Binh Minh I.P is an attractive destination, drawing investors seeking business opportunities in Vietnam.
Future Development Potential
Binh Minh Industrial Park, strategically located in Vinh Long Province, has significant potential for future development. The area features modern infrastructure and attractive investment incentive policies, making it appealing for new investment projects in fields such as processing, manufacturing, trade, and services.
Binh Minh I.P focuses on industries with high growth potential, including agricultural processing, high-tech manufacturing, and logistics services. This presents attractive investment opportunities for domestic and foreign investors.
Binh Minh I.P has become an appealing investment destination, contributing to the socio-economic development of Vinh Long Province. The local government is working to improve infrastructure, simplify administrative procedures, and diversify investment incentive policies, aiming to create an attractive investment environment that attracts capital flows into Binh Minh I.P in the future.
| Industry | Development Potential | Investment Opportunities |
| Agricultural Processing | Advantage from available local raw materials | High-quality products aimed at export markets |
| High-Tech Manufacturing | Modern infrastructure and skilled workforce | High value-added products with export potential |
| Logistics Services | Favorable geographical location with good connectivity | Effective support for production and import-export activities |
Active Enterprises in the Industrial Park
Binh Minh Industrial Park is attracting many large enterprises. Notable companies operate in electronics, textiles, and food processing.
Some Notable Enterprises:
- Samsung Electronics Vietnam Co., Ltd.
- Chi Linh Textile Co., Ltd.
- Viet Thang Footwear Co., Ltd.
- Vinh Long Mechanical Processing Co., Ltd.
- An Phu Food Processing Co., Ltd.
These enterprises contribute significantly to the local economy by creating jobs and income for many people.
| Enterprise | Field of Activity | Number of Employees |
| Samsung Electronics Vietnam Co., Ltd. | Electronics Manufacturing | 15,000 |
| Chi Linh Textile Co., Ltd. | Textiles | 7,500 |
| Viet Thang Footwear Co., Ltd. | Footwear Manufacturing | 3,200 |
| Vinh Long Mechanical Processing Co., Ltd. | Mechanical Processing | 1,800 |
| An Phu Food Processing Co., Ltd. | Food Processing | 2,500 |
These notable enterprises not only boost production and business activities but also create job opportunities and foster socio-economic development.
Contribution of the Industrial Park to the Local Economy
Binh Minh I.P is a vital factor in the local economic development. Enterprises here have created thousands of jobs, enhancing incomes and improving the living standards of the people.
The industrial park has also attracted many new investment projects, increasing the local budget revenue for Vinh Long Province. By 2022, the industrial park had attracted over 5 trillion VND in investments, with more than 120 enterprises operating there.
| Indicator | Year 2020 | Year 2021 | Year 2022 |
| Revenue | 12 trillion VND | 15 trillion VND | 18 trillion VND |
| Number of Jobs | 25,000 employees | 28,000 employees | 30,000 employees |
| Budget Contribution | 800 billion VND | 950 billion VND | 1.1 trillion VND |
The figures above demonstrate the economic contribution of Binh Minh I.P. The industrial park not only boosts the economy but also improves the living standards of the local population by creating numerous job opportunities.
Binh Minh I.P has become a significant production and business hub in Vinh Long Province, making considerable contributions to the socio-economic development of the locality.
Social Activities and Environmental Protection
Binh Minh Industrial Park is not only focused on production development but also cares about social responsibility and environmental protection. This promotes sustainable development in the locality.
Companies here participate in many charitable programs, helping the local community through financial and material contributions, including:
- Constructing public welfare projects.
- Sponsoring scholarships for underprivileged students.
- Developing community programs.
The industrial park also implements modern environmental management measures, such as:
- Establishing a good wastewater treatment system.
- Using clean technology to reduce emissions.
- Planting trees to create beautiful living spaces.
Thus, Binh Minh I.P is not only efficient in production but also a reliable address for social responsibility and environmental protection.
Sustainable development is not just the responsibility of enterprises; the entire community shares this responsibility. Binh Minh I.P will continue its efforts to become a bright spot in this field.
Plans for Expansion and Future Development
Binh Minh Industrial Park will expand its area and upgrade its infrastructure in the coming years. This will provide opportunities for new businesses to join and help existing enterprises grow stronger.
The industrial park will focus on industries with high value-added potential, such as processing, electronic component manufacturing, and information technology. This will enhance the area’s competitiveness and attract more investment projects.
By concentrating on area expansion, infrastructure enhancement, and new industry development, Binh Minh I.P will remain an attractive investment destination in the future.
Other industrial zones
- An Dinh Industrial Park In Vinh Long Province
- Binh Minh Industrial Park In Vinh Long Province
- Binh Tan Industrial Park In Vinh Long Province
- Co Chien Industrial Park In Vinh Long Province
- Dong Binh Industrial Park In Vinh Long Province
- Hoa Phu Industrial Park In Vinh Long Province
FAQ
Where is Binh Minh Industrial Park located?
Binh Minh I.P is located at Lot B5, Binh Minh Residential Area, My Loi Hamlet, My Hoa Commune, Binh Minh Town, Vinh Long Province.
What is the transportation infrastructure like at Binh Minh I.P?
Binh Minh I.P connects to National Route 1A, National Route 53, and highways, facilitating production and import-export activities.
When was Binh Minh I.P established?
Binh Minh I.P was established in 2002, based on the planning of Vinh Long Province.
What is the scale and core production fields of Binh Minh I.P?
Binh Minh I.P has an area of 134.82 hectares, with 92.9 hectares available for lease. Core production fields include processing, electronics, mechanics, textiles, leather footwear, and supporting industries.
What investment incentive policies does Binh Minh Industrial Park offer?
Binh Minh Industrial Park provides an attractive investment environment with incentives including tax benefits, land prices, infrastructure, logistics, and support services.
What are the human resource advantages of Binh Minh Industrial Park?
Vinh Long Province has a rich labor force with high skill levels. Labor costs here are competitive compared to other regions.
What is the future development potential of Binh Minh Industrial Park?
With its favorable location, modern infrastructure, and incentive policies, Binh Minh I.P will attract many new investment projects.
What enterprises are currently operating in Binh Minh I.P?
Binh Minh I.P has many large enterprises such as Samsung Vietnam, Chi Linh Textiles, Viet Thang Footwear, Vinh Long Mechanical Processing, and An Phu Food Processing.
How has Binh Minh I.P contributed to the local economy?
Binh Minh I.P is a driving force for local economic development, creating thousands of jobs, attracting many investment projects, and increasing budget revenues for Vinh Long Province.
What social and environmental activities does Binh Minh I.P engage in?
Binh Minh I.P emphasizes production development and environmental protection. They participate in charitable programs, support the community, and implement modern environmental management.
What are the expansion and development plans for Binh Minh I.P in the future?
Binh Minh Industrial Park will expand its area and upgrade infrastructure, developing high value-added industries such as processing, electronic components, and information technology.